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The latest announcement is out from Meteoric Resources NL ( (AU:MEI) ).
Meteoric Resources NL has received consent from the Council of Management for the Environmental Protection Area of Pedra Branca to commence operations within the Buffer Zone of the Ecological Sanctuary of Serra da Pedra Branca. This approval is a crucial step in the environmental licensing process for the Caldeira Ionic Clay Rare Earth Project. The company has completed all necessary municipal consents and is progressing with the Minas Gerais Environmental Protection Agency for the final stages of its Preliminary Licence approval. The project remains on schedule, with the construction of a pilot plant nearing completion and production expected in late November. This development is expected to solidify Meteoric’s position in the rare earth elements industry and contribute to alternative supply chains.
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 a company operating in the mining industry, focusing on the extraction and development of rare earth elements. The company is particularly involved in the Caldeira Ionic Clay Rare Earth Project, which is known for its high-grade ionic absorption clay deposits. Meteoric Resources is committed to developing alternative supply chains for rare earth elements, with a significant market focus on the Municipality of Caldas in Brazil.
Average Trading Volume: 8,800,088
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$382.9M
For detailed information about MEI stock, go to TipRanks’ Stock Analysis page.