Viridis Mining Heats up After Lynas Deal for Meteoric
Dow Jones
Yesterday
0220 GMT - After Lynas Rare Earths' planned takeover of Meteoric Resources, Euroz Hartleys wonders: "How long will VMM [Viridis Mining] last from here?" Viridis's Colossus project neighbors the Caldeira project owned by Meteoric, which is being acquired by Lynas in a 968 million Australian dollars deal. Assuming equal treatment for Viridis implies a value of greater than A$5.00/share, the broker says. Viridis shares surge by 16% to A$3.87.
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