Australia's Viridis Mining rises as Minas Gerais grants Preliminary License

Viridis Mining and Minerals

22/12/2025 24:03

** Shares of Viridis Mining and Minerals VMM.AX rise as much as 52.5% to A$1.350, their highest level since November 26

** On track for best session since November 20

** The diversified minerals explorer and developer receives approval of its Environmental Impact Assessment and Environmental Impact Report and has been granted the Preliminary License by the State of Minas Gerais on Friday

** Approval for Colossus Rare Earth Project, Minas Gerais

** About 2.4 mln shares change hands, 3.1 times the 30-day avg

** Stock is up 302.3% YTD, including the session's moves

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))