In a recent interview with InvestorNews host Peter Clausi, Donald Swartz, CEO of American Rare Earths Limited (ASX: ARR | OTCQX: AMRRY), discussed the significant progress and developments at the company’s Halleck Creek project, one of the largest deposits of rare earths in North America. Swartz highlighted the company’s latest achievements, including the filing of a License to Explore with the Wyoming Department of Environmental Quality, which will facilitate test mining at the Cowboy State Mine site in Albany County, WY. This step, along with expedited analytical testwork from the recent drilling campaign, represents critical advancements towards scaling an operable mine and processing facility. The CEO also mentioned the submission of an application for a revised drilling notice at Halleck Creek, which aims to permit locations for additional core and reverse circulation holes, reinforcing the company’s commitment to expanding its exploration and understanding of the project’s potential.

Swartz expressed optimism about the company’s future, citing the recent increase in in-situ resources at Halleck Creek by 64% to 2.34 billion tonnes at 3,196 ppm Total Rare Earth Oxides (TREO), as a testament to the project’s enormous potential. This update, based on the Sept/Oct 2023 exploration program, not only expanded the resource’s lateral and vertical extents but also significantly increased the measured and indicated resources by 128%. Swartz’s remarks underscore the breakthroughs in mine planning and metallurgy, which have bolstered the company’s confidence in the project. He articulated the company’s vision to build the next major rare earth company and to play a key role in securing the supply for the United States, stating, “The successful Placement has allowed us to accelerate work originally contemplated in FY2025 in parallel with the completion of our scoping study due for release this quarter. I’m encouraged with the interest shown by new and existing investors under the Placement and see it as a real demonstration of confidence and support for our vision.” This forward-looking perspective highlights American Rare Earths Limited’s strategic approach to developing the Halleck Creek project as a cornerstone for the clean energy transition and US national security.

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About American Rare Earths Limited

American Rare Earths (ASX: ARR | ADRs – OTCQX: AMRRY | Common Shares – OTCQB: ARRNF) 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. 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.

To know more about American Rare Earths Limited, click here

Disclaimer: American Rare Earths Limited is an advertorial member of InvestorNews Inc.

This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.

Jack Lifton, host of InvestorNews, recently sat down with Donald Swartz, the new CEO of American Rare Earths Limited (ASX: ARR | OTCQB: ARRNF), to delve deeper into the company’s exciting developments in the rare earth sector. Here’s a brief recap of their conversation:

Swartz shed light on the recent activity in the company’s stock, attributing the upward momentum to the drilling results just released. Spotlighting the Halleck Creek project in Wyoming, Donald touted as the company’s flagship project. Additionally, under Swartz’s leadership and with CFO Jose Rico, the company has explored new prospects, most notably Beaver Creek, which has already yielded high-grade assay results of up to 13.9% TREO.

While the current work is based on grab samples, Swartz confirmed that drilling is next on the agenda. Engagements with service landowners are underway, with drilling scheduled to begin before winter.

Asked about the business’s operating plan, Swartz revealed that results from the drilling at Halleck Creek will be available around October-November, with additional resource exploration planned for both sites. A JORC report for Beaver Creek is anticipated this fall, and the drilling results from Halleck Creek will contribute to a PEA or PFS in early next year.

Neodymium and praseodymium, vital magnet metals, are the predominant rare earths in both deposits. Swartz aims to integrate these findings into a thorough economic analysis to determine the extent of metal concentration.

Swartz also addressed potential logistical challenges. Despite the high altitude of the deposits, Swartz remains optimistic. The advantageous location near major infrastructure—like power grids, water sources, and transport networks—positions American Rare Earths Limited for success. As the coal industry faces decline, Swartz hopes to leverage Wyoming’s rich mining expertise for their projects.

This interview paints a bright future for American Rare Earths and Wyoming’s mining landscape. As the company advances, all eyes will be on its promising developments in the rare earths sector.

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About American Rare Earths Limited

American Rare Earths is committed to becoming a top supplier of critical minerals. The company is a leading explorer of rare earth projects, with a strong focus on developing sustainable 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, American Rare Earths is engaged in advanced study and continued exploration of its 100% owned rare earth element projects rich in the magnet elements of neodymium and praseodymium at Halleck Creek in Albany County, Wyoming and La Paz, Arizona. Both projects have the potential to be among North America’s largest rare earth deposits. The Halleck Creek deposit was recently identified by Mining.com as fifth in the world’s top rare earth projects. A recently released maiden JORC Resource report for Halleck Creek shows 1.43 billion tonnes of in-place TREO, 4.73 million tonnes TREO containing approximately 1.05 million tonnes of the highly desirable magnet metals neodymium and praseodymium. The Halleck Creek deposit is located approximately 70km north-east of Laramie encompassing portions of Albany and Platte Counties in Wyoming. 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.

To know more about American Rare Earths Limited, click here

Disclaimer: American Rare Earths Limited is an advertorial member of InvestorNews Inc.

This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.

American Rare Earths CEO thinks Halleck Creek “will be one of the most important rare earths projects in the United States, or even the world”

American Rare Earths Limited (ASX: ARR | OTCQB: ARRNF) (“ARR”) is a leading developer of rare earth elements with a strong focus on developing sustainable and cost-effective extraction and processing methods. ARR’s 100% owned three rare earths projects are all located in the USA. ARR has recently decided to re-domicile to the USA in line with their projects’ location.

Their two key projects are Halleck Creek in Wyoming, and La Paz in Arizona. Both have the potential to be among North America’s largest rare earth deposits.

Halleck Creek Rare Earths Project’s latest developments

In March 2023, ARR announced a JORC Resource at Halleck Creek of 1.43 billion tonnes with an average TREO grade of 3,309 ppm, and an average NdPr grade of 734 ppm. That’s a huge resource and there is even more potential to grow it further. ARR states that “currently less than 25% of the Halleck Creek District has been drilled and the deposit remains open”.

As announced on June 28, 2023, ARR plans to drill a further ~2,400 meters at the Halleck Creek Project. The purpose of the drill program is to both upgrade the Resource and potentially grow it further. The upgrading goal is to “define a significant volume of measured and indicated resources“. Drilling is expected to commence later in Q3, 2023 subject to receiving permits.

ARR CEO and Managing Director, Chris Gibbs, commented:

“The outstanding results we achieved with the JORC Resource of 1.43 billion tonnes at Halleck Creek provides the foundation to build what we think will be one of the most important rare earths projects in the United States, or even the world. The 1.05 million tonnes of NdPr at Halleck Creek can unlock current boundaries of the electrification of the US economy.“

An overview of ARR’s 100% owned Halleck Creek Rare Earths Project in Wyoming, USA

Source: American Rare Earths company presentation

In other news, on July 6, 2023, ARR announced that they are advancing new and potentially better processing methods for their Halleck Creek Rare Earths Project. This is a key development as processing rare earths is a complex and expensive process, mostly done in China. ARR state:

“…..the company is actively engaged in US Government-funded research aimed at developing cleaner and cheaper processing methods for rare earths, utilizing biological techniques. In collaboration with renowned institutions and laboratories, American Rare Earths is making significant strides towards this goal….the development of a new method that employs a protein isolated from bacteria to extract and separate rare earth elements in a more environmentally friendly manner. With the potential for scalability, this breakthrough could be instrumental in the development of a domestic supply of rare earth metals, reducing the ecological impact associated with traditional extraction methods.“

Note: Bold emphasis by the author.

A reduced ecological impact would also be potentially beneficial when it comes to project permitting.

ARR is collaborating with partners to develop new biological methods to extract and separate rare earth elements

Source: American Rare Earths company presentation

Also announced on June 2, 2023, Halleck Creek ore achieved very positive initial metallurgical test results using Wet High Intensity Magnetic Separation (WHIMS) which yielded “72% recovery and rejected 77% of feed mass, an upgrade ratio of 3.1”. This was using a simple process flow sheet to produce a rare earth concentrate and maximize the recovery of magnet metals neodymium and praseodymium (NdPr).

ARR is studying using annualized ore processing of 10, 15 and 20 million tonnes per annum feed rate to the concentrator which would equate to a modeled production of 3,800 tonnes, 5,700 tonnes and 7,600 tonnes, respectively of the highly valuable NdPr oxides contained in mixed rare earth carbonate. At the upper end of these projections that would put ARR in the league of western market leaders such as Lynas Rare Earths Limited (ASX: LYC) and MP Materials Corp. (NYSE: MP), in terms of NdPr production volumes.

Near-term catalysts for the Company at Halleck Creek will be results of the detailed metallurgical testing, any results from baseline environmental test work, further drilling results and a possible resource upgrade, and any further news regarding their co-development work to produce new biological methods to extract rare earths. Beyond that the next large step is a Preliminary Economic Assessment, perhaps in H1, 2024.

Closing remarks

ARR continues to do the hard work to build a strong future for the Company. To date, results at Halleck Creek have been very encouraging. A huge resource, good recovery rates, and potential to one day achieve very significant volumes of NdPr. Any success with biological rare earths processing would be a nice bonus.

American Rare Earths trades on a market cap of A$74 million.

American Rare Earths Limited (ASX: ARR | OTCQB: ARRNF) (“ARR”) is focused on developing its 100% owned Halleck Creek Rare Earths Project in Wyoming and La Paz Scandium and Rare Earths Project in Arizona. ARR stated that these projects “both have potential to be among the largest, rare earths deposits in North America.” The Company also owns the Searchlight Rare Earths Project in Nevada, USA.

American Rare Earths 3 projects in the USA

^{Source: Company presentation}

Note: The Halleck Creek Project now has a resource not yet shown on the image above (see below for details)

Halleck Creek Rare Earths Project in Wyoming – Maiden Resource – 1.43B tonnes

The Halleck Creek Project stands out for its good grade and potential huge size, as well as having the key magnet rare earths Neodymium and Praseodymium (NdPr).

ARR’s March 17 news release gives some idea of the huge project size stating: “Final drill assays indicate a significant rare earth deposit in Wyoming, spanning over 10 square kilometers to depths of 150 meters.“

Then on March 31, 2023, ARR announced some very important news when it reported a maiden JORC Resource estimate for its Halleck Creek Rare Earths Project. The news stated:

“The JORC Resource at Halleck Creek is 1.43 billion tonnes with an average TREO grade of 3,309 ppm, and an average NdPr grade of 734 ppm. The JORC Resource estimate has exceeded expectations in comparison to previous exploration target estimates and has demonstrated the Halleck Creek project has the potential to become a world class deposit.“

Note: Bold emphasis by the author.

ARR’s CEO stated:

“With a maiden JORC Resource estimate of 1.43 billion tonnes this project is strategically significant, containing over 4.73 million tonnes of rare earth oxides. With only a quarter of the licence area drilled and remaining open at depth, the upside potential is significant. The Halleck Creek project is shaping up to be a strategic asset for the USA to supply rare earths for future generations...

Global magnetic rare earth oxide consumption is forecast to more than triple by 2035. The US government has made no secret that it is seeking to onshore supply of all critical materials for supply chain and national security purposes. There is only one producing rare earth mine within the USA, the Mountain Pass mine in California. The USA needs a number of these mines to secure onshore supply of rare earths and we believe Halleck Creek is part of the future solution.“

Halleck Creek test work already demonstrates that the ore responds well to conventional processing technology, which reduces operating and capital costs. The ore has exceptionally low levels of radioactive penalty elements such as uranium and thorium, which is great news as this allows for further reducing processing costs while boosting the ESG profile. Finally, the Project is close to infrastructure and a highly skilled workforce.

The next steps for the Project include metallurgical test work and a Scoping Study later in 2023.

Halleck Creek Project cross section below provides an overview of the Red Mountain and Overton Mountain areas

^{Source: ARR news release March 17, 2023}

Why is American Rare Earths’ stock price virtually unchanged since the great resource announcement?

A “world class deposit” and in the USA. This is superb news for the Company, yet the stock price barely moved. Why?

The reason may be that Tesla recently announced plans to eliminate the use of rare earths in its ‘next generation’ EVs. This is the platform to build a cheaper EV, often called Tesla Model 2 or the Tesla Compact Car. It remains to be seen if this change will succeed or eventually move across to all Tesla models. Some of Tesla’s Investor Day 2023 comments were:

“We have designed our next drive unit, which uses a permanent magnet motor, to not use any rare earth materials at all……so we can make lower-cost products that are still efficient and compelling, and we can make them at scale.”

To be clear, it still needs still to be seen if Tesla can achieve this goal. We need to remember that the most powerful and efficient electric motors use the magnet rare earths NdPr. By having an efficient motor, you use less power and can therefore use a smaller battery for the same output, thereby reducing battery costs.

Furthermore, EV drivetrains (essentially the motors) are just one part of the global total demand picture for Neodymium Iron Boron (“NdFeB”) magnets, representing 21% of rare earths demand in 2022. Other key demand drivers for NdFeB magnets include wind turbine motors, electrical appliances (PCs, smartphones, etc), and various other electric motor uses.

What this all means is that while EVs are an important driver of NdPr demand, they are by no means the only driver. Also, for now, NdFeB magnets remain the preferable option for use in most EVs, especially those sold into western markets where quality matters.

Tesla boasted at Tesla Battery Day in 2020 that they would start producing lithium from clay using only salt. Of course, this has never happened. Perhaps that was a ploy to get lithium prices lower while Tesla continued to secure supply. One can question Tesla’s motives regarding rare earths, only time will tell.

Closing remarks

The current dip in sentiment in the magnet rare earths space caused mostly by the Tesla news but also by a Q1/2023 China EV sales slowdown, should only be a temporary blip along the way for what still looks like a very strong decade for the magnet rare earths.

Companies such as American Rare Earths that can progress large-scale quality projects in the USA should do very well.

American Rare Earths trades on a market cap of A$93 million.

ARR is definitely worth a second look after the recent great resource announcement at Halleck Creek and the potential for Halleck Creek to become the largest North American rare earths deposit and a world-class deposit.

In this InvestorIntel interview, Jack Lifton talks to American Rare Earths Limited’s (ASX: ARR | OTCQB: ARRNF) President North America Melissa ‘Mel’ Sanderson about it portfolio of rare earths assets in the United States, including Arizona, Nevada, and Wyoming, and the fact that it is well funded with $15 million in the bank. Providing an update on their scandium-rich La Paz rare earths deposit in Arizona, Mel also discusses American Rare Earths’ recent high-grade assay results from the Halleck Creek Rare Earths project in Wyoming.

Speaking about the exceptionally low uranium and thorium content at both of their projects, Mel goes on to discuss American Rare Earths’ US Government funded R&D partnerships including with the Lawrence Livermore National Laboratory, Ames National Laboratory, Arizona State, and Penn State University. As the only rare earths junior explorer focused on biomining, Mel explains how American Rare Earths is helping in developing “cleaner, greener processing and separation technologies for rare Earths.”

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About American Rare Earths Limited

One of the only ASX-listed companies with exposure to the rapidly expanding US market, American Rare Earths is developing its 100% owned magnet metals projects, La Paz in Arizona, and Halleck Creek in Wyoming. Both have the potential to be among the largest, rare earths deposits in North America. The company is concurrently evaluating other exploration opportunities while collaborating with US Government supported R&D to develop a sustainable domestic supply chain for the renewable future.

To know more about American Rare Earths Limited, click here

Disclaimer: American Rare Earths Limited is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].

Last week I wrote an article about a rare earths explorer that had just announced a new President, was awaiting results from a drilling program and was anticipating a resource estimate by the end of Q1. To quote the Bard of Baseball, Yogi Berra, “It’s like Déjà vu all over again”. It is seemingly an unlikely circumstance that two rare earth exploration companies would have this same trio of circumstances at virtually the same time, but that’s what makes life so interesting. Sometimes truth is stranger than fiction.

Today we look at Australian based American Rare Earths Limited (ASX: ARR | OTCQB: ARRNF) who also happens to have a lot going on at the moment. American Rare Earths is emerging as an alternative international supply chain to China’s market dominance of a global rare earth market. The Company’s mission is to supply Critical Materials for Renewable Energy, Green Tech, Electric Vehicles, National Security, and a Carbon-Reduced Future. American Rare Earths is one of the few listed companies with exposure to the rapidly expanding US market, developing its 100% owned magnet metals projects, Halleck Creek in Wyoming, and La Paz in Arizona. Both have potential to be among the largest rare earths deposits in North America.

The first comparable was when the Company announced last week it had appointed Melissa (Mel) Sanderson as the new President of North America. Followers of the InvestorIntel website may be thinking that name seems familiar, and you’d be correct. Another hat worn by Mel is as a Director for the Critical Minerals Institute, she is often asked to offer her expertise on InvestorIntel.com as one of the foremost ESG & Critical Minerals experts in the sector. But more importantly, Ms. Sanderson is an accomplished leader in mining and diplomacy, with a global career that has spanned 30-plus years. Mel brings to the role a wealth of industry expertise based on her time at global mining leader Freeport-McMoRan, in a corporate ESG role and as Vice President for Africa. The Company will additionally benefit from the fact that Mel is a Wyoming native, where its Halleck Creek Rare Earth Project is located in Platte and Albany Counties in southeast ranch country.

That is a great segue to the next similarity where American Rare Earths is awaiting the results of its recent 38 hole drilling program at Halleck Creek, with further details to be released in the coming weeks. Preliminary drill results indicate consistent rare earth mineralisation from surface to a depth of at least 150 m, a 50% increase on previous expectations and demonstrating rare earth mineralisation beyond the Company’s original expectations. Field rare earth observation samples from a handheld X-Ray Fluorescent (XRF) analyser show exceptional values for Rare Earth Oxides (REO) from surface to depth from the first 25 RC holes drilled.

Naturally, this leads to the final comparable, whereby American Rare Earths is working towards a maiden resource estimate at Halleck Creek by the end of the first quarter. The Company is now finalising the results from the drilling campaign and awaiting results from ALS laboratories. The Company remains on track to announce a significant maiden JORC (Australian equivalent of NI 43-101) resource in the first quarter of the 2023 calendar year. Although this could only be the start, as the deposit remains open laterally and at depth, suggesting the expansion potential of this project is immense.

That’s where the similarities end, for now, but there is one additional piece of information that was disclosed on Monday by American Rare Earths in their December 2022 Quarterly Activities Report, that I believe is quite important. That’s the mineralogy test results for Halleck Creek. The results could be a game changer for the Company as testing indicates the rare earth elements host material can be recovered using simple separation technology due to the ease of initial ore recovery. This suggests considerable reductions in operating and capital costs for production facilities could be achieved. As well, what also makes Halleck Creek unique is the extremely low thorium and uranium penalty elements so often associated with rare earth projects. This means less harmful chemicals during processing and not having to dispose of radioactive waste.

As a greater environmental focus gets put on the domestic mining of critical materials, it could be quite advantageous to be the one doing it in a greener and more environmentally friendly manner than your peers. I’m sure American Rare Earths is hoping their resource estimate provides the momentum to keep the Halleck Creek project moving towards production in the years to come. They appear to have the right quality, now they just need the quantity.

The rare earths sector has had plenty of good news in 2022 including the recently announced proposal by the European Commission (“EC”) for a European Raw Materials Act. A very telling comment in the announcement gives a big clue as to which critical materials hold the greatest concern. The EC stated: “Lithium and rare earths will soon be more important than oil and gas……Our demand for rare earths alone will increase fivefold by 2030.” The supply risk for key rare earths is a problem for all western countries. China dominates the rare earths supply chain (58% of mines, 85% of processing) and the production of powerful rare earth magnets used in EVs, wind turbines, and most military hardware that employ powerful magnets. The U.S has already started various initiatives to support the rare earths supply chain, including some funding from the Infrastructure Act. Last month the Biden administration announced $2.8 billion of grants for various critical materials and battery supply chain related projects in the USA.

So clearly the funds are now flowing and the race is on to develop both an EU and a U.S critical materials and battery supply chain. Given the rising global geopolitical tensions Europe and USA will now need to support the critical materials sector like never before – both funding and permitting.

Source: American Rare Earths company presentation

Today’s company is working as fast as they can to help create a U.S source of critical rare earths from their three USA rare earths projects.

American Rare Earths Limited (ASX: ARR | OTCQB: ARRNF) is focused on developing their 100% owned La Paz Scandium and Rare Earths Project in Arizona, USA. The Company’s other two projects are the Halleck Creek Project in Wyoming and the Searchlight Rare Earths Project in Nevada, USA.

American Rare Earths’ 3 USA rare earths projects currently being explored and developed

Source: American Rare Earths company presentation

La Paz Project update

The La Paz Project has high-value magnet rare earths (NdPr) as well as scandium with a 2021 JORC Resource of 170.6 million tonnes at an average grade of 469ppm Total Rare Earth Oxide (“TREO”) (contained ~80 million kgs TREO, plus 4.4 million kgs of Scandium Oxide (Sc2O3)). American Rare Earths Limited has recently completed the metallurgical test work at La Paz. The results were successful using the Watts & Fisher’s proprietary technology for the extraction of rare earth metals. According to the Company: “The technology shows good promise with further development, moving into piloting down the track. Rapid dissolution of rare earth values within 2 to 3 minutes at leaching temperatures above 225°C.” Next steps at La Paz include South-West Area resource expansion and then a PEA.

The Halleck Creek Project update

At the Halleck Creek Project, the Company continues their drilling campaign to define a significant JORC Resource. The Company stated recently: “The drilling commenced early October and is progressing well. It is anticipated the campaign, analysis and subsequent announcements relating to a maiden JORC resource will be completed in the first quarter of calendar year 2023.” In good news for shareholders, the Halleck Creek exploration target has been increased by 328%, boosted by the newly staked claim area Bluegrass which indicates consistent rare earth mineralisation. Beyond that, the next steps include metallurgy testing.

American Rare Earths has also recently stated they are evaluating even more potential rare earth opportunities in North America. Finally, in more good news the Company’s wholly-owned US subsidiary, Western Rare Earths (WRE), and a consortium of companies (Phinix, LLC and Virginia) were awarded US$500,000 in R&D funding. The consortium will use the funding to develop extraction and separation focused processing technology studies on rare earths ore. The project goal is to produce light, medium, and heavy rare earth oxide products of greater than 95% purity.

American Rare Earths Limited trades on a market cap of A$91 million. Exciting times ahead for this fast-moving company — they are a member of the Critical Minerals Institute.

In this InvestorIntel interview, host Tracy Weslosky is joined by American Rare Earths Limited (ASX: ARR | OTCQB: ARRNF) CEO & Managing Director Chris Gibbs, and President – North America Marty Weems, to talk about the company recent announcement that it has more tripled its JORC-compliant rare earths Exploration Target at its Halleck Creek project in Wyoming.

In the interview, which can also be viewed in full on the InvestorIntel YouTube channel (click here to access InvestorChannel.com), Chris tells Tracy that “in completing the maiden drill campaign we came out with a significant upgrade to the Exploration Target. It’s 328 percent more than the previous Exploration Target and it’s a whopping around 1.1 billion tons of mineralized rock at this actual deposit.”

Marty Weems also talks about American Rare Earths’ close relationship with innovation hubs at the US Department of Energy and the EERE. “The research community has a real keen interest in our feed stock because of the low thorium content,” he tells Tracy. “There’s hundreds and hundreds of millions of dollars being poured into changing the technology of this supply chain and making it greener, cleaner, and more sustainable. That funding is coming from DOE as well as the Department of Defense programs like the DARPA EMBER [Environmental Microbes as a BioEngineering Resource] program which we’re also part of.”

Chris Gibbs also tells Tracy that its Halleck Creek project is still open at depth and open laterally. “We’re super excited with this project and look we can’t wait to get drills on the ground.”

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In this InvestorIntel interview with host Tracy Weslosky, American Rare Earths Limited’s (ASX: ARR | OTCQB: ARRNF) President – North America, Marty Weems talks about continuing positive news coming out of its Halleck Creek rare earths project, and how the company plans an updated JORC-compliant exploration target “to give the market an idea of what we mean when we say this project has the potential to be the largest rare earth JORC resource and development in the USA.”

In the interview, which can also be viewed in full on the InvestorIntel YouTube channel (click here to access InvestorChannel.com), Marty tells Tracy that with recent drill results “the grades appear very consistent to depths of exceeding 100 meters, so we’re not talking about a few little high-grade veins of rare earths. We’re talking exceptional thickness,” he says. He goes on to say that “it’s exposed at surface and really consistent to depths exceeding 100 meters, so the majority of the drill holes average over 4,100 parts per million total rare earth content – rare earth oxides – over more than 90 meters of mineralized thickness in average across those holes, so the project remains open at depth and laterally and that’s especially exciting considering we now have over 24 square kilometers of claim control at Halleck Creek.”

Marty tells Tracy that in addition to last week’s reported assay results, American Rare Earths was named the sole industry member of a consortium led by Lawrence Livermore National Laboratory (LLNL) that has been awarded up to $13 million in research funding to develop scalable, bio-based separation and purification of rare earths elements.

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