Viridis eyes strategic offtake partner for Brazilian rare earths

The West Australian06-02

Viridis Mining and Minerals has put wings under its giant Colossus rare earth project in Brazil after inking a strategic non-binding partnership with global rare earths separation leader Solvay, which...

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Following an extensive due diligence process, Solvay selected Viridis as a strategic feedstock partner, providing strong third-party validation of the quality and strategic importance of the Colossus project. Viridis Mining and Minerals managing director Rafael MorenoThe proposed deal could improve some of the key assumptions used in the project’s pre-feasibility study, helping strengthen Viridis’ funding strategy as it works towards a final investment decision later this year.Solvay’s existing downstream relationships across the magnet and metallisation markets also help position Colossus within a wider Western-aligned rare earths supply chain focused on diversification and security of supply.With its first MREC product in hand and a heavyweight downstream partner waiting in the wings, Viridis appears to have taken a timely and well-placed next step to turning its Colossus project into a fully integrated Brazilian rare earths story.Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"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,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","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/2640919865","isCrawlerRequest":true}