American Rare Earths (AU:ARR) has released an update.
American Rare Earths has secured a substantial A$10.7 million (US$7.1 million) grant from the State of Wyoming to propel the development of the Cowboy State Mine at Halleck Creek. This non-dilutive funding will support a range of activities including exploration, environmental studies, and the establishment of a pilot processing plant, aiming to bolster Wyoming’s position in the energy and mining sectors. The grant, which highlights a strategic partnership, is set to expedite the mine’s development, aligning with both the company’s and state’s economic and environmental goals.
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