Peak Rare Earths Announces $7.5 Million Entitlement Offer

An update from Peak Rare Earths Limited ( (AU:PEK) ) is now available.

Peak Rare Earths Limited has announced a pro-rata non-renounceable entitlement offer, aiming to raise approximately $7.5 million by issuing new shares to eligible shareholders. The Australian Securities and Investments Commission has approved the appointment of Taylor Collison Limited as the nominee for ineligible shareholders, with the offer set to open on 30 May 2025. This move is part of Peak’s strategy to strengthen its financial position and support its ongoing operations in the rare earths market.

The most recent analyst rating on (AU:PEK) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Peak Rare Earths Limited stock, see the AU:PEK Stock Forecast page.

More about Peak Rare Earths Limited

Peak Rare Earths Limited is a company operating in the rare earths industry, focusing on the exploration and development of rare earth projects. The company is primarily involved in the production and supply of rare earth elements, which are critical components in various high-tech and clean energy applications.

Average Trading Volume: 1,013,015

Technical Sentiment Signal: Buy

Current Market Cap: A$115.3M

Find detailed analytics on PEK stock on TipRanks’ Stock Analysis page.