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Viridis Mining Enters Nonbinding Letter of Intent With Solvay for Proposed Supply From Brazil Rare Earth Project

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Viridis Mining and Minerals (ASX:VMM) entered into a nonbinding letter of intent with Solvay regarding the proposed supply of mixed rare earth carbonate (MREC) from its Colossus rare earth project in Brazil, according to a Tuesday Australian bourse filing.

The letter includes proposed offtake arrangements and a technical package, the filing said. It also provides a structured pathway for the companies to progress development milestones required to accelerate development of the project and support commercial MREC production from Brazil by 2028.

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