Desk · Resource definition · HREE-heavy

ASX:VMM

Viridis Mining

Colossus ionic-clay project, Poços de Caldas. Another Brazilian clay in the Caldeira neighborhood — met, MagREO and permits vs Meteoric are the compare.

Ionic clayHREE
39

Stalled

Website

Pulse Timeline

Isoelectric line is the baseline Pulse. Spike height is catalyst strength. Wide gaps or a flat line = stalled progress / life support.

39 Stalled
nowPEA / offtake process1JulAugSepOctNovDec
  1. 1) 12-01 PEA

Lead II · 25 mm/s · Pulse 10 mm/mV · snapshot 2026-08-22

Life support

Isoelectric. No material beat in the window. A listing is not vitality.

Last beat
Beats / 90d
0
Recent gap

0 beats in 180d

  • No dated beat in the trailing window.
  • Next: PEA / offtake process (101d).
PEA

Trading

Last
A$0.550
1d
+3.7%
Mkt cap
$95M
Volume
1.6M
52-week
A$0.18 – A$0.92
1m
3m
1y

Shares · EV / MagREO $4.8M/kt · snapshot, not a live tape

Company & people

HQ

Perth / Brazil

Focus

HREE-heavy · Ionic clay

CEO Rafael Moreno

  • Rafael Moreno, CEO

Mine / project

Flagship

Colossus

Location

Poços de Caldas, Brazil · Brazil

Deposit

Ionic adsorption clay

Resource

Ionic-clay MRE in the same alkaline complex as Caldeira. Grade/MagREO split vs Meteoric is the only compare that matters.

Desk basket

20 kt MagREO (desk)

Radioactivity

Low — permit tell vs peers

Capital, loans, grants & support

None the desk is willing to count yet.

    The Pulse

    Neighborhood is the pulse — and the risk of being the second clay in the same complex. Need a PEA and a MagREO table, not a map overlay.

    ASX. Too early.

    Catalyst proximity13/25
    Gov / strategic4/25
    US listing path5/20
    De-risking9/20
    Setup8/10

    Next: 1 Dec 2026PEA / offtake process

    Nasdaq path

    Home listing is not Nasdaq. Bid price, registration, and a real asset gate are.

    1. 01 · DoneASX listing

      Primary listing VMM. Colossus sits next to Caldeira — neighborhood is the pulse and the risk.

    2. 02 · GapUS OTC

      No US ticker.

    3. 03 · GapDTC eligibility

      Not in play.

    4. 04 · GapUS holder tape

      Second clay in the same complex. Allocators will pick a winner after PEAs, not before.

    5. 05 · NextPEA / MagREO vs Meteoric1 Dec 2026

      Need a MagREO table, not a map overlay.

    6. 06 · GapSEC registration

      Too early.

    7. 07 · GapNasdaq $4 bid

      Last ~A$0.55 / ~US$0.36.

    8. 08 · GapNasdaq application

      ASX. Too early.

    Catalysts

    PEA / offtake process

      Desk note

      Stays on this device. Not the press release.

      Pulse = Catalyst proximity + government/strategic support + Nasdaq-path / listing signals + valuation & execution + stage progress. Method