This website uses cookies: By continuing to browse this site you accept its Privacy Policy and Cookies.

I accept cookies

I refuse cookies

logo

News Detail

Home/American Rare Earths works on critical minerals vision
critical-minerals

American Rare Earths works on critical minerals vision

ARR managing director and CEO Chris Gibbs recapped progress made across the company’s project portfolio, which includes the La Paz Project in Arizona and the Halleck Creek Project in Wyoming

American Rare Earths Ltd has looked back on its achievements in the December quarter as it works to become the next major rare earth and critical minerals business.

In Friday’s quarterly report, ARR managing director and CEO Chris Gibbs recapped progress made across the company’s project portfolio, which includes the La Paz Project in Arizona and the Halleck Creek Project in Wyoming.

American Rare Earths ended 2021 with slightly more than $8.1 million in the bank to support its future endeavours.

Speaking to the outlook for ARR and the business’ plans for the March quarter, Gibbs stated: With US projects and US leadership presence, American Rare Earths is well-positioned to grow the company and be at the forefront of the US rare earth industry transformation.

For the past two years, the US team have been working diligently with various research and development (R&D) partners to establish our presence with a number of the rare earth innovation efforts, he said.

It’s our vision to be more than just a mining company but rather a technology leader in this space: vertically integrated and one day producing the rare earth metals that are critical to our future, he said.

It’s our strategy to not only focus on developing our rare earth mining projects that have some of the cleanest ore in the world but to work collaboratively with R&D leaders building processing and refining capability, using new, disruptive, green and clean technologies that will provide critical minerals for future generations, Gibbs said.

He said: To achieve our vision, we are adopting a ‘book end’ strategy under the umbrella of ESG to create shareholder value and reduce time to market.

Between September and December last year, American Rare Earths continued to progress its projects towards key milestones.

Its flagship La Paz Project saw drill permits approved for the new southwest area, where there’s an exploration target estimate of between 742 and 928 million tonnes with 350 to 400 total rare earth oxides (TREO).

Meanwhile, at Halleck Creek, ARR spent the quarter finalising plans for the project’s maiden drilling program.

This could unearth the asset’s underlying potential, with estimates it could hold even more resource than the La Paz project.