Brief: Viridis Mining And Minerals Secures Rare Earth Element Project In Brazil

Viridis Mining and Minerals

01/08/2023 02:39

Aug 1 (Reuters) - Viridis Mining and Minerals Ltd
 VMM.AX :
    * SECURED IONIC ADSORPTION CLAY (IAC) RARE EARTH ELEMENT
PROJECT
IN MINAS GERAIS, BRAZIL
    * TOTAL CONSIDERATION OF USD $2.0 MILLION FOR PROJECT
    * ENTERED INTO  BINDING AGREEMENT TO ACQUIRE 100% OF RIGHTS
TO 
REES COMPRISING THE COLOSSUS RARE EARTH PROJECT
    * WILL RAISE A$2.2M AT A$0.25 PER SHARE TO FUND EXPLORATION
&
INITIAL UPFRONT CASH PAYMENT FOR COLOSSUS PROJECT

Source text for Eikon:  ID:nASXb3jVQ 
Further company coverage:  VMM.AX 

 ((Reuters.Briefs@thomsonreuters.com;))