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Shenghe commits to Peak investment

No more equity needed by ASX-listed company for Tanzanian REE development

Haydn Black
Front: Peak's Russell Scrimshaw flanked by Shenghe's Huang Ping and Wang Quangen. Back: other employees. Credit: Peak.

Front: Peak's Russell Scrimshaw flanked by Shenghe's Huang Ping and Wang Quangen. Back: other employees. Credit: Peak.

With terms sheets for an investment deal signed, Peak Rare Earths should not need to raise any further equity for its long-gestating Ngualla project in Tanzania. Its 19.9% shareholder and offtake partner,...

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