Australian exploration company focussed on the development of
Rare Earths in Arizona North America
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).
La Paz Rare Earth
“La Paz offers a unique opportunity for shareholders to gain exposure to the US rare earths market, where security of supply is critical because of rising global trade tensions.”
CEO La Paz Rare Earth
La Paz is a large tonnage, bulk deposit comprising high value, light rare earth (LREE) assemblage with the potential to be the largest rare earth project in North America.
La Paz contains very low penalty elements such as radioactive thorium and uranium, and an independent NI 43-101 report and resource estimate was completed in 2011.
The project benefits from excellent local infrastructure – electricity, water, gas – as well as local and federal government support in a mining friendly jurisdiction.