Australia's Viridis Mining and Minerals said on Tuesday it received a letter of interest from Export Development Canada for up to $100-million in debt financing for its Colossus rare earths project in Brazil.
“The Pilbara has always been a place of big ambition, and these locomotives represent the kind of innovation that is needed to keep the region firing.”
Operations have started at the giant Simandou iron-ore project in Guinea, marking a historic milestone for Africa’s largest greenfield mine and infrastructure development.
Rare earth elements, often dubbed the “vitamins” of modern technology, sit at the heart of everything from smartphones and drones to electric vehicles and defense systems.