Shenghe Resources’ Peak Rare Earths acquisition advances with shareholder approval

Shenghe Resources Holding Co., Ltd. has announced progress in its acquisition of Peak Rare Earths Limited. Following initial approval in May 2025, the acquisition's implementing entity shifted from Ganzhou Chenguang Rare Earth New Material Co., Ltd. to Shenghe Resources (Singapore) Pte. Ltd. in July 2025. Shenghe Singapore currently holds a 19.7% stake in Peak Rare Earths, amounting to 84,806,893 shares.

In September 2025, the acquisition price for 100% of Peak Rare Earths' equity was adjusted from A$158 million to A$195 million. This adjustment was approved by Shenghe Resources' board.

As of September 16, 2025, Shenghe Singapore's acquisition of Peak Rare Earths' equity has received approval from Peak Rare Earths' shareholders. The transaction still requires approvals from the Tanzanian Mining Commission, the Tanzanian Fair Competition Commission, and the Australian courts, with a second court hearing scheduled for September 18, 2025, Sydney time.