" PEK holds an option over a 19-hectare parcel of land located...

" PEK holds an option over a 19-hectare parcel of land located within the Teesport area, where it wants to build a rare earth refinery. Buying the land will set the company back £1.8 million (roughly A$3.2 million), and Peak only has until June to make a decision on the option."

They better hurry up with their SML otherwise they may lose access to their proposed Teesport separation facility!