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Meteoric Resources NL ( (AU:MEI) ) has issued an update.
Meteoric Resources NL has successfully produced its first batch of Mixed Rare Earth Carbonate (MREC) from its newly constructed Pilot Plant for the Caldeira Rare Earth Project in Brazil. This achievement marks a significant milestone for the company, as it positions Meteoric among a small group of global companies capable of producing MREC. The Pilot Plant’s successful commissioning and operation allow for the optimization of project parameters and process refinement, enhancing the project’s long-term value. The data generated will contribute to the Definitive Feasibility Study, and the plant will transition to typical ore grades, furthering the company’s ability to explore downstream processing options.
The most recent analyst rating on (AU:MEI) stock is a Buy with a A$0.35 price target. To see the full list of analyst forecasts on Meteoric Resources NL stock, see the AU:MEI Stock Forecast page.
More about Meteoric Resources NL
Meteoric Resources NL is a company operating in the mining industry, focusing on the production of rare earth elements. The company is engaged in the development of the Caldeira Rare Earth Project in Minas Gerais, Brazil, and is part of a select group of global companies capable of independently producing Mixed Rare Earth Carbonate (MREC).
Average Trading Volume: 11,453,498
Technical Sentiment Signal: Buy
Current Market Cap: A$396.5M
For a thorough assessment of MEI stock, go to TipRanks’ Stock Analysis page.