Meteoric Resources NL (MEI) AI Stock Analysis

• Market Cap: AU$582.21M
• Dividend Yield: N/A
• Average Volume (3M): 11.70M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.70
• Revenue Growth: N/A
• EPS Growth: 32.49%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 2,646,399,000
• 10 Day Avg. Volume: 22,836,960
• 30 Day Avg. Volume: 11,701,800
• PEG Ratio: 0.25
• Price to Book (P/B): 32.43
• Price to Sales (P/S): 58.80
• P/FCF Ratio: -8.22
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$0.40
• Price Target Upside: 81.82% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): >-0.01
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: AU$0.19 ▼(-12.73% Downside)
• Action: Reiterated Date: 01/30/26
• Date: Action: Reiterated 01/30/26

The score is held back primarily by weak financial performance (losses, negative ROE, and negative operating/free cash flow) despite strong revenue growth. Technicals are relatively supportive with price above key moving averages and positive MACD, but valuation is constrained by negative earnings and no dividend data.

Positive Factors

Strong revenue growth trend

A 696.58% YoY revenue increase demonstrates meaningful project progress or monetization activity. Sustained top-line growth can validate asset economics, attract JV partners or buyers, and expand financing options, improving the company's ability to advance projects over the medium term.

Conservative leverage / low debt

A low debt-to-equity position reduces fixed financing burdens and interest exposure, preserving capacity to raise equity or secure partner funding for exploration. This financial flexibility supports multi-stage project programs and reduces bankruptcy risk over the coming months.

Positioned in rare earths & critical minerals

Concentration on rare earths and critical minerals aligns with durable global demand from EVs, renewables and defense. Structural tailwinds can increase strategic interest, grant/partnership prospects and potential offtake options, improving long-term monetization prospects for projects.

Negative Factors

Negative profitability and margins

Negative EBIT and net margins show the company is not converting revenue into profit. Persistent operating losses reduce retained capital for exploration, increase reliance on external funding, and raise the risk of dilution or asset sales to sustain operations over the medium term.

Negative operating and free cash flow

Negative operating and free cash flows indicate exploration and development spending exceeds internal cash generation. This creates liquidity pressure, forces dependence on markets or partners for funding, and can delay drilling, studies or permitting if financing conditions deteriorate.

Business model reliant on capital raising

As an exploration-stage company dependent on equity raises, farm-ins or asset sales, Meteoric faces financing and dilution risk. Reliance on external capital makes project timelines sensitive to market conditions and can slow advancement if funding windows close.

Meteoric Resources NL Business Overview & Revenue Model

Company Description

Meteoric Resources NL explores for mineral tenements in Brazil, Canada, Western Australia, and Northern Territory. It explores for gold, copper, cobalt, diamond, and silver deposits. The company owns interests in the Palm Springs gold project, which covers an area of approximately 12,500 ha located in Western Australia; the Juruena project located in Brazil; Novo Astro gold project that covers 15 square kilometers situated in Brazil; and the Warrego North IOCG project located in the Northern Territory. It also holds interests in the Mulligan and Mulligan East, Beauchamp, and Iron Mask projects in Ontario, Canada. The company was incorporated in 2004 and is based in West Perth, Australia.

How the Company Makes Money

Meteoric Resources NL does not typically generate recurring operating revenue in the way a producing miner or industrial business does; as an exploration-stage company, it generally funds its activities primarily through capital raising (e.g., issuing equity to investors) rather than sales of products. When it does generate project-related income, it is usually through mining-industry monetization pathways such as: (1) divesting or selling exploration assets or interests in projects to other companies; (2) forming joint ventures or farm-in agreements where a partner funds exploration/development in exchange for an interest (potentially including cash payments, reimbursements, or carried expenditure); and/or (3) advancing a project toward development and ultimately generating revenue from the sale of mineral products if and when a mine is built and brought into production. Specific details on current revenue streams, producing operations, or material commercial offtake/partnership arrangements are not available in this context and are therefore null.

Meteoric Resources NL Financial Statement Overview

Summary

Despite very strong revenue growth (696.58% YoY), profitability and cash generation are weak: negative EBIT/net margins, negative ROE, and negative operating/free cash flow. Low leverage helps, but persistent losses and cash flow pressure keep the score low.

Income Statement

Meteoric Resources NL has shown significant revenue growth, with a 696.58% increase in the latest year. However, the company is struggling with profitability, as indicated by negative EBIT and net profit margins. The high revenue growth is overshadowed by substantial losses, suggesting operational inefficiencies or high costs.

Balance Sheet

The balance sheet reflects a relatively low debt-to-equity ratio, indicating conservative leverage. However, the return on equity is negative, highlighting the company's inability to generate profit from shareholders' equity. The equity ratio is moderate, suggesting a balanced asset structure but with profitability challenges.

Cash Flow

Cash flow analysis reveals negative operating and free cash flows, with a slight decline in free cash flow growth. The ratios of operating and free cash flow to net income are negative, indicating cash flow issues and potential liquidity challenges.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	4.65M	553.60K	0.00	0.00	0.00
Gross Profit	4.65M	553.60K	-19.73K	-21.84K	-18.35K
EBITDA	-36.12M	-44.46M	-37.75M	-3.15M	-10.34M
Net Income	-36.47M	-16.37M	-40.81M	-5.56M	-9.04M
Balance Sheet
Total Assets	17.01M	16.47M	18.09M	2.12M	5.18M
Cash, Cash Equivalents and Short-Term Investments	10.97M	13.87M	17.29M	1.55M	3.97M
Total Debt	322.93K	549.14K	1.75M	0.00	0.00
Total Liabilities	8.58M	8.16M	2.21M	425.66K	527.73K
Stockholders Equity	8.43M	8.31M	15.88M	1.70M	4.66M
Cash Flow
Free Cash Flow	-33.26M	-35.08M	-16.47M	-5.03M	-7.30M
Operating Cash Flow	-32.09M	-33.86M	-16.45M	-5.02M	-7.22M
Investing Cash Flow	-170.02K	26.52M	3.86M	-7.58K	443.41K
Financing Cash Flow	29.33M	5.24M	28.33M	2.61M	4.23M

Meteoric Resources NL Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MEI, the sentiment is Positive. The current price of 0.22 is above the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.20, and above the 200-day MA of 0.16, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 56.12 is Neutral, neither overbought nor oversold. The STOCH value of 34.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MEI.

Meteoric Resources NL Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MEI	52 Neutral	AU$582.21M	-7.50	-435.52%	―	―	32.49%
CTM	51 Neutral	AU$313.61M	-4.82	-53.29%	―	―	―
INR	45 Neutral	AU$415.08M	-15.57	-4.26%	―	―	-12.50%
NTU	44 Neutral	AU$257.69M	-8.29	-377.15%	―	―	32.73%
SYR	41 Neutral	AU$327.88M	-0.70	-30.60%	―	-62.37%	23.19%
OMH	41 Neutral	AU$194.90M	55.21	-3.24%	1.54%	14.64%	-213.25%

Meteoric Resources NL Corporate Events

Meteoric Advances Caldeira Rare Earth Project With Installation Licence Filing

Meteoric Resources NL has submitted all required documentation to obtain an Installation Licence for its Caldeira Rare Earth Ionic Clay Project in Minas Gerais, marking the second step in a three-stage permitting process toward production. The application follows the grant of a Preliminary Environmental Licence in late 2025 and is now under review by the state environmental authority.

The licence submission is underpinned by extensive environmental and social studies, including an Environmental Control Plan with 27 socio-environmental programs and demonstrated compliance with existing conditions and compensation requirements. This milestone advances Meteoric’s path toward development of the Caldeira Project, signalling progress on regulatory approvals that are critical for project construction, future operations and stakeholder confidence in its environmental and social management.

The most recent analyst rating on (AU:MEI) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Meteoric Resources NL stock, see the AU:MEI Stock Forecast page.

Meteoric Pilot Plant Hits Strong Rare Earth Recoveries at Brazilian Project

Meteoric Resources has reported strong performance from its newly commissioned mixed rare earth carbonate pilot plant at the Caldeira Project in Brazil, with magnet rare earth recoveries averaging 70 percent and production reaching up to 2.6 kilograms per day. The results closely match or outperform prior independent test work, validate the project flowsheet, and demonstrate efficient water and reagent recycling.

The pilot plant output is being used to supply samples for offtake partner qualification, de-risk the design of a future commercial plant and support evaluation of further downstream processing in Brazil. Management said the performance strengthens the company’s path toward a definitive feasibility study, licensing and a final investment decision, while testing across additional tenements aims to expand and optimise the project’s resource base.

The most recent analyst rating on (AU:MEI) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Meteoric Resources NL stock, see the AU:MEI Stock Forecast page.

Meteoric Resources Seeks ASX Quotation for New Employee Incentive Shares

Meteoric Resources NL has applied to the ASX for quotation of 2,883,148 new ordinary fully paid shares issued under its employee incentive scheme, with the securities not subject to transfer restrictions and dated 30 January 2026. The move modestly increases the company’s share capital and reflects Meteoric’s ongoing use of equity incentives to attract and retain staff, aligning employee interests with shareholders and potentially diluting existing holdings slightly while reinforcing its commitment to performance-based remuneration.

The most recent analyst rating on (AU:MEI) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Meteoric Resources NL stock, see the AU:MEI Stock Forecast page.

Meteoric Resources clears key approvals and delivers pilot production at Brazilian rare earths project

Meteoric Resources has advanced its Caldeira rare earths project in Brazil, securing a key Preliminary Environmental License that enables it to lodge the final Installation License application needed to begin construction, keeping the project on track for first production in 2028. The company successfully constructed and commissioned a pilot plant at Poços de Caldas, which has produced its first batches of mixed rare earth carbonate, validated key processing stages including full process water recycling, and begun treating ore from the Capão do Mel deposit to support its Definitive Feasibility Study and resource-to-reserve conversion drilling. In parallel, Meteoric consolidated its land position by acquiring 21 additional licences to create a contiguous 67km² southern project area, signed a renewable power supply contract with Brazilian utility CEMIG, and reported a strong cash position alongside indicative support for project financing, collectively reducing development risk and strengthening its strategic position in the global rare earth sector.

The most recent analyst rating on (AU:MEI) stock is a Hold with a A$0.25 price target. To see the full list of analyst forecasts on Meteoric Resources NL stock, see the AU:MEI Stock Forecast page.

Meteoric Resources Director Sells 1 Million Shares in On-Market Trade

Meteoric Resources NL has notified the ASX of a change in the shareholding of director Marcelo de Carvalho, who has sold 1,000,000 fully paid ordinary shares in on-market transactions on 8 and 9 January 2026 at a price of $0.1935 per share. Following the sale, de Carvalho retains 5,123,200 fully paid ordinary shares along with his existing Class C and Class D performance rights, and the company confirmed the trades did not occur during a closed period requiring prior written clearance, indicating routine portfolio management rather than a governance or compliance issue.

The most recent analyst rating on (AU:MEI) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Meteoric Resources NL stock, see the AU:MEI Stock Forecast page.

Meteoric Secures Export Finance Australia Backing for Brazilian Rare Earth Project

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.

Meteoric Wins Key Environmental Approval for Brazilian Rare Earths Project

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.

Meteoric Resources Launches Caldeira Rare Earth Pilot Plant

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.