Meteoric Resources
Meteoric Resources is an Australian-listed (ASX: MEI) mineral developer advancing the Caldeira Rare Earths Project in Minas Gerais, Brazil. It targets production of refined Mixed Rare Earths Carbonate from ionic clay deposits to supply clean energy, defense, and advanced manufacturing customers.
- Company typePublic
- Founded2004
- HeadquartersPerth, Australia
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Meteoric Resources does
Meteoric Resources NL is an Australian-listed (ASX: MEI) mineral development company focused on the Caldeira Rare Earths Project in the Minas Gerais state of Brazil. The company acquired Caldeira in March 2023 and has since concentrated its resources on progressing this single asset, which it describes as the world's largest ionic absorption clay rare earth deposit outside China. The project comprises 77 mining licenses spanning over 193km² and contains a high-grade 1.5 billion tonne Mineral Resource supporting a 20-year mine plan that targets more than 13,500 tonnes per annum of rare earth oxide production.
The Caldeira project's technical approach centers on ionic absorption clay rare earth mineralisation processed via a simple ammonium leaching wash to produce refined Mixed Rare Earths Carbonate (MREC). This metallurgy has been validated through pilot-scale testwork at ANSTO (Australian Nuclear Science and Technology Organisation). The soft, clay-hosted mineralisation eliminates the need for drill-and-blast mining and conventional tailings storage facilities, with unmineralised clays dewatered and dry restacked. The company positions the project as having lower cost, capital intensity, and energy intensity than conventional hard-rock rare earth deposits, with access to renewable energy from the CEMIG hydro/solar/wind grid.
The business is pre-revenue with no current product sales. Meteoric Resources plans to generate revenue through direct B2B sales of refined MREC to manufacturers in clean energy and EV, defense and aerospace, and consumer electronics end-markets. Capital is being sourced via equity raises and development finance, including a non-binding US$100 million financing commitment from Export Finance Australia signed in January 2026. The company is actively seeking strategic partners, offtake agreements, and additional capital, with executive engagements at forums including the Future Minerals Forum in Riyadh and direct advocacy with Brazilian federal officials.
Meteoric Resources firmographics
Firmographics- Name
- Meteoric Resources
- Legal name
- Meteoric Resources NL
- Website
- https://meteoric.com.au
- Company type
- Public
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Meteoric Resources is an Australian-listed (ASX: MEI) mineral developer advancing the Caldeira Rare Earths Project in Minas Gerais, Brazil. It targets production of refined Mixed Rare Earths Carbonate from ionic clay deposits to supply clean energy, defense, and advanced manufacturing customers.
- Ownership category
- akta.pro rank
Meteoric Resources industry classification
Industry- Product category
- Rare Earth Mining
- NAICS
- Ground or Treated Mineral and Earth Manufacturing (327992)
- SIC
- Miscellaneous Metal Ores (1090)
- akta.pro primary industry
- Rare Earths Mining & Concentrates (REE Ores) (IMAKAFAG)
- akta.pro secondary industry
- Rare Earths Separation & Refining (Oxides/Metals) (IMAKAFAH)
Keywords
Where Meteoric Resources is headquartered
LocationHeadquarters
- HQ city
- Perth
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
Meteoric Resources business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Infrastructure, Supply Chain, Technology or R&D, Personnel, Marketing or Sales
Revenue model
- Rare Earth Products Sales: Pre-revenue mining company developing the Caldeira Rare Earths Project in Minas Gerais, Brazil. Upon production, the company will generate revenue from selling refined Mixed Rare Earths Carbonate (MREC) products derived from ionic absorption clay deposits. The 20-year mine plan shows industry-leading operating costs with prioritisation of very high-grade ore in the first 10 years.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
Meteoric Resources product offering
Product offeringCore offering
Meteoric Resources is developing the Caldeira Rare Earths Project in Minas Gerais, Brazil, an ionic absorption clay deposit from which it will produce refined Mixed Rare Earths Carbonate (MREC) for sale to downstream industrial customers. The project targets over 13,500 tonnes per year of rare earth oxide production using low-cost ammonium leach processing of soft clay-hosted mineralization, with the company positioning itself as a sustainable, non-Chinese supplier of specialty rare earths for clean energy, defense, and electronics applications.
Product overview
Meteoric Resources is focused on the development of its flagship Caldeira Rare Earths Project, an ionic absorption clay rare earth deposit in Brazil. The project produces refined mixed rare earths carbonate (MREC) product using a low-cost, low-carbon processing method. The Caldeira Project represents the company's sole focus, with the scale and characteristics to be a true disruptor of the global rare earths industry. The company aims to become the world's lowest cost producer of sustainable specialty rare earths products.
Differentiator
Problem solved
Functional benefit
Products and services
- Caldeira Rare Earths Project Ionic absorption clay rare earth deposit in Minas Gerais, Brazil, with a high-grade +1.5 billion tonne Mineral Resource across 77 licenses covering over 193 km². Designed to supply specialty rare earth products to manufacturers in the clean energy, defense, and electronics sectors with a 20-year mine life.
- Mixed Rare Earths Carbonate (MREC) Refined mixed rare earths carbonate produced from the Caldeira deposit via a simple ammonium processing wash of ionic clay mineralization. Sold to industrial manufacturers requiring neodymium, praseodymium, dysprosium, and terbium for permanent magnets used in EV motors, wind turbine generators, defense systems, and consumer electronics.
Quantifiable outcome
- Project targeting over 13,500 tonnes per year of rare earth oxide production
- +2 more outcomes
Companies that use Meteoric Resources
Customer profileSegments3 records
Ideal customer profiles3 records
Meteoric Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Meteoric Resources partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered major and core.
- Strategic Partners (miners and trading companies)majorMeteoric Resources is actively seeking strategic partnerships with miners and trading companies across multiple regions for its Caldeira project. The company scheduled investor meetings at the Future Minerals Forum in Riyadh, including courting potential backers in Saudi Arabia and other regions to support project development and offtake agreements.
- ANSTO (Australian Nuclear Science and Technology Organisation)coreANSTO pilot plant has been conducting metallurgical testwork for the Caldeira Rare Earth Project. This pilot-scale testing has significantly de-risked the process flowsheet and demonstrated the viability of producing refined MREC product at lower cost and energy intensity.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Meteoric Resources competitors and assessment
Company assessmentDirect peers
- Lynas Rare Earths: Largest non-China producer of separated rare earths (Mt Weld in Western Australia). Direct peer to Meteoric as a publicly listed REE miner/refiner positioning to supply Western customers outside Chinese dominance; analogous ASX-listed profile, though uses hard-rock feedstock rather than ionic clay.
- MP Materials: Owner and operator of the Mountain Pass mine in California, the largest REE mine in the Western Hemisphere. Comparable to Meteoric as a publicly listed REE producer pursuing Western supply chain de-risking; differs on feedstock (hard rock bastnäsite vs ionic clay) and stage (producing vs pre-construction).
- Arafura Resources: ASX-listed developer of the Nolans NdPr project in Australia's Northern Territory. Most directly comparable in stage (pre-construction REE developer), listing venue (ASX), and target customer base (NdPr magnet materials for EVs and wind), though Nolans is a hard-rock apatite deposit rather than ionic clay.
- Iluka Resources: Australian mineral sands and rare earths developer building a rare earths refinery at Eneabba. Comparable to Meteoric as an ASX-listed REE player pursuing downstream processing of monazite/xenotime feedstock; similar Western supply chain thesis and Australian regulatory backdrop.
- Pensana plc: Developer of the Longonjo NdPr project in Angola and the Saltend processing hub in the UK. Comparable to Meteoric as a Western-aligned NdPr-focused developer pursuing integrated mine-to-separation supply outside China; similar pre-production stage with analogous offtake and financing challenges.
- Energy Fuels: US-based uranium and rare earths processor with monazite cracking capability at White Mesa Mill. Comparable to Meteoric as a Western-aligned REE refiner pursuing non-China separated REE output, though focused on hard-rock monazite feedstock rather than ionic clay.
- Viridis Mining & Minerals: ASX-listed developer of the Colossus ionic clay rare earths project, also located in Minas Gerais, Brazil. The closest direct peer to Meteoric — same feedstock type (ionic clay), same Brazilian jurisdiction, same offtake thesis, and notably affected by the same Brazilian Federal Prosecution Service licensing recommendation referenced in Meteoric's regulatory record.
- Peak Resources: ASX-listed developer of the Ngualla NdPr project in Tanzania. Comparable to Meteoric as a pre-construction NdPr-focused REE developer targeting non-China supply, though at an earlier permitting stage and operating in a different jurisdiction.
- Serra Verde Group: Developer of the Pela Ema ionic clay REE project in Minaçu, Goiás State, Brazil — a non-China ionic clay REE developer operating in the same country as Meteoric. Closely comparable on feedstock technology, Brazilian operating environment, and Western supply chain thesis.
Emerging players
- Ucore Rare Metals: Canadian-listed developer of the Bokan Mountain REE project in Alaska and the Kingston Ontario rare earth processing facility. Comparable to Meteoric as a Western-aligned junior pursuing mine-to-separation supply outside China, though earlier stage and focused on heavy rare earths rather than the NdPr-dominated MREC basket.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Meteoric Resources social profiles
Digital presenceMeteoric Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Meteoric Resources leadership team
Management profileNumber of profiles
Profiles6 records
Meteoric Resources subsidiaries and ownership
Company hierarchySubsidiaries1 record
Meteoric Resources funding detail
Funding detailFunding overview
Funding rounds3 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Meteoric Resources M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Meteoric Resources
What does Meteoric Resources do?
Meteoric Resources is developing the Caldeira Rare Earths Project in Minas Gerais, Brazil, an ionic absorption clay deposit from which it will produce refined Mixed Rare Earths Carbonate (MREC) for sale to downstream industrial customers. The project targets over 13,500 tonnes per year of rare earth oxide production using low-cost ammonium leach processing of soft clay-hosted mineralization, with the company positioning itself as a sustainable, non-Chinese supplier of specialty rare earths for clean energy, defense, and electronics applications.
Is Meteoric Resources a public or private company?
Meteoric Resources is a public company. It is classified as public and is currently operating.
When was Meteoric Resources founded?
Meteoric Resources was founded in 2004. It employs 1 to 10 people.
Where is Meteoric Resources based?
Meteoric Resources is headquartered in Perth, Australia, in the Oceania region.
How does Meteoric Resources make money?
One revenue line is on record: rare Earth Products Sales.
Who are Meteoric Resources's main competitors?
Direct peers on record are Lynas Rare Earths, MP Materials, Arafura Resources, Iluka Resources, Pensana plc, Energy Fuels, Viridis Mining & Minerals, Peak Resources and Serra Verde Group. Ucore Rare Metals is listed as an emerging player.
Does Meteoric Resources have an API?
No public API is recorded for Meteoric Resources.
What industry is Meteoric Resources in?
Meteoric Resources's product category is Rare Earth Mining. Its primary akta.pro industry code is IMAKAFAG, Rare Earths Mining & Concentrates (REE Ores), with a secondary code of IMAKAFAH, Rare Earths Separation & Refining (Oxides/Metals). Its NAICS code is 327992 and its SIC code is 1090.