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Peak Rare Earths Secures $8.5M Boost as Ngualla Project Advances Amid Strategic Talks
6:19pm on Sunday 1st of June, 2025 AEST
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Mining
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Peak Rare Earths Secures $8.5M Boost as Ngualla Project Advances Amid Strategic Talks
6:19pm on Sunday 1st of June, 2025 AEST
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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