Meteoric Resources Joins Brazilian Strategic Minerals Initiative

Meteoric Resources NL ( (AU:MEI) ) has provided an announcement.

Meteoric Resources NL has been included in the Brazilian Strategic Minerals Funding Project, a state initiative aimed at bolstering production capacity and innovation in strategic minerals. This inclusion supports Meteoric’s Caldeira Rare Earths Project in Brazil, aligning with plans to develop a pilot plant and enhance downstream rare earth separation and magnet production. The initiative is part of a broader effort by the Brazilian government to strengthen supply chains for strategic minerals and support the energy transition.

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 exploration and development of strategic minerals, particularly rare earth elements. The company is engaged in projects that aim to enhance production capacity and innovation in the strategic minerals sector, with a market focus on energy transition and decarbonization materials.

Average Trading Volume: 9,209,576

Technical Sentiment Signal: Buy

Current Market Cap: A$303.8M

See more insights into MEI stock on TipRanks’ Stock Analysis page.