March 5 (Reuters) - Peak Resources Ltd PEK.AX :
* INTENDS TO CONSTRUCT A RARE EARTH REFINERY IN TEES VALLEY
* HOLDS AN OPTION WITH HOMES ENGLAND OVER A 19-HECTARE PARCEL OF LAND IN TEESPORT EXERCISABLE AT £1.8 MILLION
* ON MARCH 3, GOVERNMENT OF UNITED KINGDOM ANNOUNCED THAT TEESSIDE HAD BEEN SELECTED AS ONE OF 8 NEW FREEPORTS