The Next Power in Rare Earths
Stock Code:
ASX: PEK
Company Exposure:
Rare Earths
Project Locations:
Tanzania
Peak Rare Earths is an ASX listed rare earths company focused on the development of its Ngualla Rare Earth Project in Tanzania. Once constructed, the Ngualla Project will be a large and cost-competitive producer of high-grade bastnaesite concentrate which will be used in a range of low carbon technologies that power the green transformation.
Investment Highlights
- Strong nexus to global decarbonization
- Rapid growth in electric vehicles (EVs) and wind turbines
- High-grade bastnaesite ore with low radioactivity
- Significant exploration upside and multi-commodity potential
- Rapid transformation of Tanzanian economy with established mining sector
- Strong in country relationships with highly supportive community
- Invested +A$45M in peak and holds ~19.8% shareholding
- Binding offtake agreement with a proposed funding/EPC solution
- FEED Study and BFS update completed, framework agreement executed, and special mining licence granted
- Pathway to an integrated offtake, EPC, and funding solution for the project
- Track record in funding and delivering projects
- Deep Tanzanian, technical, and emerging markets experience