Brief: Peak Rare Earths Signs Term Sheet With Shenghe For A$96 Mln Investment For Ngualla
24/07/2024 02:23
July 24 (Reuters) - Peak Rare Earths Ltd PEK.AX :
* SIGNED TERM SHEET WITH SHENGHE FOR A$96M INVESTMENT AND
FULLY
FUNDED PROJECT SOLUTION FOR NGUALLA
* SHENGHE TO SUBSCRIBE FOR A 50% INTEREST IN NGUALLA GROUP
UK
LIMITED
* IMPLIED PEAK VALUATION ON A POST-TRANSACTION BASIS OF
A$0.36/SHARE
Further company coverage: PEK.AX
((Reuters.Briefs@thomsonreuters.com;))
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