Meteoric Resources NL (AU:MEI) has released an update.
Meteoric Resources NL has signed a memorandum of understanding with Ucore Rare Metals, confirming the future supply of rare earth oxides from its Caldeira Project in Brazil to Ucore’s production facility in Louisiana. The agreement anticipates the annual purchase of 3,000 metric tonnes of these materials, with production slated to begin in the second half of 2027. This partnership aims to establish a Western supply chain for rare earth elements, challenging the current market dominance.
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