Express News | The Rare Earth Permanent Magnets Sector is thriving against the trend, and Shenghe Resources Holding has reached its daily limit.

Breakings10:27

Shenghe Resources Holding accelerates the layout of overseas rare earth resources. The shareholding in the core rare earth project of the target company is expected to be put into production next year | Quick announcement.

① The core Assets of Peak Company are the Ngualla rare earth mine project located in Tanzania, which is expected to start production in 2026; ② In the initial phase, the project is expected to produce 0.018 million tons of rare earth concentrate equivalent to oxides annually, which corresponds to approximately 4,000 tons of praseodymium-neodymium oxide; ③ Shenghe Singapore invested 0.179 billion yuan to acquire a 19.9% stake in Peak Company in 2022, and the following year, Shenghe signed a sales agreement with Peak Rare Earth.

cls.cnMay 14 23:13

Shenghe Resources Holding (600392.SH) subsidiary plans to acquire 100% of Peak Company shares to promote the development of the Ngualla rare earth mine project.

Shenghe Resources Holding (600392.SH) announced that in order to promote the swift implementation of the Ngualla rare earth mine project...

Zhitong FinanceMay 14 19:09

Shenghe Resources Holding (600392.SH): Subsidiary plans to acquire equity in Peak Rare Earths Limited.

On May 14, Gelonghui reported that Shenghe Resources Holding (600392.SH) announced that in order to promote the swift implementation and development of the Ngualla rare earth mine project and further solidify the resource foundation for the company's growth, its wholly-owned subsidiary, Ganzhou Chenguang Rare Earth New Materials Co., Ltd. (hereinafter referred to as "Chenguang Rare Earth"), plans to acquire equity in Peak Rare Earths Limited (hereinafter referred to as "Peak Company"). According to the "Implementation Agreement" and the relevant annexes signed by both parties, Chenguang Rare Earth will acquire all ordinary shares issued by Peak Company through an agreed arrangement (including issued shares).

Gelonghui FinanceMay 14 18:46

Express News | Shenghe Resources Holding: The subsidiary plans to acquire Peak Company for 0.15 billion Australian Dollar.

BreakingsMay 14 18:36

Express News | Shenghe Resources Holding: The company's rare earth smelting separation and Metal Fabrication capacity utilization rate remains high.

BreakingsMay 7 23:23