VMM - Viridis Mining and Minerals

[System]

Viridis Mining and Minerals Limited is a resource exploration and development company that aims to exploit a range of projects in Canada and Australia. The Company is party to acquisition agreements under which:

(a) the Company has a right to earn up to a 100% interest in claims making up the South Kitikmeot Gold Project, in the Nunavat Region in Canada; and

(b) the Company will acquire three Australian incorporated companies that hold tenements and tenement applications making up the Boddington West Gold and Bindoon Nickel-Copper-PGE Projects in Western Australia, the Poochera Kaolin-Halloysite Project in South Australia and the Smoky Kaolin-Halloysite Project in New South Wales,

It is anticipated that VNM will list on the ASX during January 2022.

Viridis Mining & Minerals

Viridis Mining and Minerals Limited (ASX:VMM) is a resource exploration and development company with assets in Brazil, Canada & Australia.

viridismining.com.au

 

[Dona Ferentes]

Listing date	19 January 2022 12:30 PM AEDT ##
Company contact details	https://viridismining.com.au/ Ph: (03) 9071 1847
Principal Activities	Mining exploration
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	VNM
Capital to be Raised	$5,500,000
Expected offer close date	21 December 2021
Underwriter	Not underwritten. Sixty Two Capital Pty Ltd (Lead Manager).

 

[debtfree]

Good Morning @Joe Blow

VMM came up on a scan so I went looking for it in ASF, I couldn't find it but I ending up finding VNM - Viridis Mining and Minerals.

I think it has the wrong thread title, my thoughts are that it should have been VMM - Viridis Mining and Minerals. Might need an adjustment in the title.

 

[Joe Blow]

Good Morning @Joe Blow

VMM came up on a scan so I went looking for it in ASF, I couldn't find it but I ending up finding VNM - Viridis Mining and Minerals.

I think it has the wrong thread title, my thoughts are that it should have been VMM - Viridis Mining and Minerals. Might need an adjustment in the title.

I have edited the thread title and corrected the ASX code.

 

[Dona Ferentes]

and what a quiet achiever it has been,
....Raised capital, getting on with the job.
.
Highlights
- Viridis has received firm commitments in a heavily oversubscribed placement to raise A$3.09 million through an equity issue of 3,250,000 shares at $0.95 to institutional and sophisticated investors. Sixty-Two Capital Pty Ltd provided cornerstone investment in the placement for a total of A$1.0 million.
- Funds will primarily be used to expand and progress Phase I & II exploration programs at the Colossus Ionic Adsorption Clay REE Project, located in the Poços de Caldas Alkaline Complex. Furthermore, funds will be used to conduct optimised metallurgical studies, scout drilling, and progress the Company towards a maiden JORC compliant resource estimate.
- Over 135 holes completed to date and sent to SGS-GEOSOL, with assays expected in November 2023. This includes diamond holes which have intersected clays up to a thickness of 87m
. Drilling continues to progress swiftly with 100% success rate in intercepting clays with all holes to date.
- The Company is extremely pleased with the strong investment interest received by new and existing shareholders.

 

[frugal.rock]

Needs a ROO behind the V.

 

[frugal.rock]

VMM came up on a scan

 

[divs4ever]

VMM is my October 2024 comp. pick

and one to watch for a truly educational course ( i won't be putting even one cent near this )

however TRADERS might find this worthy of placing it on the watch list as Bell Potter has started covering it with a $1.70 price target ( i assume within the next 12 months )

it has rare earths and uranium projects in Brazil , Canada , and Australia

no sales , no earnings , but plenty of buzzwords and a trade war with Russia and China in progress , so the West will throw subsidies at this , and there will be cap. raises ( and presentations )

i can hear the sizzle from here ( and am half-deaf )

i do NOT hold this share ( but may watch with morbid fascination )

 

[divs4ever]

oh crap , and i didn't even get to this part

Australia – VMM has interests in projects across South Australia, Western Australia and New South Wales.
The Poochera project (100%) is a Halloysite-Kaolin exploration project in the Eucla Basin.
Situated north of the Great White Deposit (34.6Mt @ 40.9% Kaolinite &5.3% Halloysite) and 20km north east of the Hammerhead Deposit (51.5mt @ 42.7%Kaolinite & 6.5% Halloysite).
The Bindoon (100%) exploration project in WA, is a Nickel,Copper, Platinum project proximal to the Julimar Nickel/PGE project, and consists of one exploration licence and two licence applications.
The Boddington West project (100%) is a greenfield exploration gold project in WA, adjacent to the Boddington Gold.
Reprocessing of aeromagnetic and radiometric surveys identified a series of north-west trending diorite intrusives that traverse the Boddington Gold mine and continue to the Boddington West project tenements.
The Smokey project (100%) is a series of exploration licences focused on Halloysite & Kaolin in the Hunter Valley region in NSW

so many projects and so little income

 

[frugal.rock]

shares are 1c (IXR)
...
and if they're looking further afield, it's a fair call that Ugandan efforts are sub-economic.

BRAZILIAN JOINT VENTURE VIRIDION SIGNS MOU WITH SENAI FEIMG TO ESTABLISH SECURE BRAZILIAN MAGNET SUPPLY CHAIN​

Viridion integration into Brazilian rare earth market to facilitate near term NdFeB magnet production capacity
• IonicRE joint venture with Viridis Mining and Minerals Ltd (ASX: VMM), “Viridion” signs Memorandum of Understanding with SENAI FIEMG Innovation and Technology Centre of Minas Gerais, owner and operator of Lab Fab, the first rare earth magnet laboratory in South America;
• Transformational JV agreement has Viridion strategically placed to become the first Brazilian producer of refined Rare Earth Oxides from either a Mixed Rare Earth Carbonate or from recycling of spent magnets using IP from IonicRE’s 100% owned UK subsidiary, Ionic Technologies;
• Viridion to launch Scoping Studies for the REO Refinery and Magnet Recycling facilities in January 2025, following Viridis completing production of MREC from its Southern Concessions at Colossus;
• Several potential locations under review to support pilot plants for both the REO Refinery and the magnet recycling facilities near existing Viridis operations in Poços de Caldas, Minas Gerais;
• Agreement to target developing rare earth magnets at Lab Fab facility in Lagoa Santa, Belo Horizonte, an immediate and near-term local source of magnet REO.

Ionic Rare Earths Limited is advancing its integration into the Brazilian magnet supply chain, with the Company’s Viridion joint venture with Viridis Mining and Minerals (ASX:VMM) signing a five-year Memorandum of Understanding with SENAI FIEMG Innovation and Technology Centre, owner of Lab Fab, South America’s first rare earth magnet laboratory.

Signed recently in Perth, Western Australia during a state visit, the agreement establishes a basis for cooperation between Viridion and SENAI Regional Department, with a view to jointly develop an produce rare earth magnets at Lab Fab, in the Brazilian state of Minas Gerais, by identifying activities of common interest between the parties:
• Supply of raw materials by Viridion for pilot production of rare earth magnets;
• Promote actions to strengthen the parties and, consequently, their relations with industries interested in these technologies;
• Develop joint projects of applied research, assessment activities, experiments, training, consulting and specialised technological services;
• Implement other joint activities and programs, as well as pilot and experimental programs in areas and subjects of mutual interest and benefit that may be agreed upon between the parties.

From IXR thread, courtesy of @Dona Ferentes , with thanks.

 

[Dona Ferentes]

1 .. 2 ..️