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Meteoric Resources Limited (ASX:MEI)

ALERT: Price-sensitive ASX Announcement for MEI
Current share price for MEI : $0.190 0.015 (8.57%)+
Announcement
Release
18 Jun 2026 8:35AM
Price at Release
$0.175
Full Release
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Summary
Meteoric Resources NL provided an update on the licensing process for its Caldeira Rare Earth Project in Minas Gerais, Brazil. The environmental licensing is proceeding smoothly, with the State Environmental Foundation (FEAM) recently completing a site inspection. Key Brazilian regulatory agencies have supported the project's compliance with environmental and social standards. The company submitted its Installation License (LI) application in March 2026, expecting approval by late 2026. Meteoric has been actively engaging with local and indigenous communities to foster support and ensure positive social impacts. The company plans to make a final investment decision once the LI is secured.
Key Points
  • Meteoric Resources NL is advancing the environmental licensing process for its Caldeira Rare Earth Project in Minas Gerais, Brazil.
  • The State Environmental Foundation (FEAM) completed a comprehensive site inspection, with a field report expected soon.
  • Key Brazilian federal agencies have validated the project's environmental and social metrics, ensuring compliance with statutory guidelines.
  • Meteoric submitted the Installation License (LI) application to FEAM in March 2026, with a decision expected in the December quarter of 2026.
  • Meteoric engaged actively with federal agencies including ANSN, IBAMA, and INB, confirming no radiological risks and no interference with nearby decommissioning sites.
  • The company maintains a strong relationship with local and indigenous communities, supporting initiatives in infrastructure, education, and health.
  • Meteoric anticipates making a final investment decision for construction upon securing the LI by late 2026.
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.