• Flagship Caldeira Rare Earth Project in Brazil receives non-binding, conditional Letter of Support from Export Finance Australia
• Proposed financing of up to US$50M to support project development using Australian contractors
• Adds to US$250M letter of interest from EXIM Bank, providing solid foundation for Caldeira Project funding

Meteoric Resources NL ('Meteoric' or 'the Company') has received a non-binding and conditional Letter of Support from Export Finance Australia ('EFA') for indicative financing of up to US$50 million (~A$77 million) to support the development of the Company's flagship Caldeira Rare Earth Project ('Caldeira Project') in Brazil. The proposed financing is intended to support the project's development through the use of Australian engineering, procurement, construction and management contractors, reinforcing the established partnership between Australia and Brazil. This EFA funding support, together with the previously announced US$250M letter of interest from the United States Export Import Bank ('EXIM') received in March 2024, provides a solid foundation for funding the Caldeira Project. Meteoric continues active discussions with the Brazilian Development Bank ('BNDES') and other Export Credit Agencies, as well as potential strategic investors, to further optimise the funding solutions for the Caldeira Project. The Letter of Support from EFA underscores the Australian Government's export credit agency's determination to drive Australian expertise and exports into global rare earths markets, while also contributing to supply chain diversification. Meteoric will continue to progress discussions with EFA and other strategic partners as part of its broader funding strategy for the Caldeira Project.

The recent approval of Meteoric's Preliminary Environmental Licence without restriction, the commissioning of its Pilot Plant, and the first production of a mixed rare earth carbonate have positioned the Caldeira Project as one of the world's most advanced, highest confidence, high-grade rare earth developments. The project's scale, low operating costs, low capital intensity and rapid path to market stand as clear differentiators and underpin its capability to be an important new, long-term cornerstone of emerging rare earth supply chains.