Viridis Mining & Minerals Hosts Minas Gerais Official as Colossus Rare Earth Project Advances Toward 2028 Production

Highlights

• Minas Gerais Undersecretary Gustavo Costa visited Viridis' CPTR facility in Poços de Caldas to assess Colossus project investment potential
• Colossus targets 9,500 tonnes per year of total rare earth oxides over a 20-year mine life, including NdPr and critical heavy rare earths Dy and Tb
• The CPTR pilot facility opened in May 2026 after R$25 million investment and is designed to test continuous ionic-adsorption clay processing
• Production is targeted for 2028, but no offtake agreement or construction decision has been announced; Colossus remains a development-stage project
• Brazil aims to move beyond raw mineral exports by building competitive rare earth processing capacity to serve Western magnet supply chains