Lynas Rare Earths said on 1 October 2026 it will acquire Meteoric Resources through a court-approved scheme in an all-share deal worth about A$968m (US$672m). Meteoric owns the Caldeira ionic-clay rare earths project in Brazil.
Market context
Caldeira is described as the largest known ionic-clay rare earth resource outside China, and Meteoric finished a definitive feasibility study in July 2026. Lynas, now led on an interim basis by Pol Le Roux, says development capex will exceed A$500m and it may consider downstream processing in Brazil.
