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Peak Rare Earths

Mining companyUnverified

Developer of the Ngualla rare earths project in southern Tanzania, which targets neodymium and praseodymium.

Stakeholder group
Mining companies
Headquarters
Tanzania
Countries of operation
Tanzania, Australia

Elements of interest

Deals and financing (2)

  1. 2025-05-14 · Acquisition · signed · AUD 195

    Shenghe Resources (Singapore) (Shenghe Resources Holding) → Peak Rare Earths Limited · Ngualla rare earth project

    Shenghe agreed to acquire all of Peak Rare Earths, owner of the Ngualla project in Tanzania, by scheme of arrangement; the price was raised in September 2025 from AUD 158 million to AUD 195 million.

    official release

  2. 2023-08-09 · Offtake · signed

    Shenghe Resources (Singapore) → Peak Rare Earths Limited · Ngualla rare earth project

    Shenghe's Singapore unit signed a binding offtake for 100% of Ngualla rare earth concentrate and at least 50% of any intermediate or separated products, alongside a non-binding EPC and financing MoU.

    official release

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Profile compiled from public sources (tanzaniainvest.com), checked 2026-10-02. Report an error