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Viridis Mining and Minerals Limited ( (AU:VMM) ) has provided an update.
Viridis Mining and Minerals Limited has entered into a strategic partnership with Brazilian asset management firms ORE Investments Ltda. and Régia Capital Ltda., securing up to US$30 million in funding for its Colossus Rare Earth Project. This partnership, structured through a binding Memorandum of Understanding, provides a staged investment framework to support the project through key milestones, enhancing Viridis’ position in the global rare earths market and offering strategic local support for project financing and execution.
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 is primarily engaged in the exploration and advancement of its flagship Colossus Rare Earth Project in Brazil, aiming to supply high-growth sectors such as electric vehicles, renewables, and advanced technologies.
Average Trading Volume: 536,915
Technical Sentiment Signal: Buy
Current Market Cap: A$86.22M
For an in-depth examination of VMM stock, go to TipRanks’ Overview page.