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American Rare Earths ( (AU:ARR) ) has provided an announcement.
American Rare Earths Limited has successfully raised A$15 million through a placement of 46.875 million new ordinary shares at an issue price of $0.32 per share. This strategic move strengthens the company’s financial position as it continues to develop the Halleck Creek Project, a significant rare earth deposit in Wyoming, enhancing its role in securing America’s critical mineral independence.
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 one of the largest rare earth deposits in the United States. The project aims to reduce U.S. reliance on imports and meet the growing demand for rare earth elements essential to defense and advanced technologies.
Average Trading Volume: 1,107,947
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$163.2M
Find detailed analytics on ARR stock on TipRanks’ Stock Analysis page.