US rare earth market potential, page-267

Donald Swartz, CEO of American Rare Earths, commented:“I am pleased to announce our continued project execution to de-risk the project. At the time of ourinstitutional placement in February, we outlined the use of proceeds to accelerate development to includeadditional drilling, metallurgical testwork, project studies, and permitting. As we enter the 2025 fiscal year,we do so ahead of schedule. Through the Company’s involvement in the DARPA initiative, our flowsheet hasimproved, and I’m excited about the future. The planned drilling will allow ARR to upgrade our resourceestimates and provide data for advancing studies in FY2025. The mineral processing and leaching testworkis designed to refine our current flowsheets. The preliminary baseline environmental studies are the first stepstowards responsible mine development at the Cowboy State Mine.” QUOTE Looking forward to the program ahead to enhance the project IMO From release today.