Australia's Viridis Mining slips on discounted placement

Viridis Mining and Minerals

18/03/2026 24:09

** Shares of Australia's Viridis Mining VMM.AX fall as much as 13.1% to A$1.86, their lowest level since March 9

** Stock hits its biggest intraday pct drop in a week

** The diversified miner raises A$25 million ($17.77 million) through placement

** Offer price of A$1.9 per share represents an 11.2% discount, as of co's last close

** Says placement funds used to finalise off-take and financing discussions, among others

** Stock up 54.7%, YTD

($1 = 1.4069 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))