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Viridis Secures AU$11.5M to Propel Colossus Rare Earth Project

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Viridis Secures AU$11.5M to Propel Colossus Rare Earth Project

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The latest announcement is out from Viridis Mining and Minerals Limited ( (AU:VMM) ).

Viridis Mining and Minerals Limited has successfully raised AU$11.5 million through a placement at a premium, highlighting strong institutional interest in its Colossus Rare Earth Project. The funds will be used to accelerate the project’s development, including the construction of a demonstration plant and further exploration. The placement, alongside strategic partnerships and government support, positions Viridis to fast-track the Colossus Project and establish a significant rare earth supply chain. The company’s strengthened financial position and strategic endorsements underscore its potential to become a leading supplier in the global energy transition.

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 operates in the mining industry, focusing on the development of rare earth projects. The company’s primary project is the Colossus Rare Earth Project, which aims to establish a vertically integrated rare earth supply chain outside of China. Viridis is strategically positioned within Brazil’s critical minerals framework and is advancing its operations with a focus on rare earth oxides.

Average Trading Volume: 539,584

Technical Sentiment Signal: Buy

Current Market Cap: A$86.22M

For a thorough assessment of VMM stock, go to TipRanks’ Stock Analysis page.

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