Viridis Mining and Minerals Limited ( (AU:VMM) ) has provided an update.
Viridis Mining and Minerals Limited has announced a scoping study for its Colossus project, confirming it as a leading rare earth project globally with robust financial metrics. The project demonstrates strong economics with a 20-year life of mine, showcasing a pre-tax NPV8 of up to USD 1.43 billion and annual EBITDA of USD 114 million at current spot prices. The study highlights the project’s resilience to market fluctuations, low operational costs, and potential for resource expansion, positioning it as a significant player in the rare earth market. Additionally, the project boasts exceptional environmental credentials, utilizing sustainable practices and renewable energy sources.
More about Viridis Mining and Minerals Limited
Viridis Mining and Minerals Limited operates in the mining industry, focusing on the extraction and production of rare earth elements. The company is engaged in developing projects that emphasize high-value rare earth products with a strong market demand.
YTD Price Performance: -3.03%
Average Trading Volume: 167,404
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$787.7K
See more insights into VMM stock on TipRanks’ Stock Analysis page.