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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.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.
- Colossus Rare Earth Project advances toward FID with robust funding, project milestones, and global backing.VMM
Q3 2026 TU - Colossus Project's maiden resource and high-grade results drive asset growth despite losses.VMM
H2 2024 - Colossus Project's 140% resource upgrade and robust funding drive strong outlook for rare earths.VMM
H2 2025 - Colossus Project de-risked with major funding and permitting wins; cash up, loss widens.VMM
H1 2026 - Colossus Project secures key permits and financing, advancing toward construction in 2H 2026.VMM
Q2 2026 TU - Colossus Project delivers strong PFS, secures major funding, and advances toward production.VMM
Q1 2026 TU - Colossus Project secures government funding, delivers strong PFS, and advances rare earth supply chain.VMM
Q4 2025 TU - Scoping Study reveals strong economics, low costs, and major growth potential for the project.VMM
Study Result - Resource and grade upgrades set a new benchmark, with scoping study and approvals imminent.VMM
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