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Meteoric Resources NL ( (AU:MEI) ) has provided an announcement.
Meteoric Resources NL has reported significant growth in its Global Mineral Resource Estimate (MRE) to 1.5 billion tonnes at 2,359ppm Total Rare Earth Oxides (TREO), highlighting its strategic importance as an alternative supplier following Chinese export controls. The company is advancing its Caldeira Rare Earth Ionic Clay Project in Brazil, with updates to the MRE and a maiden estimate for the Barra do Pacu deposit. These developments position Meteoric to support new long-term supply chains, with the Pre-Feasibility Study outcomes expected in June 2025.
More about Meteoric Resources NL
Meteoric Resources NL is a company operating in the mining industry, primarily focusing on the exploration and development of rare earth minerals. The company is engaged in projects that aim to provide alternative sources of critical rare earth elements, which are essential for various industrial applications.
YTD Price Performance: 22.50%
Average Trading Volume: 8,797,301
Technical Sentiment Signal: Sell
Current Market Cap: A$229M
For an in-depth examination of MEI stock, go to TipRanks’ Stock Analysis page.