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American Rare Earths ( (AU:ARR) ) has shared an announcement.
American Rare Earths has commenced test mining at the Cowboy State Mine, marking a significant step in its development strategy. This initiative aims to extract approximately 3,200 tonnes of ore to supply a demonstration plant, which will validate processing techniques and produce samples for potential partners. The successful execution of the first blast and subsequent excavation efforts are expected to enhance the company’s operational capabilities and strengthen stakeholder confidence by providing critical data and proof of concept for future full-scale development.
More about American Rare Earths
American Rare Earths is a company involved in the rare earths industry, focusing on the extraction and processing of rare earth elements. Its operations are primarily centered around the Cowboy State Mine, part of the Halleck Creek deposit in Wyoming, USA.
YTD Price Performance: 39.62%
Average Trading Volume: 1,836,451
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$208M
For detailed information about ARR stock, go to TipRanks’ Stock Analysis page.