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Meteoric Resources passes can around as two brokers hired

Meteoric Resources, one of at least 13 small Australian miners trying their luck in Brazilian rare earths, was in front of fund managers after-market on Monday, looking for about $35 million of fresh funds via an institutional placement.

The shares were offered at 14¢ apiece, a 9.7 per cent discount to the last traded price of 15.5¢ on Friday and a 7.5 per cent discount to the five-day volume-weighted average price, according to terms sent to listed equities investors.

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/meteoric-resources-passes-can-around-two-brokers-hired-20250722-p5mgro