American Rare Earths owns about 8,000 acres of mining claims here – called the Halleck Creek Project – on a mix of private, federal and state land. The company announced promising results from exploratory drilling on Halleck Creek earlier this year, determining that there are about 5 million tons of rare earth oxides on their claims. This could make it the largest known deposit of these minerals in North America.“We knew it was going to be big. We didn't know it was going to be a monster, in the good sense of the word,” said Mel Sanderson, North American president of American Rare Earths. “We've drilled to 150 meters so far, and it is consistently a rich, heavily concentrated deposit to depth.” QUOTE ARR gaining exposure in US media at the right time IMO.
