Meteoric Resources announced the significant strategic expansion to the tier 1 Caldeira project

Meteoric Resources NL (ASX: MEI) stated that it has entered into a binding agreement to purchase substantial and strategic Ionic Clay Rare Earth Element (REE) licenses contiguous with the most highly promising portions of its Tier 1 Caldeira REE Project in the Brazilian state of Minas Gerais.

The acquisition consists of 21 Licences (2 Mining Licences, 12 Mining Licence Applications, 4 Exploration Licences, and 3 Exploration Licence Applications) covering 49km2, expanding the company's total area covered in this outstanding REE province by 40% to 172km2.

The acquisition combines the previously drilled, highly promising Capo do Mel, Soberbo, and Figueira Licences into a sizable continuous block of land, measuring over 67 km2, in the most potential southern part of the Caldeira Project.

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