Viridis Mining and Minerals
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Viridis Mining and Minerals (VMM) investor relations material

Viridis Mining and Minerals Q4 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2026 TU earnings summary23 Jul, 2026

Executive summary

  • Installation Licence application submitted for Colossus Rare Earth Project, advancing toward construction and development.

  • First Mixed Rare Earth Carbonate (MREC) produced at the demonstration plant, with recoveries exceeding 80% in July 2026, surpassing Pre-Feasibility Study (PFS) assumptions.

  • Entered a Letter of Intent with Solvay for long-term offtake and technical partnership, supporting downstream industrialisation in Brazil.

  • EU Commissioner visit and G7 Critical Minerals Forum participation highlight international recognition and strategic importance.

  • Definitive Feasibility Study (DFS) progressing, with completion targeted for August 2026.

Financial highlights

  • Cash position at 30 June 2026: A$20.4 million, with an additional US$25 million (~A$36 million) available, totaling A$56 million in pro forma funding.

  • Exploration expenditure for the quarter: $5.1 million.

  • 200,000 shares issued in April and May 2026 from option exercises.

Outlook and guidance

  • Fully funded to advance Colossus Project through Final Investment Decision (FID) and early execution.

  • DFS completion and updated Reserve expected August 2026, supporting EPCM contract and project financing.

  • Targeting FID in 2H 2026 and first production in H1 2028.

Compare July 2026 MREO recoveries to PFS levels
Status of BNDES and FINEP funding negotiations
Solvay offtake and technical partnership terms
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