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Meteoric Resources Secures $40M Placement to Propel Rare Earths Project
9:44am on Wednesday 22nd of April, 2026 AEST
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Mining
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Meteoric Resources Secures $40M Placement to Propel Rare Earths Project
9:44am on Wednesday 22nd of April, 2026 AEST
Key Points
Placement raises $40 million at $0.17 per share with no discount
Funds earmarked for DFS completion, environmental licensing, and pilot plant operations
Pro-forma cash balance to reach ~$58 million post-placement
Strong institutional and global critical minerals fund support
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Meteoric Resources (ASX:MEI)
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