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Meteoric Resources NL ( (AU:MEI) ) has provided an update.
Meteoric Resources NL has officially opened its Caldeira Rare Earth Project Pilot Plant in Poços de Caldas, marking a significant milestone in the project’s development. The plant, with an initial capacity to process 25kg of ionic clay per hour, will generate data for a Definitive Feasibility Study and support future commercial partnerships, enhancing the company’s position in the rare earth market.
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 in the mining industry, focusing on the development of rare earth projects. Its primary product is Mixed Rare Earth Carbonate (MREC), and it is actively involved in the critical materials chain in Brazil.
Average Trading Volume: 11,536,941
Technical Sentiment Signal: Buy
Current Market Cap: A$383.3M
See more insights into MEI stock on TipRanks’ Stock Analysis page.