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03 May
12:42

Meteoric, Neo Performance ink rare earths offtake deal

Australia-listed Meteoric Resources has inked a deal to supply rare earths from its Caldeira project in Brazil to Toronto-listed Neo Performance Materials. Under a non-binding MOU, Neo’s rare earth separation facility in Sillamäe, Estonia, is expected to buy 3,000 tonnes/year of total rare earth oxide (TREO) from the initial output of the Caldeira project. The offtake term is expected to last until Neo has purchased a total of 30,000 t of TREO, with a…
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