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Meteoric Resources NL ( (AU:MEI) ) has shared an update.
Meteoric Resources NL has announced a significant milestone with the maiden Mineral Resource Estimate at the Barra do Pacu deposit, enhancing the overall resource base of the Caldeira Project. The company has also completed a pre-feasibility study and an equity placement, positioning the project as a key player in the global rare earth market. The Caldeira Project’s strategic location and low environmental impact make it a standout solution for long-term rare earth supply, supported by strong financial backing and strategic collaborations.
The most recent analyst rating on (AU:MEI) stock is a Buy with a A$0.17 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 in the mining industry, primarily focused on the exploration and development of rare earth elements. The company’s key project, the Caldeira Rare Earth Project, is located in Brazil and involves mining and exploration licenses over a significant land area. The project is enriched in magnet rare earth oxides, offering cost and operational advantages due to its weathered clay deposits.
Average Trading Volume: 6,989,806
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$338.9M
See more insights into MEI stock on TipRanks’ Stock Analysis page.