American Rare Earths (AU:ARR) has released an update.
American Rare Earths has announced positive assay results from its 2024 drilling campaign at the Cowboy State Mine, indicating high-grade rare earth ore particularly in the western section near Red Mountain. The successful drilling results have led to the planning of additional holes to further target these higher-grade zones. The company’s CEO highlighted the project’s potential as one of the largest rare earth developments in North America, aiming to meet the US’s increasing demand for critical minerals.
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