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Meteoric Resources

ASX:MEI
No current share price held for this company.
No price history held for this listing yet.
Market cap
—
Shares on issue
—
Story beats
197 since 2006
Last event
1 Oct 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

29 Apr 2026capital raising announcement● Neutral

The A$40M placement announced 22 April is completed, with 235M new shares issued at A$0.17. Proceeds go toward advancing Caldeira to a final investment decision in 2026.

What it means for a shareholder

235m new shares at A$0.170 to raise about A$40.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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22 Apr 2026capital raising announcement▲ GoodMajor

Firm commitments for a A$40M placement of about 235M shares at A$0.17, nil discount to last close, to fund the DFS, licensing, pilot plant and infill drilling. Pro-forma cash is about A$58M, versus A$32.4M at December. Not underwritten.

What it means for a shareholder

235m new shares at A$0.170 to raise about A$40.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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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.

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29 Aug 2024capital raising announcement● NeutralMajor

The share purchase plan drew only A$420,046 of applications, so a further A$3M was placed to investors at the same A$0.11. Total new shares are about 31M. Pro-forma cash is about A$44M. Completes the 26 July raising.

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5 Aug 2024capital raising announcement● Neutral

Share purchase plan opens, offering eligible shareholders A$500 to A$30,000 of shares at A$0.11 to raise about A$5M, closing 23 August. Administrative mailing of offer documents; no new information beyond the 26 July announcement.

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2 Aug 2024capital raising announcement● Neutral

The A$27.5M placement is completed: 250M new shares issued at A$0.11. The share purchase plan for up to A$5M at the same price opens 5 August and closes 23 August. Confirms the 26 July raising.

What it means for a shareholder

250m new shares at A$0.110 to raise about A$27.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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26 July 2024capital raising announcement● NeutralMajor

Raising A$27.5M via placement of about 250M shares at A$0.11, an 8.3% discount to the last close, plus a up-to-A$5M share purchase plan at the same price. Pro-forma cash about A$41M, to fund a PFS, demonstration plant and approvals. This dilutes existing holders.

What it means for a shareholder

250m new shares at A$0.110 to raise about A$27.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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4 Apr 2023capital raising announcement● NeutralMajor

Firm commitments for a $25M placement of 200M shares at $0.125, a 13.8% discount to last close, replacing the failed Juruena money. It funds the US$5M Caldeira completion payment and 2023 work. Andrew Tunks becomes Executive Chairman; Burke steps down to non-executive.

What it means for a shareholder

200m new shares at $0.125 to raise about $25.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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13 Dec 2021capital raising announcement▲ Good

The share purchase plan closed oversubscribed: $1,088,100 from 136 applications at $0.017, all accepted in full. Completes the November raising, which with the $1.7M placement totals about $2.8M. Shares issue 15 December.

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13 Dec 2021capital raising announcement● Neutral

Supplementary prospectus lifts the share purchase plan to $1,088,100 (from $1.02M) so all valid applications are accepted; 64,005,832 new shares and 12,801,126 options will be issued, taking shares on issue to 1,526,297,371.

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10 Nov 2021capital raising announcement● Neutral

Prospectus for the share purchase plan: up to $30,000 per eligible shareholder at $0.017 per share, to raise up to $1.02M, with free 1-for-5 options at $0.024. Underwritten by CPS Capital. Formalises the 3 November raising; no new terms.

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3 Nov 2021capital raising announcement● NeutralMajor

Raising $1.7M via a placement of 100M shares at $0.017, with 1-for-5 attaching options at $0.024 expiring 28 May 2023. A fully underwritten share purchase plan for up to $1.02M follows on the same terms. Funds go to Juruena and Butchers Creek studies; the company is also doing due diligence on other gold projects.

What it means for a shareholder

100m new shares at $0.017 to raise about $1.7m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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15 Dec 2020capital raising announcement● NeutralMajor

Placement of 70.2M shares at $0.057 to raise $4M, a 9.5% discount to the last price, with one free three-year $0.10 option per two shares. Tolga Kumova takes $1M; a Keith Biggs-led syndicate $2M. Funds go to Palm Springs and Juruena drilling.

What it means for a shareholder

70.2m new shares at $0.057 to raise about $4.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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20 Nov 2019capital raising announcement▲ GoodMajor

Meteoric has firm commitments to raise $7M via 140M shares at 5c, a 12% discount to the last price of 5.6c. It follows the $2.7M August placement and will fund 5,000m more drilling at Juruena and 3,000m diamond plus 20,000m aircore/percussion at Novo Astro.

What it means for a shareholder

140m new shares at $0.050 to raise about $7.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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12 Aug 2019capital raising announcement▲ GoodMajor

Meteoric raises $2.7m through a placement of 84,375,000 shares at 3.2c to institutional and sophisticated investors, with CPS Capital as lead manager. Funds expand drilling so Juruena and Novo Astro can be drilled at the same time. This is well above the 1c paid in the earlier raising.

What it means for a shareholder

84.4m new shares at $0.032 to raise about $2.7m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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16 Apr 2019capital raising announcement▲ Good

The share purchase plan closed on 12 April with applications of $1.76m against the $750,000 cap at 1c a share. Applications will be scaled back at the board's discretion. Final allocations are still to come.

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26 Mar 2019capital raising announcement● NeutralMajor

Meteoric offers eligible shareholders a share purchase plan of up to $15,000 each at 1c a share, capped at $750,000 (75m shares). Funds go to Juruena drilling, Novo Astro geophysics and working capital. It is part of the raising announced with the acquisition.

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19 Dec 2017capital raising announcement▲ GoodMajor

The share purchase plan closed over 3.7 times oversubscribed, with 399 applications for $4.605m against the $1.24m cap, so all were scaled back proportionally. With the earlier placement, Meteoric says it has about $5m cash.

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30 Nov 2017capital raising announcement● Neutral

Details of the share purchase plan: existing holders can buy up to $15,000 of shares at $0.062, capped at $1.24m (20m shares). Expected to open 7 December and close 14 December. Follows the 28 November raising; funds go to cobalt and Midrim exploration.

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28 Nov 2017capital raising announcement● NeutralMajor

Meteoric is raising $4.34m before costs: a $3.10m placement of 50m shares at $0.062 (5.2% discount to the 5-day average price) plus a $1.24m share purchase plan at $0.062 underwritten by CPS Capital. Funds 2018 cobalt and Midrim exploration. 30 million options also vested.

What it means for a shareholder

50.0m new shares at $0.062 to raise about $3.1m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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26 May 2017capital raising announcement● Neutral

Meteoric issued 25,209,741 shares under its 7.1A capacity (9.05% dilution), taking shares to 278.48 million, alongside a further 37,990,259 under 7.1. CPS Capital fully underwrites, with 6% commission. This is the first tranche of the $0.011 raising.

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15 Feb 2017capital raising announcement● NeutralMajor

Meteoric agreed a placement of 50 million shares at $0.0091 each to raise $455,000, handled by CPS Capital. Funds are for existing projects, new opportunities and working capital. Issued under the approval given at the 18 November 2016 AGM.

What it means for a shareholder

50.0m new shares at $0.0091 to raise about $455,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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23 Sept 2015capital raising announcement● Neutral

Shareholder notice and call form for the $0.20 call on partly paid shares, seeking up to $5.5 million by 14 October 2015. Fully paid shares last traded at $0.008. Directors do not intend to pay the call on their own holdings. Unpaid shares may be forfeited.

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16 Sept 2015capital raising announcement▲ GoodMajor

Meteoric will make a first and final call of $0.20 per partly paid share (MEICA), to raise about $5.5 million before costs. Payment is due 14 October 2015. Shares are then to convert to fully paid.

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29 Apr 2015capital raising announcement● NeutralMajor

Meteoric placed 14 million shares at $0.008 to raise $112,000, with a further 30 million shares at $0.008 ($240,000) subject to shareholder approval. Funds go to existing projects, new opportunities and working capital. CPS Capital manages the raising.

What it means for a shareholder

14.0m new shares at $0.008 to raise about $112,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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28 Nov 2013capital raising announcement● Neutral

Shortfall shares issued, completing the rights issue: fully paid shares now 113,253,682, with 27.5m contributing shares unchanged. Closes the rights issue thread; about $422,000 gross raised in total.

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21 Nov 2013capital raising announcement● Neutral

Rights issue closed with shareholders taking up only 4.46m of 15.64m shares (28.5%, $120,512). The remaining 11.18m shares ($301,763) fall to underwriter CPS to place by 27 November, so the full raise is expected to be met.

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21 Oct 2013capital raising announcement● Neutral

Replacement shareholder letter confirms the rights issue price was cut to $0.027 from $0.0275 to comply with ASX rules, raising about $422,275. Post-offer fully paid shares would be 113.25m. Costs about $45,000. Re-issue of prior terms.

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18 Oct 2013capital raising announcement● Neutral

Shareholder letter on the rights issue: 1-for-8 at $0.0275, about $430,095, fully underwritten by CPS, with about $45,000 in costs. Proceeds fund exploration, acquisition due diligence and working capital. 5m underwriter options are to be issued. Largely repeats prior notices.

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18 Oct 2013capital raising announcement● Neutral

Replacement compliance notice for the 1-for-8 rights issue: about 15.64m shares, now priced at 2.7 cents to raise about $422,275, fully underwritten by CPS. Underwriter must keep any shortfall holder below 10% voting power. Administrative update to the earlier terms.

What it means for a shareholder

15.6m new shares at $0.027 to raise about $422,275. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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