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Peak Rare Earths Limited ( (AU:PEK) ) has provided an update.
Peak Rare Earths Limited has announced that its scheme of arrangement for the acquisition by Shenghe Resources of all remaining shares has been approved by the Supreme Court of New South Wales. As a result, Peak’s shares will be suspended from trading on the ASX, with the final consideration set at $0.443 per share. The implementation of the scheme is expected by the end of September 2025, marking a significant transition for Peak’s shareholders and its market presence.
More about Peak Rare Earths Limited
Peak Rare Earths Limited operates in the rare earths industry, focusing on the exploration and development of rare earth projects. The company is primarily engaged in the production and supply of rare earth elements, which are critical components in various high-tech and green energy applications.
Average Trading Volume: 1,871,858
Technical Sentiment Signal: Buy
Current Market Cap: A$185.1M
For an in-depth examination of PEK stock, go to TipRanks’ Overview page.