Viridis Mining (VMM) is held by 6 ASX ETFs. Over the last 3 months it rose 3.8%: on $10,000, +$376. We explain 3 big moves in that time.
About VMM
- SectorMaterials
- IndustryMaterials
- Size$580.0m
- Held by6 ETFs
- Big moves3 in 3M
Each dot is a move we explain. Tap one, or a row of Why it moved, to see what caused it.
Why it moved
- +14.7%peak +21.3%1 Oct 2026· Commodity
A $968 million rare earths deal involving Brazil thrust the spotlight on rare earths companies, likely lifting VMM as a rare earths explorer against a falling broader market and sector.
- −9.4%24 Aug 2026· Capital Raise
VMM fell sharply as investors sold into the news after the company released its Colossus Definitive Feasibility Study results and simultaneously announced a large equity capital raise of up to US$120 million, triggering dilution concerns.
- +12.0%peak +14.8%6 Aug 2026· Operational
Investor interest driven by positive news coverage of Viridis Mining's Colossus project, combined with a broader small-cap and materials sector tailwind, pushed the stock up sharply.
Held by 6 ETFs
Of every $10,000 in each fund, how much is in VMM today.
- VAEVanguard FTSE Asia ex Japan Shares Index ETF$2.830.03%
- VGEVanguard FTSE Emerging Markets Shares ETF$2.610.03%
- EMXCiShares MSCI Emerging Markets ex China ETF$2.210.02%
- BEMGBETASHARES MSCI EMERGING MARKETS COMPLEX ETF$1.990.02%
- IEMiShares MSCI Emerging Markets ETF$1.890.02%
- VEUVanguard All-World ex-US Shares Index ETF$0.760.01%
Why did VMM fall 9.4% on 24 Aug 2026?
Viridis Mining
VMM fell sharply as investors sold into the news after the company released its Colossus Definitive Feasibility Study results and simultaneously announced a large equity capital raise of up to US$120 million, triggering dilution concerns.
The cluster of announcements on 20 August 2026 — DFS results, a trading suspension lift, an investor webinar, and critically a US$120M strategic equity funding raise — provides a clear narrative for the sell-off. Capital raises almost universally cause short-term price pressure due to dilution, and the magnitude of US$120M is material for a junior miner. The sector index (AXMJ Materials) was up +2.3% on the same day, meaning the broader sector was not the cause and the move is clearly stock-specific. The 'sell the news' dynamic around the DFS is secondary to the dilutive equity raise, which is the primary driver of the -7.1% decline on elevated volume.
Written by a language model from the evidence below, and it can be wrong. Tell us and we will fix or remove it. General information only, not financial product advice. It does not consider your objectives, finances or needs. Past performance is not a guide to future performance.
Evidence
News coverage
Sector / macro signals
What it did to the 6 ETFs holding VMM
On $10,000 in each fund, at the weight it holds today