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The latest announcement is out from Viridis Mining and Minerals Limited ( (AU:VMM) ).
Viridis Mining and Minerals Ltd, along with its joint venture entity Viridion Pty Ltd, has been selected by Brazilian development institutions BNDES and FINEP to progress with a Joint Support Plan. This selection positions Viridis to potentially receive significant funding from a US$903 million package to accelerate the development of its Colossus Project and downstream operations. The company was chosen due to the advanced stage of the Colossus Project, its economic viability, and its proven downstream processing technology. This development aligns with Brazil’s strategic minerals initiative, aiming to enhance the country’s industrial capacity and leadership in the global clean energy 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 Ltd is a company operating in the mining industry, focusing on the extraction and processing of strategic minerals. Its primary products include rare earth elements, which are crucial for the energy transition and decarbonization efforts. The company is actively involved in developing a fully integrated rare earths supply chain outside China, with a significant focus on the Colossus Project and downstream refining and recycling operations.
Average Trading Volume: 536,915
Technical Sentiment Signal: Buy
Current Market Cap: A$86.22M
See more insights into VMM stock on TipRanks’ Stock Analysis page.