Meteoric eyes best day in over 9 years on buying REE project in Brazil

Meteoric Resources NL

16/12/2022 24:41

** Shares of Australia's Meteoric Resources NL  MEI.AX  more
than double to A$0.040, set to mark their best day since Aug. 1,
2013, if gains hold
    ** Stock hits highest since Aug. 17, 2021 
    ** Diversified minerals explorer says it will acquire Ionic
Clay Rare Earth Element (REE) project in the Minas Gerais State
of Brazil  
    ** Adds project comprises 30 licenses (21 mining licenses
and 9 mining licence applications) and has previously had
significant exploration of REE
    ** About 66.6 mln shares change hands, compared with the
30-day moving average of 1.5 mln shares
    ** Stock has fallen 11.1% this year, as of last close
 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))