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Meteoric Resources NL ( (AU:MEI) ) just unveiled an announcement.
Meteoric Resources NL announced a delay in the approval of the Preliminary Environmental Licence for its Caldeira Rare Earth Project due to additional time requested by the State Foundation for Environmental to address questions from the Federal Public Prosecutor’s Office. Despite the postponement, Meteoric remains confident that the required information has been submitted and anticipates the licence approval in the next meeting. The company has conducted comprehensive environmental and technical studies and has received support from local and governmental stakeholders, indicating a positive outlook for the project’s progress.
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 exploration and development of rare earth projects. Its primary project is the Caldeira Rare Earth Project located in Caldas, Minas Gerais, Brazil.
Average Trading Volume: 10,836,428
Technical Sentiment Signal: Buy
Current Market Cap: A$422.5M
For an in-depth examination of MEI stock, go to TipRanks’ Overview page.