VMM approved BNDES facility for Brazilian rare-earth processing
Viridis Mining and Minerals (VMM) says the Brazilian Development Bank (BNDES) has approved a R$77.5 million financing facility for its rare earth processing and technology work in Brazil.
5 million financing facility, equivalent to approximately US$15m, to support its rare earth processing and technology work in Brazil. The facility has a 16-year tenor, including a four-year grace period.