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Meteoric gain in junior's shares on big Brazil rare earth deal

SHARES in Meteoric Resources are ablaze after the company announced the potential US$20 million acquisition of a "potential world class" ionic clay rare earths project in Brazil's Minas Gerais state called Caldeira.

Michael Quinn
An example of REE enriched clay from the Capo do Mel pit

An example of REE enriched clay from the Capo do Mel pit

Meteoric, which has paid A$200,000 to the vendor for a due diligence period ending early April, said Caldeira is a 15km long, ultra-high-grade ionic clay deposit that is completely open at depth.   ...

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