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An announcement from Viridis Mining and Minerals Limited ( (AU:VMM) ) is now available.
Viridis Mining and Minerals has secured approval of its Environmental Impact Assessment and Report and been granted the key Preliminary License by the State of Minas Gerais for its Colossus Rare Earth Project, formally confirming the project’s environmental feasibility and design. As the most complex and time-intensive stage of Brazil’s three-step environmental licensing process, this approval materially de-risks development, clears the pathway for the Installation License, and strengthens Viridis’ ability to advance mine planning on its enlarged northern concessions, engage with offtake partners and financiers, and progress toward a final investment decision and construction start targeted for the second half of 2026, with operations planned to begin in 2028.
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 an Australia-based resources company focused on developing the Colossus Rare Earth Project in the Poços de Caldas region of Minas Gerais, Brazil. The project targets ionic clay-hosted rare earths, positioning Viridis within the strategic critical minerals supply chain as it seeks to build a globally competitive, ESG-aligned operation serving high-value technology and energy transition markets.
Average Trading Volume: 983,477
Technical Sentiment Signal: Sell
Current Market Cap: A$98.15M
See more data about VMM stock on TipRanks’ Stock Analysis page.