Lynas Acquires Brazilian Miner Meteoric for $672M in Stock Deal, Expanding Rare Earth Portfolio

Published: Oct 10, 2026 09:41 (GMT+8)

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【SMM Rare Earth Flash】 Australian rare earth producer Lynas Rare Earths has announced an all-stock acquisition of Brazilian miner Meteoric Resources for A$968 million (approx. US$672 million). Under the agreement, Lynas will acquire all Meteoric shares at a fixed exchange ratio of 0.0207 new Lynas shares per Meteoric share, representing a premium of over 68% to Meteoric's last closing price. Upon completion, Lynas will gain Meteoric's Caldeira rare earth project in Brazil, potentially expanding its customer base as Western governments push for diversified overseas supply chains.

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