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American Rare Earths ( (AU:ARR) ) has issued an announcement.
American Rare Earths’ Halleck Creek project in Wyoming has been identified as a major contributor to the U.S. rare earth industry, with its JORC-compliant resource estimated at 2.34 billion tonnes, covering only 16% of the explored area. The project aims to significantly alleviate the U.S.’s dependence on Chinese imports, offering a strategic advantage by ensuring a domestic supply of critical minerals necessary for national security and technological advancement. ARR’s efforts in 2024 have laid a solid foundation for future growth, with the establishment of a new subsidiary, financial backing, and successful drilling campaigns that highlight the project’s economic viability and strategic importance.
More about American Rare Earths
American Rare Earths (ARR) operates in the rare earths industry, focusing on securing domestic critical mineral supply chains within the United States. The company emphasizes the exploration and development of significant rare earth projects, particularly the Halleck Creek project, to reduce reliance on foreign imports, primarily from China.
YTD Price Performance: 3.33%
Average Trading Volume: 469,537
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $88.79M
See more data about ARR stock on TipRanks’ Stock Analysis page.
