Latest VIRIDIS MINING AND MINERALS (ASX:VMM) News

Viridis Mining and Minerals Limited has addressed ASX concerns following unusual trading linked to a Brazilian environmental recommendation on its Colossus Project. The company remains confident in securing the project's Preliminary License despite the non-binding recommendation.

Viridis Mining and Minerals has locked in a US$30 million strategic funding agreement with Brazilian asset managers Régia Capital and ORE Investments, setting a clear path to Final Investment Decision for its Colossus rare earth project.

Viridis Mining and Minerals has received a significant US$100 million Letter of Interest from Export Development Canada, reinforcing the financing framework for its Colossus Rare Earths Project in Brazil. This follows prior support from French and Brazilian export credit agencies, positioning the company for a Final Investment Decision in 2026.

Viridis Mining and Minerals has secured a pivotal non-binding Letter of Support from Bpifrance, confirming eligibility for strategic financing of its Colossus Rare Earths Project in Brazil. This milestone propels the project closer to final investment decision and strengthens its position in the critical minerals supply chain.

Viridis Mining and Minerals has delivered a landmark Pre-Feasibility Study for its Colossus Rare Earth Project, confirming robust economics and securing key strategic funding and land expansions in Brazil.

Viridis Mining and Minerals has secured a prime site and finalized key contracts for its Rare Earth Research and Processing Centre in Brazil, positioning itself as a critical Western-aligned rare earth supplier amid tightening Chinese export controls.

Viridis Mining and Minerals has significantly expanded its Colossus Rare Earth Elements project in Brazil, securing an additional 2,503.6 hectares adjacent to its existing licenses. This move, backed by robust government support and strategic partnerships, enhances the project's scale and de-risks its pathway to production.

Viridis Mining and Minerals has announced a maiden JORC Probable Ore Reserve of 200.6 million tonnes at the Colossus Rare Earth Project, underpinning a 40-year mine life with exceptional grades and sustainable mining practices.

Viridis Mining and Minerals has been selected for up to US$903 million in Brazilian government funding to advance its Colossus Rare Earth Project, while delivering Brazil’s first locally sourced rare earth oxides and posting robust Pre-Feasibility Study results.

Viridis Mining and Minerals has raised AU$11.5 million through a heavily oversubscribed placement, strengthening its balance sheet to advance the Colossus Rare Earth Project towards Final Investment Decision. The funding, backed by institutional and strategic Brazilian partners, positions Viridis with nearly AU$58.5 million in cash to accelerate development and regulatory approvals.

Viridis Mining and Minerals has locked in a strategic US$30 million equity funding partnership with leading Brazilian asset managers to accelerate its Colossus Rare Earth Project towards production.

Viridis Mining and Minerals has been selected by Brazil's BNDES and FINEP to receive significant funding under a US$903 million strategic minerals initiative, accelerating its Colossus rare earths project and downstream operations.