American Rare Earths Holds First Wyoming Rare (USA), Inc. Board and Stakeholder Meetings
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) ha tenuto incontri iniziali produttivi per accelerare lo sviluppo del progetto Halleck Creek attraverso la sua controllata interamente posseduta, Wyoming Rare (USA) Inc. (WRI). Gli incontri del Consiglio ARR/WRI a Cheyenne si sono concentrati sull'istituzione di WRI come un progetto basato nel Wyoming con una leadership locale per la Cowboy State Mine. È stata tenuta una reception speciale con stakeholder del Wyoming, inclusi imprenditori, allevatori, membri della comunità e funzionari eletti.
Recentemente, l'azienda ha ottenuto un finanziamento non diluitivo di 7,1 milioni di dollari USA dallo Stato del Wyoming per la Cowboy State Mine. WRI prevede di rafforzare il suo team operativo e di continuare lo sviluppo del progetto attraverso ulteriori esplorazioni, autorizzazioni di base e test metallurgici per aggiornare le stime delle risorse nel corso dell'anno a venire.
American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) llevó a cabo reuniones iniciales productivas para acelerar el desarrollo del proyecto Halleck Creek a través de su filial de propiedad total, Wyoming Rare (USA) Inc. (WRI). Las reuniones de la Junta ARR/WRI en Cheyenne se centraron en establecer WRI como un proyecto con sede en Wyoming con liderazgo local para la Cowboy State Mine. Se celebró una recepción especial con partes interesadas de Wyoming, incluyendo empresarios, ganaderos, miembros de la comunidad y funcionarios electos.
Recientemente, la empresa aseguró una del Estado de Wyoming para la Cowboy State Mine. WRI planea fortalecer su equipo operativo y continuar el desarrollo del proyecto a través de más exploraciones, permisos de base y trabajos de prueba metalúrgica para actualizar las estimaciones de recursos en el próximo año.
American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY)는 자회사인 Wyoming Rare (USA) Inc. (WRI)를 통해 Halleck Creek 프로젝트의 개발을 가속화하기 위한 생산적인 초기 회의를 개최했습니다. Cheyenne에서 열린 ARR/WRI 이사회 회의에서는 Cowboy State Mine을 위한 지역 리더십을 갖춘 Wyoming 기반 프로젝트로 WRI를 설정하는 데 초점을 맞추었습니다. 와이오밍 이해관계자와의 특별 리셉션이 열렸으며, 이에는 비즈니스 관계자, 목장주, 지역 사회 구성원, 선출된 공직자들이 포함되었습니다.
회사는 최근 Cowboy State Mine을 위해 와이오밍주로부터 710만 달러의 비희석 보조금을 확보했습니다. WRI는 운영팀을 강화하고 향후 1년 동안 자원 추정을 업데이트하기 위한 기초 허가 및 금속 시험 작업을 통해 프로젝트 개발을 지속할 계획입니다.
American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) a tenu des réunions initiales productives pour accélérer le développement du projet Halleck Creek via sa filiale entièrement détenue, Wyoming Rare (USA) Inc. (WRI). Les réunions du conseil d'ARR/WRI à Cheyenne se sont concentrées sur l'établissement de WRI en tant que projet basé au Wyoming avec un leadership local pour la Cowboy State Mine. Une réception spéciale a été organisée avec des partenaires du Wyoming, y compris des hommes d'affaires, des éleveurs, des membres de la communauté et des élus.
Récemment, l'entreprise a obtenu un subside non dilutif de 7,1 millions de dollars américains de l'État du Wyoming pour la Cowboy State Mine. WRI prévoit de renforcer son équipe opérationnelle et de continuer le développement du projet grâce à des explorations supplémentaires, à des permis de base, et à des travaux d'essai métallurgique afin de mettre à jour les estimations des ressources au cours de l'année à venir.
American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) hielt produktive erste Treffen ab, um die Entwicklung des Halleck Creek Projekts durch seine hundertprozentige Tochtergesellschaft, Wyoming Rare (USA) Inc. (WRI), zu beschleunigen. Die ARR/WRI Vorstandssitzungen in Cheyenne konzentrierten sich darauf, WRI als ein in Wyoming ansässiges Projekt mit lokaler Führung für die Cowboy State Mine zu etablieren. Eine besondere Empfangsveranstaltung mit Stakeholdern aus Wyoming fand statt, darunter Geschäftsleute, Viehzüchter, Mitglieder der Gemeinschaft und gewählte Beamte.
Das Unternehmen sicherte sich kürzlich einen nicht verwässernden Zuschuss in Höhe von 7,1 Millionen US-Dollar vom Bundesstaat Wyoming für die Cowboy State Mine. WRI plant, sein operatives Team zu stärken und die Projektentwicklung durch weitere Erkundungen, Basisgenehmigungen und metallurgische Tests zur Aktualisierung der Ressourcenabschätzungen im kommenden Jahr fortzusetzen.
- Secured US$7.1 million non-dilutive grant funding from the State of Wyoming
- Established Wyoming Rare (USA) Inc. as a local subsidiary to manage the Halleck Creek project
- Plans to strengthen the operational team with project engineers and geologists
- Continued development planned through exploration, permitting, and metallurgical test work
- None.
DENVER, Sept. 04, 2024 (GLOBE NEWSWIRE) -- American Rare Earths Limited, (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) (“ARR” or the “Company”) is pleased to report productive initial meetings to accelerate development of Halleck Creek, as managed by ARR’s wholly-owned subsidiary, Wyoming Rare (USA) Inc. (WRI). The ARR/WRI Board meetings held in Cheyenne advanced the establishment of WRI as a Wyoming project with Wyoming leadership focused on the development of the Cowboy State Mine at Halleck Creek as an attractive prospect for US based investment and partnerships.
Following the Board meetings, a special reception was held at the offices of Holland & Hart LLP, the Company’s legal advisors, where the Company met with Wyoming stakeholders including business people, ranchers, community members and elected officials.
Commenting on these meetings, Richard Hudson, Chairman of the ARR Board noted, “We appreciate having the opportunity to meet personally with many of our key Wyoming stakeholders and thank WRI President Joe Evers and our partners at Holland & Hart for giving us all the chance to get to know each other better.”
“We deeply appreciate the warm welcome from the Wyoming folks who came to Cheyenne to meet us,” continued Hudson. “I remember especially one gentleman who drove four hours - a good reminder that Wyoming, like Australia, is a big place, but one where we can feel at home while building this vital project.”
The Company recently announced a US
“Wyoming has a long and important relationship with mining and a kinship with Australia that make the Cowboy State Mine a genuine partnership benefitting the State of Wyoming, the US and all our stakeholders,” said Joe Evers, President WRI.
The Company will continue to strengthen the operational team at Wyoming Rare (USA) Inc. with the addition of project engineers and geologists.
Over the coming year, WRI anticipates continued development of Halleck Creek through further exploration, baseline permitting, and continued metallurgical test work, to update resource estimates.
About American Rare Earths Limited:
American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) owns Wyoming Rare (USA) Inc. which is focused on the development of the Halleck Creek Project, WY. It also owns La Paz, AZ rare earth deposit. Both can potentially become the largest and most sustainable rare earth projects in North America. The Company is developing environmentally friendly and cost-effective extraction and processing methods to meet the rapidly increasing demand for resources essential to the clean energy transition and US national security. The Company continues to evaluate other exploration opportunities and is collaborating with US Government-supported R&D to develop efficient processing and separation techniques of (REEs) elements to help ensure a renewable future.
Susan Assadi
Media Relations US
sassadi@americanree.com
347 977 7125
Beverly Jedynak
Investor Relations US
Beverly.jedynak@viriathus.com
312 943 1123
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