• Viridis secures A$25 million placement from new and existing global institutional investors
• Placement proceeds to accelerate critical path activities for Colossus Rare Earth Project
• Viridis well-funded with up to ~A$76 million cash to advance the project to Final Investment Decision

Viridis Mining and Minerals Ltd has secured firm commitments to raise A$25 million in a heavily oversubscribed placement, reflecting strong institutional demand and growing global recognition of the Colossus Rare Earth Project as it advances toward Final Investment Decision (FID) in Q3 2026. The placement attracted participation from high-quality new and existing global institutional investors, including cornerstone support from North American and European institutions. Upon settlement, Viridis will have a proforma cash position of up to ~A$76 million, comprising existing cash, funds from a binding investment agreement, and the placement proceeds. This strong financial position will enable Viridis to accelerate critical path activities for the Colossus Project, including placement of purchase orders for long lead items, awarding the EPCM contract, advancing the demonstration plant, resource drilling, the Definitive Feasibility Study, and environmental approvals. The placement follows significant project advancement, including receipt of the Preliminary Environmental License and completion of the ECA-led project debt framework with support from major export credit agencies. Together, the strong institutional backing, environmental permitting progress, strategic capital partnerships, and ECA support position Viridis to accelerate Colossus Project development and advance its position as a future leading Western supplier of rare earth elements.

Viridis expects to hold a proforma cash position of up to ~A$76 million upon settlement of the placement, which will fully fund the company to advance the Colossus Rare Earth Project to Final Investment Decision in Q3 2026.

The placement proceeds will enable Viridis to accelerate critical path activities for the Colossus Project, including placement of purchase orders for long lead items, awarding the EPCM contract, advancing the demonstration plant, resource drilling, the Definitive Feasibility Study, and environmental approvals, positioning the company to finalize offtake and financing discussions and kick off early project execution activities in Q3 2026.