U.S. Tariff Policy Changes to Benefit American Rare Earths Ltd.

Rhea-AI Summary

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.

Positive

• New U.S. tariff policies expected to increase demand for domestic critical minerals, benefiting ARRNF.
• Strategic projects at Halleck Creek and La Paz are among North America's largest rare earth deposits.
• Projects contribute to clean energy initiatives, including electric vehicles and renewable energy technologies.
• Policy changes align with ARRNF's strategy to advance their flagship Halleck Creek project.
• Improved market position due to reduced dependency on Chinese imports.

Negative

• Reliance on policy changes might lead to over-dependence on government actions for business growth.
• Potential delay and uncertainty in policy implementation could affect ARRNF's projected benefits.

DENVER, May 15, 2024 (GLOBE NEWSWIRE) -- American Rare Earths Ltd. (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) stands to gain significantly from the recent U.S. tariff policy changes targeting critical minerals and technology sectors. The announcement by the U.S. Trade Representative emphasizes stricter measures on imports, particularly from China, which is poised to escalate the demand for locally sourced critical minerals.

American Rare Earths, with its strategic projects at Halleck Creek in Wyoming and La Paz in Arizona, is well-positioned to capitalize on this shift. These sites, among North America's largest rare earth deposits, are central to the company's efforts to supply resources vital for the clean energy transition, including those used in electric vehicles and renewable energy technologies.

As the U.S. moves to enhance its domestic supply chains for critical minerals, American Rare Earths expects an increase in demand for its products. This policy shift aligns with ARR's ongoing initiatives to expand its operations and strengthen its market position in a rapidly evolving industry.

Donald Swartz, Chief Executive Officer of American Rare Earths commented:

“It is encouraging to see the Biden administration acknowledge that the United States can no longer rely on geopolitical rivals to supply materials essential to national security. The phase-in of the tariffs aligns very well with our American development strategy, as we continue to advance our flagship Halleck Creek magnetic rare earth project in Wyoming.”

You can read the full White House statement here.

About American Rare Earths Limited:

American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) owns the Halleck Creek, WY and La Paz, AZ rare earth deposits which have the potential to become the largest and most sustainable rare earth projects in North America. American Rare Earths 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 rare earth elements to help ensure a renewable future.

Contact:
Susan Assadi
Media Relations US
sassadi@americanree.com
347 977 7125

Beverly Jedynak
Investor Relations US
Beverly.jedynak@viriathus.com
312 943 1123

FAQ

How will the U.S. tariff policy changes impact American Rare Earths (ARRNF)?

The new U.S. tariff policies are likely to increase demand for domestic critical minerals, benefiting American Rare Earths (ARRNF) by boosting their market position.

What are American Rare Earths 's strategic projects mentioned in the PR?

American Rare Earths 's strategic projects include the Halleck Creek project in Wyoming and the La Paz project in Arizona, which are among North America's largest rare earth deposits.

Why are the Halleck Creek and La Paz projects significant for ARRNF?

The Halleck Creek and La Paz projects are significant for ARRNF as they contain large rare earth deposits essential for clean energy technologies such as electric vehicles and renewable energy.

What did the CEO of American Rare Earths say about the new tariff policies?

CEO Donald Swartz stated that the tariff policies align with ARRNF's American development strategy and support their efforts to advance the Halleck Creek project in Wyoming.