Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Viridis Mining and Minerals Limited ( (AU:VMM) ) has provided an update.
Viridis Mining and Minerals Limited has made significant progress in obtaining environmental licensing for its Colossus Project in Brazil. The Minas Gerais State Environmental Foundation has issued a favorable technical assessment, recommending the granting of a Preliminary License, a critical step towards the project’s development. This development reinforces the project’s environmental robustness and positions Viridis to proceed with the Installation License application following anticipated approval. The company’s proactive engagement with environmental authorities and stakeholders underscores its commitment to advancing the Colossus Project, potentially enhancing its position in the resource exploration industry.
The most recent analyst rating on (AU:VMM) stock is a Buy with a A$2.65 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 a resource exploration and development company with assets in Brazil, Canada, and Australia. The company focuses on projects such as the Colossus Project for rare earth elements, the South Kitikmeot and Boddington West Projects for gold, the Bindoon Project for nickel, copper, and platinum group elements, and the Poochera and Smoky Projects for kaolin-halloysite.
Average Trading Volume: 971,390
Technical Sentiment Signal: Buy
Current Market Cap: A$128.9M
For a thorough assessment of VMM stock, go to TipRanks’ Stock Analysis page.