HREE Pulse

Snapshot 22 Aug 2026 · 52 names

Desk · Development / financing · HREE-heavy

ASX:MEI

Meteoric Resources

Caldeira ionic-clay complex, Minas Gerais. High MagREO clays, offtake interest, and a development path that lives or dies on Brazilian permits and a Western separator.

Ionic clayHREEOfftakePEA
53

Building

Website

Pulse Timeline

Isoelectric line is the baseline Pulse. Spike height is catalyst strength. Wide gaps or a flat line = stalled progress / life support.

53→ Building
nowDFS / permit cadence (watch)1JulAugSepOctNovDec
  1. 1) 12-01 DFS

Lead II · 25 mm/s · Pulse 10 mm/mV · snapshot 2026-08-22

Building

Cadence is real, not yet a cluster. Next print has to land.

Last beat
—
Beats / 90d
0
Recent gap
—

0 beats in 180d

  • — No dated beat in the trailing window.
  • — Next: DFS / permit cadence (watch) (101d).
DFS

Trading

Last
A$0.210
1d
+5.0%
Mkt cap
$438M
Volume
13.4M
52-week
A$0.07 – A$0.38
1m
—
3m
—
1y
—

Shares — · EV / MagREO $6.3M/kt · snapshot, not a live tape

Company & people

HQ

Perth, Australia

Focus

HREE-heavy · Ionic clay

CEO Stuart Gale

  • Stuart Gale, CEO
  • Dr Andrew Tunks (technical heritage)

Mine / project

Flagship

Caldeira

Location

Poços de Caldas, Minas Gerais, Brazil · Brazil

Deposit

Ionic adsorption clay

Resource

Large ionic-clay MRE; MagREO ratio among the better Western clays. PEA completed; DFS/permitting is the live work.

Desk basket

70 kt MagREO (desk)

Radioactivity

Low — permit tell vs peers

Capital, loans, grants & support

None the desk is willing to count yet.

    • Binder offtake discussions with Western separators / OEMs — watch for binding vs LOI

    The Pulse

    Caldeira is why ionic clay became a Western bid. Pulse is permits + who cracks the MREC. Without a US/EU/AU separator, this is a China-adjacent concentrate story the desk does not love.

    ASX. Nasdaq only becomes a conversation after a funded DFS and a non-China offtake.

    Catalyst proximity17/25
    Gov / strategic8/25
    US listing path7/20
    De-risking13/20
    Setup8/10

    Next: 1 Dec 2026 — Permitting / DFS prints and offtake conversion

    Nasdaq path

    Home listing is not Nasdaq. Bid price, registration, and a real asset gate are.

    1. 01 · DoneASX listing

      Primary listing MEI. Caldeira is why Western ionic clay became a bid.

    2. 02 · GapUS OTC

      No OTCQB the desk will count. Liquidity is ASX-only.

    3. 03 · GapDTC eligibility

      Not in play.

    4. 04 · GapUS holder tape

      Offtake talk with Western separators is LOI-shaped until it is binding.

    5. 05 · NextDFS + permits1 Dec 2026

      PEA is done. Permits and who cracks the MREC are the live gates.

    6. 06 · GapSEC registration

      No 20-F. Nasdaq after a funded DFS and a non-China offtake — not before.

    7. 07 · GapNasdaq $4 bid

      Last ~A$0.21 / ~US$0.14. ~28× below. Split math is not a separator.

    8. 08 · GapNasdaq application

      Without a US/EU/AU plant taking MREC, this is a China-adjacent concentrate story.

    Catalysts

    • 1 Dec 2026DFS / permit cadence (watch) study

    Desk note

    Stays on this device. Not the press release.

    Pulse = Catalyst proximity + government/strategic support + Nasdaq-path / listing signals + valuation & execution + stage progress. Method