MEI 0.00% 17.0¢ meteoric resources nl

From MEI Annouvement 13 November 2023"Meteoric Resources NL...

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    From MEI Annouvement 13 November 2023

    "Meteoric Resources NL (ASX: MEI) (Meteoric or the Company) is pleased to announce the appointment of Mr. Peter Gundy as Non-Executive Director of the Company. Mr. Gundy has had a long history in the Rare Earth space and was the Chairman, CEO and Founder of Neo Material Technologies Inc (”NEM”). From a start-up in 1992, Mr. Gundy created one of worlds most successful rare earth Company’s. With manufacturing plants in China and Thailand, it manufactured a full suite of advanced rare earths used in the global electronics industries and automotive sector. It also became #1 in the world in powerful high tech bonded magnetic materials for the world’s electronic industries."

    Molycorp Inc which owned the giant Mountain Pass rare earth mine in the US bought out Neo Material Technologies Inc in a $1.3B deal in 2012.
    After emerging from Chapter 11 bankruptcy in 2016 Molycorp changed its name to Neo Performance Materials.

    Check out wiki for a more detailed version Jono but suffice to say Neo are a MAJOR player in the downstream processing sector.


 
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