Viridis Mining and Minerals’ share prices surged 39% to $1.39 following the approval of a Preliminary Environmental License for its Colossus rare earths project in Brazil, a significant regulatory milestone. The license, granted by Minas Gerais, confirms the project’s environmental viability and paves the way for further approvals. Colossus, located near Poços de Caldas, has a substantial 215-million-tonne mineral resource and strong institutional backing for project financing. The project’s low-impact processing strategy and local community support enhance its potential within the global rare earths supply chain.
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