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Viridis Mining and Minerals Limited ( (AU:VMM) ) just unveiled an update.
Viridis Mining and Minerals has cleared a major permitting hurdle at its Colossus Rare Earth Project in Brazil, securing approval of its environmental impact studies and the key Preliminary License from the State of Minas Gerais, which confirms environmental viability and materially de-risks the development timeline toward construction targeted for the second half of 2026. The license covers the company’s enlarged northern concessions hosting a 215Mt mineral resource with some of the highest recorded Dy-Tb oxide grades in the district, while a suite of financing advances—including support letters from multiple export credit agencies and the commencement of a US$30 million strategic equity investment from Brazilian asset managers ORE and Régia—together with the appointment of a seasoned capital markets non-executive director, strengthen Viridis’ funding pathway, strategic positioning and execution capacity as it moves toward a final investment decision.
The most recent analyst rating on (AU:VMM) stock is a Hold with a A$2.00 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 an ASX-listed resources company focused on the exploration and development of rare earth elements, with its flagship Colossus Ionic Adsorption Clay Rare Earth Project located in the Poços de Caldas region of Minas Gerais, Brazil. The company targets the growing global market for critical minerals, particularly heavy rare earths such as dysprosium and terbium, positioning itself as a strategic supplier to Western supply chains from a large-scale, environmentally permitted resource base.
Average Trading Volume: 978,863
Technical Sentiment Signal: Buy
Current Market Cap: A$209.6M
Find detailed analytics on VMM stock on TipRanks’ Stock Analysis page.