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Why Shenghe’s A$150.5m Bid for Peak Rare Earths Could Reshape Rare Earths Mining
2:27am on Monday 2nd of June, 2025 AEST
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Mining
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Why Shenghe’s A$150.5m Bid for Peak Rare Earths Could Reshape Rare Earths Mining
2:27am on Monday 2nd of June, 2025 AEST
Key Points
Shenghe to acquire 100% of Peak via scheme of arrangement
Entitlement offer to raise up to A$7.5 million before costs
Offer price implies ~A$0.359 per share, a 199% premium to recent trading
Transaction subject to shareholder and Tanzanian, Chinese regulatory approvals
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