Peak Rare Earths (PEK) Q4 2025 TU earnings summary

Executive summary

• Entered a binding scheme with Shenghe Singapore to acquire 100% of the company at an implied value of ~A$158m, offering shareholders a 199% premium to the pre-announcement share price.

• Completed an oversubscribed A$7.5m entitlement offer and sold the non-core Teesside site for £3.5m (~A$7.3m).

• Commenced land compensation payments for the Ngualla Project and hosted a ministerial site visit.

Financial highlights

• Cash at hand as of 30 June 2025 was A$10.026m, not including Teesside sale proceeds.

• Raised A$7.5m from the entitlement offer, with ~84% covered by entitlements and the rest by a top-up facility.

• Operating expenditure for the quarter included A$0.144m to related parties and A$1.646m for exploration, evaluation, and development.

• Net cash used in operating activities for the quarter was A$3.607m.

• Estimated 2.8 quarters of funding available at current cash burn rate.

Outlook and guidance

• Scheme implementation with Shenghe Singapore is expected to complete in October 2025, pending shareholder, regulatory, and court approvals.

• Proceeds from the entitlement offer and Teesside sale will support land compensation, project costs, and transaction expenses.

• Ongoing global EV adoption and rising rare earth prices support a positive market outlook.