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Viridis Mining and Minerals Limited (ASX:VMM)

ALERT: Price-sensitive ASX Announcement for VMM
Current share price for VMM : $3.440 2.46 (251.02%)+
Announcement
Release
1 Dec 2025 4:10PM
Price at Release
$0.980
Full Release
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Summary
Viridis Mining and Minerals Limited provided an update on the environmental licensing process for its Colossus Rare Earth Project located in Poços de Caldas, Brazil. The Colossus Project's environmental licensing is currently under review following a temporary withdrawal from the voting agenda by FEAM during a COPAM meeting. This withdrawal was a procedural measure to allow FEAM to prepare a comprehensive response to a recommendation from the public prosecutors' office (MPF). The MPF raised concerns about hydrogeological impacts, vegetation suppression, and proximity to residential areas, among others. However, Viridis maintains that these issues have been previously addressed and resolved in their Environmental Impact Assessment (EIA) and related submissions. The company is confident in the project's compliance with environmental regulations, backed by FEAM’s favorable technical assessment supporting the issuance of the Preliminary License. The project is expected to be reconsidered for deliberation in an upcoming COPAM meeting.
Key Points
  • Viridis Mining advances environmental licensing for Colossus Project.
  • Temporary withdrawal from COPAM meeting for procedural review by FEAM.
  • MPF recommendation No. 87/2025 raised concerns requiring response.
  • FEAM maintains a favorable technical position supporting the project.
  • Environmental compliance issues addressed in EIA/RIMA submissions.
  • Confidence in project compliance and expected resubmission to COPAM.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.