Meteoric Resources, Viridis Mining and Minerals Expected to Rerate After Grant of Preliminary License Approvals, Euroz Hartleys Says

MT Newswires Live

2025/12/09

Meteoric Resources (ASX:MEI) and Viridis Mining and Minerals (ASX:VMM) are expected to rerate materially following the grant of preliminary license environmental approvals, Euroz Hartleys said in a Monday note.

The two companies' preliminary license environmental approvals have been included on the agenda for deliberation at the upcoming COPAM council meeting on Dec. 19 after they were postponed to give the state environmental regulator for the state of Minas Gerais, Brazil, more time to review the federal public prosecutor's recommendations.

Euroz Hartleys maintained its speculative buy ratings on Meteoric Resources and Viridis Mining and Minerals, and respective price targets of AU$0.20 per share and AU$3 per share.

Meteoric Resources shares rose 7% in afternoon trade on Tuesday, while Viridis Mining and Minerals shares fell 3%.

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