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Viridis Mining and Minerals Limited (ASX:VMM)

ALERT: Price-sensitive ASX Announcement for VMM
Current share price for VMM : $3.770 -0.44 (-10.45%)+
Announcement
Release
20 Aug 2026 9:50AM
Price at Release
$4.210
Full Release
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Summary
The Definitive Feasibility Study (DFS) for Viridis Mining and Minerals Limited's Colossus Rare Earth Project in Brazil confirms its bankability and execution readiness. The study highlights a technically robust, commercially attractive, and finance-ready development pathway. Key enhancements include an upgraded mixed rare earth carbonate (MREC) refining circuit to produce higher-value products. The project benefits from strong governmental support in Brazil, advanced procurement activities, and established strategic partnerships. The DFS supports a 25-year production target with significant potential for future growth. Viridis aims to commence construction with all necessary licenses in place and strategic funding secured.
Key Points
  • Colossus DFS confirms project bankability and execution readiness.
  • Upgraded MREC refining circuit enhances product value.
  • Strong governmental support and strategic partnerships in Brazil.
  • 25-year production target with future growth potential.
  • Advanced procurement and strategic funding secured.
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.