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Peak Rare Earths Secures $8.5M Boost as Ngualla Project Advances Amid Strategic Talks
10:03am on Friday 31st of January, 2025 AEDT
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Mining
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Peak Rare Earths Secures $8.5M Boost as Ngualla Project Advances Amid Strategic Talks
10:03am on Friday 31st of January, 2025 AEDT
Key Points
Completed $8.5 million capital raising including placements and oversubscribed SPP
Advanced integrated investment and funding negotiations with Shenghe Resources
Progressed early mining works and finalized Resettlement Action Plan for Ngualla Project
Launched sale process for non-core Teesside site with subdivision to maximize value
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