Meteoric Says Environmental Licence Clears Path for Construction Approval at Brazil Project; Shares Fall 5%

MT Newswires Live

01/28

Meteoric Resources NL (ASX:MEI) said the receipt of the preliminary environmental license allows the company to move on to the installation license, the next approval required to start construction at the Caldeira project in Brazil, according to a Wednesday filing with the Australian bourse.

The company said that it is well-positioned to move to a positive final investment decision on the project.

Shares of the company fell 5% in recent Wednesday trade.

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