# Lynas Rare Earths to acquire Meteoric Resources for AUD 968 million

Lynas Rare Earths agreed to acquire Meteoric Resources in an all-scrip transaction valued at approximately AUD 968 million, gaining control of the Caldeira ionic clay deposit in Brazil. The project has a feasibility study outlining a 23-year mine life with average annual output of 12,500 tonnes of rare earth oxides.

- Type: Acquisition
- Announced: 2026-10-03
- Where: Minas Gerais, Brazil
- Value: $650.0M (968.0M AUD)
- Status: announced
- Capacity: 12,500 tonnes of rare earth oxides per year
- Products: rare earth oxides, dysprosium, terbium, neodymium-praseodymium
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Lynas Rare Earths](https://endata.com/companies/9793.md) (acquirer)
- [Meteoric Resources](https://endata.com/companies/78248.md) (target)

## Sources

- [ad-hoc-news.de](https://www.ad-hoc-news.de/boerse/news/unternehmensnachrichten/lynas-buys-its-way-into-brazil-s-clay-belt-as-bndes-circles-the-refinery/70219038), 2026-10-03: "Lynas agrees to acquire Meteoric Resources for about AUD 968 million, gaining Brazil's Caldeira ionic clay deposit in a bid to counter China's heavy rare earths dominance."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.