American Rare Earths Undertakes Strategic Move to Accelerate Development of Halleck Creek in Wyoming

Mel Sanderson, Non-Executive Director of American Rare Earths, recently discussed with Steve Darling from Proactive the company’s strategic decision to restructure operations to better advance the Halleck Creek resource. Following an extensive strategic review, the Board of Directors has implemented operational and structural changes aimed at positioning the Halleck Creek Project as a key strategic resource for U.S. markets. These changes are designed to make Halleck Creek more appealing to major U.S. investors, facilitating its development while maximizing value for existing shareholders. One of the most significant changes is the establishment of Wyoming Rare Inc. (WRI), a wholly owned subsidiary of American Rare Earths, which will take on the development of the Halleck Creek Project. This new entity will have its own dedicated capital structure and funding sources, making it an attractive prospect for U.S.-based investment and partnerships. WRI's focus will be on the development of the Cowboy State Mine, located within a portion of the Halleck Creek Wyoming State Tenements. Sanderson highlighted the recent energy fund grant awarded by the State of Wyoming, which, combined with the pathway to permitting, positions WRI to accelerate the development of one of the largest rare earth deposits in North America. The project has considerable upside potential, with less than 75% of the mineralized zones yet to be drilled and the deposit remaining open at depth. As detailed in the Scoping Study released on March 18, 2024, the Halleck Creek Project demonstrates strong commercial viability, with a Net Present Value (NPV) of USD 673.9 million, an Internal Rate of Return (IRR) of 22.5%, and a payback period of 2.9 years. The total initial capital expenditure for the project is estimated at USD 456.1 million. #proactiveinvestors #americanrareearthslimited #asx #arr #otcqx #arrnf #adr #amrry #wyomingrareinc #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews