Spotlight on American Rare Earths, page-2834

American Rare Earths (ASX:ARR)

No, it’s not International Talk Like a Pirate Day – that’s September 19. But nevertheless, avast ye hearties and so forth, because ARR has hoisted the main sail and… look, we’re sick of this analogy already. Just know it sailed into 40%+ waters a bit earlier today.

And that’s possibly on the heels of Friday’s investor presentation, and late news that chairman Ken Traub has been replaced by non-executive director Richard Hudson. Traub isn’t walking the plank – he’s set to remain an integral and valued leader for the company – on the board as a non-executive director.

Suppose you want a few highlights from said presentation? Righto then…

• ARR has the largest ASX-listed portfolio of strategic rare earth element assets in the US.

• Its flagship Halleck Creek Project (100% owned) has, says the company, potential to be largest rare earths deposit in the US.

• ARR has projects across southwest US in favourable mining jurisdictions together covering 17,400 acres.

• As of February 2024, the company’s JORC REE resource is 2.34 billion tonnes.

• 1.42 billion tonnes of measured and indicated resources were estimated at a grade of 3,296 ppm TREO using a 1,000ppm TREO cut-off.

• And how about its coffers? Healthy, sitting at a $6.3 million cash position at last count, and $5.2m in invested assets.