Company
ASX:ARR
American Rare Earths Ltd is a critical minerals company at the forefront of reshaping the U.S. rare earths industry. Through its wholly owned subsidiary, Wyoming Rare (USA) Inc., the company is advancing the Halleck Creek Project in Wyoming—a world-class rare earth deposit with the potential to secure America’s critical mineral independence for generations.
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Rare earths & specialist minerals
The technical report shows impressive surface sampling results over a substantially expanded tenement control footprint, which support the robust prospectivity of the extensive Halleck Creek project area.
Rare earths & specialist minerals
Ore from the project in Arizona has been effectively concentrated using magnetic separation and direct flotation with ore mass reduced by 76% for surface samples.
Rare earths & specialist minerals
This result demonstrates the potential for La Paz to be one of the largest rare earths projects in North America, making the asset significant in the development of the US domestic rare earths supply chain.
Rare earths & specialist minerals
The Laramie Rare Earth Element Project acquisition reflects ARR’s long-term strategy for its US holding company to build market leadership in the sector and serve the country’s growing need for domestic supply.
Rare earths & specialist minerals
Drilling at American Rare Earths’ La Paz asset has led the company to a potential new rare earths orebody discovery as a resource upgrade progresses.
Rare earths & specialist minerals
While the company remains focused on unlocking the rare earths and scandium mineral potential at its US projects, acquiring the scandium mineral rights presents a unique opportunity to expand its scandium portfolio.
Rare earths & specialist minerals
The Technical Report was completed by World Industrial Minerals LLC and contains the background history of the mining district, previous exploration in the area, details of current sampling and mapping, analytical results and exploration re
Rare earths & specialist minerals
Searchlight, the company’s new high-grade rare earth element exploration project, is near the USA’s only operating rare earths mine and consists of 80 contiguous unpatented lode mining claims.
Rare earths & specialist minerals
The recently completed drilling campaign indicates that there is a potential to increase the grade and size of the resource at the project as well as increase the cut-off grade.
Rare earths & specialist minerals
A larger concentrator program will be undertaken when diamond drill core becomes available in May, exploring the use of new generation flotation collectors and promoters to specifically target rare earth bearing allanite.
Rare earths & specialist minerals
After the planned 2021 drilling program, the company expects to be able to upgrade the rare earths resource and separately establish a maiden resource for scandium.
Rare earths & specialist minerals
Subsidiary Western Rare Earths will drill to double the depth of the current resource in a program with nine drill holes to 61 metres each planned – that’s 50% more than the six holes originally announced.
Rare earths & specialist minerals
New samples have returned higher grade rare earths and scandium results than previously reported, supporting the company’s upcoming drilling program at the La Paz Project in Arizona.
Rare earths & specialist minerals
The broker believes the La Paz asset is strategically located to take advantage of the rare earths revival in the US and has given the company a LONG rating with a 12-month target price of 24 cents.
Rare earths & specialist minerals
The company’s projects are well placed to take advantage of US goals to build certainty and diversity into rare earth supply chains.
Rare earths & specialist minerals
The proceeds from the sale of the COB shares places the company in a strong financial position as it progresses its La Paz Rare Earths Project in the USA.
Rare earths & specialist minerals
Non-executive director Geoffrey Hill has acquired a total of 600,000 ARR shares in transactions this month.
Rare earths & specialist minerals
Addition of the Laramie Rare Earths Project in Wyoming reflects the company’s long-term strategy to build market leadership in the sector amid the declaration of critical metals as strategic to the USA’s economic future.
Rare earths & specialist minerals
The company plans to advance exploration programs and complete metallurgical test work on the La Paz Project in Arizona.
Rare earths & specialist minerals
Funds raised will enable the company to advance exploration and metallurgical tests as it works towards delivering a Preliminary Economic Assessment in 2021.
