Lynas Rare Earths Ltd

LYC: XASX (AUS)
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Lynas: Expands Into Brazil Through Purchase of Meteoric and Its Caldeira Rare Earths Project

Lynas has agreed to buy Meteoric Resources, owner of the Caldeira rare earths project in Brazil. Meteoric shareholders will receive 0.0207 Lynas shares for each share they own. The deal is due to complete in early 2027, subject to Meteoric shareholder and regulatory approvals, among others.

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