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In a recent InvestorNews interview, Tracy Weslosky sat down with American Rare Earths Limited’s (ASX: ARR | OTCQB: ARRNF) CEO Donald Swartz to discuss the recent drilling results from their Halleck Creek Project in Wyoming, USA. Discussing the potential for a much larger, higher-grade rare earths resource, Donald explains how Halleck Creek signifies the largest rare earths opportunity in the USA. With a 1.43 billion tonne JORC Resource at Halleck Creek, Donald says that recent assay results with over 5,000 ppm Total Rare Earth Oxides (TREO) far exceeds the previous average of 3,300 ppm TREO, affirming the project’s vast potential. Donald goes on to say that American Rare Earths is focused on key magnet rare earth elements such as neodymium and praseodymium which constitute approximately 20% of the project’s TREO content. About American Rare Earths Limited American Rare Earths is committed to becoming a top supplier of critical minerals.
The company is a leading explorer of rare earth projects, with a strong focus on developing sustainable 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, American Rare Earths is engaged in advanced study and continued exploration of its 100% owned rare earth element projects rich in the magnet elements of neodymium and praseodymium at Halleck Creek in Albany County, Wyoming and La Paz, Arizona. Both projects have the potential to be among North America’s largest rare earth deposits. The Halleck Creek deposit was recently identified by Mining.com as fifth in the world’s top rare earth projects. A recently released maiden JORC Resource report for Halleck Creek shows 1.43 billion tonnes of in-place TREO, 4.73 million tonnes TREO containing approximately 1.05 million tonnes of the highly desirable magnet metals neodymium and praseodymium. The Halleck Creek deposit is located approximately 70km north-east of Laramie encompassing portions of Albany and Platte Counties in Wyoming. 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 to help ensure a renewable future.