Viridis, Ionic create two entities to produce refined rare earth oxides

The West Australian11-06

Viridis Mining & Minerals and partner Ionic Rare Earths have moved to capture the value associated with the downstream processing of rare earths by creating a new entity to produce a refined rare ...

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The two parties will look to develop rare earth magnets at the Lab Fab facility in Lagoa Santa, Belo Horizonte.Viridion is ideally placed to be the only local source of the oxide feedstock to Lab Fab and in combination with Viridis, to develop a fully integrated domestic rare earths supply chain within the South American nation.With the Colossus Project now firmly established as one of the leading rare earth projects worldwide, the opportunity to leverage Ionic’s trialled and proven technology and create a circular mine to magnet supply chain is a vital advantage for Viridion, as it looks to capitalise on the burgeoning supply chain that is developing in Brazil and more broadly South America.Viridis Mining & Minerals CEO Rafael MorenoManagement says Viridion is currently assessing potential sites that can support pilot plants for both its refinery and magnet recycling arms and is completing the relevant evaluations to enable it to home-in on its preferred option shortly.Whilst the plan is for Viridion to build its own full-scale separation plant in Brazil, it will also hold exclusive rights to commercialise the SST technology globally (except for Uganda and Asia).The company can seek out other rare earths producers outside of Brazil and look for licensing partnerships that can provide a worthwhile commercial return. It says discussions have taken place with potential partners that have their own rare earths deposits.Viridion is looking to become the first company to provide an integrated rare earths supply chain outside of China and just may have the technology and product to achieve its goal.Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481628506"}