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Meteoric Resources NL ( (AU:MEI) ) has issued an update.
Meteoric Resources NL has applied to the ASX for quotation of 6,000,000 new fully paid ordinary shares issued as payment for commission fees. The shares, dated 29 April 2026, represent a non-cash form of remuneration that slightly expands the company’s equity base and may marginally dilute existing shareholders while preserving cash for operational needs.
The most recent analyst rating on (AU:MEI) stock is a Buy with a A$0.25 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 an Australian-listed company in the resources sector, trading on the ASX under the code MEI. The company is engaged in activities related to mineral and resource projects, leveraging equity markets to fund operations and compensate service providers through share-based arrangements.
Average Trading Volume: 7,441,089
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$502.8M
Learn more about MEI stock on TipRanks’ Stock Analysis page.