Viridis Mining and Minerals Advances US$449 Million Colossus Rare Earth Project as Financing and Offtake Near Decision Point

Highlights

• Feasibility study projects a US$1.2 billion after-tax NPV and 36.4% IRR using US$129/kg NdPr price assumptions
• Annual production target of 2,841 tonnes NdPr and 126 tonnes DyTb oxides over a 25-year mine life
• Senior debt commitments, final permits, and a binding Solvay offtake agreement remain critical unresolved milestones
• Demonstration metallurgy achieved 78.7% magnetic rare earth recovery, but sustained deposit-wide performance is unproven
• Viridis holds A$119.7 million cash with ~A$200 million projected after conditional investments, targeting ~70% debt financing