American Rare Earths Limited

Equities

ARR

NZARRE0004S7

Non-Gold Precious Metals & Minerals

Market Closed - Australian S.E. Other stock markets 11:40:22 29/05/2024 am IST			5-day change	1st Jan Change
0.265 ^AUD	-1.85%		-11.67%	+60.61%

06/05	American Rare Earths Announces Results from A Metallurgical Study on Leaching Extraction of REE from Halleck Creek Ore by Low Temperature, Direct Acid Leaching	CI
26/04	American Rare Earths Declines $400 Million Offer for Halleck Creek Project	MT

U.S. Tariff Policy Changes to Benefit American Rare Earths Ltd.

May 15, 2024 at 05:33 pm IST

DENVER, May 15, 2024 (GLOBE NEWSWIRE) -- American Rare Earths Ltd. (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) stands to gain significantly from the recent U.S. tariff policy changes targeting critical minerals and technology sectors. The announcement by the U.S. Trade Representative emphasizes stricter measures on imports, particularly from China, which is poised to escalate the demand for locally sourced critical minerals.

American Rare Earths, with its strategic projects at Halleck Creek in Wyoming and La Paz in Arizona, is well-positioned to capitalize on this shift. These sites, among North America's largest rare earth deposits, are central to the company's efforts to supply resources vital for the clean energy transition, including those used in electric vehicles and renewable energy technologies.

As the U.S. moves to enhance its domestic supply chains for critical minerals, American Rare Earths expects an increase in demand for its products. This policy shift aligns with ARR's ongoing initiatives to expand its operations and strengthen its market position in a rapidly evolving industry.

Donald Swartz, Chief Executive Officer of American Rare Earths commented:

“It is encouraging to see the Biden administration acknowledge that the United States can no longer rely on geopolitical rivals to supply materials essential to national security. The phase-in of the tariffs aligns very well with our American development strategy, as we continue to advance our flagship Halleck Creek magnetic rare earth project in Wyoming.”

You can read the full White House statement here.

About American Rare Earths Limited:

American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) owns the Halleck Creek, WY and La Paz, AZ rare earth deposits which have the potential to become the largest and most sustainable rare earth projects in North America. American Rare Earths is developing environmentally friendly and cost-effective extraction and processing methods to meet the rapidly increasing demand for resources essential to the clean energy transition and US national security. The Company continues to evaluate other exploration opportunities and is collaborating with US Government supported R&D to develop efficient processing and separation techniques of rare earth elements to help ensure a renewable future.

Contact:
Susan Assadi
Media Relations US
sassadi@americanree.com
347 977 7125

Beverly Jedynak
Investor Relations US
Beverly.jedynak@viriathus.com
312 943 1123

Latest news about American Rare Earths Limited

American Rare Earths Announces Results from A Metallurgical Study on Leaching Extraction of REE from Halleck Creek Ore by Low Temperature, Direct Acid Leaching	06/05	CI
American Rare Earths Declines $400 Million Offer for Halleck Creek Project	26/04	MT
American Rare Earths Receives Acquisition Offer for Halleck Creek Project in US	26/04	MT
American Rare Earths' Assay Results Expand Rare Earth Enrichment Within the Cowboy State Mine Area at Halleck Creek, Wyoming	10/04	CI
American Rare Earths' Scoping Study Confirms Low-Cost, Scalable World-Class REE Project	18/03	CI
American Rare Earths Scoping Study Shows $673.9 Million NPV8, $505.1 Million NPV10 at Halleck Creek	18/03	MT
American Rare Earths Limited Reports Earnings Results for the Half Year Ended December 31, 2023	12/03	CI
American Rare Earths Raises AU$14 Million for Developing US Rare Earths Project; Shares Plunge 19%	23/02	MT
American Rare Earths Appoints Nonexecutive Chair	09/02	MT
American Rare Earths Appoints Richard Hudson as Non-Executive Chairman	09/02	CI
American Rare Earths Updates Mineral Resource of Halleck Creek Project; Shares Climb 4%	07/02	MT
American Rare Earths Continues to Find 'Exceptional' Mineralization at US Rare Earth Project	14/12	MT
American Rare Earths Intersects Mineralization at Halleck Creek Project	08/12	MT
American Rare Earths Limited Announces Results from Drilling Program at Halleck Creek	07/12	CI
Western start-ups seek to break China's grip on rare earths refining	05/12	RE
Western start-ups seek to break China's grip on rare earths refining	04/12	RE
American Rare Earths Validates Mineralization at Halleck Creek Project	30/11	MT
American Rare Earths Limited Announces Executive Changes	17/11	CI
American Rare Earths Chair Steps Down	17/11	MT
American Rare Earths Limited Withdraws Resolution of Re-Election of Director - Francis Creagh O'connor	16/11	CI
American Rare Earths Completes 2023 Development Drilling Program at Halleck Creek Project in the US	01/11	MT
American Rare Earths Limited Announces an Update on Autumn Exploration Drilling and Completion of Significant Mapping and Sampling Work At Halleck Creek	03/23/03	CI
American Rare Earths Limited Announces US Management Changes	28/23/28	CI
American Rare Earths Limited Reports Earnings Results for the Full Year Ended June 30, 2023	27/23/27	CI
American Rare Earths Finds High-Grade Mineralization at Beaver Creek Project	14/23/14	MT

Chart American Rare Earths Limited

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Company Profile

American Rare Earths Limited is an Australia-based mineral exploration company. The Company owns the Halleck Creek and La Paz rare earth deposits. Its flagship project is Halleck Creek, located in the Central Laramie Mountains, approximately 70 kilometers (km) northeast of Laramie, and 30 km southwest of Wheatland, Wyoming and covers over 3304 hectares. Through its wholly owned subsidiary Wyoming Rare (USA) Inc., it controls approximately 367 unpatented lode mining claims and four Wyoming State Mineral Leases. Its 100% owned La Paz Rare Earth Project, which is located in La Paz County, Arizona, approximately 170 kilometers northwest of Phoenix. The La Paz Project covers over 2779 hectares. Its projects also include Beaver Creek and Searchlight properties. It is also focused on evaluating other exploration opportunities and is collaborating with United States Government-supported research and development (R&D) to develop processing and separation techniques of rare earth elements.

Sector

Non-Gold Precious Metals & Minerals

Calendar

26/09/2024 - Q4 2024 Earnings Release (Projected)

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Sector Rare Earth Minerals

	1st Jan change	Capi.
AMERICAN RARE EARTHS LIMITED	+60.61%	88.73M
CHINA NORTHERN RARE EARTH (GROUP) HIGH-TECH CO.,LTD	-1.45%	9.51B
LYNAS RARE EARTHS LIMITED	-6.01%	4.18B
MP MATERIALS CORP.	-15.87%	2.76B
CHINA KINGS RESOURCES GROUP CO.,LTD.	+16.24%	2.62B
SHENGHE RESOURCES HOLDING CO., LTD	-5.50%	2.33B
BRAZILIAN RARE EARTHS LIMITED	+59.69%	399M
ARAFURA RARE EARTHS LIMITED	+15.15%	292M
NORDIC MINING ASA	+32.08%	230M
RARE ELEMENT RESOURCES LTD.	+1.69%	135M

Rare Earth Minerals