Proactive: American Rare Earths Teams Up with BMO Capital Markets to Propel Halleck Creek Project Development
American Rare Earths CEO Chris Gibbs joined Steve Darling from Proactive to share news the company has announced a strategic engagement with BMO Capital Markets (NYSE:BMO) Limited, a globally recognized leader in metals and mining financial advisory, to advance its Halleck Creek Project in Wyoming. BMO will serve as ARR’s financial adviser, focusing on strategic investments, joint ventures, mergers and acquisitions, and offtake agreements to accelerate the development of the project, which is poised to become a cornerstone of the U.S. critical minerals supply chain.
The partnership follows ARR’s August 12th establishment of Wyoming Rare USA (WRI), a dedicated U.S.-based subsidiary designed to attract domestic partnerships and streamline investment in Halleck Creek. The project is recognized as one of North America’s largest rare earth deposits, garnering significant attention due to its scale, strategic importance, and potential economic impact. The project has strong backing from Wyoming, aligning with the state’s broader economic goals.
The Wyoming Energy Authority earlier this year awarded a grant to ARR to advance the project, further emphasizing its importance. The development promises to deliver long-term economic benefits for Wyoming, creating jobs and cementing the state’s leadership in the U.S. critical minerals sector. As the need for secure and sustainable rare earth supplies intensifies, ARR’s collaboration with BMO marks a pivotal move in ensuring the Halleck Creek Project’s successful development and its integration into the national critical minerals strategy.