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Why the Peak Resources (ASX:PEK) share price is soaring 37% today
The company has made a major announcement about its Ngualla rare earth project in Tanzania
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Multi-million pound minerals processing plant confirmed for Teesside bringing 130 jobs
Peak Resources is to take on a 250-year lease to develop a rare earth processing plant at Wilton
09:06, 28 MAY 2021
Updated
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Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice Plans for a multi-million pound rare earth refinery on Teesside creating 130 jobs have taken a major step forward after the firm behind the scheme agreed a deal to develop land at Wilton.
Australian firm Peak Resources announced on Friday it is to take on a 250-year lease over a 19-hectare parcel of land at the Wilton International Site.
Peak Resources’ (ASX:PEK) new Managing Director steps into role early
Peak Resources (PEK) new Managing Director Bardin Davis has commenced his executive duties early
Bardin was appointed in October and was expected to commence his new role in January
His focus will be on the development of the Ngualla rare earth deposit in Tanzania
Peak has also advised that CEO Rocky Smith s time with the company has come to an end, after announcing his departure in September
On market close, Peak is up 1.43 per cent and is trading at 7.1 cents per share
Peak Resources (PEK) new Managing Director Bardin Davis has commenced his executive duties.