Highlights
- BNDES approved R$77.5 million (≈US$15M) for Viridis Mining's Brazilian subsidiary on a 16-year facility with a 4-year grace period at ~4.8% cost.
- Funds support the Rare Earths Research and Processing Centre (CPTR) and demonstration plant, not the US$449M Colossus mine construction.
- CPTR produced its first mixed rare earth carbonate in May 2026, but commercial-scale performance and US$280M senior-debt closure remain unproven.
- Brazil's BNDES and FINEP selected Viridis through a strategic-minerals program, reflecting an emerging state-backed rare earth processing ecosystem.
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