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Viridis Mining and Minerals Limited (ASX:VMM)

ALERT: Price-sensitive ASX Announcement for VMM
Current share price for VMM : $4.350 0.14 (3.33%)+
Announcement
Release
20 Aug 2026 9:50AM
Price at Release
$4.210
Full Release
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Summary
Viridis Mining and Minerals Limited has announced securing up to US$120 million in strategic equity funding to advance its Colossus Project. The funding, which includes significant commitments from One Investment Management, ORE Investments, and Régia Capital, will support the transition of the Colossus Project from its Definitive Feasibility Study phase into execution. This funding addresses the full equity requirement under the project's targeted financing structure of 70% senior debt and 30% equity, facilitating key project activities such as EPCM contract mobilization, procurement of long-lead equipment, and further operational enhancements in Brazil. The initiative underlines the strategic importance of Colossus in Brazil's emerging rare earth supply chain.
Key Points
  • Viridis Mining and Minerals Limited secured up to US$120 million strategic equity funding for the Colossus Project.
  • The funding includes investments from One Investment Management (OneIM), ORE Investments Ltda., Régia Capital Ltda., and other strategic investors.
  • OneIM committed up to US$75 million in equity funding across two tranches.
  • ORE/Régia accelerated an additional US$5 million tranche with an option for US$20 million more under existing arrangements.
  • Strategic equity funding ensures the equity component for the Colossus Project is fully addressed, enabling the project to move from feasibility into execution.
  • The financial structure targets a mix of 70% senior debt and 30% equity based on the US$449 million development capital estimate.
  • Viridis aims for construction commencement following financial close in Q4 2026.
  • Strategic backing from investors emphasizes the importance of the Colossus Project for Brazil's rare earth industry.
  • Key activities funded include EPCM contract mobilization, equipment ordering, and continued operations in Brazil.
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.