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You wouldn’t believe that they found the mother load the way it’s trading unless the company is diluting imo
American Rare Earths shares assay results expanding Rare Earths at Halleck Creek in Wyoming
Wed, Apr 10, 2024
American Rare Earths Limited CEO Donald Swartz joined Steve Darling from Proactive to share significant news regarding assay results from a recent mapping and sampling program conducted in the Cowboy State Mine area. These results provide valuable insights that will enable the company to target higher-grade areas contiguous to the mining area identified in the recently published scoping study. Swartz emphasized that these findings complement the updated JORC resource estimate of 2.34 billion tonnes and demonstrate consistently enriched mineralization at Halleck Creek.
https://finance.yahoo.com/news/american-rare-earths-assay-results-123300400.html
American Rare Earths unveils promising Halleck Creek scoping study
Wed, Mar 20, 2024
Melbourne, Victoria --News Direct-- American Rare Earths Ltd
American Rare Earths Ltd (ASX:ARR) CEO Donald Swartz sits down with Proactive’s Jonathan Jackson to highlight the positive outcomes of a scoping study for the Halleck Creek Project in Wyoming, USA. The study confirms the project's viability as a low-cost, scalable and world-class rare earth element (REE) venture, showcasing strong economic potential and a solid foundation for future development.
The independent analysis by Stantec Consulting Services Inc revealed a net present value (NPV) of US$673.9 million at an 8% discount rate and US$505.1 million at a 10% discount rate (pre-tax), with an internal rate of return (IRR) of 22.5%. The project's payback period is estimated at 2.9 years, with a life of mine (LOM) average cost of US$38.38 per kilogram for neodymium-praseodymium (NdPr) equivalent, significantly lower than current global averages.
With a proposed initial mining rate of 3 million tonnes per annum (Mtpa), the Halleck Creek Project is positioned for a scalable expansion, underpinned by a resource base of 540 million tonnes, suggesting a mine life of 180 years at 3 Mtpa. This scalability and the project's strategic design aim to reduce Western dependency on Chinese rare earth supplies, marking a significant step towards diversifying global REE sources.
American Rare Earth announces update to Mineral Resource Estimate at Halleck Creek in Wyoming
Mon, Feb 12, 2024
JUNE 12, 2023~A new discovery could lead to a mining resurgence in the West~
https://www.boisestatepublicradio.org/show/idaho-matters/2023-06-12/rare-earth-mineral-mining-in-the-west
THIS DEPOSIT IS WORLD CLASS & about 7 -10 YEARS out! KEEP this on your watch list!
Chico
1.43 BILLION TONNES ~HUGE! LARGEST U.S. Rare EARTH RESOURCE POTENTIAL June 2, 2023 ~American Rare Earths Reports Positive Metallurgical Test Results~
https://www.investorsobserver.com/news/qm-pr/7786960789984847
PHOENIX, June 02, 2023 (GLOBE NEWSWIRE) -- American Rare Earths ( ASX: ARR | OTCQB: ARRNF | FSE:1BHA ) ( ARR or the Company ) is pleased to report on the latest in a series of metallurgical tests on ore from its Halleck Creek project in Wyoming. With a JORC Resource of 1.43 billion tonnes the Halleck Creek project is potentially the largest rare earth project in the United States. The metallurgy test work continues to pave the way for low-cost processing using conventional technology.
Highlights
The latest test work supports previous results showing a simple process flow sheet to produce a rare earth concentrate and maximize the recovery of magnet metals Neodymium and Praseodymium (NdPr).
Bulk rougher/scavenger (primary) Wet High Intensity Magnetic Separation (WHIMS) produced 72% recovery and rejected 77% of feed mass, an upgrade ratio of 3.1.
Further testing will commence in the coming weeks to generate the final concentrate for refinery testing.
Current internal studies focus on annualized ore processing rates of 10, 15 and 20 million tonnes per annum feed rate to the concentrator to establish optimal project economics.
This equates to a modelled 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 (MREC) as a saleable product to be processed within the USA.
Recent tests rejected a highly encouraging 77% of waste material in the early processing stages prior to the flotation circuit, demonstrating potential opportunities to reduce the project's operating and capital costs. This is a 5% improvement from preliminary test work results announced in December 2022. These promising results are further enhanced by the low levels of penalty elements thorium and uranium, which remain well below regulatory standards.
CEO and Managing Director, Mr. Chris Gibbs, commented:
“Rare earth projects typically have complex metallurgy. Under the technical leadership of Wood PLC, these outstanding test results provide confidence for a simple process flow sheet. Halleck Creek ore continues to pass all the key tests from a processing perspective: good recovery using conventional processing methods, low radioactive penalty elements and the ability to produce a mixed rare earth concentrate product.”
“In short, Halleck Creek has the right rare earths (NdPr) and low penalty elements. This means a valuable product, simple metallurgy, and lower costs. Most importantly, the project is in the heart of the USA, the largest economy in the world.”
“As an exploration company I’m also excited to advance our exploration activities at Halleck Creek. to support the economic and feasibility studies currently underway.”
“With less than 25% of the area drilled, the deposit remains open at depth and with significant upside potential. To further enhance the project economics, we are keen to test the depth of the deposit, seek to upgrade resources and explore potential higher-grade zones within the project footprint.”
This market announcement has been authorized for release to the market by the Board of American Rare Earths Limited.
Mr. Chris Gibbs
CEO & Managing Director
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02649178-2A1440486?access_token=83ff96335c2d45a094df02a206a39ff4
Recent presentation at Virtual Investors Conference:
https://app.sharelinktechnologies.com/announcement/asx/f4bd8a3b645bf20b7679c30b3e6ac097
MARCH 20, 2023- Mel Sanderson of American Rare Earths Discusses Two US Rare Earths Projects Accelerating Forward
https://investorintel.com/critical-minerals-rare-earths/mel-sanderson-of-american-rare-earths-discusses-two-us-rare-earths-projects-accelerating-forward/#:~:text=March%2020%2C%202023%20Critical%20Metals%20PLC%3A%20Exercise%20of,10%20square%20kilometres%20to%20depths%20of%20150%20metres
In this InvestorIntel interview during PDAC 2023, Byron W King talks with American Rare Earths Limited’s (ASX: ARR | OTCQB: ARRNF) President of North America Melissa ‘Mel’ Sanderson about developing two large rare earth deposits in North America. Discussing how key magnetic rare earths such as neodymium and praseodymium comprise 27% of the deposit at their Halleck Creek Rare Earths project in Wyoming, Mel provides an update on their recent high-grade assay results from the project, with a NI 43-101 resource planned to be released by the end of March or early April and a PEA by the end of the year.
Mel goes on to discuss the upside potential at American Rare Earths’ scandium-rich La Paz rare earths deposit in Arizona where they already have a 170.6 million tonnes JORC compliant resource and are planning to grow the resource through additional drilling. Providing an update on their US Government funded R&D partnerships with the Lawrence Livermore National Laboratory and other university research partners, Mel discusses how American Rare Earths is leading the way to cleaner, greener processing and separation technologies for rare earths.
To access the full InvestorIntel interview, click here.
ARRNF's HALLECK CREEK Wyoming Mine could be continent's largest, rare earths developer says
https://trib.com/news/state-and-regional/fledgling-wyoming-mine-could-be-continents-largest-rare-earths-developer-says/article_33a398da-c4fc-11ed-86ab-8f0bf2ae9a84.html
The company digging for critical minerals in southeastern Wyoming is becoming more and more confident that it’s found the biggest known deposit of rare earth elements in North America.
American Rare Earths’ mining claims, north of Laramie, started out promising. Since the Australian developer started drilling last year to figure out just how far the rare earths extended, the scope of its find has ballooned.
Its latest round of drilling — further exploration of a fraction of the deposit — revealed that the most in-demand of the 17 rare earth elements are prevalent across an area of roughly four square miles and to depths of nearly 500 feet, the company announced Friday. The findings provide “quantifiable and verifiable evidence that what we have suspected is true,” said Mel Sanderson, American Rare Earths’ president of North America.
“We’re excited, not just because of the size, but because other key variables are falling into place. … We are going to be able to consistently recover high-quality material as deep down as we go,” Sanderson said.
And, she noted, geologists working on the drilling campaign suspect parts of the deposit descend even deeper. Maybe even twice as far.
Rare earths are ubiquitous. They’re common in the Earth’s crust, and in the array of technologies humans rely on every day. What’s unusual is finding a deposit that’s big enough, and concentrated enough, to mine.
(Ranie Lynds of the Wyoming State Geological Survey said in an email to the Star-Tribune that the agency is aware of elevated levels of some rare earths in the area, but that it has “no independent way of confirming” the company’s announcement.)
American Rare Earths believes that when it comes to jobs, property taxes and sales taxes (though not severance taxes or royalties — at least for the time being), its project could “potentially step into the void that is being left by the decline of some of our big coal industry producers,” Sanderson said.
“It excites me for Wyoming on a lot of levels,” she said. “On the entire state level, keeping our positioning in terms of an important energy supplier, but also creating jobs that will keep folks well-employed and keep them at home.”
Initially, American Rare Earths figured a mine at its Halleck Creek site might be able to stay open for 20 or 25 years. Now it’s looking at double that — based, Sanderson said, on what the company has been able to confirm so far. Meaning there’s still a possibility that the lifetime of the potential mine could stretch even longer.
Commercial operations, though, are still a long way off. The company hopes to initiate the permitting process next year. According to Sanderson, under existing laws and regulations, the earliest it could start mining would be in 2029 or 2030, assuming everything goes smoothly along the way.
American Rare Earths also aims to open a processing plant for its ore somewhere in Wyoming. Ideally, Sanderson said, that plant will involve brand-new, less environmentally damaging methods that are still being developed (and kept largely under wraps) by researchers.
And the company will continue studying the extent of the deposit, and refining its vision for the future of the mine, along the way. It’s more optimistic than ever about what it’ll find.
“All mining is a gamble,” Sanderson said. “You have to keep putting money in and keep having faith that your guesses are right. And to reach the point where we have this substantiation that our guesses have been right — it’s hard to describe how huge that is and how exciting it is.”
Melissa Sanderson of American Rare Earths Provides an Update on its Projects in Arizona and Wyoming
https://investorintel.com/critical-minerals-rare-earths/mel-sanderson-of-american-rare-earths-provides-an-update-on-its-projects-in-arizona-and-wyoming/
InvestorIntel
March 10, 2023
I
n 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.
American Rare Earths (ASX:ARR) discovers potential new rare earth deposit, Wyoming
https://themarketherald.com.au/american-rare-earths-asxarr-discovers-potential-new-rare-earth-deposit-wyoming-2023-01-31/
https://cdn.jwplayer.com/previews/AinRva6A
American Rare Earths (ARR) discovers a potential new rare earth deposit in the Halleck Creek Earth District in Wyoming
The company has staked 118 new mining claims at the new County Line prospect, which covers the new rare earth mineralisation
The new zone will expand the company’s total claims in the region by 26 per cent
ARR plans to complete geological mapping and surface sampling across the Country Line, Trail Creek and Sommers Flat areas over the next few months
Shares in American Rare Earths are up 2 per cent to 25.5 cents at 11:47 am AEDT
American Rare Earths (ARR) has discovered a potential new rare earth deposit, adding to the growing Halleck Creek Earth District in Wyoming.
The company has filed 118 unpatented federal lode mining claims at the new County Line prospect area, which covers the new rare earth mineralisation.
It will add around 2113 acres to the expanding district, bringing the total area controlled to 8165 acres.
The new zone will expand the company’s total claims in the region by 26 per cent, and it’s 147 per cent larger than the current 1.01-to-1.27 billion exploration target announced on September 1, 2022.
American Rare Earths President of North America operations Melissa Sanderson said it was a significant discovery not only for the company but also the State of Wyoming and the nation.
“This is a key strategic project for our country and could help fulfil most of the future demand for these highly valuable magnetic rare earth materials, which are so important for national security and ensuring 100 per cent of the supply chain remains within the United States,” she said.
The County Line prospect adds to a growing portfolio of rare earth prospects within the region. Since acquiring the District in 2021, the company now has seven project areas across Halleck Creek.
Ms Sanderson also said the district was environmentally friendly.
“What also makes Halleck Creek unique is the extremely low thorium and uranium penalty elements so often associated with rare earth projects,” she added.
“This means less harmful chemicals during processing and not having to dispose of radioactive waste.”
“As we seek to decarbonise the planet, we need rare earths for our future energy needs, electric vehicles, wind turbines and everyday living.
American Rare Earths has now shifted its focus towards exploration efforts which are planned for early spring when the snow clears.
The company’s immediate focus is to establish a significant JORC resource over drilling at the Overton and Red Mountain areas. ARR geologists plan to begin wide geological mapping and surface sampling across the County Line area, the Trail Creek area, and the Sommers Flat areas during the end of Q1 and early Q2.
ARR said the mapping and sampling will provide the direction for the long-term development of the Halleck Creek Rare Earths district.
Shares in American Rare Earths were up 2 per cent to 25.5 cents at 11:47 am AEDT.
HUGE - American Rare Earths Appoints Melissa Sanderson as President of North America
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3206-otcmkts/arrnf/134979-american-rare-earths-appoints-melissa-sanderson-as-president-of-north-america.html
PHOENIX, Jan. 24, 2023 (GLOBE NEWSWIRE) -- American Rare Earths, Limited (ASX: ARR, OTCQB: ARRNF, FSE: 1BHA) (the “Company”), an Australian company listed on the ASX and cross-listed in the US and Germany, with assets in the growing rare earth metals sector, is pleased to announce Melissa (Mel) Sanderson is the new President of North America.
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. She is the recipient of numerous awards, including the U.S. State Department Superior Honor Award and the Women in Mining UK 2022 top “100 Global Inspirational Women in Mining”.
Mel serves on several boards, including American Rare Earths Limited, Advance Metals Limited, the Phoenix Committee on Foreign Relations and Chairs the Arizona District Export Council. Sanderson will report to Chris Gibbs, Managing Director, as well as remain on the ARR Board as an executive director.
Chairman Creagh O’Connor comments: “Mel is an outstanding leader and brings a wealth of experience to the role as head of our North American business headquartered in Phoenix, AZ. I could not be more excited and pleased to have Mel take on this appointment.”
Under the leadership of Marty Weems, the company established significant partnerships with various Research Organizations and the Departments of Energy and Defense. Mel is very well positioned to continue these relationships as she is well versed in working with US government agencies having served as a senior diplomat in the US State Department.
The Company will additionally benefit from the fact that Mel is a Wyoming native, where ARR has a significant asset at its Halleck Creek Rare Earth Project located in Platte and Albany Counties in southeast ranch country. The Southern end of the Laramie Range is home to a massive geologic pluton rare earth deposit, estimated to have over one billion tonnes of ore, potentially making it the biggest such project in the US with few global deposits rivaling such immense size and scope.
Mel takes on her new role following the departure of Marty Weems who has accepted a role with a company outside the rare earth industry. “Although we are disappointed to lose Marty, we would like to thank him for his extraordinary service to American Rare Earths and wish him the best in the future.
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Australian explorer focused on cementing itself as a key player in the development of critical high value scandium and rare earths in mining friendly Arizona in the US.
American Rare Earths Limited (ARR) made its mark as the only ASX-listed company with exposure to the US rare earths market following its acquisition of the La Paz Scandium and Rare Earths Project in August 2019. The project, which has the potential to be the largest rare earth project in North America, contains an existing NI 43-101 resource.
The company is focused on building scale to meet critical US demand, and in August 2020 expanded its portfolio to include the Laramie Rare Earths Project in Wyoming.
ARR has an investment in Cobalt Blue Holdings’ (ASX:COB). The Company continues to hold rights to a Net Smelter Return (NSR) royalty of 2% on all cobalt production from the Thackaringa Project which was sold to Cobalt Blue Holdings Limited in February 2020. In addition, holding a A$3M Promissory Note (PN).
The La Paz Rare Earths + Scandium Project was founded in August 2019 with the initial US claims purchase in La Paz County, Arizona, approximately 105 miles northwest of Phoenix and 16 miles northeast of Bouse. The road transects the claims into southwestern and northeastern portions. With a contiguous footprint of over 218 federal lode mining claims over approximately 4,503 acres plus an Arizona state exploration permit for 640 acres, the increasing energy surrounding the La Paz Rare Earths Project has resulted in an assemblage that has the potential to be the largest rare earths project in North America. The full 5,143 +/- acres and considerable surrounding area lies fully in the Opportunity Zone and New Market Tax Credit Zone of Census Tract ID: 04012020100.
In addition to the vast area of claim control held in this Project, it is bolstered by excellent local infrastructure, including electricity, water, and gas lines all within 11km of its western boundary. Additionally, this project has the local asset of a skilled local workforce that is supported by a state of Arizona training mine and workforce development incentives. The location is in a non-conflict jurisdiction, earning a top 10 rank of 83 global mining jurisdictions by the Fraser Institute. Furthermore, the vast network of transport routes optimizes production and distribution channels, and provides an additional sense of safety and security to the local community. Located within the structural domain known as the Harcuvar metamorphic core complex within the Basin and Range Province, the La Paz area is also known for favorable weather conditions that allow for year-round mining and exploration.
By leveraging Arizona’s history of being mining-friendly, our various stakeholders have a vested interest in preserving the area with responsible mining requirements that can meet the growing needs for rare earths as well as maintain respect for the land. Unearthing penalty elements that have plagued rare earths projects globally, such as radioactive thorium and uranium, is also kept at a minimum. The radioactive content per ton of raw ore is 30X higher in a typical rare earths project.
Western Rare Earths (WRE), the wholly-owned subsidiary of Australian traded American Rare Earths Limited (ASX: ARR; OTCQB:ARRNF), is an exploration company established to acquire and develop the advanced La Paz Rare Earths and Scandium Project in Arizona, the Halleck Creek Rare Earths Project in Wyoming, and the Searchlight Heavy Rare Earths Project in Nevada. Additional Critical Minerals opportunities may be added to the platform.
WRE is focused on alleviating a supply deficit hindering the rapid growth of electric vehicles (EVs), the renewable energy revolution, and high-tech defense industries. While taking advantage of government push in the US, the EU, East Asia, and India, WRE will benefit from the pulling market trends of double-digit compound annual growth rates (CAGRs) for EV motors and wind turbines. WRE is in position to be the leader in planning and executing carbon-negative, environmentally responsible mining projects by leveraging world-class technical teams and experienced diverse leadership. We are collaborating with leading universities and national laboratories on research to develop disruptive sustainable biotech processing systems for Critical Minerals. With our La Paz Rare Earths Project location, WRE is on-shoring high-paying jobs to an Opportunity Zone location that is also eligible for New Markets Tax Credits (NMTC).
WRE is supplying feedstocks to researchers who are seeking funding from DARPA’s new Rare Earths bioengineering research program.
American Rare Earth’s wholly-owned US subsidiary Western Rare Earths (WRE) is supplying feedstock to researchers seeking funding from the US Defense Advanced Research Projects Agency’s (DARPA) new Rare Earth Elements (REE) bioengineering research program.
ARR plans to drill eight diamond holes across the new La Paz Southwest Project are in the US state of Arizona in a bid to firm up a conceptual exploration target of 742-928 million tonnes.
https://www.youtube.com/watch?v=DDa1qMJN2Xg&list=PLnk_WM-WosgWoqrpVeHqznrFKhjGr9mWG
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