>>> American Rare Earths Limited engages in the exploration and development of mineral resources in Australia and the United States. The company explores for rare earth, scandium, and cobalt deposits. Its 100% owned flagship property is the Halleck Creek project situated in Wyoming, the United States. The company was formerly known as Broken Hill Prospecting Limited and changed its name to American Rare Earths Limited in July 2020. American Rare Earths Limited was incorporated in 1986 and is based in Sydney, Australia.
Re-post - >>> Yes....but as I mentioned in my post you responded to, it may be years or a decade before any mining takes place. Unless there are changes in the way permits are vetted and approved, an eye watering deposit of minerals is only a teaser. You can look around the USA and find many examples of very promising mineral deposits that companies are in the process of developing that are many years in without a $1 to show for their effort. I look at producing miners and fully permitted soon to be producing for opportunities.
If you are interested in miners you might take a look at TMC. The defense department is due to release a study on deep sea mineral mining on March 1st outlining:
thirty-one Members of Congress wrote a letter to the Secretary of Defense and the Pentagon urging the Department of Defense to “explore every avenue to strengthen our rare earth and critical mineral supply chains”, emphasizing “the importance of evaluating and planning for seabed mining as a new vector of competition...”.
There are still some potential pitfalls, but there is also the possibility that they will legally be able to mine. Speculative, yes, but at least they are at the end of the permitting process and if the defense department backs them it can only add additional pressure on the process to proceed.
I currently have no position but may take one. I look at the company as well positioned if they are allowed to mine their claim, but that is still a big, "but". They will also have to raise cash to begin operations, so share dilution is probably in their future....something to consider.
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