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Meteoric Resources Limited
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Lynas Rare Earths bets A$968m on Meteoric Resources to secure Brazil rare earth scale
Lynas Rare Earths Limited has agreed to acquire Meteoric Resources Limited in an all-share transaction implying A$968 million of equity value, adding Brazil’s Caldeira ionic-clay rare earth project while triggering sharply different reactions in the two ASX stocks.
Meteoric Resources expands Caldeira Ore Reserve 42% to 146Mt ahead of DFS
A larger reserve now covers Caldeira’s planned 20-year production profile. The development case still turns on grade, commercial-scale recovery, licensing and project financing.