• Successful submission of Installation Licence application for Colossus Project
• Approval permits commencement of construction and site development
• Comprehensive technical, environmental, and social studies included in submission

Viridis Mining and Minerals Limited (Viridis) has announced the successful submission of its Installation Licence (IL) application for its flagship Colossus Rare Earth Project, a major milestone in advancing the Project toward construction and development. The IL submission follows the approval of the Preliminary Licence in December 2025 and represents the second stage in the three-step environmental licensing pathway. Approval of the IL permits the commencement of construction and site development activities, marking a significant transition from permitting to project execution. The application has been formally lodged with the State Environmental Agency of Minas Gerais and incorporates comprehensive technical, environmental, and social studies developed over multiple years, reinforcing the robustness of the project. The Colossus licensing process covers the Company's Northern Concessions in Poços de Caldas, located away from environmental protection areas and indigenous communities, hosting a substantial 215Mt Mineral Resource across contiguous tenements, with a recent 46% expansion area adjoining the eastern boundary, where high-value Dy-Tb oxide grades exceeding 500ppm have been identified.

Final Investment Decision targeted for 2H 2026

Viridis is positioning Colossus to become a globally competitive rare earth operation, with a strong focus on responsible development, environmental stewardship, and community engagement.