Meteoric Resources NL (AU:MEI) has released an update.
Meteoric Resources NL has reported significant progress in the development of its Caldeira Rare Earth Project in Brazil, with a newly signed MOU for offtake of rare earth materials and updates to their mineral resource estimates. The company’s cash balance ensures flexibility for future funding, and the recently released Scoping Study positions the project as one of the world’s lowest cost sources of rare earths. Furthermore, Meteoric has added financial and infrastructure expert Dr. Nomi Prins to its board, enhancing its strategic capabilities.
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