Viridis Awards First Equipment Contract for Rare Earth Project in Brazil
Viridis Mining and Minerals has awarded its first major equipment contract for the Colossus Rare Earth Project located in Minas Gerais, Brazil. The company selected Dewater Filter Press to supply a residue pressure filtration system following an extensive evaluation process that included dedicated testing with project-specific materials. This critical component is part of the processing facility's design and will support rehabilitation activities by managing solid-liquid separation from processed clay. The Colossus Rare Earth Project, which aims for first production in 2028, has a planned capacity of five million tonnes per annum. The filtration system order follows recent project milestones such as completing a definitive feasibility study (DFS) and securing equity funding to cover the required portion of its financing plan. Viridis Managing Director Rafael Moreno emphasized that this equipment contract marks an important step in transitioning from development into execution, with staged payments designed to limit financial exposure before final investment decisions are made.
