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Meteoric Resources Limited (ASX:MEI)
ALERT: Price-sensitive ASX Announcement for MEI
Current share price for MEI : $0.165 -0.035 (-17.50%)+
Announcement
Release
29 Apr 2026 8:27AM
Price at Release
$0.200
Full Release
Summary
Meteoric Resources NL announced the completion of a $40 million placement, announced on 22 April 2026, through the issuance of 235 million new fully paid ordinary shares at $0.17 per share to institutional and sophisticated investors. This placement is aimed at funding the advancement and pre-development activities for the company's 100%-owned Caldeira Rare Earth Iconic Absorption Clay Project, moving towards a Final Investment Decision (FID) in 2026. The announcement emphasizes that the document is not intended for release in the United States.
Key Points
- Completion of $40 million placement
- Issued 235 million new fully paid ordinary shares
- Share price set at $0.17 per share
- Funds will advance the Caldeira Rare Earth Project
- Project aims for a Final Investment Decision in 2026
- Release not for US distribution
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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