Peak Rare Earths Limited ( (AU:PEK) ) just unveiled an announcement.
Peak Rare Earths Limited has successfully completed its capital raising, issuing shares to its largest shareholder, Shenghe Resources, and raising a total of approximately $8.5 million. This financial boost, alongside the planned divestment of a non-core site in the UK, strengthens the company’s position to advance its Ngualla Rare Earth Project in Tanzania, with Shenghe now holding a 19.9% stake.
More about Peak Rare Earths Limited
Peak Rare Earths Limited operates in the rare earth minerals industry, focusing on the exploration, development, and production of rare earth resources, with a key project in Tanzania.
YTD Price Performance: -45.38%
Average Trading Volume: 1,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $23.95M
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