Brief: Peak Rare Earths Executes Offtake Agreement And Strategic MoU With Shenghe

Peak Rare Earths

09/08/2023 24:29

Aug 9 (Reuters) - Peak Rare Earths Ltd  PEK.AX :
    * EXECUTED OFFTAKE AGREEMENT AND STRATEGIC MOU WITH SHENGHE
    * PEAK AND SHENGHE HAVE EXECUTED A BINDING OFFTAKE AGREEMENT
FOR
NGUALLA RARE EARTH PROJECT
    * BINDING OFFTAKE AGREEMENT TERMS INCLUDE 100% OF RARE EARTH
CONCENTRATE AMONG OTHERS
    * MOU FOR COOPERATION ON DELIVERING AN EPC AND FUNDING
SOLUTION
    * PEAK AND SHENGHE TO COLLABORATE AROUND OPPORTUNITIES TO
REDUCE
CAPITAL AND  OPERATING COSTS, AMONG OTHERS TO FURTHER OPTIMISE
NGUALLA

Source text for Eikon:  ID:nASX45bJPg 
Further company coverage:  PEK.AX 

 ((Reuters.Briefs@thomsonreuters.com;))