Colossus Selected for Brazil's Climate Investment Platform
| Stock | Viridis Mining and Minerals Ltd (VMM.ASX) |
|---|---|
| Release Time | 10 Mar 2026, 8:47 a.m. |
| Price Sensitive | Yes |
Viridis' Colossus Project Selected for Brazil's Climate Investment Platform
- Colossus Rare Earth Project selected for inclusion in Brazil's Climate and Ecological Transformation Investment Platform
- Platform aims to mobilize large-scale international investment into priority climate transition and energy transformation projects
- Inclusion positions Colossus within Brazil's national pipeline of climate transition investments, increasing visibility among global capital providers
Viridis Mining and Minerals Ltd (ASX: VMM) is pleased to announce that its Colossus Rare Earth Project has been selected for inclusion in the Brazil Climate and Ecological Transformation Investment Platform (BIP), a Brazilian Government initiative aimed at mobilizing large-scale international investment into priority climate transition and energy transformation projects. BIP brings together the Brazilian Government, the Brazilian Development Bank (BNDES), multilateral development banks, and global climate funds to accelerate investment across key sectors including energy transition, industrial decarbonization, and critical minerals supply chain. Inclusion in the platform positions the Colossus Project within Brazil's national pipeline of climate transition investments, increasing its visibility among international development finance institutions, sovereign investments, and global capital providers. The platform is expected to support innovative financing structures and broaden access to global capital, strengthening the Company's multi-source financing strategy as Colossus advances towards Final Investment Decision in the second half of 2026. Viridis has also secured formal support from leading Western export credit agencies and development finance institutions, as well as strategic investment from a consortium selected by Vale and BNDES to deploy the Brazilian Strategic Minerals Fund.
The company has secured US$30 million in strategic investment from the ORE and Regia consortium, and is currently evaluating additional potential strategic investment options to address the remaining US$72 million project equity component, having received strong inbound interest from a number of strategic investors.
Inclusion in the Brazil Climate and Ecological Transformation Investment Platform is expected to further support the existing financing strategy executed by Viridis as it advances the Colossus Rare Earth Project towards Final Investment Decision in the second half of 2026.