Thanks Bradleyhere's a few interesting snippets from the October...

Thanks Bradley
here's a few interesting snippets from the October 2022 announcement, i haven't kept up on these developments but they seem quite promising.

Key MOU terms include:
o Offtake arrangements covering75-100% of production for an initial period of 7
years
o Technical co-operation and support
o Potential for a project level investment by Shenghe
o Shenghe right to nominate a Director to the Peak Board subject to a minimum
shareholding of 10%
• Shenghe’s strength as a partner:
o Large internationally active rare earth company
o Listed on the Shanghai Stock Exchange with a market capitalisation of US$3.8 bn
o One of the largest importers of rare earth concentrate into China
o Strong expertise in processing bastnaesite mineralisation
o Offtake, strategic co-operation and an approximate 7.75% shareholding in
NYSE-listed MP Materials, the largest rare earth company outside of China
•Peak and Shenghe to commence negotiations on a legally binding offtake
agreement to support project financing


http://research.iress.com.au/IDS/old/20221019/02584359.pdf?uid=BC04CA7E49E615192E787A303D9AA48BA4650000FAAF109C3306E640093D250091850000&ppv=