• Viridis signs LoI with Solvay for rare earth supply from Colossus Project
• Partnership supports industrialization in Brazil and integration into Western supply chains
• Expected to accelerate Colossus Project development and commercial production by 2028

Viridis Mining and Minerals Limited (Viridis) has entered into a non-binding Letter of Intent (LoI) with Solvay S.A., a global leader in rare earth separation, for the supply of Mixed Rare Earth Carbonate (MREC) from its Colossus Rare Earth Project. The LoI outlines commercial and technical principles for a strategic partnership, including offtake arrangements and a technical package. This partnership supports Viridis' strategy of maximizing industrialization capability in Brazil through Solvay's expertise and technology. The LoI provides a pathway to accelerate Colossus Project development and support commercial MREC production from Brazil by 2028. The proposed partnership also represents a significant milestone in Viridis' strategic financing process, expected to improve on key assumptions from the Pre-Feasibility Study and support the robustness of Colossus Project economics.