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Meteoric Resources NL ASX:MEI

0 opened or increased2 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 2 managers in total.

Position history by manager 2 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

2026

30 Jun 2025 to today

Commentary Showing 2 of 5

DateManagerActionSummary

6 Oct 2026Pendal GroupHeldPendal Group notes that Meteoric Resources NL (ASX: MEI) is the subject of an all-scrip acquisition by Lynas Rare Earths valued at about A$800 million, with Meteoric shareholders set to own approximately 5.9% of Lynas on implementation. Pendal describes Meteoric's Caldeira project in Brazil as a high-quality rare earths development asset capable of producing both light and heavy rare earths. The commentary does not indicate any change to Pendal's position in Meteoric, with the focus being on the transaction's strategic fit within Lynas's growth plans.

Critical Minerals Rare EarthsNewsletter, price recorded $0.25

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15 Jul 2026Acorn CapitalHeldAcorn Capital continues to hold Meteoric Resources, a long-time favourite, because portfolio manager Squire believes improving recognition of the strategic importance of heavy rare earths is creating a more supportive backdrop for the Brazilian rare-earth developer. With what Squire considers a world-class asset and the right mix of rare-earth elements, combined with steady progress through permitting, Acorn sees the company approaching an important inflection point.

Rare EarthsArticle, price recorded $0.18

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3 more comments on MEIPro shows every comment, with a link to each source document.

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 2 managers first commented on MEI.

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About Meteoric Resources NL

Materials, Metals and Mining

Meteoric Resources (ASX:MEI), a Brazilian rare earths developer, is a long-time favourite of Acorn Capital. In July 2026, Acorn's Rick Squire said Meteoric has been a long-time favourite, believing improving recognition of the strategic importance of heavy rare earths will support its value. Acorn earlier noted Meteoric represented about 2.2% of the ACQ portfolio, having first invested in early 2023, attracted by the size and quality of the Caldeira rare earths project in Brazil. Meteoric Resources operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 4 comments from 1 fund manager, Acorn Capital. Founded in 2004 and headquartered in West Perth, Meteoric Resources is developing the Caldeira ionic adsorption clay rare earths project in Minas Gerais, Brazil, one of the largest and highest-grade deposits of its type outside China, rich in heavy rare earths such as dysprosium and terbium used in permanent magnets.

Market cap: $625m
Price to earnings: Loss-making
Return on equity: -84.3%
Dividend yield: 0.0%
Price to book: 10.55x
Net margin: -8222209.8%
52-week range: $0.12 to $0.27

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Meteoric Resources NL (ASX:MEI)?

Fund managers including Acorn Capital and Pendal Group have invested in Meteoric Resources NL (ASX:MEI).

What opportunities or catalysts do fund managers highlight for Meteoric Resources NL?

Acorn highlights the size and quality of the Caldeira project and growing recognition of the strategic importance of heavy rare earths supply outside China.

What are the key risks to the Meteoric Resources NL investment thesis, according to fund managers?

The available commentary does not set out specific risks, though Meteoric must fund and develop Caldeira and secure processing and offtake arrangements.

What does Meteoric Resources NL (ASX:MEI) do?

Meteoric Resources NL is an Australian mineral exploration company headquartered in West Perth. Founded on February 13, 2004, the company focuses on the development of mineral properties. Its operations are structured across four geographical segments: Brazil, Canada, Australia, and other international jurisdictions. Meteoric Resources NL manages its global mineral portfolio through focused exploration activities.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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