American Rare Earths CEO, Donald Swartz, commented on the Placement:“I am thrilled to announce the successful completion of our institutional placement, which has raised A$13.5 million. Theoverwhelming support from both existing shareholders and new institutional investors underscores the confidence inour vision and the potential of our projects in particular the Halleck Creek Rare Earth Project.This Placement provides us with the capital to advance our flagship project, Halleck Creek, towards delivering a securesupply of critical minerals to the North American supply chain. We are committed to executing on our projectdevelopment milestones and are grateful for the support that enables us to further our mission.With a focus on environmentally friendly and cost-effective extraction methods, we are well set to meet the escalatingdemand for resources essential to the clean energy transition and US national security. This milestone marks a pivotalmoment in our journey, and we are excited for the opportunities that lie ahead as we continue to drive value for ourshareholders and stakeholders alike” QUOTE We are now in a strong position to complete the path to commercialization of Halleck Creek IMO *.From release this morning
