Meteoric Resources and MTM Collaborate on Rare Earth Element Separation

An update from Meteoric Resources NL ( (AU:MEI) ) is now available.

Meteoric Resources NL has signed a Memorandum of Understanding with MTM Critical Metals Ltd to advance the separation of rare earth elements from its Mixed Rare Earth Carbonate (MREC) using Flash Joule Heating technology. This collaboration aims to enhance the commercial value of MREC by increasing the concentration of high-value magnetic elements, such as Neodymium and Praseodymium, and removing low-value elements like Lanthanum. The agreement outlines a framework for exclusive collaboration to expand downstream processing and separation capabilities, potentially impacting Meteoric’s market positioning by providing a scalable supply of critical rare earths.

The most recent analyst rating on (AU:MEI) stock is a Buy with a A$0.45 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 extraction and processing of rare earth elements. The company is involved in developing technologies to enhance the value of its Mixed Rare Earth Carbonate (MREC) products, with a market focus on supplying critical magnetic rare earths for magnet production facilities.

Average Trading Volume: 9,211,676

Technical Sentiment Signal: Buy

Current Market Cap: A$303.8M

See more data about MEI stock on TipRanks’ Stock Analysis page.