Meteoric Resources NL (AU:MEI) has released an update.
Meteoric Resources NL reported remarkable drilling results at its wholly-owned Caldeira Rare Earth Ionic Clay Project in Brazil, indicating significant zones of high-grade rare earth mineralization and improved metallurgical recoveries of key elements like Praseodymium and Neodymium. The advancements at Caldeira, which is poised to support clean energy initiatives with its output of critical magnetic rare earth elements, have bolstered the company’s position with an 8% increase in recovered Total Rare Earth Oxides (TREO) and an endorsement via a non-binding letter of support from the United States Export-Import Bank for up to $250m. The promising developments are complemented by Meteoric’s inclusion in the S&P/ASX 300 Index and the strategic appointment of a new Chief Financial Officer.
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