Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from Meteoric Resources NL ( (AU:MEI) ) is now available.
Meteoric Resources NL has received a non-binding, conditional Letter of Support from Export Finance Australia for indicative financing of up to US$50 million to help develop its Caldeira Rare Earth Project in Brazil, using Australian engineering, procurement, construction and management contractors to reinforce supply chain links between Australia and Brazil. Combined with a previously announced US$250 million letter of interest from the US Export-Import Bank and ongoing talks with Brazil’s development bank, other export credit agencies and potential strategic investors, the new support strengthens Meteoric’s funding options and underscores government-backed interest in diversifying global rare earth supply chains, at a time when the Caldeira Project is advancing through permitting, pilot plant commissioning and early production of mixed rare earth carbonate.
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 an Australian resources company focused on the exploration and development of rare earth projects, with its flagship Caldeira Rare Earth Project located in Brazil. The company aims to become a major supplier of critical rare earth materials to global markets, leveraging high-grade deposits, relatively low operating costs and capital intensity, and partnerships with engineering and construction contractors, particularly from Australia.
Average Trading Volume: 12,203,166
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$475.8M
For detailed information about MEI stock, go to TipRanks’ Stock Analysis page.