Peak Resources To Raise A$3.2 M for Tanzania Niobium-Tantalum Project

International Business Times reported Peak Resources (ASX:PEK) aims to raise A$3.2 million to fund its bid for a Tanzanian rare earth project.

As quoted in the market news:

Peak Resources will place 11.3 million shares at $0.28 per share to buy Zari Exploration Ltd. through a combination of cash and shares of US$6 million cash and the issuing of 24.2 million Peak shares.

The extensive Rare Earth Oxide niobium-tantalum and phosphate from the Ngualla Project are one of the largest and better grade discoveries made recently.

Click here to read the full International Business Times report.