Viridis Mining and Minerals Limited has secured a binding partnership with two prominent Brazilian asset management firms, ORE Investments Ltda. and Régia Capital Ltda., which paves the way for up to US$30 million (approximately AU$46 million) in non-brokered capital funding. The agreement establishes a clear, milestone-based pathway that will see the funds delivered in four tranches over a maximum period of 36 months. An initial investment of US$5 million will be injected immediately upon the execution of definitive agreements, with subsequent tranches of US$5 million, US$10 million, and US$10 million scheduled at 12-month intervals. This financial structure is designed to support Viridis’ flagship Colossus Rare Earth Project in Brazil through to the Final Investment Decision and early stages of project execution. The detailed funding framework includes specific technical indicators, such as the pricing mechanism where the first tranche will involve the issuance of shares at AU$0.91 per share. Future tranches will be priced at the higher figure between the 30-Day Volume-Weighted Average Price (VWAP) less a 5% discount and predetermined minimums, with the third and fourth tranches having a minimum threshold of AU$1.50 per share. The agreement also grants the investors the right to nominate directors to the board, allowing up to two appointments depending on their ownership level, and provides built-in flexibility for tranche acceleration upon achieving key milestones or in connection with additional third-party capital raises. According to Managing Director Rafael Moreno, the alliance with ORE and Régia is seen as a significant vote of confidence in the project’s technical and economic fundamentals. The local expertise provided by the partners is expected to prove invaluable in navigating Brazil’s regulatory landscape, expediting environmental permitting, securing project financing, and streamlining operational processes. This strategic backing is particularly important as global demand for rare earth elements surges, driven by robust growth in electric vehicles, renewable energy, and advanced technology sectors. The outlook for Viridis appears mixed. On the bullish side, the structured funding and partnership with well-regarded local firms are expected to de-risk the project, enhance its advancement toward production, and provide a strong platform for long-term shareholder value. In contrast, the reliance on achieving specific milestones and regulatory approvals introduces execution risks that could impact short-term performance if delays occur. Beginner traders should note the company’s balanced approach, where strategic financial support is offset by the inherent risks of project and market dynamics in the mining sector.