Australia's Peak Rare Earths rises on MOU for Tanzania project development

Peak Rare Earths

19/10/2022 04:15

** Shares of Australia's Peak Rare Earths  PEK.AX  rise as
much as 4.8% to A$0.55, their highest since Sept 15
    ** The rare-earths minerals co signs a non-binding MOU with
Shenghe Resources  600392.SS   urn:newsml:reuters.com:*:nASX16MwLq
    ** Says MOU covers concentrate offtake and strategic
co-operation in support of the development of the Ngualla
Project in Tanzania
    ** Co stock down 38.5% this year, as of last close
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))