American Rare Earths Ltd
Other OTCCapital Structure
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in mil. unless spec.Company Description
- CEO
- Mark Wall
- Full Time Employees
- 6
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 89 York Street Sydney NSW Australia 2000
- IPO Date
- Apr 16, 2018
- Website
- americanrareearths.com.au
- Similar Companies
- Business
- American Rare Earths Limited (ASX: ARR; OTCQX: ARRNF) explores and develops rare earth element deposits in the United States, focusing on supplying critical minerals for renewable energy, electric vehicles, defense, national security, and green technologies; its core assets include the flagship Halleck Creek project in Wyoming, a large-scale ionic adsorption clay deposit with a JORC-compliant resource of 2.63 billion tonnes at 3,292 ppm total rare earth oxides, supporting open-pit mining, onsite processing, and separation of magnet rare earths such as neodymium and praseodymium; the 100%-owned La Paz project in Arizona, a bulk tonnage deposit with low thorium and uranium; and early-stage Beaver Creek and Searchlight properties in Nevada. Through its wholly owned U.S. subsidiary Wyoming Rare (USA) Inc., the company controls 367 unpatented lode mining claims and four Wyoming state mineral leases covering over 3,304 hectares at Halleck Creek, located 70 kilometers northeast of Laramie, and 2,779 hectares at La Paz, 170 kilometers northwest of Phoenix; it targets domestic supply chain independence with environmentally friendly, low-cost extraction methods, collaborating with U.S. government-supported R&D for advanced processing techniques. Founded in 2019 and headquartered in Sydney, Australia, the company operates primarily in Wyoming and Arizona, serving markets in defense, electronics, and high-tech manufacturing. Recent developments include a A$15 million placement at A$0.32 per share, A$5.784 million from option exercises, and A$1 million promissory note repayment in 2025; a non-binding US$456 million letter of interest from the U.S. Export-Import Bank for Halleck Creek project financing; A$10.7 million in non-dilutive grant funding from the State of Wyoming; engagement of BMO Capital Markets for strategic partnerships; large-scale optimization testing of mineral processing routes with over 3,000 tonnes bulk sampling from Cowboy State Mine; and targeting a pre-feasibility study in 2026 alongside a beneficiation demonstration plant, following 2024's updated scoping study confirming scalability and first production potential by 2029.
Company News
American Rare Earths' Letter to Shareholders
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American Rare Earths Signs MoU with Novex to Advance U.S. Oxide-To-Metal Production
American Rare Earths signs Novex MoU to advance US mine-to-magnet supply chain
American Rare Earths advances Halleck Creek feasibility and pilot plant plans in pivotal June quarter
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American Rare Earths Appoints Andrew Conover as Chief Development Officer
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American Rare Earths (ARE) to Appoint Veteran Miner Matthew Gili as Non-Executive Director
American Rare Earths strengthens board with veteran Wyoming mine builder ahead of planned Nasdaq listing
Rathbones cut to 1,950p on regulatory headwind; 'outperform' intact on valuation
American Rare Earths Provides Exploration Update and Outlines 2026-2027 Field Programs Across U.S. Project Portfolio
American Rare Earths Provides Exploration Update and Outlines 2026-2027 Field Programs Across U.S. Project Portfolio
American Rare Earths advances Halleck Creek as 2026 drilling campaign gains momentum
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