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Viridis Mining and Minerals Limited ( (AU:VMM) ) has provided an update.
Viridis Mining and Minerals has secured a non-binding, conditional Letter of Support of up to US$50 million from Export Finance Australia, completing its targeted export credit agency–led project debt framework for the Colossus Rare Earths Project. Together with prior support indications from Export Development Canada, Bpifrance and Brazil’s BNDES, the new backing fills out the project’s anticipated debt envelope relative to its pre-feasibility capital cost estimates, enabling Viridis to move ahead with appointing a mandated lead arranger and to begin coordinated due diligence with participating lenders. The financing progress, combined with the recent grant of an Environmental Preliminary Licence in Minas Gerais and a previously executed US$30 million strategic equity investment with ORE Investments and Régia Capital, strengthens Colossus’s path toward full funding, advanced talks with strategic equity and offtake partners, and a planned final investment decision in the second half of 2026, reinforcing its standing as a globally significant rare earth development aligned with international critical minerals strategies.
The most recent analyst rating on (AU:VMM) stock is a Hold with a A$1.00 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 developing the Colossus Rare Earths Project in Brazil. The project targets high-grade magnetic rare earth oxides, including critical heavy rare earths such as dysprosium and terbium, positioning the company within the strategic critical minerals supply chain and aiming to support diversification of global rare earth supply away from traditional sources.
Average Trading Volume: 1,034,898
Technical Sentiment Signal: Buy
Current Market Cap: A$141.4M
For an in-depth examination of VMM stock, go to TipRanks’ Overview page.