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An announcement from Meteoric Resources NL ( (AU:MEI) ) is now available.
Meteoric Resources has secured an unrestricted Preliminary Environmental Licence for its Caldeira Rare Earth Ionic Clay Project in Minas Gerais, Brazil, after unanimous approval by the state environmental council, confirming the project’s environmental viability and location. The approval, underpinned by a comprehensive environmental impact assessment and extensive local consultation, allows the company to move ahead with the critical Installation License application for construction, keeping its project timeline on track and reinforcing its rapid development trajectory following a year that included a pilot plant start-up, a pre-feasibility study, a maiden reserve and advancing feasibility work, positioning Meteoric to seek final approvals, offtake deals and a final investment decision by mid-2026.
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 Australia-listed exploration and development company focused on rare earth elements, with its flagship Caldeira Rare Earth Ionic Clay Project located in Minas Gerais, Brazil. The company is advancing this project through feasibility, permitting and pilot-scale operations, targeting future production of rare earths used in high-tech and energy-transition applications.
Average Trading Volume: 11,987,221
Technical Sentiment Signal: Buy
Current Market Cap: A$370.1M
For a thorough assessment of MEI stock, go to TipRanks’ Stock Analysis page.