Investor sentiment has vastly improved following Meteoric’s latest funding update which led the share price to rise by over 5% in morning trade on Wednesday.

Meteoric Resources NL (ASX: MEI)
Meteoric Resources NL on Wednesday announced that it had received a non-binding and conditional Letter of Support from Export Finance Australia for up to US$50 million to assist in funding the development of its Caldeira Rare Earth Project in Brazil.

The company said that the proposed financing is intended to support the development of the Caldeira Project through the use of Australian based engineering, construction, procurement and management contractors.
The company is having active discussions with the Brazilian Development Bank (BNDES), export credit agencies and a number of potential strategic investors to optimise funding solutions.

Investor sentiment has vastly improved following Meteoric’s latest funding update which led the share price to rise by over 5% in morning trade on Wednesday.

Meteoric Resources NL (ASX: MEI)
Meteoric Resources NL on Wednesday announced that it had received a non-binding and conditional Letter of Support from Export Finance Australia for up to US$50 million to assist in funding the development of its Caldeira Rare Earth Project in Brazil.

The company said that the proposed financing is intended to support the development of the Caldeira Project through the use of Australian based engineering, construction, procurement and management contractors.
The company is having active discussions with the Brazilian Development Bank (BNDES), export credit agencies and a number of potential strategic investors to optimise funding solutions.