Meteoric Resources Welcomes Chinese Rare Earth Controls

THE BOURSE WHISPERER: Meteoric Resources (ASX: MEI) welcomed a recent announcement by China’s Ministry of Commerce and General Administration of Customs on 4 April 2025 regarding export controls on certain medium and heavy rare earth-related items.

Meteoric Resources was quick out of the blocks in response to the announcement highlighting it credentials to have capacity to provide an alternative, sustainable supply chain for critical rare earths from the company’s 100 per cent-owned Caldeira ionic clay project in Brazil.

Meteoric claims Caldeira to be one of the highest-grade Ionic Absorption Clay, Rare Earth Element deposits in the world, with a Mineral Resource Estimate of 1.1 billion tonnes of Mineral Resource and Magnetic Rare Earth Oxide recoveries 70 per cent.

The scale and recoverability of the rare earths in the resource emphasise Meteoric’s position as a future low-cost supplier of critical minerals.

“The scale and quality of our Caldeira Project provides a near term, sustainable and long-life solution for the delivery of critical Rare Earths to global supply chains,” Meteoric Resources managing director Stuart Gale said in the company’s ASX announcement.

“Anticipated resource updates for Barra do Pacu and Agostinho will immediately increase future production volumes and with targeted exploration programs we will undoubtedly identify additional Rare Earth Oxides.

“We have the capacity to provide significant and scalable volumes into the global supply chain and will focus on maximising our resource base to support the growing demand for Rare Earths.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE