Viridis Mining and Minerals Plans New Share Placement on ASX

Viridis Mining and Minerals Limited ( (AU:VMM) ) has issued an announcement.

Viridis Mining and Minerals Limited has notified the ASX of a proposed issue of up to 13,157,895 ordinary fully paid shares. The new securities are to be issued as part of a placement or similar capital-raising structure, with the proposed issue date set for March 26, 2026.

The company has applied for quotation of the new shares on the ASX in line with listing rule requirements, indicating that the additional equity will expand its quoted capital base. This capital raising is likely intended to support Viridis Mining and Minerals’ ongoing corporate or project activities and may influence its funding flexibility and market positioning.

The most recent analyst rating on (AU:VMM) stock is a Buy with a A$4.70 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 Australian-listed resources company operating in the mining and minerals sector. The company is focused on exploring and developing mineral assets, with its ordinary fully paid shares traded on the ASX under the ticker VMM.

Average Trading Volume: 992,346

Technical Sentiment Signal: Buy

Current Market Cap: A$248M

For detailed information about VMM stock, go to TipRanks’ Stock Analysis page.