Peak Rare Earths trading halt request details

Peak Rare Earths Limited (ASX: $PEK) has requested a trading halt in accordance with ASX Listing Rule 17.1. The halt is pending an announcement regarding the funding and development of the Ngualla Rare Earth Project. The company has requested that the trading halt remain in place until the earlier of the company making the announcement or the commencement of trading on Wednesday, 24 July 2024.

Executive commentary on trading halt request

The trading halt request is in line with our commitment to transparent and timely communication with the market. We believe that the forthcoming announcement regarding the funding and development of the Ngualla Rare Earth Project is significant for our stakeholders and the trading halt will allow for the orderly dissemination of this information. We are confident that this step will contribute to maintaining an informed and efficient market.

Summary of trading halt request and outlook

Peak Rare Earths Limited (ASX: $PEK) has requested a trading halt in anticipation of an announcement concerning the funding and development of the Ngualla Rare Earth Project. The company aims to ensure the orderly release of this material information to the market. The forthcoming announcement is expected to provide insights into the company's strategic initiatives and its commitment to the development of the Ngualla Rare Earth Project. The trading halt reflects the company's dedication to transparent and timely communication with its stakeholders and the market. It also signifies the significance of the upcoming announcement for the company's corporate strategy and future prospects.