Meteoric Resources Limited MEI

The transaction would give Lynas access to the Caldeira ionic clay rare earth project in Brazil's Minas Gerais state.

The deal gives Lynas a foothold in Brazil’s growing rare-earths industry and comes amid a race to rebuild rare-earths production outside China.

Investing.com -- Lynas Rare Earths (ASX:LYC) shares fell sharply on Thursday after the miner agreed to acquire Brazilian rare-earth developer Meteoric Resources in an all-share deal valued at A$968 million ($672 million).

Under the terms of the agreement, POSCO could receive up to 30% of Caldeira’s rare earth material for a period of up to seven years.

Meteoric Resources NL (ASX:MEI, OTC:METOF, FRA:RNF) has strengthened its tenure over the Caldeira Rare Earths Project in Minas Gerais, Brazil, after executing an amendment agreement with joint venture partner Togni S/A Materiais Refratários. The agreement consolidates Meteoric’s interests in...

Meteoric Resources (ASX:MEI) has released a positive Pre-Feasibility Study for its Caldeira rare earths project in Brazil, confirming the project’s resource quality and recovery potential. The company is now constructing a pilot plant to further validate these results. See our latest analysis for Meteoric Resources. This upbeat Pre-Feasibility update comes as Meteoric Resources continues its strong run, with the share price climbing 129.89% year-to-date and the one-year total shareholder...

Meteoric Resources recently announced the completion of a positive Pre-Feasibility Study for its Caldeira Project in Brazil, alongside active construction of a pilot plant to validate these findings and produce Mixed Rare Earth Carbonate for potential offtakers. This progress, combined with supportive actions and expedited permitting pathways from the Brazilian government, signals accelerated development for one of the country's emerging rare earths projects. We’ll explore how government...