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The latest announcement is out from American Rare Earths ( (AU:ARR) ).
American Rare Earths has received the final payment of $1 million from Cobalt Blue Holdings Limited under a Promissory Note, which will be used to advance its strategic priorities, including the Halleck Creek Project in Wyoming. This financial development supports the company’s efforts to enhance its operations and strengthen its position in the rare earths market, contributing to U.S. supply chain security and reducing dependency on foreign imports.
More about American Rare Earths
American Rare Earths is a critical minerals company focused on reshaping the U.S. rare earths industry. Through its subsidiary, Wyoming Rare (USA) Inc., the company is advancing the Halleck Creek Project in Wyoming, which is a significant rare earth deposit. The project aims to secure America’s critical mineral independence and reduce reliance on imports, particularly from China, by developing onsite mineral processing and separation facilities. The company is committed to environmentally responsible mining practices and collaborates with U.S. Government-supported R&D programs.
Average Trading Volume: 2,219,173
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$210.8M
Learn more about ARR stock on TipRanks’ Stock Analysis page.