US EXIM Bank Signals Support for Major Rare Earth Project

American Rare Earths (AU:ARR) has released an update.

American Rare Earths’ subsidiary, Wyoming Rare (USA) Inc, has received a Letter of Interest from the US Export-Import Bank for a potential $456 million debt financing package for their Cowboy State Mine project. This initiative is a part of the Make More In America Initiative, aiming to boost US exports and create jobs. Although not a final commitment, this funding is crucial for developing the Halleck Creek deposit, potentially a significant multi-generational rare earth asset for the US.

For further insights into AU:ARR stock, check out TipRanks’ Stock Analysis page.