Viridis Mining and Minerals Limited (ASX: VMM) is an Australian mineral exploration and development company headquartered in Perth. It focuses on the acquisition, exploration and development of mineral properties, with emphasis on rare earth elements. Its flagship asset is the Colossus ionic adsorption clay rare earth project in Minas Gerais, Brazil.
The company also holds exploration interests in Australia and Canada. In June 2026, Viridis signed a letter of intent with Solvay to supply rare earth feedstocks from Brazil to Solvay’s La Rochelle separation plant in France, targeting magnet-grade elements including neodymium, praseodymium, dysprosium and terbium. The company reported first production of mixed rare earth carbonate from a demonstration plant in 2026 and is advancing permitting and infrastructure for a potential final investment decision in the second half of 2026.
Also known as Viridis Mining and Minerals, ASX:VMM, and Viridis Mining & Minerals Limited.
Q2 organic sales -7.4%, EBITDA margin 18.1%; H1 FCF €15m and net debt €1.8bn; full‑year EBITDA guidance €770–850m and FCF ≥€200m; La Rochelle rare‑earth expansion €15–20m.
LOI aims to deliver Brazilian rare-earth feedstock to a French separation plant by 2028, supporting magnet-grade Nd/Pr/Dy/Tb supply and industrial Dy/Tb separation by Sep 2026.
