US rare earth market potential

Originally posted by bluesamurai: ↑

The Unicorns Podcast connects you to some of the best and brightest founders, CEOs, executives, business owners, innovators, entrepreneurs and inspiring leaders who make things happen and inspire others.Host Justin Kelly, former broadcast journalist and PR veteran, chats with leaders from across Australia and internationally on business strategy; what it takes to build a successful company; how to overcome challenges, and advice for those on a similar journey.In this episode, Justin talks with Chris Gibbs, the MD and CEO of Australian critical minerals explorer American Rare Earths (ASX:ARR).ARR already has two of the potentially largest rare earths deposits in North America. It’s also involved with US Government supported R&D to develop a sustainable and sec
ure domestic supply chain to reduce American dependence on China for critical minerals.Now the company is about to start an exploration program at its Halleck Creek project in Wyoming, which has a current JORC Resource of 1.43 billion tonnes. That includes 4.73 million tonnes of Total Rare Earth Oxides (TREO) with about 24% of that high value magnet rare earth elements essential for the clean energy transition. QUOTE Exceptional audio interview on subject ARR gets set to spread its wings worth listening to IMO

https://unauthorised investment advice/resources/unicorns-podcast-american-rare-earths-asx-arr-gets-set-to-spread-its-wings/

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Just as Halleck Creek got the top 5 spot in a list of the World’s Top 10 Rare Earth Projects, American Rare Earths has announced plans for resource drilling across some of the 75% of the huge project yet to be explored. Just as Halleck Creek got the top 5 spot in a list of the World’s Top 10 Rare Earth Projects, American Rare Earths has announced plans for resource drilling across some of the 75% of the huge project yet to be explored.The wholly owned Wyoming project already has a JORC Resource of 1.43 billion tonnes, which includes 1.05 million tonnes of highly valuable magnet metals Neodymium and Praseodymium (NdPr). This makes it potentially one of the largest and most strategically important rare earths projects in North America as the continent moves towards clean energy.American Rare Earths (ASX:AARR) has now applied for updated drilling permits for up to 31 holes at Halleck Creek and plans to drill approximately 2,400 metres in total in Q3 of CY2023.With the deposit open at depth and width, the main aims of ARR’s latest exploration plan are to prove up the resource by identifying the highest-grade areas then define a significant volume of measured and indicated resources.This information is crucial for resource reporting requirements, particularly as ARR starts to migrate its corporate offices to the US to be more accessible to US investors, and prepares to file reports using the US Securities and Exchange Commission (SEC) reporting standards.Core material from the upcoming drilling will be used for more detailed metallurgical testing, which has already been highly encouraging, and feed into to the development of an operation requiring low capital and operating expenditure, with a very favourable ESG profile. QUOTE just posted on * ARR increases activity to prove the company’s credentials to the US market IMO