Viridis Mining Names Sedgman Preferred EPCM Contractor as Colossus Moves Toward FID

Highlights

• Viridis Mining has named Sedgman as preferred EPCM contractor for the Colossus Rare Earth Project in Brazil, with detailed engineering and procurement starting before FID.
• Colossus holds a 200.1-million-tonne Ore Reserve with ~579,000 tonnes TREO supporting a 25-year mine plan, and a demonstration plant operating at semi-industrial scale.
• The project initially produces mixed rare-earth carbonate, not separated oxides—downstream separation arrangements remain a key unresolved question for Western supply security.
• Key upcoming catalysts include Final Investment Decision, binding financing, construction start, commissioning, and downstream separation capacity.