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11 stories mentioning ASX:MEIUpdated 1d ago

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Asia

Meteoric Resources Enters Partnership With South Korea Company; Shares Up 7%

Meteoric Resources (ASX:MEI) entered into a memorandum of strategic partnership with South Korea-based Posco International to advance the development and commercial production of rare earth materials from the Caldeira project in Brazil, according to a Wednesday filing with the Australian bourse.The two parties agreed that the proposed partnership would represent roughly 30% of rare earth material from the project for up to seven years, the filing said.Meteoric Resources shares rose 7% in midday trade Wednesday.

ASX:MEI
Asia

Meteoric Resources Advances Key Workstreams for Brazil Project in June Quarter; Shares Down 3%

Meteoric Resources (ASX:MEI) advanced technical, engineering and commercial work streams for the Caldeira project in Brazil in the three months ended June 30, with the definitive feasibility study expected to be delivered soon, according to a Friday filing with the Australian bourse.Drilling at the Southern licenses resulted in an updated mineral resource estimate of 1.6 billion tonnes at 2,317 parts per million total rare earth oxides, the filing said. Measured resources increased to 128 million tonnes at 2,815 parts per million total rare earth oxides.Additionally, the Caldeira pilot plant continued delivering strong recoveries and consistent mixed rare earth carbonate production at or above nameplate capacity, per the filing.The company's shares were down nearly 3% in recent Friday trade.

ASX:MEI
Asia

Meteoric Resources Upgrades Ore Reserve Estimate for Brazil Project; Shares Down 3%

Meteoric Resources (ASX:MEI) upgraded its ore reserve estimate for the Caldeira project in Brazil to 146 million tonnes at 3,546 part per million (ppm) total rare earth oxides, with 863 ppm magnet rare earth oxides, according to a Thursday filing with the Australian bourse.The maiden ore reserve from the pre-feasibility study in July 21, 2025, was 103 million tonnes at 4,091 ppm total rare earth oxides for 421,000 tonnes of contained total rare earth oxides, a separate filing said.The updated estimate underpins the upcoming definitive feasibility study, projecting over 20 years of operations at a production rate of 6 million tonnes per year, the filing said.Shares fell nearly 3% in morning trade Thursday.

ASX:MEI
Asia

Meteoric Resources Reports Measured Resources Growth at Brazil Rare Earth Element Project

Meteoric Resources (ASX:MEI) said measured resources across its Caldeira rare earth element ionic clay project in Brazil have increased 246% to 128 million tonnes at 2,815 parts per million total rare earth oxides, according to a Thursday filing with the Australian bourse.The global mineral resource estimate now stands at 1.6 billion tonnes at 2,317 ppm TREO, with contained critical magnetic rare earth oxides including 209,000 tonnes of praseodymium oxide, 594,000 tonnes of neodymium oxide, 6,000 tonnes of Terbium oxide, and 34,000 tonnes of dysprosium oxide.The company is in the process of finalizing a definitive feasibility study for the project.

ASX:MEI
Asia

Meteoric Resources Says State Environmental Foundation Completed Inspection of Brazil Project Area

Meteoric Resources (ASX:MEI) said the State Environmental Foundation completed a site inspection of the Caldeira project area in Brazil last month as part of its installation license application review process, according to a Thursday filing with the Australian bourse.The field inspection report, which will include requests for supplementary information about the project, is expected to be published shortly, the filing said.The installation license is on track for consideration by the State Secretariat for the Environment and Sustainable Development, Minas Gerais, in the December quarter, per the filing.

ASX:MEI
Asia

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
Asia

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
Asia

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
Asia

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
Asia

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
Asia

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.

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