American Rare Earths (ASX: ARR | ADRs- OTCQX: AMRRY | Common Shares- OTCQB: ARRNF), a leading player in the exploration and development of rare earth elements, is excited to share a comprehensive update on its Halleck Creek project, situated in Albany County, Wyoming. This project is recognized as one of the largest deposits of rare earths in North America, marking a significant step forward in the company's ambitious growth strategy.
In a move to accelerate the project's development, ARR has successfully filed a License to Explore for Minerals By Dozing with the Wyoming Department of Environmental Quality. This application is a critical step towards initiating test mining operations, as it seeks approval for two test pits at the Cowboy State Mine site. The test mining is aimed at securing the necessary ore volumes for processing at a pilot facility, setting the stage for the future scaling of an operable mine and processing unit at Halleck Creek.
Further bolstering its exploration efforts, ARR has also submitted a revised drilling notice for Halleck Creek. This submission outlines the company's plan to drill additional core and reverse circulation holes, enhancing the project's exploration capacity and ensuring a thorough understanding of the deposit's potential.
In collaboration with Sepro systems, ARR has embarked on advanced analytical metallurgical test work, utilizing Halleck Creek core material. This includes separation testwork employing spiral separators and Falcon concentrators, leveraging the promising results from previous gravity separation studies conducted by the University of Kentucky. The company is in the final stages of planning for high pressure grinding rolls and detailed spiral and concentrator testwork, with execution expected to follow the release of the scoping study.
The Halleck Creek project continues to advance on schedule, with the scoping study anticipated to be released in March 2024. This study is expected to provide valuable insights into the project's economic potential and operational roadmap, marking a significant milestone in ARR's journey towards establishing a leading position in the rare earth sector.
CEO, Donald Swartz says:
“As this management team has demonstrated since its arrival last year, we have no intention to rest on one’s laurels. I’m looking forward to meeting with investors at PDAC in Toronto, the Battery Venture/Innovations/Partnering conference in Orlando, FL followed by meetings with investors in Australia to conclude Q1 2024. 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 to build the next major rare earth company and to play a key role securing supply for the United States.”
About us:
American Rare Earths (ASX: ARR | ADRs - OTCQX: AMRRY | Common Shares - OTCQB: ARRNF) owns the Halleck Creek, WY and La Paz, AZ rare earth deposits. The Company’s flagship project at Halleck Creek, WY, has 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.
Contact details:
Jane Morgan
jm@janemorganmanagement.com.au
