On 1 October, Meteoric Resources Limited (ASX:MEI, OTCQB:METOF) (“Meteoric”) and Lynas Rare Earths Ltd (ASX: LYC, OTCQX: LYSDY, LYSCF) (“Lynas”) announced that they have entered into a binding Scheme Implementation Deed under which it is proposed that Lynas will acquire 100% of the shares in Meteoric by way of a Court-approved scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) (“Scheme”).

The transaction brings Meteoric’s flagship Caldeira Rare Earth Project and Brazilian expertise together with Lynas’ existing industry leading operations.

A copy of the ASX announcement can be viewed here.

A copy of the investor presentation can be viewed here.

A replay of a conference call held by Meteoric and Lynas on 1 October 2026 can be viewed here.

At the moment, Meteoric shareholders do not need to take any action in relation to the Scheme. 

Information in relation to the Scheme will be provided to Meteoric shareholders through the ASX, on the Meteoric website and, in some instances, through direct email or postal communication.

Meteoric intends to dispatch a Scheme Booklet containing further information in relation to the Scheme to Meteoric shareholders in December 2026.

The Scheme Meeting is expected to be held in January 2027 and, if approved by Meteoric shareholders and the Court, and the relevant Brazilian regulatory approval is obtained, the Scheme is expected to be implemented by March 2027.

These are indicative timelines only and subject to change. Lynas and Meteoric will keep the market informed of any material developments relating to the Scheme in accordance with their respective continuous disclosure requirements.