Peak Rare Earths Completes $8.5M Capital Raising, Strengthening Tanzanian Project

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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