MTM Critical Metals and Meteoric Resources Sign MOU for Rare Earth Processing Breakthrough

Meteoric Resources NL ( (AU:MEI) ) has shared an update.

MTM Critical Metals Limited has signed a non-binding Memorandum of Understanding (MOU) with Meteoric Resources NL to collaborate on the downstream processing of MREC from Meteoric’s Caldeira Rare Earth Project in Brazil. This follows successful proof-of-concept test work using MTM’s Flash Joule Heating (FJH) technology, which significantly upgraded the value of the MREC by concentrating high-value magnetic REEs and reducing low-value materials. This breakthrough has the potential to transform Western rare-earth supply chains by offering a faster, simpler, and more cost-effective alternative to traditional extraction methods, with significant implications for the industry and stakeholders.

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

MTM Critical Metals Limited is a company involved in the rare earth elements (REE) industry, focusing on the development and processing of mixed rare earth carbonate (MREC) products. The company is engaged in advancing technologies for refining and upgrading REE materials, with a market focus on enhancing the value and supply chain of rare earth elements, which are critical for both defense and civilian technologies.

Average Trading Volume: 9,211,676

Technical Sentiment Signal: Buy

Current Market Cap: A$303.8M

For a thorough assessment of MEI stock, go to TipRanks’ Stock Analysis page.