BNDES Approves R$77.5M for Viridis Rare Earth Project in Brazil

Brazil's development bank approved R$77.5 million in financing for Viridis Mineração's rare earth processing center in Poços de Caldas, part of the Colossus Project. This marks a step in Brazil's effort to build a domestic rare earth supply chain for the energy transition, though the project is in early phase and production timelines remain uncertain.