AMERICAN RARE EARTHS LTD - ARRNF STOCK NEWS

American Rare Earths (OTCQB: ARRNF) has reported promising assay results from its Halleck Creek Rare Earths project in Wyoming. Results from 600 samples across six reverse circulation drill holes confirm rare earth mineralization extending to 175.5 meters, 75.5% deeper than previous targets. Notably, 27% of the rare earths comprise highly valuable magnetic elements. Significant intercepts include 4,303 ppm over 169.5 meters and 6,948 ppm over 37.5 meters. The current assay results bolster the potential for a large-scale resource, reinforcing the project's viability in meeting growing demand in the rare earth market, projected to reach US$20 billion by the mid-2020s.

American Rare Earths (ASX:ARR | OTCQB:ARRNF | FSE:1BHA) has announced assay results from the Halleck Creek Rare Earths project in Wyoming, showing significant concentrations of rare earth minerals.

Key results include up to 8,359 ppm Total Rare Earth Oxide (TREO) values, with mineralization confirmed at 150 meters deep—a 50% increase from prior drilling. Notable drill results include 4,394 ppm TREO over 120 meters. These findings enhance the potential for a substantial maiden JORC resource.

Assays indicate that magnetic rare earth oxides represent about 27% of total rare earths, with low levels of thorium and uranium.

American Rare Earths has expanded its mineral claims by 26% with the addition of the County Line prospect in Wyoming, encompassing 2,113 acres that increases the total controlled area to 8,165 acres.

This strategic move aims to support the onshoring of rare earth materials crucial for national security. The company plans extensive exploration activities this spring following snow clearance, focusing on developing a significant JORC Resource.

Management emphasizes the importance of sourcing these materials sustainably, leveraging the Halleck Creek district's low thorium and uranium levels to mitigate environmental impact.

American Rare Earths has appointed Melissa Sanderson as the new President of North America, succeeding Marty Weems. Sanderson brings over 30 years of experience in mining and diplomacy, including significant roles at Freeport-McMoRan and the US State Department. She is expected to enhance partnerships with government agencies, particularly given her experience in ESG and diplomacy. The company operates the Halleck Creek Rare Earth Project in Wyoming, which is estimated to contain over one billion tonnes of ore, making it a significant asset in the rare earth sector. The company's mission is to establish a domestic supply chain for critical materials as the global rare earth market grows.

American Rare Earths has concluded a 38-hole drilling program at its Halleck Creek rare earths project in Wyoming, confirming mineralization up to 150m depth—33.33% more than previous estimates. A total of 5726 metres were drilled, with 3,817 samples collected for analysis. Geological data indicates strong rare earth element (REE) mineralization and the exploration target may exceed a billion tonnes. The deposit also extends eastward into the neighboring Bluegrass prospect. The company expects assay results to guide the creation of a maiden JORC resource estimate due in early Q1 2023.

American Rare Earths Ltd announced promising results from metallurgical tests at its Halleck Creek project in Wyoming, potentially establishing a low-cost rare earths mining operation. Conducted by Wood Australia, the tests revealed low ore strength, reduced energy needs, and lower grinding requirements, enhancing operational efficiency. The company, also working on the La Paz project in Arizona, aims to bolster the US supply chain for rare earths in light of governmental support to reduce reliance on China. Further testing is ongoing to refine the processing methods.

American Rare Earths Ltd (OTCQB:ARRNF) will present at the 11th Annual Discovery One-on-One Investor Conference on December 1, 2022, at the New York Athletic Club. Mr. Marty Weems, President - North America, will engage in one-on-one meetings with institutional analysts and investors. The conference aims to connect emerging publicly traded companies with potential investors. American Rare Earths focuses on supplying critical materials for renewable energy and electric vehicles, with significant assets in Arizona and Wyoming.

American Rare Earths Limited (ASX:ARR, OTCQB:ARRNF) is set to present live on October 20, 2022, at VirtualInvestorConferences.com. Marty Weems, President - North America, will discuss key developments including a 328% increase in exploration targets and ongoing drilling to define a JORC-compliant resource at Halleck Creek. The event allows real-time Q&A for investors. Archived webcasts will be available post-presentation. The company focuses on rare earths, positioning itself as a crucial supply chain alternative to China, with a significant $20 billion market expected by the mid-2020s.