Tanzanian Mining Commission Greenlights Shenghe’s Full Acquisition of Peak Rare Earths

• Tanzanian Mining Commission consents to Shenghe’s acquisition of Peak Rare Earths
• Acquisition subject to shareholder, Tanzanian Fair Competition Commission, and Australian court approvals
• Peak Independent Board Committee unanimously recommends voting in favor of the scheme
• Independent expert must continue to endorse the scheme as beneficial for minority shareholders