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American Rare Earths (OTCQX: AMRRY) is a critical minerals company at the forefront of reshaping the U.S. rare earths industry. Through its wholly owned subsidiary, Wyoming Rare (USA) Inc., the company is advancing the Halleck Creek Project in Wyoming, one of the largest rare earth deposits in North America. Rare earth elements (REEs) are essential for the production of advanced technologies, including electric vehicles, renewable energy systems, and defense applications, making American Rare Earths a pivotal player in securing U.S. critical mineral independence.
Core Business and Operations
The Halleck Creek Project, located on mining-friendly Wyoming State land, represents a world-class rare earth resource with a JORC-compliant estimate of 2.63 billion tonnes. The project is designed for cost-efficient open-pit mining and includes plans for onsite mineral processing and separation facilities. By leveraging these capabilities, American Rare Earths aims to reduce U.S. reliance on imported rare earth elements, primarily from China, while meeting the growing demand for these materials across various industries.
Strategic Importance and Market Position
American Rare Earths is uniquely positioned to align with U.S. national priorities for critical mineral independence. The company’s operations support economic growth and supply chain security by providing a domestic source of rare earth elements. The Halleck Creek Project’s scalable, low-cost mining methods and its location on State and Federal lands further enhance its strategic significance. Additionally, the company collaborates with U.S. Government-supported R&D programs to develop innovative extraction and processing technologies, reinforcing its commitment to environmentally responsible mining practices.
Competitive Landscape and Differentiation
In an industry dominated by Chinese suppliers, American Rare Earths differentiates itself through its U.S.-based operations, streamlined permitting processes, and focus on sustainability. The company’s strategic engagement with stakeholders, including the State of Wyoming and federal agencies, strengthens its position as a reliable and ethical supplier of rare earth elements. This approach not only mitigates geopolitical risks but also aligns with growing consumer and governmental demand for sustainable and transparent supply chains.
Environmental Responsibility
American Rare Earths is committed to minimizing the environmental impact of its operations. The company employs innovative technologies and collaborates with research institutions to develop more sustainable methods for extracting and processing rare earth elements. These efforts underscore its dedication to balancing economic growth with environmental stewardship.
Future Outlook
As exploration and development progress, the Halleck Creek Project holds the potential to become a multi-generational resource. Its untapped reserves on both State and Federal lands offer significant opportunities for expansion, positioning American Rare Earths as a cornerstone of U.S. critical mineral independence. By addressing the growing demand for rare earth elements in defense, renewable energy, and advanced technologies, the company is poised to play a transformative role in the global economy.
American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) has successfully completed an extended 2024 drilling program at its Halleck Creek Rare Earths Project in Wyoming. The program included five additional reverse circulation (RC) drill holes, totaling 837 meters, focused on the western section of the Cowboy State Mine (CSM) deposit, an area known for higher-grade rare earth mineralization.
Key highlights include:
- Geophysical logging and detailed geological analysis of drill cuttings are underway
- Samples have been sent to ALS Global for formal assay
- Results are expected to contribute to resource model updates and long-term project development
CEO Chris Gibbs emphasized the importance of targeting high-grade zones to enhance the project's resource potential. The company will incorporate the new data into updated geological models and continue to inform the market as the program progresses.
American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) has announced positive assay results from its 2024 drilling campaign at the Cowboy State Mine (CSM) area in Wyoming. The results confirm high-grade rare earth ore in the western portion of the deposit, with significant intercepts including:
- HC24-RM044: 172.4m @ 3,716 ppm TREO
- HC24-RM036: 51.0m @ 3,390 ppm TREO
- HC24-RM040: 30.0m @ 2,203 ppm TREO
The campaign has defined the eastern boundary of the Red Mountain Pluton and will now focus on higher-grade zones near Red Mountain. Four additional drill holes are planned to target these areas. The CSM area is part of the larger Halleck Creek deposit, which has a 2.34 billion tonne JORC resource containing 7.48 million tonnes of total rare earth oxides.
American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) has announced that its subsidiary, Wyoming Rare (USA) Inc., received a non-binding Letter of Interest from the Export-Import Bank of the United States (EXIM) for a debt funding package of up to US$456 million. This funding is intended for the construction and execution phase of the Cowboy State Mine area at the Halleck Creek Project in Wyoming.
The debt financing will have a 15-year repayment term under EXIM's Make More In America Initiative. The Halleck Creek deposit has a 2.34 billion tonne JORC resource, containing 7.48 million tonnes of total rare earth oxides, including key magnet metals like Neodymium and Praseodymium oxides. This project is seen as the first step in a multi-phase approach to developing the Halleck Creek deposit, which has the potential to be a multi-generational rare earths asset for the U.S.
American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) held productive initial meetings to accelerate the development of the Halleck Creek project through its wholly-owned subsidiary, Wyoming Rare (USA) Inc. (WRI). The ARR/WRI Board meetings in Cheyenne focused on establishing WRI as a Wyoming-based project with local leadership for the Cowboy State Mine. A special reception was held with Wyoming stakeholders, including business people, ranchers, community members, and elected officials.
The company recently secured a US$7.1 million non-dilutive grant from the State of Wyoming for the Cowboy State Mine. WRI plans to strengthen its operational team and continue project development through further exploration, baseline permitting, and metallurgical test work to update resource estimates over the coming year.
American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) has announced outstanding drill results from its 2024 drilling campaign at the Cowboy State Mine (CSM) area of Wyoming Rare (USA) Inc. Key highlights include:
- Drill hole HC24-RM035: 299.1m @ 4,393 ppm Total Rare Earth Oxides (TREO)
- HC24-RM023: 117.5m @ 4,006 ppm TREO
- Elevated rare earth mineralization from surface to depths of at least 300m
- Deposit remains open at depth
The results will be used to update geological models, resource estimates, and contribute to the upcoming Prefeasibility Study (PFS). CEO Chris Gibbs emphasized the upside potential of the Halleck Creek district and the opportunity to rapidly advance the project with Wyoming State support.
American Rare Earths (ASX: ARR | OTCQX: ARRNF) has completed its 2024 drilling campaign at the Cowboy State Mine area. The program included 12 RC holes (1,031m) and 11 HQ core holes (1,585m), with two core holes reaching 300m depths. A total of 1,348 samples were collected and sent for assay. The drilling results will be used to update geological models, resource estimates, and contribute to the upcoming Prefeasibility Study (PFS).
CEO Chris Gibbs highlighted the exciting potential of this world-class deposit, noting mineralization observed to depths of at least 302m. The company aims to develop the Cowboy State Mine as part of the larger Halleck Creek District in Wyoming. American Rare Earths is focused on creating sustainable rare earth projects in North America to meet the increasing demand for resources essential to clean energy transition and US national security.
American Rare Earths (ASX: ARR | OTCQX: ARRNF) has announced a strategic shift to accelerate the development of its Halleck Creek Project in Wyoming. The company has created a 100% owned subsidiary, Wyoming Rare USA Inc. (WRI), dedicated to developing the project. This move aims to enhance shareholder value and make the project more accessible to major US investors.
Key points:
- WRI will focus on developing the Cowboy State Mine on Wyoming State Tenements
- A recent Scoping Study showed an NPV of US$673.9m, IRR of 22.5%, and payback period of 2.9 years
- New leadership appointments include Sten Gustafson as WRI Chairman and Joe Evers as WRI President
- Chris Gibbs will be appointed as CEO of ARR
The company aims to position Halleck Creek as a strategic resource for US markets and accelerate its development.
American Rare Earths (ASX: ARR | OTCQX: ARRNF) has announced promising results from surface geochemistry sampling at its Halleck Creek Rare Earths project. The company collected 88 surface samples across previously unmapped or sparsely mapped expansion areas, including Bluegrass, northern Overton Mountain, and Sommers Flat Area.
Key findings include:
- Total Rare Earth Oxide (TREO) grades up to 5,280 ppm
- Most samples at Overton Mountain and Bluegrass show TREO values exceeding 2,770 ppm
- Four samples exceeded 4,000 ppm TREO
The results demonstrate the upside potential of the Halleck Creek district, with the Bluegrass area identified as a high-priority exploration/expansion target for 2024-2025.
American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) has commenced its 2024 drilling campaign at the Cowboy State Mine (CSM) area. The program includes 23 holes (11 core and 12 reverse circulation) for a total of 2,670 meters. This in-fill drilling aims to upgrade resource estimates, provide data for pit design, environmental studies, and collect samples for metallurgical testing.
The campaign, partnering with FTE Drilling, is expected to last 6-8 weeks. Key objectives include upgrading resources to measured and indicated status, expanding resources at depth and to the west, and collecting samples for various tests. The data will be used to update geological resource models for prefeasibility studies of the CSM area.
American Rare Earths has been awarded A$10.7 million (US$7.1 million) in non-dilutive funding from the State of Wyoming to advance its Cowboy State Mine at Halleck Creek. The three-year grant, part of a Matching Funds arrangement, will cover further exploration, environmental studies, pilot plant processing, prefeasibility studies, and community impact assessments. This funding highlights the potential of the Cowboy State Mine and reinforces Wyoming's commitment to supporting energy and mining projects. The grant is seen as a validation of the company's direction and aims to expedite project development.
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