• Colossus Project re-listed on COPAM agenda for 19 Dec 2025
• FEAM issued favorable Technical Assessment, recommending Preliminary License
• Viridis addressed MPF comments, positioning project for COPAM approval

Viridis Mining and Minerals Limited has continued to progress the environmental licensing for its Colossus Project in Brazil. The Minas Gerais State Environmental Foundation (FEAM) has confirmed that Colossus has been re-listed on the 19 December 2025 agenda of the Chamber of Mining Activities (CMI) of COPAM, the State Environmental Policy Council of Minas Gerais. On 10 October 2025, FEAM completed its technical evaluation of the Project's Environmental Impact Assessment (EIA) / Environmental Impact Report (RIMA) and issued a favorable Technical Assessment (No. 67/FEAM/GST/2025), formally recommending the granting of the Preliminary License (LP), a key milestone in advancing Colossus toward development. FEAM has since updated this assessment to respond directly to comments raised by the Public Prosecutors' Office (MPF) on 24 November 2025, reinforcing the robustness and completeness of the licensing analysis. This updated technical opinion will be the primary reference for council members at the COPAM meeting.Since the previous market update on 1 December 2025, Viridis has worked closely with FEAM to address all outdated or inaccurate assumptions contained in the MPF letter, resulting in the Project's expected re-listing for the upcoming COPAM session. Viridis remains confident in both the environmental strength of the Colossus Project and the integrity of the licensing process, and is well-positioned to lodge the Installation License application following the anticipated approval of the Preliminary License.

Viridis remains confident in the environmental strength of the Colossus Project and the integrity of the licensing process, and is well-positioned to lodge the Installation License application following the anticipated approval of the Preliminary License.