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An announcement from Viridis Mining and Minerals Limited ( (AU:VMM) ) is now available.
Viridis Mining and Minerals Limited, through its joint venture Viridion Rare Earth Technologies Ltda., has secured land in Poços de Caldas, Brazil, to develop Latin America’s first rare earth refining and recycling hub. This strategic move, backed by local government support and pending federal funding, aims to establish a Centre for Rare Earths Innovation, Technology and Recycling (CRITR) by 2026. The facility will process rare earth elements and recycled magnets, aligning with Brazil’s national agenda for a sustainable rare earth supply chain. The project is expected to enhance Brazil’s industrial capabilities and provide long-term shareholder value.
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 involved in the mining and minerals industry, focusing on rare earth elements. It operates through a joint venture, Viridion Rare Earth Technologies Ltda., with Ionic Rare Earths Ltd. The company is working towards establishing a vertically integrated rare earth supply chain in Brazil, positioning itself as a key player in the global energy transition.
Average Trading Volume: 526,546
Technical Sentiment Signal: Buy
Current Market Cap: A$57.77M
Learn more about VMM stock on TipRanks’ Stock Analysis page.