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AMERICAN RARE ERTHS S/ADR - AMRRY STOCK NEWS

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American Rare Earths (AMRRY) is a leading company focused on the extraction and processing of Rare Earth Elements (REE). Through collaborations with the U.S. Department of Energy and Virginia Tech, AMRRY has achieved positive results in metallurgical leaching studies. The company's flagship projects at Halleck Creek and La Paz in North America position it well to meet the growing demand for critical minerals essential for clean energy technologies. With a commitment to sustainable practices and innovative solutions, AMRRY aims to play a key role in the clean energy transition and strengthen the U.S. supply chain for REEs.

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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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American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) announced an update on their Halleck Creek Project, focusing on upcoming exploration and R&D milestones.

A drilling program of 2,470 meters will start in July 2024 in the Cowboy State Mine area to enhance resource estimates. The project also received $4.6 million in DARPA funding for continued R&D, with Lawrence Livermore National Laboratory involved in flowsheet design.

Baseline environmental data collection has begun, and advanced separation and concentration testwork are ongoing. SGS Canada will conduct detailed leach testing, expected to commence in Q3 2024.

CEO Donald Swartz emphasized the project's progress in de-risking and advancing studies for FY2025.

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American Rare Earths (ARR) has announced the potential for zircon co-product at its Halleck Creek project. Zircon is important for industries like ceramics, electronics, and nuclear energy. Initial assay results show a significant zirconium upgrade, with a density of 2,077 ppm compared to an average crustal abundance of 300 ppm. Spiral testing within the REEs program achieved a 13.7x upgrade, indicating ~2.3% zirconium concentration. The company collaborates with the University of Wyoming and has found zircon more prevalent than expected. Ongoing beneficiation work includes gravity separation and magnetic removal to further concentrate zirconium. Future exploration aims to separate zirconium concentrate and extract heavy REEs.

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American Rare Earths (OTCQX: ARRNF) is set to benefit from new U.S. tariff policies aimed at critical minerals and technology sectors. The U.S. Trade Representative's announcement includes stricter import measures, especially from China, likely boosting demand for domestic critical minerals. American Rare Earths' key projects at Halleck Creek in Wyoming and La Paz in Arizona position the company strongly, given these are among North America's largest rare earth deposits. These minerals are vital for clean energy technologies like electric vehicles and renewable energy. CEO Donald Swartz noted the alignment of these tariffs with the company’s strategy, enhancing their ongoing projects and market position.

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American Rare Earths (ARR) has announced positive results from a metallurgical study on leaching extraction of Rare Earth Elements (REE) from the Halleck Creek ore. Two independent studies highlighted the economic potential of Halleck Creek, showcasing high REE extraction rates and low operating costs. The collaboration with the U.S. Department of Energy and Virginia Tech further validates the project's viability.

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American Rare Earths (ARRNF) announces assay results revealing potential for a larger, higher grade REE resource area in the Cowboy State mine. Surface samples show up to 6,221 ppm TREO, a 64% increase to mine planning, with high value magnetic rare earths (MREO) averaging 27% of TREO. The mapping and sampling will aid in future higher-grade resource drilling.
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American Rare Earths announces positive results of the Halleck Creek Scoping Study Technical Report, showcasing compelling economics and scalability in the major mining hub of Wyoming, USA. The study outlines an NPV8 of US$673.9m and NPV10 of US$505.1m, with an IRR of 22.5% and payback period of 2.9 years under a base case 3Mtpa operating scenario. Low operating costs, favorable geology, and efficient processing methods contribute to the project's potential. The project leverages the Advanced Manufacturing Production Tax Credit to incentivize domestic production of rare earths, aligning with US government initiatives.
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American Rare Earths (ARRNF) executives are set to participate in two key industry conferences to discuss recent resource updates at Halleck Creek. The Company's geologist will present at PDAC, highlighting the flagship project, while the CEO will join a panel at the Battery Venture Conference. The presentations aim to showcase the Company's significant measured and indicated resources.
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American Rare Earths Limited successfully raises A$13.5 million through an institutional placement, receiving strong support from existing shareholders and new institutional investors. The funds will be used to advance the Halleck Creek Rare Earth Project in Wyoming, USA, to meet the increasing demand for critical minerals in the clean energy transition and US national security.
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American Rare Earths CEO, Donald Swartz, to feature on 'The Future' panel at the 2024 Miami Coal Forum, discussing environmentally friendly mining methods. The event aims to address the clean energy transition and US national security.
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FAQ

What is the current stock price of AMERICAN RARE ERTHS S/ADR (AMRRY)?

The current stock price of AMERICAN RARE ERTHS S/ADR (AMRRY) is $10.03 as of October 15, 2024.

What is the market cap of AMERICAN RARE ERTHS S/ADR (AMRRY)?

The market cap of AMERICAN RARE ERTHS S/ADR (AMRRY) is approximately 90.5M.

What is American Rare Earths focused on?

AMRRY is focused on the extraction and processing of Rare Earth Elements (REE).

What are some of AMRRY's recent achievements?

AMRRY has achieved positive results in metallurgical leaching studies and is strategically positioned with flagship projects at Halleck Creek and La Paz.

How does AMRRY contribute to the clean energy transition?

AMRRY plays a crucial role by supplying critical minerals essential for clean energy technologies.

What partnerships does AMRRY have?

AMRRY collaborates with the U.S. Department of Energy and Virginia Tech on research and development projects.

What is AMRRY's long-term goal?

AMRRY aims to strengthen the U.S. supply chain for REEs and promote sustainable practices in the industry.

AMERICAN RARE ERTHS S/ADR

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AMRRY Stock Data

90.48M
393.89M
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