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An announcement from Viridis Mining and Minerals Limited ( (AU:VMM) ) is now available.
Viridis Mining and Minerals Limited announced significant advancements in its Colossus IAC Rare Earth Project, including the successful production of its maiden Mixed Rare Earth Carbonate (MREC) with high Magnetic Rare Earth Oxide (MREO) recoveries. The company achieved groundbreaking metallurgical results, positioning the Colossus Project as a top-tier rare earth asset globally. The joint venture with Ionic Rare Earths Limited aims to make Viridion the first producer of refined Rare Earth Oxides from MREC or recycled magnets, enhancing the project’s economic potential and reducing operational costs. Further, the company is progressing with environmental assessments and municipal endorsements, ensuring regulatory compliance for the project’s development.
More about Viridis Mining and Minerals Limited
Viridis Mining and Minerals Limited operates in the mining industry, focusing on rare earth elements. The company is engaged in developing the Colossus IAC Rare Earth Project, which aims to produce high-purity Mixed Rare Earth Carbonate (MREC) and refined Rare Earth Oxides (REO). Viridis is positioned as a leader in rare earth mining, particularly through its joint venture with Ionic Rare Earths Limited, aiming to establish a fully integrated domestic supply chain outside of China.
YTD Price Performance: 27.27%
Average Trading Volume: 164,095
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$787.7K
For a thorough assessment of VMM stock, go to TipRanks’ Stock Analysis page.
