Viridis Shuns China, Targets US and Europe for Brazil Rare Earth Project

Viridis Shuns China, Targets US and Europe for Brazil Rare Earth Project Viridis Mining and Minerals is in advanced talks with US and European buyers for output from its Colossus rare earth project in Brazil, explicitly excluding Chinese customers. The company has opened a research and processing center in Minas Gerais, which has already produced its first mixed rare earth carbonate, containing valuable elements like neodymium and terbium. This facility will provide samples to potential buyers and aid in validating the project’s feasibility.

• Viridis Mining and Minerals is in advanced discussions with US and European buyers.
• The company will not sell to Chinese customers despite interest.
• Viridis has opened a research and processing center in Poços de Caldas, Minas Gerais.
• The center has produced its first mixed rare earth carbonate.
• The facility can process 100 kg of ore per hour and will provide samples to potential customers.