Australian Owned "American Rare Earths" ASX: ARR

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Australian owned American Rare Earths ASX:ARR
is expanding their high value resources,
including two of the potentially largest rare earths projects in the US

With a globally significant exploration target of over one billion tonnes of mineralised rare earth rocks,
the 100% owned Halleck Creek project has the potential to be among
the largest rare earths deposits in the US.
Halleck Creek Technical Report March 2023

American Rare Earths has completed a successful diamond drilling program at Overton Mountain, a key part of their Halleck Creek Rare Earths Project in Wyoming. The results of this program will be used to upgrade the current JORC Resource estimate, which is already an impressive 1.43 billion tonnes. Watch: https://www.youtube.com/watch?v=jXH6kvi2YIg

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America Rare Earths’ Donald Swartz on the recent increase in in-situ resources at Halleck Creek by 64% to 2.34 billion tonnes: https://youtu.be/88P8wwWYt0Y
Mar 18, 2024
In a recent interview with InvestorNews host Peter Clausi, Donald Swartz, CEO of American Rare Earths Limited (ASX: ARR | OTCQX: AMRRY), discussed the significant progress and developments at the company's Halleck Creek project, one of the largest deposits of rare earths in North America.

Swartz highlighted the company's latest achievements, including the filing of a License to Explore with the Wyoming Department of Environmental Quality, which will facilitate test mining at the Cowboy State Mine site in Albany County, WY. This step, along with expedited analytical testwork from the recent drilling campaign, represents critical advancements towards scaling an operable mine and processing facility. The CEO also mentioned the submission of an application for a revised drilling notice at Halleck Creek, which aims to permit locations for additional core and reverse circulation holes, reinforcing the company's commitment to expanding its exploration and understanding of the project's potential.

Swartz expressed optimism about the company's future, citing the recent increase in in-situ resources at Halleck Creek
by 64% to 2.34 billion tonnes at 3,196 ppm Total Rare Earth Oxides (TREO), as a testament to the project's enormous potential.

This update, based on the Sept/Oct 2023 exploration program, not only expanded the resource's lateral and vertical extents but also significantly increased the measured and indicated resources by 128%. Swartz's remarks underscore the breakthroughs in mine planning and metallurgy, which have bolstered the company's confidence in the project. He articulated the company's vision to build the next major rare earth company and to play a key role in securing the supply for the United States, stating, "The successful Placement has allowed us to accelerate work originally contemplated in FY2025 in parallel with the completion of our scoping study due for release this quarter. I’m encouraged with the interest shown by new and existing investors under the Placement and see it as a real demonstration of confidence and support for our vision." This forward-looking perspective highlights American Rare Earths Limited's strategic approach to developing the Halleck Creek project as a cornerstone for the clean energy transition and US national security.

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Exciting development for American Rare Earths Limited (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY), the Export-Import Bank of the United States (EXIM) has issued a non-binding Letter of Interest to provide up to US$456 million in debt financing. The funds will support the construction and execution phase of the Cowboy State Mine (CSM) area at ARR’s 100%-owned Halleck Creek Project in Wyoming.

"Investor.News: American Rare Earths Secures EXIM Bank Support with US$456M Letter of Interest for Wyoming Rare Earth Project"

The funds will support the construction and execution phase of the Cowboy State Mine (CSM) area at ARR’s 100%-owned Halleck Creek Project in Wyoming. This financial backing marks a pivotal moment for the U.S. rare earths sector, reinforcing the country’s push for a domestic supply chain amid global competition.

As outlined in ARR’s March 2024 Scoping Study, this project represents a substantial opportunity for the United States to gain strategic control over rare earth resources, including key magnet metals such as neodymium (Nd) and praseodymium (Pr). These elements are critical for technologies like electric vehicles (EVs), wind turbines, and other components essential to the clean energy transition.


Read more: https://americanrareearths.com.au/in...earth-project/

Download Presentation: https://americanrareearths.com.au/wp...esentation.pdf