Viridis Mining and Minerals Limited ( (AU:VMM) ) just unveiled an announcement.
Viridis Mining and Minerals Limited has highlighted the strategic importance of its Colossus IAC Project in light of China’s new export restrictions on rare earth elements. These restrictions underscore Colossus’s potential to become a critical supplier of Dysprosium and Terbium, elements in which China currently dominates the global market. The project is poised to capture a significant share of the market, offering a secure alternative supply outside of China, which is crucial for industries reliant on these materials.
More about Viridis Mining and Minerals Limited
Viridis Mining and Minerals Limited operates in the mining industry, focusing on the extraction and production of rare earth elements. The company is particularly involved in the development of the Colossus IAC Project, which is rich in heavy rare earth elements such as Dysprosium and Terbium, crucial for various high-tech and industrial applications.
YTD Price Performance: -31.82%
Average Trading Volume: 230,293
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$18.76M
For an in-depth examination of VMM stock, go to TipRanks’ Stock Analysis page.