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.

In a recent InvestorNews interview, Tracy Weslosky sat down with American Rare Earths Limited‘s (ASX: ARR | OTCQB: ARRNF) CEO Donald Swartz to discuss the recent drilling results from their Halleck Creek Project in Wyoming, USA. Discussing the potential for a much larger, higher-grade rare earths resource, Donald explains how Halleck Creek signifies the largest rare earths opportunity in the USA.

With a 1.43 billion tonne JORC Resource at Halleck Creek, Donald says that recent assay results with over 5,000 ppm Total Rare Earth Oxides (TREO) far exceeds the previous average of 3,300 ppm TREO, affirming the project’s vast potential.

Donald goes on to say that American Rare Earths is focused on key magnet rare earth elements such as neodymium and praseodymium which constitute approximately 20% of the project’s TREO content.

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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.

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.

It has become somewhat of a truism that critical minerals such as rare earths are key building blocks for renewable energy, green tech, and electric vehicle applications. And with both governments and corporations understanding the importance of diversifying the supply of these critical minerals to include domestic sources, once again American Rare Earths Limited (ASX: ARR | OTCQB: ARRNF) is in the news with its announcement of the upgrading of its exploration target at Halleck Creek.

On September 1st, American Rare Earths announced a 328% increase to its JORC-compliant Exploration Target outlining between 1.01 and 1.27 billion tonnes of rare earth element (REE) mineralization with projected TREO (Total Rare Earth Oxides) grades ranging between 2,245 ppm and 2,807 ppm based on surface sampling and drilling data. This more than triples the previously reported exploration target at Halleck Creek of between 308 to 385 million tonnes of REE mineralization.

The release also reported the potential grade ranges at Halleck Creek, indicating that between 2.8 and 3.56 million in situ tonnes of TREO might exist at Halleck Creek. There are also estimated between 692,000 and 865,000 tonnes of total Magnetic Rare Earth Oxides (MREO) and from 641,000 to 801,000 tonnes of Neodymium and Praseodymium (NdPr) in situ tonnes at the project.

The technical team at American Rare Earths have developed conceptual volumetric models to estimate the volumes of REEs in various zones of the Halleck Creek project. Their team used surface sample data points as guidelines for the exportation target extents.

This news confirms the potential of the project to become one of the largest rare earth projects in the United States, and one of the very few to exceed one billion tonnes worldwide. In releasing the target Managing Director/CEO Chris Gibbs observed that the “Halleck Creek project is shaping up to become a world class asset.”

The company’s drilling campaign at Halleck Creek is getting closer to completion in the short-term, and the data collected from this drilling will be used to prepare detailed geological models of the area. Additionally, they are beginning metallurgy test work on Halleck Creek ore by Wood & Nagrom, that are based in Western Australia. These models and tests will give further underpinning for the exploration target upon the Halleck Creek project.

American Rare Earths is planning to release the results of its first JORC resource at Halleck Creek in the first quarter of 2023, which should give a better idea of the actual exploration target. It is worth reminding investors that ARR already has a sizeable rare earths and scandium (Sc) resource on its La Paz Project in Arizona.

One should note that American Rare Earths is financially well-positioned with a recent successful placement under its belt allowing it to move quickly in advancing this project in the mining-friendly jurisdiction of Wyoming. A most timely move, having acquired the Halleck Creek Rare Earths property in the first half of 2021. Of course, no one will know for sure how much of a contribution that Halleck Creek will make to regaining US independence in rare earth supplies until mining is underway. However, the groundwork is being laid for American Rare Earths to become a major player in the critical minerals sector in the near and foreseeable future.

Commodities these days can be a bit of a fickle investment. They are definitely in demand for numerous reasons, including the world’s move towards a lower carbon future. Putin’s attack of Ukraine has placed further emphasis on security of supply, overall supply chains and the politics of commodities. However, we can’t seem to align all the interested parties into coming up with a cohesive game plan to maximize the production of critical commodities, while optimizing their environmental and social impact.

What do I mean by this? In late February the White House ordered action across the US Federal Government to secure reliable and sustainable supplies of critical minerals and materials just before the first anniversary of Executive Order (EO) 14017, America’s Supply Chains. However, a year after detailed reports of vulnerabilities in the critical mineral and material supply chains were produced by US federal agencies, detailing the over-reliance of the U.S. on foreign sources and adversarial nations for critical minerals and materials, posing national and economic security threats, the U.S. government isn’t exactly walking the walk. In the last year, we’ve seen Rio Tinto’s (NYSE: RIO) Resolution copper project in Arizona and Antofagasta’s (LSE: ANTO) Twin Metals project (copper/nickel) in Minnesota both get the red light from the Biden Administration. It has also taken steps to slow down development of a lithium mine in Nevada from ioneer Ltd. (ASX: INR) to help preserve a rare flower. You could also include Northern Dynasty Minerals Ltd.’s (TSX: NDM | NYSE American: NAK) Pebble mine in Alaska in this list because there is a lot of copper as part of the resource, but to me, it’s more of a gold mine so not necessarily critical.

I’m not saying that these actions to delay or cancel projects aren’t justified for environmental and social reasons. I’m simply pointing out that it’s easier said than done. Investors can’t simply pick all the companies pursuing critical minerals in the U.S. and think it’s going to be a slam dunk. Certainly, there is a renewed focus on addressing the critical minerals and materials supply chain, but it likely won’t come at the expense of the neighbors of these projects. That’s why one has to look a little deeper at any potential investments to ensure the project has a chance to see the light of day. You can’t just have a viable, economic resource, you need to tick a lot more boxes.

That’s my long-winded intro to an Australian listed company with assets in the growing rare earths sector of the United States, looking to help the U.S. diversify away from China’s market dominance of the global rare earth market. American Rare Earths Limited’s (ASX: ARR | OTCQB: ARRNF) mission is to supply critical materials for renewable energy, green tech, EVs, National Security, and a Carbon-Reduced Future. The Company owns 100% of the world-class La Paz Rare-Earth Project, located 200 km northwest of Phoenix, Arizona and the Halleck Creek rare earth project in Wyoming, USA. La Paz is a large tonnage, bulk deposit, that is potentially the largest rare earth deposit in the USA and benefits from containing exceptionally low penalty elements such as radioactive thorium and uranium. The Company is currently drilling in the new Southwest Zone of the project where an exploration target of approximately 742 – 928 million tonnes could be added to the 170.6 million tonne JORC compliant (Australian equivalent of NI 43-101) resource.

The size and the grades at La Paz are impressive, as well as close to surface, but remember it’s not just about an economic resource. The reason I think American Rare Earths should be on an investor’s watchlist, if you have any interest in the rare earths space, is their attention to politics. On March 4^th the Company announced it had welcomed a delegation of elected officials from all levels of government to its flagship La Paz project. Key members of the group of 25 federal, state and county officials and staff delivered enthusiastic and encouraging speeches about American Rare Earths and its work underway to help secure the United States’ domestic critical minerals supply chain. Additionally, Company executive Marty Weems will speak to several dozen State Legislators about La Paz at an event held in collaboration with the Arizona Mining Association. That’s the type of proactive effort required to get your project to the finish line in the world of today.

From a macro perspective, there are significant tailwinds for domestic rare earths production from both a market pull and a government push. Additionally, there are several near-term catalysts for American Rare Earths with an on-going drill program at both properties and applications have been filed for 36 additional drill sites at La Paz. The Company is well funded, finishing 2021 with over A$8 million plus having raised another A$1.4 million in the first two months of 2022. With a market cap of roughly A$161 million (US$ 117 million) it’s not your typical junior mining stock, but then again, your typical junior mining stock isn’t sitting on potentially the largest rare earth deposit in the USA.