Meteoric Can Jump Start Share Price With Offtake Deals -- Market Talk
Dow Jones
Feb 03
0009 GMT - For Meteoric Resources, binding offtake agreements for its flagship Brazilian rare-earths project will be the key catalyst in 2026. That's the view of its bull at Ord Minnett. Meteoric has been ticking key permitting boxes. Now, it needs to lock in deals with rare-earth refineries outside China for supply from its proposed Caldeira Project. "These are needed to for financing (including non-binding export finance offers) and construction of the operation," says analyst Matthew Hope. Meteoric hopes to start production by 2028. Ord Minnett lifts its price target by 14% to A$0.40/share. Meteoric is up 7.3% at A$0.22. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 02, 2026 19:09 ET (00:09 GMT)
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