VMM - Viridis Mining and Minerals

System · 17 January 2022

Viridis Mining and Minerals Limited is a resource exploration and development company that aims to exploit a range of projects in Canada and Australia. The Company is party to acquisition agreements under which:

(a) the Company has a right to earn up to a 100% interest in claims making up the South Kitikmeot Gold Project, in the Nunavat Region in Canada; and

(b) the Company will acquire three Australian incorporated companies that hold tenements and tenement applications making up the Boddington West Gold and Bindoon Nickel-Copper-PGE Projects in Western Australia, the Poochera Kaolin-Halloysite Project in South Australia and the Smoky Kaolin-Halloysite Project in New South Wales,

It is anticipated that VNM will list on the ASX during January 2022.

Viridis Mining & Minerals

Viridis Mining and Minerals Limited (ASX:VMM) is a resource exploration and development company with assets in Brazil, Canada & Australia.

viridismining.com.au

Dona Ferentes · 17 January 2022

Listing date	19 January 2022 12:30 PM AEDT ##
Company contact details	https://viridismining.com.au/ Ph: (03) 9071 1847
Principal Activities	Mining exploration
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	VNM
Capital to be Raised	$5,500,000
Expected offer close date	21 December 2021
Underwriter	Not underwritten. Sixty Two Capital Pty Ltd (Lead Manager).

debtfree · 31 October 2023

Good Morning @Joe Blow

VMM came up on a scan so I went looking for it in ASF, I couldn't find it but I ending up finding VNM - Viridis Mining and Minerals.

I think it has the wrong thread title, my thoughts are that it should have been VMM - Viridis Mining and Minerals. Might need an adjustment in the title.

Joe Blow · 31 October 2023

debtfree said:
Good Morning @Joe Blow

VMM came up on a scan so I went looking for it in ASF, I couldn't find it but I ending up finding VNM - Viridis Mining and Minerals.

I think it has the wrong thread title, my thoughts are that it should have been VMM - Viridis Mining and Minerals. Might need an adjustment in the title.

I have edited the thread title and corrected the ASX code.

Dona Ferentes · 31 October 2023

and what a quiet achiever it has been,
....Raised capital, getting on with the job.
.
Highlights
- Viridis has received firm commitments in a heavily oversubscribed placement to raise A$3.09 million through an equity issue of 3,250,000 shares at $0.95 to institutional and sophisticated investors. Sixty-Two Capital Pty Ltd provided cornerstone investment in the placement for a total of A$1.0 million.
- Funds will primarily be used to expand and progress Phase I & II exploration programs at the Colossus Ionic Adsorption Clay REE Project, located in the Poços de Caldas Alkaline Complex. Furthermore, funds will be used to conduct optimised metallurgical studies, scout drilling, and progress the Company towards a maiden JORC compliant resource estimate.
- Over 135 holes completed to date and sent to SGS-GEOSOL, with assays expected in November 2023. This includes diamond holes which have intersected clays up to a thickness of 87m
. Drilling continues to progress swiftly with 100% success rate in intercepting clays with all holes to date.
- The Company is extremely pleased with the strong investment interest received by new and existing shareholders.

frugal.rock · 20 November 2023

Needs a ROO behind the V.

frugal.rock · 20 November 2023

debtfree said:
VMM came up on a scan

divs4ever · 28 September 2024

VMM is my October 2024 comp. pick

and one to watch for a truly educational course ( i won't be putting even one cent near this )

however TRADERS might find this worthy of placing it on the watch list as Bell Potter has started covering it with a $1.70 price target ( i assume within the next 12 months )

it has rare earths and uranium projects in Brazil , Canada , and Australia

no sales , no earnings , but plenty of buzzwords and a trade war with Russia and China in progress , so the West will throw subsidies at this , and there will be cap. raises ( and presentations )

i can hear the sizzle from here ( and am half-deaf )

i do NOT hold this share ( but may watch with morbid fascination )

divs4ever · 28 September 2024

oh crap , and i didn't even get to this part

Australia – VMM has interests in projects across South Australia, Western Australia and New South Wales.
The Poochera project (100%) is a Halloysite-Kaolin exploration project in the Eucla Basin.
Situated north of the Great White Deposit (34.6Mt @ 40.9% Kaolinite &5.3% Halloysite) and 20km north east of the Hammerhead Deposit (51.5mt @ 42.7%Kaolinite & 6.5% Halloysite).
The Bindoon (100%) exploration project in WA, is a Nickel,Copper, Platinum project proximal to the Julimar Nickel/PGE project, and consists of one exploration licence and two licence applications.
The Boddington West project (100%) is a greenfield exploration gold project in WA, adjacent to the Boddington Gold.
Reprocessing of aeromagnetic and radiometric surveys identified a series of north-west trending diorite intrusives that traverse the Boddington Gold mine and continue to the Boddington West project tenements.
The Smokey project (100%) is a series of exploration licences focused on Halloysite & Kaolin in the Hunter Valley region in NSW

so many projects and so little income

frugal.rock · 6 November 2024

Dona Ferentes said:
shares are 1c (IXR)
...
and if they're looking further afield, it's a fair call that Ugandan efforts are sub-economic.

BRAZILIAN JOINT VENTURE VIRIDION SIGNS MOU WITH SENAI FEIMG TO ESTABLISH SECURE BRAZILIAN MAGNET SUPPLY CHAIN

Viridion integration into Brazilian rare earth market to facilitate near term NdFeB magnet production capacity
• IonicRE joint venture with Viridis Mining and Minerals Ltd (ASX: VMM), “Viridion” signs Memorandum of Understanding with SENAI FIEMG Innovation and Technology Centre of Minas Gerais, owner and operator of Lab Fab, the first rare earth magnet laboratory in South America;
• Transformational JV agreement has Viridion strategically placed to become the first Brazilian producer of refined Rare Earth Oxides from either a Mixed Rare Earth Carbonate or from recycling of spent magnets using IP from IonicRE’s 100% owned UK subsidiary, Ionic Technologies;
• Viridion to launch Scoping Studies for the REO Refinery and Magnet Recycling facilities in January 2025, following Viridis completing production of MREC from its Southern Concessions at Colossus;
• Several potential locations under review to support pilot plants for both the REO Refinery and the magnet recycling facilities near existing Viridis operations in Poços de Caldas, Minas Gerais;
• Agreement to target developing rare earth magnets at Lab Fab facility in Lagoa Santa, Belo Horizonte, an immediate and near-term local source of magnet REO.

Ionic Rare Earths Limited is advancing its integration into the Brazilian magnet supply chain, with the Company’s Viridion joint venture with Viridis Mining and Minerals (ASX:VMM) signing a five-year Memorandum of Understanding with SENAI FIEMG Innovation and Technology Centre, owner of Lab Fab, South America’s first rare earth magnet laboratory.

Signed recently in Perth, Western Australia during a state visit, the agreement establishes a basis for cooperation between Viridion and SENAI Regional Department, with a view to jointly develop an produce rare earth magnets at Lab Fab, in the Brazilian state of Minas Gerais, by identifying activities of common interest between the parties:
• Supply of raw materials by Viridion for pilot production of rare earth magnets;
• Promote actions to strengthen the parties and, consequently, their relations with industries interested in these technologies;
• Develop joint projects of applied research, assessment activities, experiments, training, consulting and specialised technological services;
• Implement other joint activities and programs, as well as pilot and experimental programs in areas and subjects of mutual interest and benefit that may be agreed upon between the parties.

From IXR thread, courtesy of @Dona Ferentes , with thanks.

Dona Ferentes · 6 November 2024

1 .. 2 ..️

Dona Ferentes · 9 April 2025

$19 Million market cap
$0.24
.
- China’s Ministry of Commerce and the General Administration of Customs under Article 12 of the Export Control Law, have tightened control over global rare earth supply by introduction of new export restrictions set to disrupt industries dependent on critical REEs.
-China’s Ministry of Commerce will place seven medium and heavy rare earths on an export control list: Dysprosium (Dy), Terbium (Tb), Samarium (Sm), Gadolinium (Gd), Lutetium (Lu), Yttrium (Y), Scandium (Sc).
- The Colossus Resource comprises the highest grades of Dysprosium and Terbium within Measured and Indicated categories for an Ionic Adsorption Clay REE project globally, and as one of only a handful of advanced projects capable of delivering strong economics and ESG performance at today’s subdued rare earth prices, Viridis is uniquely positioned to help address critical supply chain vulnerabilities
- As per the Colossus Scoping Study, the first 5-years of production of Colossus anticipates an average of 146 tonnes per annum of Dy-Tb production. Whereas, the next 5 years of production anticipates an average of 156 tonnes per annum of Dy-Tb production. This far exceeds peers, reaffirming the strategic value present at Colossus as a new critical supplier for export controlled and Chinese dominated REEs.
.
choose me, choose me

Dona Ferentes · 21 April 2025

frugal.rock said:
Needs a ROO behind the V.

vroomm?

who oska?

Dona Ferentes · 28 July 2025

Dona Ferentes said:
vroomm?

.
now in a TH pending the release of an announcement by the Company regarding a capital raising.
.
ASX Release: 28 July 2025
Highlights
- Viridis Mining and Minerals Limited and its joint venture entity Viridion Pty Ltd, have been selected by two of Brazil’s leading development institutions, BNDES (Brazilian National Bank for Economic and Social Development) and FINEP (Federal Agency for Studies and Projects), to progress with a Joint Support Plan in line with the proposal submitted by the Company on 30 April 2025.
- Viridis was officially selected by BNDES and FINEP, on 12 June 2025, to progress to the next phase of the strategic minerals funding initiative. Following high-level meetings with both agencies, Viridis is pleased to confirm its inclusion in a PSC, positioning the Company to potentially receive significant funding to fast-track the development of its Colossus Project and integrated downstream refining and recycling operations.

09 July Highlights
- Viridis has completed a detailed Pre-Feasibility study for its flagship Colossus Project and delivered global benchmark economics based on a conservative 20-year Life of Mine, at both current spot pricing and long-term average forecast price:
• Pre-tax NPV8 of approximately US $1.41 billion (AUD $2.14 billion)
| ...Based on a conservative long-term average forecast price assumption of US $90/kg NdPr for its Base Case.
• Pre-tax NPV of approximately US $773 million (AUD $1.17 billion)
| ...Based on a spot price of US $63/kg NdPr for its Current Spot Case.
• Average Annual Operating Cash Flow of approximately US $128 million (AUD $194 million) at spot price of US $63/kg NdPr, and rising to US $197 million (AUD $298 million) at base case forecast pricing.
- Colossus is now the first rare earth project in South America to deliver a PFS, marking a major development milestone. With environmental permitting progressing rapidly and strong project economics confirmed, Colossus stands out as the most advanced and financially robust rare earth development in the region.

VMM - Viridis Mining and Minerals

System

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