PEK
Director Trades
| Date | Director | Value |
|---|---|---|
| 23/12/24 | R. Scrimshaw | $100,000 |
| 23/12/24 | I. Chambers | $130,000 |
| 23/12/24 | N. Bowen | $50,000 |
| 23/12/24 | H. Badenach | $10,000 |
| 29/6/25 | R. Scrimshaw | $46,809 |
| 29/6/25 | H. Badenach | $9,489 |
| 29/6/25 | N. Bowen | $17,021 |
| 30/9/25 | Nicholas Ronald Bowen | $274,283 |
| 30/9/25 | Nicholas Ronald Bowen | $381,451 |
| 30/9/25 | Abdullah Mwinyi | $281,558 |
| 30/9/25 | Russell John Scrimshaw | $1,373,300 |
| 30/9/25 | Russell John Scrimshaw | $161,176 |
| 30/9/25 | Russell John Scrimshaw | $1,020,785 |
| 30/9/25 | Shasha Lu | $265,800 |
| 30/9/25 | Hannah Louise Badenach | $465,546 |
Company News
Shenghe Declares Best and Final A$195m Valuation in Peak Rare Earths Takeover
Peak Rare Earths (ASX: PEK) has advised that takeover suitor Shenghe Resources has raised its cash offer under the proposed scheme of arrangement to acquire the company. The revised proposal values Peak at A$195 million, up from the initial A$158m, and delivers shareholders a 32% premium to the last closing price. Shenghe has described the […]
Peak Rare Earths board endorses takeover proposal from major shareholder Shenghe Resources
The board of Peak Rare Earths (ASX: PEK) has given its support to a proposed takeover of the company by China’s Shenghe Resources. A partly state-owned Chinese rare earths mining and processing company, Shenghe has proposed to acquire 100% of Peak by way of a scheme of arrangement. Shenghe is Peak’s major shareholder and owns […]
China strengthens grip on world supply with offtake deal at Peak Rare Earths’ emerging Tanzania mine
Fifteen years after acquiring what is now the Ngualla rare earths project in Tanzania, Peak Rare Earths (ASX: PEK) has signed a binding agreement whereby 100% of concentrate will be shipped to China. A Singapore subsidiary of China’s global rare earths company, Shenghe Resources Holding, will, for a seven-year term, have the right to all […]
New Tanzanian president’s mining approach could bode well for OreCorp, Peak and Strandline Resources
A big win by a private British company in Tanzania has brightened the outlook for a number of ASX-listed explorers getting close to development commitments in the east African county with the potential for significant share-price appreciation. OreCorp (ASX: ORR), Peak Resources (ASX: PEK) and Strandline Resources (ASX: STA) are in a group of Australian […]
Investing in rare earths is not for the faint-hearted
Rare earths are not rare, nor are they earths, but they are certainly political, and it’s the politics of an increasingly aggressive China which has made the 17 metals in the rare earth family a profitable, but high-risk sector for investors. Lynas Rare Earths (ASX: LYC), the leading Australian player in the game, is also […]
Trump declares rare earth emergency, Australia gets ready to supply
Securing rare earth supply is now near the top of the defence agenda in Washington with US President Donald Trump signing an executive order declaring a national emergency and calling for a boost in domestic production. Not only does Australia have an operating rare earth mine — Mt Weld in Western Australia owned by Lynas […]
Australia in box seat to become world’s new rare earths powerhouse
China now produces 80% of the world’s neodymium-praseodymium output, a combination of rare earth metals vital to the manufacture of high strength permanent magnets. These magnets are used in drivetrains of electric vehicles (EVs), so the expected EV revolution will require growing supplies from rare earth miners. Every EV drivetrain requires up to 2kg of […]
Peak Resources moves closer to special mining licence for Ngualla rare earths project
Perth-based Peak Resources (ASX: PEK) has received confirmation from Tanzania’s Minister for Minerals and the country’s Mining Commission that a Special Mining Licence (SML) application for its wholly-owned Ngualla rare earth element (REE) project will be granted in the near future. The company said a delegation of officials and experts from the country’s Mining Commission […]