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Viridis Mining and Minerals Limited (ASX:VMM)

ALERT: Price-sensitive ASX Announcement for VMM
Current share price for VMM : $4.210 0.97 (29.94%)+
Announcement
Release
24 Jul 2026 9:26AM
Price at Release
$3.240
Full Release
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Summary
Viridis Mining and Minerals Limited, a company focused on resource exploration and development, reported its Quarterly Activities/Appendix 5B Cash Flow Report for the quarter ended 30 June 2026. The report highlights significant exploration activities across various projects, such as the Colossus Project for Rare Earth Elements in Brazil, and gold exploration in the South Kitikmeot Project in Canada. During the quarter, the company reported a net cash outflow from operating activities of $1.269 million and from investing activities of $8.344 million. Financing activities resulted in a net cash inflow of $435,000, primarily due to the issuance of equity securities. Additionally, the company emphasized its focus on projects in Australia, such as the Boddington West and Bindoon projects, which are prospective for gold and nickel, copper, and platinum group elements respectively.
Key Points
  • Viridis reported significant exploration activities across Australian, Brazilian, and Canadian projects.
  • Net cash outflow from operating activities was $1.269 million for the quarter.
  • Net cash outflow from investing activities amounted to $8.344 million.
  • Financing activities resulted in a net cash inflow of $435,000.
  • Issuance of equity securities was a major component of financing activities.
  • Exploration expenditure during the quarter was $5.1 million.
  • Focus on projects like Colossus in Brazil for Rare Earth Elements and gold exploration in South Kitikmeot, Canada.
  • Key Australian projects include Boddington West and Bindoon, with prospects for gold, nickel, copper, and platinum group elements.
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.