# Viridis Mining and Solvay sign $915M rare earth offtake deal

Australia's Viridis Mining and Minerals executed a binding long-term offtake contract with Rhodia Operations SAS, a subsidiary of Solvay, for mixed rare earth carbonate from the Colossus project in Brazil. The contract is valued at a minimum of $915 million from 2028 to 2034, with Solvay committing to purchase at least 70% of forecast production.

- Type: Contract
- Announced: 2026-11-05
- Where: Minas Gerais, Brazil
- Value: $915.0M
- Status: announced
- Products: mixed rare earth carbonate
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [itradecouncil.org](https://itradecouncil.org/daily-news/viridis-mining-and-solvay-sign-915-million-rare-earth-carbonate-offtake-deal), 2026-11-06: "Securing binding offtake with Solvay, alongside our advanced senior debt financing process, puts Viridis in a strong position as we progress towards targeted production in 2028."

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