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Viridis Mining and Minerals Limited (ASX:VMM)

ALERT: Price-sensitive ASX Announcement for VMM
Current share price for VMM : $3.370 -0.41 (-10.85%)+
Announcement
Release
22 Jun 2026 8:51AM
Price at Release
$3.780
Full Release
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Summary
European Union Commissioner for International Partnerships, Jozef Síkela, visited Viridis Mining and Minerals Limited's Colossus Rare Earth Project in Brazil as part of an official EU mission before the EU-Brazil Investment Forum. The visit underscored discussions on establishing secure critical minerals supply chains between Brazil and Europe, highlighting the Colossus Project's role in supporting Europe's industrial and energy transition objectives. The visit, including representatives from the European Investment Bank and the EU Delegation to Brazil, provided an opportunity for discussions on potential support mechanisms for strategic projects like Colossus. This aligns with broader policy priorities discussed at the G7 Critical Minerals Investment Forum, focused on building trusted supply chains and supporting significant projects through public-private initiatives.
Key Points
  • European Union Commissioner Jozef Síkela visited the Colossus Project on June 20, 2026.
  • The visit was part of the EU delegation's mission to Brazil before the EU-Brazil Investment Forum.
  • The delegation included representatives from the European Investment Bank and the EU Delegation to Brazil.
  • The visit highlighted discussions on rare earth supply chains between Brazil and Europe.
  • Viridis Mining and Minerals Limited aims to support Europe's industrial and energy transition objectives.
  • Strategic offtake partner Solvay is involved with Viridis in supporting rare earth industrialisation in Brazil.
  • The Colossus Project is positioned as a significant rare earth development with the potential to support strategic mineral supply chains.
  • There are ongoing discussions on potential support mechanisms for the Colossus Project.
  • The visit aligns with G7 Critical Minerals Investment Forum discussions on trusted supply chains.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.