Peak Rare Earths Limited

Equities

PEK

AU000000PEK2

Non-Gold Precious Metals & Minerals

Market Closed - Australian S.E. Other stock markets 02:10:37 2024-05-17 am EDT			5-day change	1st Jan Change
0.225 ^AUD	-2.17%		+4.65%	-35.71%

Apr. 29	Peak Rare Earths Receives Ngulla Rare Earth Project Financing Interest; Searches for Strategic Partner	MT
Apr. 29	Peak Rare Earths Receives Expressions of Interest for Ngualla Rare Earth Project	CI

Shenghe Resources Pte. Ltd. agreed to acquire 19.95% stake in Peak Rare Earths Limited from Appian Pinnacle Holdco Limited for AUD 39.2 million.

February 13, 2022

Shenghe Resources (SINGAPORE) Pte. Ltd. agreed to acquire 19.95% stake in Peak Rare Earths Limited (ASX:PEK) from Appian Pinnacle Holdco Limited for AUD 39.2 million on February 11, 2022. Under the terms Shenghe Resources (SINGAPORE) Pte.

Ltd. will acquire 39.6 million shares for AUD 0.99 per share. This transaction is at the shareholder level and will not impact the strategy, day-to-day operations, management or employees of Peak. Shenghe will not be entitled to, and Appian will no longer enjoy, Appian's previous shareholder rights, which included director nomination rights, capital raising notifications and information and consultation rights.

As a result, Rebecca Morgan, a nominee director of Appian, has resigned as a non-executive director of the Company.

Latest news about Peak Rare Earths Limited

Peak Rare Earths Receives Ngulla Rare Earth Project Financing Interest; Searches for Strategic Partner	Apr. 28	MT
Peak Rare Earths Receives Expressions of Interest for Ngualla Rare Earth Project	Apr. 28	CI
Peak Rare Earths Secures Special Mining License Expansion at Ngualla Project	Apr. 25	MT
Peak Rare Earths Signs Memorandum of Understanding with Minjingu Mines	Apr. 21	MT
Australian Shares Inch Down as Metal Prices Retreat Amid Stronger US Dollar	Mar. 20	MT
Peak Rare Earths Jumps 27% After Confirming High-Grade Fluorspar at Tanzanian Project	Mar. 19	MT
Peak Rare Earths Acquires Teesside Site Freehold, Considers Exit, Monetization Options	Mar. 18	MT
Peak Rare Earths Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 13	CI
Peak Rare Earths Uncovers High-Grade Niobium at Ngualla Project	Mar. 04	MT
Peak Rare Earths Finds High-Grade Mineralization in Ngualla Project	Feb. 07	MT
Peak Rare Earths Appoints Macquarie Capital as Advisor for Ngualla Project Funding	Nov. 09	MT
Peak Rare Earths Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-09-27	CI
Peak Rare Earths Limited Announces Board Changes	23-07-02	CI
Peak Rare Earths to Begin Exploration Program at Ngualla Project in Tanzania	23-06-08	MT
Peak Rare Earths Limited Announces Directorate Changes	23-06-05	CI
Peak Rare Earths Secures Commitments to Complete AU$27.5 Million Placement	23-05-01	MT
Peak Resources Secures Special Mining License for Tanzanian Rare Earth Project	23-04-25	MT
Peak Resources Signs Framework Deal with Tanzanian Government for Ngualla Project	23-04-18	MT
Tanzania signs $667 million deals for rare earth and graphite projects	23-04-17	RE
Peak Rare Earths Limited Announces the Appointment of Mr. Ian Chambers as Non-Executive Director	23-03-19	CI
Peak Rare Earths Limited Reports Earnings Results for the Half Year Ended December 31, 2022	23-03-14	CI
Peak Rare Earths Limited Reports Earnings Results for the Half Year Ended December 31, 2022	23-03-14	CI
Peak Rare Earths Registers Tanzanian Units; Shares Jump 8%	23-02-20	MT
Peak Rare Earths Limited Announces Registration of Tanzanian Entities	23-02-20	CI
Peak Rare Earths Limited Appoints Shasha Lu as Director	22-11-30	CI

Chart Peak Rare Earths Limited

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Company Profile

Peak Rare Earths Limited is an Australia-based company, which is engaged in the exploration and evaluation of mineral licenses. The Company is focused on delivering its high-grade Ngualla rare earth project to enable low carbon technologies to power green transformation. The Ngualla Project is a rare earth development located near the Ngwala Village and approximately 150 kilometers (km) from the City of Mbeya in the Songwe Region and on the edge of the East African Rift Valley. The Ngualla Project SML has initially been granted over the original SML application area of approximately 18.14 square kilometers (km2). Under the Framework Agreement, the Government of Tanzania has undertaken to expand the SML area to include an existing prospecting license (PL 10897/2016) and a recently expired prospecting license (PL 9157/2013), which would increase the SML area to approximately 54.64 km2.

Sector

Non-Gold Precious Metals & Minerals

Calendar

2024-09-11 - Q4 2024 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.23 AUD

Average target price

1.01 AUD

Spread / Average Target

+339.13%

Consensus

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Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Rare Earth Minerals

	1st Jan change	Capi.
PEAK RARE EARTHS LIMITED	-35.71%	40.84M
CHINA NORTHERN RARE EARTH (GROUP) HIGH-TECH CO.,LTD	+2.12%	9.89B
MP MATERIALS CORP.	-8.92%	2.99B
CHINA KINGS RESOURCES GROUP CO.,LTD.	+22.06%	2.76B
SHENGHE RESOURCES HOLDING CO., LTD	-1.67%	2.43B
BRAZILIAN RARE EARTHS LIMITED	+56.54%	429M
ARAFURA RARE EARTHS LIMITED	+24.24%	309M
NORDIC MINING ASA	+19.67%	205M
AUSTRALIAN STRATEGIC MATERIALS LTD	-19.69%	120M
CHINA RARE EARTH HOLDINGS LIMITED	+15.15%	113M

Rare Earth Minerals