Viridis Mining and Minerals to Raise AU$11.5 Million Via Placement; Shares Hit 52-Week High

MT Newswires Live

2025/07/30

Viridis Mining and Minerals (ASX:VMM) received firm commitments to raise AU$11.5 million through a placement of 12.6 million fully-paid ordinary shares at an issue price of AU$0.91 apiece, according to a Wednesday Australian bourse filing.

The offer price is a 13% premium to the company's ten-day volume-weighted average price, the filing said.

Proceeds from the placement will fund plant development, a feasibility study, exploration, regulatory approvals, and working capital.

The shares are expected to settle by Aug.6.

Shares of the company rose 13% in recent Wednesday trade and earlier hit a 52-week high.

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