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Peak Rare Earths Limited ( (AU:PEK) ) has shared an update.
Peak Rare Earths Limited made significant progress in the December 2024 quarter on its Ngualla Rare Earth Project, highlighted by an $8.5 million capital raising. This included contributions from its largest shareholder, Shenghe Resources, which increased its stake to 19.9%. The capital raised will support ongoing negotiations with Shenghe for an integrated investment solution. Additionally, Peak is advancing a sale process for its Teesside site and supporting local community initiatives, signaling a strategic focus on strengthening its project development and stakeholder engagement.
More about Peak Rare Earths Limited
Peak Rare Earths Limited operates in the rare earth industry, focusing on the development of its Ngualla Rare Earth Project. The company is involved in enabling low carbon technologies through strategic investments and partnerships, primarily in the rare earth sector.
YTD Price Performance: -33.85%
Average Trading Volume: 1,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $35.1M
For detailed information about PEK stock, go to TipRanks’ Stock Analysis page.
