ASX:MEI

6 stories mentioning ASX:MEI

Every FINWIRES story that references ASX:MEI, newest first.

Meteoric Resources' Brazil Pilot Plant Achieves Magnet Rare Earths Oxide Recoveries of 80%

Meteoric Resources' (ASX:MEI) pilot plant at the Caldeira project in Brazil achieved magnet rare earths oxide recoveries of 80% and total rare earths oxide recoveries of 74% in May, according to a Thursday filing with the Australian bourse.Roughly 43 tonnes of ore from the Capão do Mel starter pit was processed at the targeted throughput rate of 600 kilograms per day, with mixed rare earth carbonate production consistently averaging higher than the forecast 2 kilograms per day, the filing said.Additionally, magnet rare earth oxide recoveries averaged 71% in mixed rare earth carbonate, in line with the May 2025 pre-feasibility study estimate, per the filing.

ASX:MEI

Asia5d ago

Further Offtake News Flow Expected at Meteoric Resources' Brazil Rare Earths Project, Euroz Hartleys Says

Meteoric Resources' (ASX:MEI) Caldeira project in Brazil is expected to produce further offtakes and associated debt funding in the wake of recently disclosed European Union support for critical minerals projects in the region, Euroz Hartleys said in a Tuesday note.Meteoric executed an amendment agreement with its joint venture partner in the Togni Group, the original vendors of the project, acquiring the full assignment of the primary tenements required to start production at Caldeira.Meteoric submitted the installation license application for the Caldeira project in early March, with final approval from Minas Gerais state regulator FEAM expected within around six months of submission. The application represents the second stage of a three-part licensing process following the initial preliminary license award.The investment firm retained its speculative buy rating on Meteoric Resources along with a AU$0.23 per share price target.

ASX:MEI

Asia46d ago

Meteoric Resources Says Brazil Plant Continues to Deliver 'Robust Recoveries,' Shares Fall 3%

Meteoric Resources (ASX:MEI) said its Caldeira pilot plant in Brazil continues to deliver "robust recoveries" and consistent mixed rare earth carbonate production at or higher than nameplate capacity, according to a Thursday filing with the Australian bourse.During the March quarter, the company received a $50 million conditional letter of support from Export Finance Australia for indicative Caldeira financing, it said.Definitive feasibility study workstreams are progressing, and Meteoric Resources is advancing toward a final investment decision with a cash balance of AU$18 million at the end of March.Shares of the company fell 3% in recent Thursday trade.

ASX:MEI

Asia47d ago

Meteoric Resources Consolidates Tenure at Brazil Rare Earths Project Via Amendment Agreement With Togni, Shares Fall 7%

Meteoric Resources (ASX:MEI) has executed an amendment agreement with joint venture partner Togni to consolidate its interests in key tenements at the Caldeira Rare Earths Project in Brazil, via immediate and full assignment of the primary tenements required for the commencement of production, according to a Wednesday Australian bourse filing.The company said as consideration for the transfer, Togni has been granted the right to nominate a director to the Meteoric board, together with a conditional offtake option for up to 30% of mixed rare earth carbonate (MREC) produced at the Caldeira project, with Togni retaining rights to all non-rare earth elements on its tenements.The offtake option allows Togni to acquire up to 30% of annual production from the project by providing five years' advance notice, on a market pricing and take-or-pay basis, provided the use of MREC does not compete with Meteoric's interests, it added.The company's shares fell 7% in recent Wednesday trade.

ASX:MEI

Asia47d ago

Meteoric Resources Completes AU$40 Million Capital Raise; Shares Fall 4%

Meteoric Resources (ASX:MEI) completed its AU$40 million equity raising, issuing 235 million new fully paid ordinary shares at AU$0.17 apiece to institutional and sophisticated investors, according to a Wednesday filing with the Australian bourse.The funds will be used to support advancement and pre-development activities at the Caldeira rare earth ionic adsorption clay project to support a final investment decision within the year, the filing added.The company's shares fell 4% in recent Wednesday trade.

ASX:MEI

Asia54d ago

Meteoric Resources to Raise AU$40 Million via Share Placement; Shares Up 15%

Meteoric Resources (ASX:MEI) received firm commitments to raise AU$40 million through the placement of about 235.3 million new shares at an AU$0.17 apiece, according to a Wednesday filing with the Australian bourse.Proceeds will be used to advance the company's Caldeira project in Brazil towards a final investment decision, the filing said.Shares rose nearly 15% in morning trade Wednesday.

ASX:MEI