• Firm commitments for $40M placement at market price
• Strong support from domestic and international institutional investors
• Funds to be used for Caldeira Project development studies, land acquisition, and working capital

Meteoric Resources NL has announced that it has received firm commitments to raise $40 million via a placement of approximately 235 million new fully paid ordinary shares at an offer price of $0.17 per share, representing a nil discount to the last closing price. The placement was strongly supported by high-quality domestic and international institutional and high net worth investors, including dedicated global critical minerals funds. The proceeds from the placement, together with Meteoric's existing cash reserves, will be applied towards the advancement and pre-development activities for the 100%-owned Caldeira Rare Earth Iconic Absorption Clay Project. This includes the finalization of the Caldeira Definitive Feasibility Study and Environmental Impact Assessment, value and front-end engineering studies and design works, land acquisition for the plant, mining areas and environmental obligations, early contractor engagement and near-mine infill drilling, continued operation of the Pilot Plant and construction and operation of a site-based laboratory, as well as corporate and operational costs and costs of the placement. Upon settlement of the placement, Meteoric will be well-capitalized with a pro-forma cash balance of approximately $58 million based on the 31 March 2026 cash balance.