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How did Viridis Mining secure funding for the Colossus project? — ASX:VMM| ASX Mining News & Discussion
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Lykeshares Official
$VMM How did Viridis Mining secure funding for the Colossus project?
Viridis Secures A$4.5 Million to Fast-Track Colossus Project Development

In a significant move to accelerate the development of its Colossus work program, Viridis Mining and Minerals Limited has successfully secured A$4.5 million through a placement that was heavily oversubscribed. This funding will bolster the company's aggressive exploration and development timeline, marking a pivotal phase in advancing the Colossus Ionic Adsorption Clay Rare Earth Elements (REE) Project located in the Poços de Caldas Alkaline complex, Brazil.

Summary of Key Developments

Heavily Oversubscribed Placement: Viridis announces a successful A$4.5 million placement, issuing approximately 3.9 million shares at A$1.15 each to institutional and sophisticated investors.

Leadership Investment: The placement saw significant contributions from the Board and Management, including a cornerstone investment of A$1.0 million from the Executive Chairman, Mr. Agha Shahzad Pervez.

Accelerated Work Program: The funding will be used to expedite the Colossus work program, ...
How did Viridis Mining secure funding for the Colossus project?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?