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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.
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.
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.
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.
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.
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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