Lynas acquires Meteoric Resources for USD 671 million and takes control of the Caldeira project in Brazil

FinanceInternationalLexLatinOct 23, 2026, 8:25 PM35 s readAI summary

Australian miner Lynas Rare Earths acquired Meteoric Resources through a scheme of arrangement governed by Australian law, in a deal announced on September 30 worth 671 million US dollars. The transaction consisted solely of a share exchange of 0.0207 Lynas shares for each Meteoric share, a 68.4% premium, and is expected to close in March 2027 subject to regulatory, judicial and shareholder approvals. With the deal, Lynas takes control of the Caldeira ionic clay project in Minas Gerais.

In 35 seconds

Lynas will pay USD 671 million for Meteoric through a share exchange, at a 68.4% premium.
Closing is expected in March 2027, subject to regulatory, judicial and shareholder approvals.
Caldeira, in Minas Gerais, has an estimated 802,000 tonnes of neodymium-praseodymium oxides.

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IASummary generated by artificial intelligence from a story by LexLatin. It may contain errors: the original source prevails.

tierras raras
minería
fusiones y adquisiciones
Brasil
Australia

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Lynas acquires Meteoric Resources for USD 671 million and takes control of the Caldeira project in Brazil

In 35 seconds

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Keep reading

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