Just the Facts: American Rare Earths resource grows to 2.63 billion tonnes with higher grades

Proactive - Interviews for investors

Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from American Rare Earths Ltd. ARR has announced a 12.2% increase in the total mineral resource estimate for its Halleck Creek Rare Earth Project in Wyoming, bringing the total to 2.63 billion tonnes at 3,926 ppm Total Rare Earth Oxides (TREO). This update reinforces Halleck Creek’s position as one of the largest rare earth deposits in North America. The Red Mountain Area within Halleck Creek has seen a 29.7% increase in resources to 1.24 billion tonnes, with an 8.3% uplift in grade to 3,252 ppm TREO. The Cowboy State Mine, which represents the first phase of development at Red Mountain, has grown by 29.4% to 543 million tonnes, with a 2.7% improvement in grade to 3,438 ppm TREO. The deposit remains open at depth and along strike, with the current resource estimate covering only 16% of the overall project area, suggesting significant expansion potential. Halleck Creek is strategically positioned to support US efforts for domestic critical mineral independence. Its favourable geology and near-surface mineralisation offer potential for low-cost open-pit operations. Ongoing metallurgical test work has demonstrated efficient processing methods for rare earths, further enhancing the project’s economic viability. The updated resource estimate will be incorporated into an updated scoping study, scheduled for release in February 2025, and a pre-feasibility study to be completed later this year. ARR emphasised that Halleck Creek’s scale, growth and strategic importance make it a cornerstone project in the US rare earth supply chain, supporting economic growth and national security goals. #AmericanRareEarths #HalleckCreek #RareEarths #MiningWyoming #CriticalMinerals #USMineralIndependence #ResourceExpansion #RareEarthMining #MiningNews #WyomingMining #ScopingStudy #PreFeasibilityStudy #CriticalMetals #USSupplyChain #EconomicGrowth #RareEarthDeposits #MineralProcessing #MiningProjects #StrategicResources #DomesticSupply