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Viridis Mining and Minerals Limited ( (AU:VMM) ) just unveiled an update.
Viridis Mining and Minerals Limited has announced significant progress in the development of its Rare Earth Research and Processing Centre (CPTR) in Poços de Caldas, Brazil. The company has secured a strategic site and finalized key contracts for the construction of a demonstration plant, which will accelerate its transition to commercial production of rare earth materials. This development positions Viridis as a strategically independent contributor to the Western critical minerals supply chain, especially in light of recent Chinese export controls on rare earths. The facility is expected to be operational by Q2 2026 and will not rely on Chinese technology or equipment, reducing exposure to geopolitical risks.
The most recent analyst rating on (AU:VMM) stock is a Buy with a A$3.34 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 company operating in the mining industry, focusing on the production and processing of rare earth materials. The company is involved in research and development to advance its capabilities in producing high-purity rare earth products, with a strategic emphasis on becoming a significant player in the Western critical minerals supply chain.
Average Trading Volume: 1,004,755
Technical Sentiment Signal: Buy
Current Market Cap: A$184.5M
Learn more about VMM stock on TipRanks’ Stock Analysis page.