Viridis Mining Achieves Milestone in Rare Earth Supply Chain Development

The latest announcement is out from Viridis Mining and Minerals Limited ( (AU:VMM) ).

Viridis Mining and Minerals Limited, through its joint venture with Ionic Rare Earths Limited, has successfully delivered the first locally sourced range of magnetic rare earth oxides to Brazil’s CIT SENAI ITR facility. This milestone positions Viridis as a key player in the rare earth supply chain in Latin America, especially amidst China’s export restrictions. The delivery supports Brazil’s strategic mineral initiatives and the development of a domestic rare earth magnet industry, with potential funding from Brazilian financial institutions to further enhance the supply chain.

The most recent analyst rating on (AU:VMM) stock is a Buy with a A$1.45 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 supply of rare earth elements. The company is involved in developing a fully integrated rare earth supply chain, with a market focus on providing high-purity rare earth oxides for advanced manufacturing industries, particularly in Brazil and Latin America.

Average Trading Volume: 302,040

Technical Sentiment Signal: Sell

Current Market Cap: A$24.57M

Find detailed analytics on VMM stock on TipRanks’ Stock Analysis page.