Meteoric Resources NL provided an update on the environmental permitting process for its Caldeira Rare Earth Project (Caldeira Project) in Caldas, Minas Gerais, Brazil. The State Foundation for Environmental (FEAM) has requested more time to respond to questions raised by the Federal Public Prosecutor's Office (MPF) in relation to the Caldeira Project. As a result, the vote to approve the Caldeira Project's Preliminary Environmental Licence was postponed.

Meteoric is confident that all information required to address the MPF questions has already been prepared and submitted. Meteoric will assist FEAM on responding to MPF to support rescheduling of the vote at the next meeting on 19 December 2025. The Preliminary Environmental Licence (LP) for the Caldeira Project was submitted to the State Council for Environmental Policy (COPAM) for approval at its meeting on 28 November 2025.

During the meeting, the President of FEAM requested additional time to respond to questions raised from the MPF received several days before the COPAM meeting. These questions were directed to FEAM and provided to online media. Mete Historic is confident that information and technical studies previously submitted as part of its EIA and LP application include all necessary responses to all questions raised by the MPF.

The key reports and documents which support Meteoric's position include: Environmental Impact Assessment. (IC) - Various, including written responses to 50 questions from FEAM with supporting Technical Studies. Technical Report.

Technical Report. Drafted by FEAM, which recommends Caldeira Project LP approval and contains required verifiable data to satisfactorily answer the MPF's questions. Meteoric will continue to collaborate with FEAM and provide all required responses to the MPF requests to enable the LP award at the next COPAM meeting scheduled for 19 December 2025.

Following resubmission and award of the LP, Meteoric will be in a position to submit its Construction License (LI) with minimal impact on the overall Project timeline. In May 2024 a 3,000 page EIA was submitted to FEAM, after almost 12 months of environmental baseline monitoring and potential impact studies conducted by independent consultant companies, ALGER and CERN, to satisfy the current environmental legislation and guidelines for LP applications. Since the EIA submission, the Caldeira Project has passed through all requisite stages of the process including: Certificate of Regularity for Land Use and Occupation -.

Issued by the Municipal Environmental Council (CODEMA) of Caldas; Approval of the Council of Management of the Pedra Branca Conservation Area (CONGEAPA) - To mine inside the 3 kilometre ' buffer Zone' surrounding the APA; Public Hearing -. A six hour public community consultation hearing in Caldas Municipality to present the Caldeira Project; Site Inspection -. By FEAM technicians in relation to the affected areas within the Company licences at: Soberbo, Capao do Mel, and Figueira; Complimentary Information (ICs)- Submission of all ICs requested by FEAM to clarify and strengthen the LP application; and Technical Report -.

Preparation by FEAM of Technical Report which recommended the approval of the LP by COPAM, barring any legal impediment).