# Viridis Mining advances Colossus rare earth project in Brazil

Viridis Mining and Minerals Limited is advancing its Colossus Rare Earths Project in Brazil, with a definitive feasibility study projecting US$1.196 billion after-tax NPV and initial development expenditure of US$449 million, targeting production in 2028.

- Type: Investment
- Announced: 2026-11-04
- Where: Brazil
- Value: $449.0M
- Starts operating: 2028
- Status: announced
- Products: rare earth oxides
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

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

## Sources

- [kapitales.com.au](https://www.kapitales.com.au/articles/trending/viridis-mining-advances-us120-billion-rare-earth-project-as-funding-and-development-plans-accelerate-041126), 2026-11-04: "Viridis outlines significant Colossus development progress following its FY2026 annual report and quarterly update."

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