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American Rare Earths
(Sydney:ARR)
American Rare Earths (ARR) vs. iShares MSCI Australia ETF (EWA)
American Rare Earths Business Overview & Revenue Model
American Rare Earths Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.91K | 0.00 | 0.00 | 66.60K | 40.97K | 93.90K |
| Gross Profit | -134.65K | -134.65K | -136.94K | -23.07K | -27.38K | 28.82K |
| EBITDA | -6.34M | -6.33M | -5.28M | -4.75M | -1.95M | -182.44K |
| Net Income | -6.47M | -6.47M | -6.26M | -4.85M | -2.04M | -258.92K |
Balance Sheet | ||||||
| Total Assets | 31.33M | 31.33M | 34.02M | 25.91M | 16.93M | 9.95M |
| Cash, Cash Equivalents and Short-Term Investments | 10.38M | 10.38M | 16.30M | 12.49M | 6.34M | 3.70M |
| Total Debt | 182.87K | 182.87K | 342.06K | 116.16K | 173.36K | 48.51K |
| Total Liabilities | 1.22M | 1.22M | 961.61K | 715.81K | 925.98K | 395.07K |
| Stockholders Equity | 30.11M | 30.11M | 33.06M | 25.20M | 16.00M | 9.55M |
Cash Flow | ||||||
| Free Cash Flow | -7.08M | -10.59M | -8.18M | -6.87M | -5.17M | -2.39M |
| Operating Cash Flow | -4.42M | -4.42M | -4.13M | -3.19M | -2.34M | -1.17M |
| Investing Cash Flow | -6.98M | -6.98M | -5.02M | -4.08M | -1.83M | 1.19M |
| Financing Cash Flow | 4.45M | 4.45M | 12.96M | 13.34M | 6.89M | 2.29M |
American Rare Earths Technical Analysis
American Rare Earths Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | AU$736.26M | 11.99 | 15.33% | ― | 6.70% | ― | |
62 Neutral | AU$152.61M | 11.51 | 8.79% | ― | 15.32% | 10.05% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | AU$470.44M | -11.59 | -12.73% | ― | 2.00% | 8.82% | |
46 Neutral | AU$258.57M | -31.01 | -20.10% | ― | ― | 4.44% | |
36 Underperform | AU$1.63M | -0.72 | ― | ― | -12.49% | 51.70% |
American Rare Earths Corporate Events
American Rare Earths reported coordinated technical and corporate progress at its Halleck Creek Project in the December 2025 quarter, highlighted by the successful production of Mixed Rare Earths Oxide from project ore using an updated mineral processing flowsheet. The company advanced beneficiation optimisation work, released a preliminary updated flowsheet, and completed an updated Mineral Resource Estimate for the Cowboy State Mine area that enhances the geological basis for ongoing technical studies and de-risks project development. Leadership was strengthened through the appointment of industry veteran Mark Wall as CEO and additional board changes, while the company deepened its partnership with Tetra Tech to pursue U.S. government funding and mine-to-magnet opportunities, underscoring its ambition to become one of the next U.S. rare earths producers and a key contributor to domestic critical mineral supply chains.
The most recent analyst rating on (AU:ARR) stock is a Hold with a A$0.42 price target. To see the full list of analyst forecasts on American Rare Earths stock, see the AU:ARR Stock Forecast page.
American Rare Earths Limited has issued 1,000,000 new ordinary fully paid shares upon the exercise of an equal number of unlisted options, without a disclosure document, under provisions of the Australian Corporations Act. The company confirmed it is meeting its continuous disclosure and financial reporting obligations, and that there is no excluded information that would affect secondary trading of these shares, underscoring transparency as it advances its strategically important Halleck Creek rare earths project in Wyoming.
The most recent analyst rating on (AU:ARR) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on American Rare Earths stock, see the AU:ARR Stock Forecast page.
American Rare Earths has partnered with the University of Wyoming’s School of Energy Resources to secure a Seed Translational Acceleration of Research (STAR) project award, funded under the National Science Foundation’s Accelerating Research Translation program, to study tailings and other byproducts from its Halleck Creek rare earths project. The one-year, commercialization-focused research will build a detailed database of byproduct material properties, use modeling and lab tests to identify viable end-use applications, and assess processing requirements and economic implications, potentially improving project economics and shrinking the environmental footprint of future production while reinforcing Halleck Creek’s role in Wyoming’s energy-driven economic development and in bolstering U.S. rare earth supply chain security.
The most recent analyst rating on (AU:ARR) stock is a Hold with a A$0.41 price target. To see the full list of analyst forecasts on American Rare Earths stock, see the AU:ARR Stock Forecast page.
American Rare Earths Limited has notified the market that it has ceased to be a substantial shareholder in Godolphin Resources Limited. Between 5 and 8 January 2026, the company sold a total of 56,535,000 Godolphin ordinary shares for aggregate consideration of approximately A$1.81 million, thereby reducing its holding below the substantial shareholder threshold and potentially signaling a shift in its capital allocation or strategic focus away from its prior investment in Godolphin.
The most recent analyst rating on (AU:ARR) stock is a Hold with a A$0.36 price target. To see the full list of analyst forecasts on American Rare Earths stock, see the AU:ARR Stock Forecast page.
American Rare Earths Limited has notified the ASX of the issue of 2,000,000 unlisted options exercisable at A$0.3882, expiring on 22 December 2028. The new options, which are unquoted securities, expand the company’s equity-based instruments and may provide additional future capital if exercised, signaling ongoing efforts to strengthen its capital structure and align incentives as it advances its rare earths portfolio.
The most recent analyst rating on (AU:ARR) stock is a Buy with a A$0.65 price target. To see the full list of analyst forecasts on American Rare Earths stock, see the AU:ARR Stock Forecast page.
American Rare Earths Limited has notified the market of the issue of 12 million unlisted options, exercisable at A$0.30 and expiring on 19 December 2028. The issuance of these unquoted securities is likely part of the company’s broader capital management and incentive strategy, potentially aligning management and stakeholder interests with long-term share price performance while providing additional funding optionality for its rare earths development activities.
The most recent analyst rating on (AU:ARR) stock is a Buy with a A$0.65 price target. To see the full list of analyst forecasts on American Rare Earths stock, see the AU:ARR Stock Forecast page.
American Rare Earths Limited has announced the expiry of 1,190,500 listed options (ARRAP) with an exercise price of A$0.40, which lapsed unexercised on 18 December 2025. The cessation of these options slightly simplifies the company’s capital structure by removing a class of derivative securities, though it does not immediately affect cash balances or existing ordinary shareholders’ equity.
The most recent analyst rating on (AU:ARR) stock is a Buy with a A$0.65 price target. To see the full list of analyst forecasts on American Rare Earths stock, see the AU:ARR Stock Forecast page.
American Rare Earths has achieved a significant technical milestone by producing mixed rare earth oxides (MREO) from Halleck Creek ore using an updated preliminary pre-feasibility study (PFS) mineral processing flowsheet. This breakthrough confirms the feasibility of extracting rare earths into metallic oxides, paving the way for further solvent extraction processes. The development is expected to enhance the company’s operations and industry positioning by facilitating the production of individually separated rare earth products, which are essential for manufacturing advanced technologies.
American Rare Earths Limited has announced a change in the director’s interest, with Director Brian Arkell acquiring 250,000 unlisted options exercisable at $0.4818, expiring on November 30, 2028. This issuance of options, approved by shareholders, reflects a strategic move to align the interests of the director with the company’s growth objectives, potentially impacting the company’s operational focus and stakeholder interests.
American Rare Earths Limited has announced the issuance of 250,000 unlisted options with an exercise price of $0.4818, set to expire on November 30, 2028. This move is part of an employee incentive scheme, indicating the company’s strategy to retain and motivate its workforce, which could enhance its operational capabilities and market position.
American Rare Earths Limited announced a change in the director’s interest, specifically the expiration of 2,000,000 unlisted options held by Director Richard Hudson. This change reflects an adjustment in the director’s indirect interest in the company, with no new acquisitions or disposals of shares, indicating a routine update in compliance with corporate governance requirements.
American Rare Earths Limited announced the cessation of 4,000,000 securities due to the expiry of options without exercise or conversion. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and market positioning.
American Rare Earths has appointed Mark Wall as the new CEO to lead the company into its next phase of growth, focusing on transitioning from an explorer to a producer of rare earth elements in the U.S. Wall’s extensive experience in global mining and project development aligns with the company’s strategic goals. Under his leadership, the company will advance the Halleck Creek project in Wyoming, complete a prefeasibility study, and prepare for a potential U.S. listing. This move is expected to strengthen the company’s market position and contribute to North American supply chain security.
American Rare Earths Limited has announced the quotation of 500,000 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of the company’s strategy to enhance its financial flexibility and support its ongoing projects in the rare earth sector, potentially strengthening its market position and providing value to its stakeholders.
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.
American Rare Earths has announced an updated Mineral Resource Estimate for the Cowboy State Mine area at its Halleck Creek Rare Earths Project, reflecting a reclassification of 68.4 million tonnes to the indicated resource category. This update, based on 102 channel samples, includes a standout sample with a record high assay grade, significantly enhancing the project’s potential. Additionally, the company has secured new exploration drilling permits, allowing for further development and technical studies, which positions the project for timely advancement and potentially increases the resource estimates at Halleck Creek.
American Rare Earths Limited announced the results of its Annual General Meeting, highlighting the approval of several resolutions, including the re-election of directors and the ratification of prior share placements. These outcomes are expected to support the company’s strategic initiatives, particularly the development of the Halleck Creek Project, which is pivotal for enhancing U.S. supply chain security in the rare earths sector. The meeting results underscore the company’s commitment to advancing its projects and maintaining strong governance practices.
American Rare Earths is advancing its Halleck Creek Rare Earths Project amidst geopolitical tensions and U.S. efforts to secure a domestic supply chain for rare earth elements. The company has made significant progress in resource estimation, technical development, and permitting, positioning itself strategically with U.S. agencies and securing financial support. These developments are crucial for reducing reliance on foreign minerals and enhancing national security, with the project expected to supply rare earths for over a century.
American Rare Earths has released an investor presentation highlighting its strategic initiative to diversify and de-risk the United States’ upstream rare earths supply chain through its operations in Wyoming. This move is significant for the company as it aims to strengthen its position in the rare earths industry, potentially impacting stakeholders by enhancing supply chain security and reducing reliance on foreign sources.
American Rare Earths has released a preliminary updated mineral processing flowsheet for its Halleck Creek Rare Earths Project, marking a significant step towards becoming a leading rare earths producer in the U.S. The company has reported promising results from beneficiation optimisation tests, particularly with the Reflux Classifier Concentrator (RCC), which may improve rare earth recoveries and reduce operating costs. These advancements are expected to positively impact the project’s pre-feasibility study economics, potentially enhancing the company’s position in the rare earths market.