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Viridis Mining and Minerals Limited
(Sydney:VMM)
Viridis Mining and Minerals Limited (VMM) vs. iShares MSCI Australia ETF (EWA)
Viridis Mining and Minerals Limited Business Overview & Revenue Model
Viridis Mining and Minerals Limited Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 40.61K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -37.01K | 40.61K | -53.03K | -2.99K | 0.00 | 0.00 |
| EBITDA | -5.71M | -6.67M | -726.34K | -1.28M | -103.00 | 200.00 |
| Net Income | -6.55M | -8.31M | -814.23K | -1.35M | -116.48K | -4.16K |
Balance Sheet | ||||||
| Total Assets | 4.40M | 21.68M | 4.66M | 4.70M | 5.48M | 74.44K |
| Cash, Cash Equivalents and Short-Term Investments | 3.16M | 5.23M | 1.24M | 3.92M | 5.01M | 67.96K |
| Total Debt | 153.22K | 294.00K | 128.22K | 10.27K | 0.00 | 0.00 |
| Total Liabilities | 223.81K | 979.62K | 815.89K | 93.57K | 128.55K | 46.78K |
| Stockholders Equity | 4.18M | 20.70M | 3.84M | 4.60M | 5.35M | 27.66K |
Cash Flow | ||||||
| Free Cash Flow | -17.35M | -12.88M | -2.53M | -1.05M | -47.33K | ― |
| Operating Cash Flow | -1.99M | -1.83M | -687.70K | -725.46K | -47.33K | ― |
| Investing Cash Flow | -21.12M | -11.04M | -1.86M | -319.88K | 0.00 | 0.00 |
| Financing Cash Flow | 15.75M | 17.06M | -77.17K | 4.70M | 234.62K | 0.00 |
Viridis Mining and Minerals Limited Technical Analysis
Viridis Mining and Minerals Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
57 Neutral | £2.72B | 4.90 | -9.97% | 3.95% | -1.19% | -6.71% | |
48 Neutral | $84.17M | ― | -15.37% | ― | ― | -34.41% | |
46 Neutral | AU$155.13M | 87.14 | 1.05% | ― | ― | ― | |
46 Neutral | AU$78.53M | ― | -182.18% | ― | ― | 45.43% | |
37 Underperform | AU$44.40M | ― | -40.72% | ― | ― | 3.82% |
Viridis Mining and Minerals Limited Corporate Events
Viridis Mining and Minerals Limited announced a significant 140% increase in the Mineral Resource Estimate for its Colossus Project, establishing it as the largest and highest-grade MREO resource globally. The company released a Scoping Study highlighting the project’s strong economic potential, with a 20-year mine life and robust financial metrics, even at lower market prices. Additionally, Viridis achieved key environmental and regulatory milestones, raised $3.5 million for further development, and noted the strategic importance of its project amidst new export restrictions on rare earths by China.
Viridis Mining and Minerals Limited announced the successful passage of all resolutions at its 2025 Extraordinary General Meeting. The resolutions, which were voted on by a poll, included the ratification of prior share placements and director participation in these placements. This outcome reflects shareholder support for the company’s strategic decisions and may positively impact its operational and financial strategies moving forward.
Viridis Mining and Minerals Limited has highlighted the strategic importance of its Colossus IAC Project in light of China’s new export restrictions on rare earth elements. These restrictions underscore Colossus’s potential to become a critical supplier of Dysprosium and Terbium, elements in which China currently dominates the global market. The project is poised to capture a significant share of the market, offering a secure alternative supply outside of China, which is crucial for industries reliant on these materials.
Viridis Mining and Minerals Limited has announced a General Meeting of shareholders scheduled for April 24, 2025, in Perth. The meeting will address resolutions affecting shareholder interests, with voting available in person, by proxy, or online. The company emphasizes electronic communication to enhance efficiency and reduce costs, encouraging shareholders to register for digital updates.
Viridis Mining and Minerals Limited reported a reduced net loss of $1,979,006 for the half-year ending December 31, 2024, compared to the previous year’s loss of $3,746,423. The company raised A$4 million through a share placement and increased its capitalized exploration expenditure, resulting in net assets of $23,136,639. Despite increased corporate costs, the company managed to decrease administration expenses and share-based payments significantly.
Viridis Mining and Minerals Limited has announced the results of its Scoping Study for the Colossus Rare Earth Element Project, highlighting its potential as a globally significant source of rare earth elements. The study reveals strong economic indicators, including a pre-tax NPV of US$1.43 billion and a 43% IRR, along with a 20-year mine life and competitive cost structure. The project is positioned for premium market pricing due to its high-value product composition and potential strategic partnerships, leveraging renewable energy and existing infrastructure.
Viridis Mining and Minerals Limited has announced a scoping study for its Colossus project, confirming it as a leading rare earth project globally with robust financial metrics. The project demonstrates strong economics with a 20-year life of mine, showcasing a pre-tax NPV8 of up to USD 1.43 billion and annual EBITDA of USD 114 million at current spot prices. The study highlights the project’s resilience to market fluctuations, low operational costs, and potential for resource expansion, positioning it as a significant player in the rare earth market. Additionally, the project boasts exceptional environmental credentials, utilizing sustainable practices and renewable energy sources.
Viridis Mining and Minerals Limited has requested a trading halt on its securities pending an announcement related to a Scoping Study. This temporary halt is expected to last until the release of the announcement or the resumption of normal trading on February 25, 2025. The halt indicates a significant development concerning the company’s operations, which could potentially impact stakeholders by providing new insights into its project evaluations.
Viridis Mining and Minerals Ltd has announced its Colossus Ionic Clay Project located in the Poços De Caldas Alkaline Complex, marking a significant step in exploring rare earth elements. This project underscores the company’s strategic direction to unlock new frontiers in mineral exploration, potentially enhancing its industry positioning and offering growth opportunities for stakeholders.
Viridis Mining and Minerals Limited has issued 499,999 fully paid ordinary shares following the exercise of performance rights, as per the cleansing notice dated 12 February 2025. The shares were issued without disclosure to investors under specific provisions of the Corporations Act 2001, and the company remains in compliance with relevant regulations, which indicates a streamlined approach to expanding its shareholder base while adhering to statutory requirements.
Viridis Mining and Minerals Limited announced the application for quotation of 499,999 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move could enhance the company’s liquidity and market presence, potentially benefiting stakeholders by increasing the firm’s share capital and providing more trading opportunities.
Viridis Mining and Minerals Limited announced the quotation of 530,304 fully paid ordinary securities on the Australian Securities Exchange as of February 11, 2025. This move is part of previously announced transactions, potentially impacting the company’s market presence and providing stakeholders with more investment opportunities.
Viridis Mining and Minerals Limited announced the issuance of new unquoted equity securities, comprising Class Q, R, S, and T Performance Rights, each with a five-year expiration period. This issuance, part of an employee incentive scheme, highlights the company’s strategic move to enhance employee engagement and potentially strengthen its market position by aligning employee interests with long-term company goals.
Viridis Mining and Minerals Limited announced the issuance of 9,108,445 fully paid ordinary shares as part of its latest capital raising effort. This move, conducted without disclosure to investors by relying on specific provisions of the Corporations Act 2001, reflects the company’s compliance with corporate regulations, potentially enhancing its financial position and market operations.