Latest Viridis Mining and Minerals (ASX:VMM) News

Small-cap shares delivered the week’s biggest moves, led by Mamba’s exploration funding and Cettire’s rebound. Clinical failures, cash shortages and delayed projects kept the broader market cautious.

Small-cap materials shares produced wide gains and losses as fresh discoveries competed with funding warnings and delayed mine starts.
Rare earths, lithium, gold and copper projects added scale, but approvals, cash and construction remain the key tests.

Viridis Mining and Minerals Limited (ASX:VMM) has used its FY2026 annual report to present Colossus as a rare earths project moving from study work into execution. The company has reported strong DFS economics and fresh equity funding, but still needs key permits, binding offtake and senior debt before construction can fully proceed.

Rare earths, scandium and biotech stocks led the week’s gains, while a rights issue sent Green & Gold Minerals sharply lower. Large capital raisings, mine funding and takeover activity kept resources at the centre of investor attention.

Critical minerals led the market, with Australasian Metals doubling after taking an option over West African lithium projects. Rare earth technology, scandium finance and gold drilling also drew attention, but many developers fell as investors questioned funding and delivery.

Viridis Mining and Minerals has selected Sedgman and Blossom as the preferred EPCM partner for its Colossus rare earths project, with up to US$3 million approved for work before a final investment decision. The full contract remains conditional, but engineering and procurement activity will begin immediately.

Viridis Mining and Minerals has secured approval for a R$77.5 million BNDES financing facility, reducing the estimated senior debt still required for its Colossus rare earth project to about US$280 million. The 16-year facility carries an indicative current cost of approximately 4.8% and supports the project’s Brazilian processing and research infrastructure.

Viridis Mining has placed its first major equipment order for the Colossus Rare Earth Project, securing critical-path pressure filtration technology that underpins its 2028 production target.

Gold, rare earths and energy shares led a busy week, while major company results brought large gains and steep sell-offs. Corporate deals, new project studies and rising dividends drew buyers, but some stocks fell despite stronger earnings.

Rare earths and uranium stocks led a broad resources rally, while gold companies combined record profits with larger reserves and dividends. Yet strong company news did not guarantee a rising share price, with several materials groups falling despite better earnings or project progress.

Viridis Mining and Minerals completes a Definitive Feasibility Study for its Colossus Rare Earth Project, confirming strong economics and project readiness, while securing $120 million in equity funding to advance into execution.

Viridis Mining and Minerals Limited (ASX: VMM) has halted trading of its shares pending the release of its Definitive Feasibility Study results, with the suspension expected to last until 20 August 2026 or earlier if the announcement is made sooner.