Transformation of American Rare Earths and New DirectorsDear Shareholder,I am pleased to share some exciting news that marks a significant transformation for American Rare Earths (ASX: ARR | OTCQB: ARRNF | FSE:1BHA) (ARR or the Company). We are dedicated to enhancing our presence in the US market, and as part of this effort, we are actively working on upgrading our OTC listing and expanding our presence among US investors as we prepare for a NASDAQ listing.Our commitment to strengthening our position in the rare earths industry and expanding our presence in the United States has led to the agreement to appoint three highly skilled and accomplished American- based directors to our board.The addition of these three new directors will bring a wealth of mining and financial expertise to our board, further enhancing the depth and capabilities of our leadership team. Their strong industry standing, and extensive experience will be invaluable as we navigate the next phase of growth and development for American Rare Earths.In conjunction with the appointment of our new directors, we have commenced building a new management team to be based in Denver with the appointment of a new CEO and CFO. This strategic move signifies our commitment to establishing a strong presence in the United States and leveraging the immense opportunities available in this region. Our new team, together with Mel Sanderson (President North America) will play a pivotal role in driving the commercialisation and feasibility studies of our projects, as well as overseeing our highly successful exploration efforts in Wyoming, Arizona, and Montana.Our esteemed CEO and Managing Director, Chris Gibbs, fully supports this strategic move and remains committed to the company as a Non-Executive Director and consultant based in Australia. His valuable insights and guidance will continue to contribute to our ongoing success. Under the leadership of our new US based team, and the guidance of Chris Gibbs, the company is well poised for accelerated growth and value creation.Mr. Clarence McAllister has retired from the Board of the Company due to professional and personal considerations. The Board of ARR would like to sincerely thank Clarence for his contribution over the last two years, particularly his involvement with the expansion of the Company and progression towards a US based company. QUOTE The transformation of the company is a dynamic shift that will create a positive impact on its profile as presented in the US with a substantial increase of new investors IMO. From release today
