Lynas stock targets Brazil with A$968 million Meteoric deal

Published on 10/07/2026 at 04:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lynas stock is valued at A$12.89 after the miner agreed to buy Meteoric Resources for A$968 million. FY2026 revenue reached A$977.9 million, while Brazil adds growth potential.

Lynas, AU000000LYC6, Illustration mit AI erstellt.

Lynas stock is valued at A$12.89 on the ASX after the rare earths producer agreed to acquire Meteoric Resources in a transaction valued at A$968 million. The deal announced on October 1, 2026 gives Lynas the Caldeira project in Brazil and shifts the company's growth story toward additional upstream resources.

Brazil deal expands resource base

According to SureStone Capital on October 1, 2026, Lynas will issue 0.0207 shares for each Meteoric share under the proposed scheme. The consideration represents an implied A$968 million equity value based on Lynas' 60-day volume-weighted average price of A$15.29.

Caldeira would increase Lynas' measured and indicated rare earth oxide resources by 79 percent and reported ore reserves by 26 percent, according to Simply Wall St. Meteoric shareholders would own 5.9 percent of the enlarged company, making dilution and project execution the central investor questions.

Profit growth meets valuation pressure

Lynas reported FY2026 revenue of A$977.9 million, up 76 percent from FY2025, while net income reached A$222.4 million versus A$8.0 million a year earlier. The figures were reported in the company's FY2026 results coverage summarized by Simply Wall St on August 26, 2026.

The stock's valuation now sits against a market capitalization of A$14.3 billion as of October 3, 2026. Its A$12.89 price on October 6, 2026 was A$0.70 above the 52-week low of A$12.19 and A$9.18 below the 52-week high of A$22.07, a gap that keeps the Brazil expansion tied to delivery rather than headline scale.

Lynas stock trades below yearly high

Lynas stock closed at A$12.89 on the ASX on October 6, 2026. The company has also set an annual general meeting for November 25, 2026, according to Simply Wall St, giving investors a defined governance checkpoint before the proposed Meteoric transaction advances.