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Peak Rare Earths (note Name Change) locked in $27.5 million from local high net worth and offshore institutional investors at 50¢ a share – a 20 per cent discount to the last close – over the weekend, after Hoping for $25 million on Thursday.The proceeds were earmarked for its Ngualla project in Tanzania, for which Peak Rare Earths finally received government mining approvals on April 17 after a five-year wait. The final investment decision is due for September 2023.[ATTACH=full]156448[/ATTACH]...And over three years[ATTACH=full]156449[/ATTACH]
Peak Rare Earths (note Name Change) locked in $27.5 million from local high net worth and offshore institutional investors at 50¢ a share – a 20 per cent discount to the last close – over the weekend, after Hoping for $25 million on Thursday.
The proceeds were earmarked for its Ngualla project in Tanzania, for which Peak Rare Earths finally received government mining approvals on April 17 after a five-year wait. The final investment decision is due for September 2023.
[ATTACH=full]156448[/ATTACH]
...And over three years
[ATTACH=full]156449[/ATTACH]
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