Viridis Mining hits two-week high on support to fund Colossus project

Viridis Mining and Minerals

06/01/2026 24:37

** Shares of Australia's Viridis Mining and Minerals VMM.AX rise 4.8% to A$1.31, touching their highest level since December 22

** Diversified miner gets a non-binding and conditional Letter of Support for up to $50 million from Finance Australia, the country's export credit agency

** Letter of support is meant for use toward the anticipated debt financing package for the execution of the Colossus Project in Brazil

** Shares more than tripled in value in 2025

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))