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American Rare Earths ( (AU:ARR) ) just unveiled an announcement.
American Rare Earths has expanded its partnership with Tetra Tech to explore U.S. Government funding opportunities for its Halleck Creek project, which is crucial for securing a long-term supply of U.S. magnet metals for national security and defense. This collaboration aims to leverage Tetra Tech’s expertise in governmental funding to accelerate the project’s development and address supply chain vulnerabilities in the U.S. rare earths industry. The partnership is expected to enhance the project’s profile and contribute to diversifying and de-risking the U.S. magnetics industry’s supply chain.
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 utilizing cost-efficient open-pit mining and streamlined permitting processes. The company is committed to environmentally responsible mining practices and collaborates with U.S. Government-supported R&D programs to innovate extraction and processing technologies.
Average Trading Volume: 2,425,081
Technical Sentiment Signal: Buy
Current Market Cap: A$232.1M
See more data about ARR stock on TipRanks’ Stock Analysis page.