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bluesamurai

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29/12/22

17:04

Post #: 65472886
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Originally posted by bluesamurai: ↑

The past few months have seen a sequence of events that have strengthened our confidence that American Rare Earths is in the right place, at the right time, and with the right commodity.In fact, it would hard to find another company in the rare earth space that has as compelling a story as does ARR:• Two world-scale projects — the high-grade Halleck Creek deposits in Wyoming and its counterpart in Arizona, La Paz.• Both of our projects are environmental and socially responsible enjoying extremely low penalty elements such as thorium and uranium, which is unique for rare earth deposits.• Outstanding metallurgy and mineralogy will reduce capital and operating costs using conventional technology, opening the pathway to early production.• Well-funded to achieve our planned objectives over the next 2 to 3 years, with cash of $17.4m at end of last quarter and significant financial assets.• Member of US Critical Materials Institute and key partner on multiple US Government funded R&D initiatives designed to transform rare earth processing.• Geopolitical forces — a US administration determined to promote domestic mining of rare earths to lessen its country’s dependence on Chinese supply— that underpin our objective to become a significant American-based supplier of critically needed rare earths.• Rapidly increasing global demand for rare earth elements.In other words, we have the key mineral elements in the biggest economy in the world, deposits that allow us to stand out from the rare earths crowd, and we are planning to supply a world desperately seeking rare earths from a jurisdiction free of political risk. QUOTE Letter from CEO release today.Strong year of achievement with a better year ahead IMO.

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