FINWIRES · TerminalLIVE
FINWIRES

ASX:VMM

8 stories mentioning ASX:VMMUpdated 14d ago

Every FINWIRES story that references ASX:VMM, newest first.

Asia

Viridis Mining Signs Binding Agreement with Electricity Distributor for Brazil Rare Earth Project Power Transmission Infrastructure

Viridis Mining and Minerals (ASX:VMM) signed a binding agreement with a municipal electricity distributor to deliver a dedicated power transmission infrastructure necessary to connect the Colossus rare earth project to the Brazilian electricity grid, according to a Thursday Australian bourse filing.The agreement includes the licensing, engineering, procurement, and construction of a dedicated 3.2-kilometer, 138-kilovolts high-voltage transmission connection from the nearby Saturnino substation to the Colossus project, as well as an initial reserved power allocation of 27 megawatts to support stage one operations.It secured reserved grid capacity commencing from December 2027. It also received tenders for key electrical infrastructure packages, including power transformers, electrical switch rooms, and associated process plant infrastructure.The connection works package is valued at around 3.97 million Brazilian real, per the filing.

ASX:VMM
Asia

Viridis Mining and Minerals Executes Arguably 'Most Significant' Developemnet to Date for Brazil Project, Says Euroz Hartleys

Viridis Mining and Minerals' (ASX:VMM) non-binding Letter of Intent with Solvay is arguably the "most significant" development for the Colossus project to date, according to a Tuesday Euroz Hartleys note.The company on Tuesday said it 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.The development is a transformational catalyst for the company, the note said, as it added that Solvay is targeting supplying 30% of the European market for magnet metals by calendar 2030, with Colossusevidently selected as Solvay's preferred source of MREC from calendar 2028.Euroz Hartleys maintained a speculative buy rating on Viridis Mining and Minerals and a price target of AU$5.The company's shares fell 8% in recent Tuesday trade.

ASX:VMM
Asia

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

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.

ASX:VMM
Asia

Viridis Mining and Minerals Delivers First MREC Output in Brazil as Project Advances Toward FID, Euroz Hartleys Says

Viridis Mining and Minerals (ASX:VMM) has produced its first batch of mixed rare earth carbonate (MREC) from its operational demonstration plant in Brazil, marking a key step toward offtake discussions and a targeted final investment decision (FID) in the second half of the year, Euroz Hartleys said in a Tuesday note.The plant, based on the company's pre-feasibility study flowsheet, is processing ore from the Colossus Northern Concessions intended to supply the first five years of mining operations, with a capacity of 100 kilograms of ore feed per hour and a daily output of around 8 kilograms of MREC.Euroz said the operation will optimize the processing flowsheet and refine the assumptions for the definitive feasibility study, which is expected in June.The firm highlighted Colossus's growing strategic role in Western supply chains, noting it is one of only two rare earth projects under European Commission review for potential investment support.Euroz Hartleys noted that the company has lodged the installation license application for Colossus with the Minas Gerais environmental agency, advancing to the second stage of its three-step approval process, with approval expected to enable construction and support a targeted second-half FID.The firm has lifted its valuation outlook on the company, citing improved funding assumptions and stronger neodymium-praseodymium pricing dynamics that it says are driving a scarcity premium for large non-Chinese rare earth projects.Euroz Hartleys retained its speculative buy rating on Viridis Mining and raised its price target to AU$5 per share from AU$4.10 per share.

ASX:VMM
Asia

Viridis Mining and Minerals Produces First Mixed Rare Earth Carbonate Product at Brazil Plant

Viridis Mining and Minerals (ASX:VMM) manufactured the first batch of high-grade mixed rare earth carbonate at its demonstration plant in Poços de Caldas, Brazil, according to a Tuesday filing with the Australian bourse.The plant is currently processing ionic clay feed sourced from the Colossus Project Northern Concessions, with the ore feed expected to support the proposed mine plan's early years.As the demonstration plant is now operational, Viridis plans to advance key initiatives, including producing mixed rare earth carbonate samples "for potential offtake partners currently in advanced discussions," the company said."Very few Western rare earth companies possess the in-house capability to continuously process ionic clay material at scale, into a saleable [mixed rare earth carbonate] product," said Viridis Managing Director Rafael Moreno.

ASX:VMM
Asia

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

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.

ASX:VMM
Asia

Viridis Mining and Minerals Completes Drilling to Update Brazil Rare Earth Project Mineral Resource Estimate

Viridis Mining and Minerals (ASX:VMM) completed an infill drilling campaign aimed at updating the mineral resource estimate for the Colossus rare earth project in Brazil, according to a Friday Australian bourse filing.The campaign was primarily focused on the Northern Concessions prospect to convert indicated and inferred resources into the measured category.It encountered intercepts of eight meters at 7,076 parts-per-million grade of total rare earth oxides, including 167 ppm grade of dysprosium-terbium, as well as 16 meters at 7,434 ppm grade of total rare earth oxides, including 188 ppm grade of dysprosium-terbium.Its shares fell 2% in recent trading on Friday.

ASX:VMM
Asia

Viridis Mining and Minerals Expected to Benefit from Sector M&A Activity, Says Euroz Hartleys, Shares Hit All-Time High

Viridis Mining and Minerals (ASX:VMM) is expected to benefit from mergers and acquisition activity in the rare earth sector following USA Rare Earth's acquisition of Serra Verde, said Euroz Hartleys in a Tuesday note.The research firm called the deal a "major" sector development with significant implications for Brazilian ionic adsorption clay companies.Euroz Hartleys maintained its speculative buy rating on Viridis Mining and Minerals with a price target of AU$4.10.The company's shares rose 31% to its all-time high in recent Tuesday trade.

ASX:VMM

Track with the FINWIRES app suite

FolioX
FolioX
Track ASX:VMM in your portfolio
WheelAI
WheelAI
Analyze ASX:VMM options with the wheel strategy
StockInsider
StockInsider
See market sentiment on ASX:VMM