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An update from Peak Rare Earths Limited ( (AU:PEK) ) is now available.
Peak Rare Earths Limited has announced that the Fair Competition Commission of Tanzania has consented to its acquisition by Shenghe Resources, satisfying a key regulatory condition for the scheme of arrangement. The acquisition is still subject to several conditions, including independent expert approval, Australian court approval, and other customary conditions. Shareholders have the right to oppose the scheme at a scheduled court hearing.
More about Peak Rare Earths Limited
Peak Rare Earths Limited is a company operating in the mining industry, primarily focused on the extraction and production of rare earth elements. These elements are crucial for various high-tech applications and industries, positioning the company within a significant market for technological and industrial advancements.
Average Trading Volume: 1,871,858
Technical Sentiment Signal: Buy
Current Market Cap: A$185.1M
See more data about PEK stock on TipRanks’ Stock Analysis page.