Lynas launches $968m Meteoric acquisition

By Samantha Bawden

Thursday, 1 October 2026
InternationalNews
Lynas Rare Earths (ASX: LYC) is set to acquire Meteoric Resources (ASX: MEI) and its flagship Cladeira rare earth project in Brazil in an all-scrip deal valuing Meteoric at about $968m.

The MOU supports Metallium’s plan to develop a national network of e-waste processing facilities, strategically located near major e-waste collection hubs, rapidly expanding U.S. data centre industrial parks and regional industrial corridors with strong logistics and waste generation.

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