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The latest announcement is out from Viridis Mining and Minerals Limited ( (AU:VMM) ).
Viridis Mining and Minerals Limited has received a Letter of Interest from Export Development Canada for potential debt financing of up to US$100 million to support the Colossus Rare Earths Project in Brazil. This endorsement highlights the project’s strategic importance in diversifying Western rare earth supply chains and aligns with international priorities. The company’s integrated funding strategy, involving major financiers like EDC, Bpifrance, and BNDES/FINEP, positions Viridis to secure full project financing, advancing towards a Final Investment Decision by Q3 2026.
The most recent analyst rating on (AU:VMM) stock is a Buy with a A$2.65 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 resource exploration and development company with assets in Brazil, Canada, and Australia. The company’s projects include the Colossus Project for rare earth elements, the South Kitikmeot Project for gold exploration, the Boddington West Project for gold, the Bindoon Project for nickel, copper, and platinum group elements, and the Poochera and Smoky Projects for kaolin-halloysite.
Average Trading Volume: 992,283
Technical Sentiment Signal: Buy
Current Market Cap: A$137.5M
See more insights into VMM stock on TipRanks’ Stock Analysis page.