July 2025 – Avalon Assists with Arranging A$7 Million Capital for Specialty Rare-Earths ProjectION CAPITAL FOR SPECIALTY RARE-EARTHS PROJECT

July 2025 – Avalon Assists with Arranging A$7 Million Capital for Specialty Rare-Earths Project

We are pleased to announce that our strategic introduction to a leading North American investor assisted Meteoric Resources Limited (ASX: MEI) as part of its successful oversubscribed 2025 share placement, boosting the company’s balance sheet ahead of a final investment decision its flagship Caldeira rare earth element project in Brazil.

Meteoric Resources is a publicly traded Australian company focused on becoming the world’s lowest cost producer of sustainable specialty rare earths products to support technological advancement and the energy transition. It is rapidly growing and developing the Caldeira Rare Earths Project it purchased in 2023in the state of Minas Gerais in Brazil. Meteoric believes that the geological and metallurgical characteristics of Caldeira Project mean it will have the scale, quality and characteristics to be a true disruptor of the global rare earths industry, with the capacity to support ultra-low-cost rare earths production and the ideal location to supply North American, South American and European markets, thereby becoming a transformational project for the future supply of rare earths.