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Viridis Mining and Minerals Submits Installation License Application for Brazil Rare Earth Project

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Viridis Mining and Minerals (ASX:VMM) submitted an installation license application for its flagship Colossus rare earth project in Brazil, according to a Tuesday filing with the Australian bourse.

The submission follows the approval of a preliminary license in December 2025.

Approval of the installation license by the State Environmental Agency of Minas Gerais would allow for the start of construction and site development activities, the company said.

A final investment decision for the Colossus project is targeted for the second half of this year.

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