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Viridis Mining and Minerals Limited ( (AU:VMM) ) has provided an update.
Viridis reported substantial progress at its Colossus Rare Earth Project during the March 2026 quarter, including full delivery and installation of equipment for its mixed rare earth carbonate demonstration plant and continued advancement of the definitive feasibility study and mine design work. The company also moved forward on permitting for its commercial facility, launched the EPCM contractor tender process, advanced high-voltage power infrastructure negotiations, and completed extensive infill and exploration drilling to support a resource and reserve update later in 2026.
On the corporate side, Viridis strengthened its balance sheet with an oversubscribed A$25 million placement and a binding US$25 million funding agreement, ending the quarter with about A$65.8 million in available funds and additional indicative support from multiple export credit agencies. The company deepened its strategic positioning through high-profile board and executive appointments, inclusion of Colossus in Brazil’s Climate Investment Platform, progress on Brazilian rare earth supply and recycling initiatives, and expanded government and market engagement that underpin its path toward a final investment decision and early project execution.
The most recent analyst rating on (AU:VMM) stock is a Buy with a A$3.60 price target. To see the full list of analyst forecasts on Viridis Mining and Minerals Limited stock, see the AU:VMM Stock Forecast page.
More about Viridis Mining and Minerals Limited
Viridis Mining and Minerals Limited is an ASX-listed resources company focused on rare earths, with its flagship Colossus Ionic Adsorption Clay Rare Earth Project in Brazil. The company is developing an integrated value chain that includes mining, processing, refining, and recycling, targeting the growing global market for critical rare earth materials used in advanced technologies and clean energy applications.
Average Trading Volume: 841,814
Technical Sentiment Signal: Buy
Current Market Cap: A$346.4M
See more insights into VMM stock on TipRanks’ Stock Analysis page.