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Meteoric Resources NL
(Sydney:MEI)
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Rating:52Neutral
Price Target:
AU$0.22
â–¼(-5.65% Downside)
Action:Reiterated
Date:08/05/26
Overall score is held down primarily by very weak profitability and persistent negative free cash flow, raising ongoing funding/dilution risk despite low leverage. Technicals are a meaningful positive (price above key moving averages with positive MACD), but valuation remains unattractive/uncertain given unprofitability and no dividend support.
Positive Factors
Low leverage / strong solvency
Very low debt reduces near‑term insolvency risk and interest burden, giving management durable financial flexibility. For an exploration company this aids negotiating joint ventures or project sales and provides capacity to deploy or raise project finance without immediate solvency pressure.
Negative Factors
Persistent operating losses
Sustained large net losses materially erode shareholder equity and produce deeply negative returns on capital (ROE ~ -52%). Without a clear path to revenue or partner funding, losses drive dilution risk and reduce the company's ability to internally fund project advancement toward development.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong solvency
Very low debt reduces near‑term insolvency risk and interest burden, giving management durable financial flexibility. For an exploration company this aids negotiating joint ventures or project sales and provides capacity to deploy or raise project finance without immediate solvency pressure.
Read all positive factors
Meteoric Resources NL (MEI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$581.32M
Dividend YieldN/A
Average Volume (3M)8.84M
Price to Earnings (P/E)―
Beta (1Y)2.60
Revenue GrowthN/A
EPS Growth40.63%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding2,906,619,000
10 Day Avg. Volume6,889,886
30 Day Avg. Volume8,842,189
Financial Highlights & Ratios
PEG Ratio0.51
Price to Book (P/B)7.78
Price to Sales (P/S)0.00
P/FCF Ratio-22.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.38Price Target Upside63.77% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.01
Revenue Forecast (FY)N/A
Meteoric Resources NL Business Overview & Revenue Model
Company Description
Meteoric Resources NL is an exploration firm actively identifying mineral deposits across Brazil, Canada, Western Australia, and the Northern Territory. Their search targets valuable commodities such as gold, copper, cobalt, diamonds, and silver. ...
How the Company Makes Money
Meteoric Resources NL’s business model is primarily that of an exploration-stage mining company rather than an operating producer. As a result, the company generally does not generate recurring revenue from product sales unless and until a project...
Meteoric Resources NL Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.30K | 0.00 | 4.65M | 553.60K | 0.00 | 0.00 |
| Gross Profit | -3.25K | -332.95K | 4.65M | 553.60K | -19.73K | -21.84K |
| EBITDA | -40.74M | -28.47M | -36.12M | -44.46M | -37.75M | -3.15M |
| Net Income | -36.47M | -27.85M | -36.47M | -16.37M | -40.81M | -5.56M |
Balance Sheet | ||||||
| Total Assets | 17.01M | 60.31M | 17.01M | 16.47M | 18.09M | 2.12M |
| Cash, Cash Equivalents and Short-Term Investments | 10.97M | 32.39M | 10.97M | 13.87M | 17.29M | 1.55M |
| Total Debt | 322.93K | 227.43K | 322.93K | 549.14K | 1.75M | 0.00 |
| Total Liabilities | 8.58M | 6.46M | 8.58M | 8.16M | 2.21M | 425.66K |
| Stockholders Equity | 8.43M | 53.85M | 8.43M | 8.31M | 15.88M | 1.70M |
Cash Flow | ||||||
| Free Cash Flow | -33.26M | -18.44M | -33.26M | -35.08M | -16.47M | -5.03M |
| Operating Cash Flow | -32.09M | -13.38M | -32.09M | -33.86M | -16.45M | -5.02M |
| Investing Cash Flow | -170.02K | -5.06M | -170.02K | 26.52M | 3.86M | -7.58K |
| Financing Cash Flow | 29.33M | 39.89M | 29.33M | 5.24M | 28.33M | 2.61M |
Meteoric Resources NL Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$581.32M | -16.55 | -51.71% | ― | ― | 40.63% | |
44 Neutral | AU$243.80M | -0.81 | -46.99% | ― | 234.01% | 8.57% | |
43 Neutral | AU$515.01M | -19.98 | -18.64% | 33.33% | ― | 7.79% | |
43 Neutral | AU$324.20M | -14.46 | -3.66% | ― | ― | 30.16% | |
42 Neutral | AU$494.34M | -41.33 | -4.22% | ― | ― | 56.94% | |
40 Underperform | AU$357.10M | -6.09 | -50.73% | ― | ― | -79.69% |
* Basic Materials Sector Average
AU:MEI
Meteoric Resources NL
0.20
0.07
53.85%
AU:SYR
Syrah Resources
0.11
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-53.59%
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Chalice Mining
1.30
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-23.08%
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ioneer Limited
0.11
-0.02
-16.00%
AU:SGQ
St. George Mining Ltd.
0.07
<0.01
12.31%
AU:GLN
Galan Lithium Limited
0.39
0.25
185.19%
Meteoric Resources NL Corporate Events
Meteoric Resources Hosts Webcast on Caldeira Rare Earths DFS
Jul 30, 2026
Meteoric Resources has announced an investor call and webcast to discuss the release of the Definitive Feasibility Study for its Caldeira Rare Earth Project in Brazil. The event, hosted by Managing Director Stuart Gale, is scheduled for this morni...
Meteoric Advances Caldeira Rare Earth Project with Definitive Feasibility Study
Jul 30, 2026
Meteoric Resources has released details linked to the completion of the Definitive Feasibility Study for its Caldeira Rare Earth Project in Brazil. The study underpins production targets and financial forecasts based on defined ore reserves at key...
Meteoric DFS Confirms Strong Economics for Brazil Rare Earth Project
Jul 30, 2026
Meteoric Resources has completed a Definitive Feasibility Study for its Caldeira Rare Earth Project in Brazil, confirming large-scale, low-cost production potential backed by extensive drilling, metallurgical testwork and engineering to Class 3 ac...
Meteoric Strikes POSCO Deal to Anchor Brazil–Korea Rare Earth Supply Chain
Jul 29, 2026
Meteoric Resources has signed a Memorandum of Strategic Partnership with POSCO International to support long-term development and commercial production of rare earths from the Caldeira project in Brazil. The agreement is designed to integrate Cald...
Meteoric boosts Caldeira rare earths credentials with upgraded resources and pilot plant gains
Jul 23, 2026
Meteoric Resources reported strong progress at its Caldeira rare earths project in the June 2026 quarter, advancing all key technical, engineering and commercial workstreams toward completion of a Definitive Feasibility Study. The company also cha...
Meteoric Reaffirms Stability of Caldeira Rare Earth Resource Estimates
Jul 9, 2026
Meteoric Resources has reiterated the robustness of its mineral resource estimates across multiple prospects within the Caldeira Rare Earth Project, including Cupim Vermelho Norte, Dona Maria, Soberbo, Figueira, Capão del Mel and Bara do Pacu...
Meteoric triples measured resources at Brazilian Caldeira rare earth project
Jul 9, 2026
Meteoric Resources has significantly upgraded the mineral resource estimates at its Caldeira rare earth project in Brazil, boosting measured resources by 246% to 128 million tonnes at 2,815 parts per million total rare earth oxides. The global res...
Meteoric Resources Director Restructures Shareholdings via Super Fund Transfer
Jul 3, 2026
Meteoric Resources Limited has reported a change in director Paul Kitto’s interests in the company’s securities, reflecting an internal restructuring of his holdings. The notice details adjustments between his direct shareholding and i...
Meteoric Resources Adopts Limited by Shares Structure and New Constitution
Jul 1, 2026
Meteoric Resources Limited has transitioned from a no liability structure to a company limited by shares following shareholder approval at a general meeting held on 25 June 2026. The change, effective 2 July 2026 and recorded by the corporate regu...
Meteoric Resources Wins Strong Shareholder Backing at General Meeting
Jun 25, 2026
Meteoric Resources NL reported that all resolutions presented to shareholders at its 25 June 2026 general meeting were passed by poll, with strong voting support recorded across the board. The company noted that a total of 530,846,959 proxy votes ...
Meteoric Gains Regulatory Tailwind for Caldeira Rare Earth Project in Brazil
Jun 17, 2026
Meteoric Resources reported steady progress on environmental approvals for its Caldeira Rare Earth Project in Minas Gerais, with Brazil’s State Environmental Foundation completing a comprehensive site inspection and a formal field report exp...
Meteoric Resources Moves to Digital Distribution for June Shareholder Meeting Materials
May 26, 2026
Meteoric Resources NL has called a General Meeting of shareholders to be held on 25 June 2026 in Perth, advising investors that materials for the meeting, including the notice and proxy form, are available electronically via its website and ASX an...
Meteoric Resources Seeks Shareholder Approval to Ratify Major Share Issues
May 26, 2026
Meteoric Resources NL has called a general meeting of shareholders in Perth on 25 June 2026 to approve several share-related resolutions. The agenda includes ratifying prior issues of 249,294,118 placement shares, 6,000,000 additional shares and 1...
Meteoric Issues 16.4 Million Shares Under Cleansing Notice
May 11, 2026
Meteoric Resources NL has issued 16,402,262 fully paid ordinary shares without a prospectus, relying on the cleansing notice provisions of the Corporations Act. The company confirmed it is up to date with its financial reporting and continuous dis...
Meteoric Resources Seeks ASX Quotation for 16.4 Million New Shares
May 11, 2026
Meteoric Resources NL has applied for quotation on the ASX of 16,402,262 ordinary fully paid shares, to be issued on May 11, 2026. The new securities form part of previously announced transactions and will increase the company’s listed share...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.