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American Rare Earths ( (AU:ARR) ) just unveiled an announcement.
American Rare Earths has completed test mining and primary crushing of approximately 3,080 tonnes of rare earth ore at the Cowboy State Mine, part of the Halleck Creek deposit. The company is conducting comminution optimization tests on 13.7 tonnes of ore samples to improve rare earth magnet element recoveries and project economics. The remaining ore will be used as feedstock for a demonstration plant, which will validate processing methods and support future technical studies. These efforts are expected to enhance the company’s position in the domestic permanent magnet industry and increase stakeholder confidence.
More about American Rare Earths
American Rare Earths is a company focused on the exploration and development of rare earth elements, which are critical for the production of permanent magnets used in various high-tech and clean energy applications. The company aims to establish a domestic supply chain for these essential minerals.
Average Trading Volume: 2,073,669
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$182.7M
For an in-depth examination of ARR stock, go to TipRanks’ Overview page.