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Viridis Mining and Minerals Limited ( (AU:VMM) ) has issued an update.
Viridis Mining and Minerals Limited, through its joint venture Viridion, is planning to expand its operations by establishing a rare earth refinery in the United States. This move is part of a broader strategy to develop a sustainable supply chain outside China, leveraging their successful refining capabilities in Brazil. The U.S. facility will process feedstock from their Colossus Project in Brazil, aiming to meet the growing demand for rare earth materials in sectors like automotive, defense, and renewable energy. The expansion is supported by strategic partnerships and government programs, positioning Viridis as a key player in the global rare earth market.
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 extraction and processing of rare earth elements. The company is involved in developing refining and recycling capabilities, with a significant project in Brazil and plans for expansion into the United States. Their market focus is on creating a sustainable and independent supply chain for rare earth materials, particularly outside of China.
Average Trading Volume: 429,274
Technical Sentiment Signal: Hold
Current Market Cap: A$39.66M
Learn more about VMM stock on TipRanks’ Stock Analysis page.