Viridis Mining trading halt: VMM AU

Viridis Mining trading halt: VMM AU

Viridis Mining and Minerals Limited (VMM) has announced a trading halt on its shares, effective from June 7, 2024. The trading halt was initiated to facilitate the company's strategic announcements and developments, particularly related to its rare earth refining and recycling operations.

The trading halt was announced amidst significant developments for the company. On July 17, 2025, VMM appointed Rafael Moreno as Managing Director. Moreno brings over 25 years of experience in senior executive roles, primarily in the resources sector and Brazilian operations. His appointment is expected to significantly contribute to VMM's strategic growth, particularly in Brazil [1].

VMM has also secured a strategic site in Brazil for its REE refining and recycling operations, known as the Viridion REE Refining & Recycling Hub. The site covers 4.5 hectares and is located in the Governador Valadares region. The hub will process materials from the Colossus Project and third-party sources, incorporating advanced technologies for rare earth refining and recycling electronic waste [2].

Additionally, VMM released the Pre-Feasibility Study (PFS) for its Colossus Project on July 14, 2025, which unlocks world-class project economics. The PFS supports the company's strategy for vertical integration in the rare earth supply chain and aims to minimize environmental impact and maximize resource recovery [3].

The trading halt is expected to provide VMM with the necessary time to finalize these strategic announcements and developments. Investors are advised to monitor the company's progress and announcements for further updates.

References:
[1] https://www.intelligentinvestor.com.au/shares/asx-vmm/viridis-mining-and-minerals-limited
[2] https://www.intelligentinvestor.com.au/shares/asx-vmm/viridis-mining-and-minerals-limited
[3] https://www.intelligentinvestor.com.au/shares/asx-vmm/viridis-mining-and-minerals-limited