23.12.2024 17:39:00
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American Rare Earths secures research institute to progress Halleck Creek project in Wyoming
American Rare Earths (ARR) (ASX: ARR | OTCQX: ARRNF, AMRRY) announced that its wholly owned subsidiary, Wyoming Rare, has secured a facility at the Western Research Institute to progress the Halleck Creek rare earths project and enhance its operational capabilities in the region.The Institute, located in Laramie, is a multi-million dollar, not-for-profit, research organization for work in advanced energy systems, environmental technologies and materials research and technologies.This follows the recent award of a US$7.1 million grant from the State of Wyoming to support the advancement of the company’s rare earth processing initiatives.American Rare Earths’ subsidiary, Wyoming Rare, holds the Halleck Creek project, which was named by Mining Intelligence last year as one of the world’s top 10 rare earth projects measured in total rare earth oxides (TREO). The unit recently rejected a $400 million SPAC takeover offer.The facility will serve as a hub for exploration, processing, and future development activities, enabling the company to align its efforts with state-backed initiatives to bolster critical mineral development.The facility will house all drill core and assay samples collected to date, providing a central location for streamlined operations, the company said, adding that the space will accommodate the construction of a pilot plant, advancing the development and testing of processing capabilities for the project.“This is an exciting milestone for the company and our progression of the Cowboy State Mine at Halleck Creek,” Wyoming Rare president Joe Evers said in a news release.“The support of the State of Wyoming and our collaboration with the Western Research Institute highlights Wyoming’s commitment to becoming a leader in critical minerals development,” Evers said.“This facility helps to advance our mission of onshoring critical mineral supply chains for the USA while highlighting Wyoming’s position as a leader in critical minerals and rare earth elements.”Weiter zum vollständigen Artikel bei Mining.com
Nachrichten zu Rare Holdings Ltd.
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