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Viridis Mining and Minerals Limited ( (AU:VMM) ) just unveiled an update.
Viridis Mining and Minerals Ltd announced progress in the environmental licensing process for its Colossus Rare Earth Project in Brazil. The Minas Gerais State Environmental Foundation (FEAM) has issued a favorable technical assessment for the project, recommending the granting of a Preliminary License. However, the project was temporarily withdrawn from the COPAM agenda to address recommendations from the public prosecutors’ office. Viridis remains confident in the project’s environmental compliance and anticipates resubmission for deliberation in December 2025.
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 Ltd is a company operating in the mining industry, focusing on the extraction and development of rare earth elements. The company is engaged in projects such as the Colossus Rare Earth Project in Poços de Caldas, Brazil, and is strategically positioned with support from sovereign-backed funding entities.
Average Trading Volume: 899,491
Technical Sentiment Signal: Buy
Current Market Cap: A$108.4M
Learn more about VMM stock on TipRanks’ Stock Analysis page.