Each one in plain English, with the numbers worked through for a shareholder.
8 Dec 2025regulatory community update▲ Good
The preliminary licence is on the 19 December state council agenda. Brazil's nuclear safety authority (ANSN) letters say the project is preliminarily exempt from its regulatory control and shows no interference with the nearby decommissioning site, addressing the prosecutor's radiation concerns.
ASX notes the suspension will lift immediately once Meteoric releases its announcement on the preliminary licence media speculation. Administrative notice only.
The 28 November state council vote on the preliminary licence was postponed because the state environmental agency (FEAM) asked for more time to answer federal prosecutor questions. Meteoric says it has already supplied the answers. New vote is targeted for 19 December. This delays the earlier December-quarter licence expectation.
Shares are suspended at the company's request, pending an announcement responding to media speculation about the preliminary licence approval process. Suspension lasts until the announcement or the start of trading on 1 December.
Wet commissioning of the Poços de Caldas pilot plant (25kg/hr) is complete. Ore processing starts now, and first mixed rare earth carbonate is expected in early December, about a week or two later than the late-November target. Cost is A$1.5M, within budget.
17 Nov 2025asset acquisition disposition▲ GoodMajor
Finalises the 2023 purchase of 21 mining licences (49km2) in the southern Caldeira area, keeping total value at US$11.5M. Cash falls from US$7M to US$3M and shares rise from US$1M to US$5M (50M shares at US10c). Licences sit between Capão do Mel, Soberbo and Figueira.
Macquarie WA Forum presentation on Caldeira. Snapshot shows a A$0.175 share price (5 November), 2,640M shares and A$462M market value. Text shown contains no new results.
Signs two contracts with CEMIG, the Minas Gerais state utility, to build a 29km 138kV power line to Caldeira. Initial contracted demand is 16MW (capacity 107MW); Meteoric's share of cost is BRL2.4M (A$0.7M). CEMIG handles permitting.
Meteoric changes its financial year end from 30 June to 31 December to match its Brazilian operations. A six-month transitional report to 31 December 2025 is due March 2026, and the next AGM is planned for May 2026.
The conservation-area council has now consented to operations in the buffer zone around the Pedra Branca area. Resolves the August voting dispute. The company says all municipal consents for the preliminary licence are secured and no delay is expected. Pilot plant commissioning slips to late November.
Annual report for the year to 30 June 2025. The chairman's letter recaps the PFS, the 103Mt maiden reserve and the pilot plant, and says the preliminary licence is on track for the December 2025 quarter. Financial figures are not in the text shown.
Annual corporate governance statement and Appendix 4G for the year to 30 June 2025, lodged as a compliance filing. No operational or financial substance in the text shown.
Final ANSTO continuous pilot (480 hours) achieved 70% magnet rare earth recovery and 60% total recovery, with under 2% impurities in the carbonate. Builds on the PFS testwork (71% and 55% assumed). Bulk samples now go to potential offtake customers.
State regulator SEMAD approves construction and operation of the Poços de Caldas pilot plant, about 25kg of ore an hour, making about 2kg of rare earth carbonate a day. Cost is about A$2M; full operations are planned for late October 2025.
A Pedra Branca conservation-area council vote on buffer-zone consent for Caldeira went against the project. The company says one member voted against his body's instructions, and Caldas City Hall has declared the vote invalid and is reviewing it. The state EPA says the licence timing is not affected.
23 July 2025capital raising announcement▲ GoodMajor
Firm commitments for an upsized A$42.5M placement of about 304M shares at A$0.14, a 9.7% discount to the last price. Pro-forma cash is about A$53.5M. Funds the DFS, pilot plant and permitting; FID now targeted for 2026, not late 2025.
What it means for a shareholder
304m new shares at A$0.140 to raise about A$42.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Pre-feasibility study books a maiden Probable Ore Reserve of 103Mt at 4,091ppm TREO. Pre-production capex is US$443M (up 10% from scoping), pre-tax NPV8 US$821M at consensus pricing, IRR 28%, throughput 6Mtpa. Replaces the scoping study's US$1,403M NPV8 and 40.4% IRR.
Presentation of the 21 July pre-feasibility study results. Snapshot shows A$0.155 share price (18 July), 2,337M shares and A$362M market value. No new information beyond the study announcement.
MTM Critical Metals' own announcement of its non-binding MOU with Meteoric after Flash Joule Heating tests on Caldeira's mixed rare earth carbonate. Repeats Meteoric's release, with 81% terbium recovered in a single flash; adds no new terms.
Meteoric signs a 12-month non-binding MOU with MTM to explore Flash Joule Heating for refining its rare earth carbonate. A single unoptimised test lifted magnet rare earths from about 30% to 72% of the total. MTM is barred from similar Brazil clay deals without Meteoric's consent.
Meteoric is included in Brazil's BRL 5 billion Finep/BNDES strategic minerals funding program and has applied to Finep for funding including a pilot plant and downstream separation. Selected projects are due to be announced around 25 July 2025; no funding is committed yet.
CMI Summit presentation repeats the Caldeira story, now including Barra do Pacu. Snapshot shows A$0.094 share price, 2,336M shares, A$220M market value and A$23.8M cash at 31 March. No new information in the text shown.
Maiden Barra do Pacu resource of 389Mt at 2,204ppm TREO, including 77Mt Indicated at 2,917ppm, takes the global Caldeira resource to 1.5Bt at 2,359ppm. It will go into the upcoming PFS. Follows the December 2024 drilling results.
Following China's 4 April export controls on some medium and heavy rare earths, Meteoric restates scoping study output of those elements and operating costs averaging US$5.33/kg over the first five years. No new results; says Barra do Pacu and Agostinho will feed the PFS.
March corporate presentation repeats the Caldeira case and the 12 March resource update. Snapshot shows A$0.08 share price, A$177M market value and A$29.1M cash at 31 December. No new information in the text shown.
Resource update for Dona Maria 1 & 2 and Cupim Vermelho Norte lifts the Caldeira global resource 50% to 1.1 billion tonnes at 2,413ppm TREO. Measured and Indicated rises 91% to 589Mt. Resolves the pending northern update; Barra do Pacu to follow.
Half-year to 31 December 2024: net loss A$16.8M (versus a A$3.6M profit a year earlier), cash A$29.1M (A$13.9M at June 2024) and net assets A$25.7M. Recaps the 740Mt resource and the scoping study; no new results in the text shown.
S&P Dow Jones index notice: Meteoric is removed from the S&P/ASX 300 effective 24 March 2025, as part of the quarterly rebalance. Not a company announcement; no change to operations or finances.
RIU Explorers Conference presentation repeats the Caldeira story. Snapshot shows A$0.08 share price, A$175M market value and A$29.1M cash at 31 December. No new information in the text shown.