# Viridis Mining signs offtake deal with Solvay for Brazil rare earths

Australia's Viridis Mining and Minerals signed a binding long-term supply agreement with Belgium's Solvay for mixed rare earth carbonate from its Colossus project in Brazil. The deal covers seven elements, includes minimum take-or-pay volumes, and guarantees a minimum $915 million in revenue. First production is targeted for 2028.

- Type: Contract
- Announced: 2026-11-05
- Where: Colossus project, Brazil, Brazil
- Value: $915.0M
- Status: announced
- Products: mixed rare earth carbonate, neodymium, praseodymium
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Solvay](https://endata.com/companies/1830.md) (customer)
- [Viridis Mining and Minerals Limited](https://endata.com/companies/15961.md) (supplier)

## Sources

- [dailydigestinvest.com](https://dailydigestinvest.com/viridis-locks-in-solvay-offtake-for-brazil-rare-earths-targeting-2028-output), 2026-11-05: "Australia's Viridis Mining and Minerals has taken a significant step toward financing its Colossus rare earth project in Brazil by signing a binding long-term supply agreement with Belgium's Solvay."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.