Lynas to Buy Meteoric Resources
Lynas Rare Earths has agreed to acquire Meteoric Resources in a 672 million dollar all-share deal to secure heavy rare earths in Brazil. The transaction gives the company access to the Caldeira project, though some investors questioned the technical risks.
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LYNAS RARE EARTHS LTD agreed on Thursday morning to acquire Meteoric Resources in an all-share deal valued at A$968 million ($672 million). The transaction adds a new source of heavy rare earths to the top Western supplier based in Australia.
