Meteoric Resources NL (MEI.AX)

UPDATE 1-Australia's Meteoric signs preliminary deal with Neo Performance to supply rare earths

Australia's Meteoric Resources will supply 3,000 metric tonnes of rare earth oxide per year to Toronto-listed Neo Performance Materials under a preliminary agreement, the companies said on Thursday. Neo's rare earth separation factory in Estonia is expected to purchase the rare earth oxide from the initial output of Meteoric's Caldeira project in Brazil.