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Meteoric Resources NL ( (AU:MEI) ) just unveiled an update.
Meteoric Resources NL has released its September 2025 Quarterly Activities Report, highlighting the completion of a Pre-Feasibility Study (PFS) for its Caldeira Rare Earth Project. The study confirms the project’s potential as a world-class, long-life operation with strong mining, processing, and financial metrics. The company has declared a maiden Ore Reserve, enhancing confidence in the project’s ability to recover high-value magnetic rare earth oxides. The PFS results indicate higher rare earth element production at lower capital intensity, with significant metallurgical testwork supporting the process design. Meteoric has also commenced construction of a pilot plant in Brazil, with commissioning expected in November 2025. The company successfully raised $42.5 million through an equity placement, reflecting strong institutional investor support. Meteoric is well-capitalized, with a cash balance of $44.4 million, and is progressing with permitting timelines to ensure the project’s development remains on track.
The most recent analyst rating on (AU:MEI) stock is a Buy with a A$0.30 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 operates in the mining industry, focusing on the exploration and development of rare earth projects. The company’s primary product is rare earth oxides, with a significant emphasis on magnetic rare earth elements, which are crucial for various high-tech and clean energy applications. Meteoric Resources is strategically positioned in the rapidly growing rare earth market, aiming to meet the increasing demand and diversification of the rare earth supply chain.
Average Trading Volume: 11,524,267
Technical Sentiment Signal: Buy
Current Market Cap: A$647M
Find detailed analytics on MEI stock on TipRanks’ Stock Analysis page.