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Lynas Rare Earths to acquire Meteoric Resources for $674M

PRIVATEOct 18, 2026

Acquiring Company

Lynas Rare Earths

Acquired Company

Meteoric Resources

PerthManufacturingMiningMiningMineral

Description

Lynas Rare Earths has announced its intention to acquire Meteoric Resources in a transaction valued at approximately USD 674 million. The acquisition will enhance Lynas's resource base, particularly through the Caldeira project in Brazil. Lynas has already committed funding to Meteoric to facilitate the deal, pending necessary approvals. This strategic move aims to expand Lynas's operations and capabilities in the rare earth sector.

Company Information

Company

Lynas Rare Earths

About

Lynas Rare Earths is a leader in rare earth materials, focusing on sustainable practices in the mining and production processes. The company is known for its significant role in global supply chains for key industrial and electronic applications. Their operations are primarily based in Malaysia and Western Australia.

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Frequently asked

Who acquired Meteoric Resources?

Meteoric Resources was acquired by Lynas Rare Earths. The deal was reported on October 18, 2026. Lynas Rare Earths is a leader in rare earth materials, focusing on sustainable practices in the mining and production processes. Lynas Rare Earths is privately held and operates in Manufacturing.

When did Lynas Rare Earths acquire Meteoric Resources?

Lynas Rare Earths's acquisition of Meteoric Resources was reported on October 18, 2026. Lynas Rare Earths has announced its intention to acquire Meteoric Resources in a transaction valued at approximately USD 674 million. The acquisition will enhance Lynas's resource base, particularly through the Caldeira project in Brazil. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Meteoric Resources do?

Meteoric Resources (ASX: $MEI) is a leading Australian exploration company progressing the Tier 1 Caldeira Rare Earth Project in Brazil which boasts the world’s highest grade Ionic Adsorption Clay REE deposit. It is privately held, operating in Mining, and is based in Perth.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.