• Viridis signed a contract with DME for power transmission infrastructure.
• Agreement includes 3.2km, 138kV transmission line to Brazilian grid.
• Secured grid capacity from December 2027, supporting H1 2028 first production.
• Infrastructure designed for future expansion up to 90MVA.
• Fixed-price package valued at approximately BRL3.97 million.

Viridis Mining and Minerals Limited has executed its first major project execution contract with municipal electricity distributor DME for the delivery of dedicated power transmission infrastructure required to connect the Colossus Rare Earth Project to the Brazilian electricity grid. The agreement includes the licensing, engineering, procurement, and construction of a 3.2km, 138kV high-voltage transmission connection from the Saturnino Substation to the Colossus Project, with an initial reserved power allocation of 27MW to support Stage 1 operations. The transmission line and associated substation infrastructure are being designed with a capacity of up to 90MVA, providing a clear pathway for future project expansion. The fixed-price connection works package is valued at approximately BRL3.97 million (approximately US$0.8 million), providing cost certainty with no exposure to engineering or construction cost escalation. DME has already commenced procurement activities for critical long-lead electrical equipment, supporting the targeted December 2027 energisation schedule and reducing supply-chain related execution risk.

Reserved grid capacity secured from December 2027, supporting H1 2028 first production.

Viridis continues to de-risk the Colossus Project and strengthen its pathway toward a targeted FID in H2 2026 and first production in H1 2028.