Viridis Mining and Minerals Limited ( (AU:VMM) ) has shared an announcement.
Viridis Mining and Minerals Limited announced a significant 140% increase in the Mineral Resource Estimate for its Colossus Project, establishing it as the largest and highest-grade MREO resource globally. The company released a Scoping Study highlighting the project’s strong economic potential, with a 20-year mine life and robust financial metrics, even at lower market prices. Additionally, Viridis achieved key environmental and regulatory milestones, raised $3.5 million for further development, and noted the strategic importance of its project amidst new export restrictions on rare earths by China.
More about Viridis Mining and Minerals Limited
Viridis Mining and Minerals Limited is a company operating in the mining industry, focusing on the extraction and development of rare earth elements. The company is primarily engaged in the Colossus IAC Rare Earth Project, which is positioned as a leading source of rare earth elements, particularly in ionic adsorption clay deposits.
YTD Price Performance: -6.06%
Average Trading Volume: 337,211
Technical Sentiment Signal: Buy
Current Market Cap: A$26.43M
For detailed information about VMM stock, go to TipRanks’ Stock Analysis page.