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Viridis Mining and Minerals Expected to Benefit from Sector M&A Activity, Says Euroz Hartleys, Shares Hit All-Time High

-- Viridis Mining and Minerals (ASX:VMM) is expected to benefit from mergers and acquisition activity in the rare earth sector following USA Rare Earth's acquisition of Serra Verde, said Euroz Hartleys in a Tuesday note.

The research firm called the deal a "major" sector development with significant implications for Brazilian ionic adsorption clay companies.

Euroz Hartleys maintained its speculative buy rating on Viridis Mining and Minerals with a price target of AU$4.10.

The company's shares rose 31% to its all-time high in recent Tuesday trade.

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