Viridis Mining and Minerals Limited

Solvay signed a long-term supply agreement with Viridis Mining and Minerals for rare earth feedstock from Viridis' Colossus project in Brazil. Shipments to Solvay's La Rochelle facility are expected to start in 2028, with an initial term through 2034.

Solvay has signed a long-term supply agreement with Viridis Mining and Minerals for mixed rare earth raw material from the Colossus project in Brazil, to be delivered to Solvay's La Rochelle site starting in 2028. The agreement runs through 2034 with minimum committed volumes at about 70% of planned capacity.

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.