Peak Resources Ltd on Tuesday said it received an indication from a U.S. government agency regarding possible funding for its Ngualla Rare Earth project in Southern Tanzania. The Overseas Private Investment Corp, a U.S. government agency that helps American businesses invest in emerging markets, would consider financing the African project, subject to a review and approval process, Peak Resources said in a statement. The United States has been pushing to increase its rare earths capabilities to secure stable supply of the specialized material amid the country’s trade conflict with China. …read more
Source:: Yahoo Finance
