Latest news with #AmericanRareEarthsLimited
Associated Press
08-05-2025
- Business
- Associated Press
American Rare Earths Channel Sampling Program Highlights TREO Grades up to 13,651 ppm
HIGHLIGHTS DENVER, May 08, 2025 (GLOBE NEWSWIRE) -- American Rare Earths Limited (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) (ARR or the Company) is pleased to report the results from a mapping and channel sampling program across the Cowboy State Mine (CSM) area, part of the Halleck Creek Rare Earths Project in Wyoming. A total of 106 channel samples were collected across Red Mountain by geologists from Wyoming Rare (USA) Inc (WRI), ARR's wholly owned U.S. subsidiary, in collaboration with technical support from Geosyntec. Assay results confirmed elevated rare earth mineralization across the Red Mountain area, including a standout sample grading 1.37% (13,651ppm) Total Rare Earth Oxide (TREO). TREO grades of Red Mountain Pluton (RMP), the rare earth bearing rock type, ranged from 711 ppm to 13,651 ppm with an average of 3,661 ppm. On average, magnet rare earth oxides1 (MREO) account for approximately 28% of the total rare earth content (1,023 ppm), while heavy rare earth oxides2 (HREO) represent around 13% (464 ppm). A total of 15 samples exceeded 4,500 ppm TREO, indicating areas of elevated-grade material within the system. These results further highlight the southern portion of Red Mountain as hosting some of the highest-grade material observed to date for the CSM area. The channel sampling data is currently being incorporated into an updated geological model and mineral resource estimate for the CSM area. This model will assist mine planning and support the Pre-Feasibility Study, which remains on track for completion in late 2025. Chris Gibbs, Chief Executive Officer, said: 'Halleck Creek is shaping up to be the next major rare earths project in the United States. With the high-value core four magnet rare earths including neodymium, praseodymium, dysprosium and terbium consistently present across the Cowboy State Mine, we are advancing one of the few U.S. projects capable of supplying these critical materials at scale. What's especially encouraging is the continued confirmation of these core four rare earths across the sampled area. In particular, terbium and dysprosium are vital for high-temperature magnet performance and remain in extremely limited supply outside of China. Based on our Scoping Study, they are expected to contribute over 25 percent of project revenues, despite representing a small percentage of overall tonnage. Importantly, we don't need federal permitting reform to move forward. Being located on state lands in Wyoming gives us a clear and streamlined path to development. With China's recent export bans on terbium and dysprosium, the national importance of Halleck Creek as a secure domestic source has never been clearer. As outlined in our Updated Scoping Study3, a staged development could see first production as early as 2029. With its scale, simplicity and multi-generational resource potential, Halleck Creek has the attributes to become one of America's most significant rare earths projects.' Detailed announcement with JORC Table and technical report can be found here. This release was authorized by the Chairman of American Rare Earths. About American Rare Earths Limited: American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) is a critical minerals company at the forefront of reshaping the U.S. rare earths industry. Through its wholly owned subsidiary, Wyoming Rare (USA) Inc. ('WRI'), the company is advancing the Halleck Creek Project in Wyoming—a world-class rare earth deposit with the potential to secure America's critical mineral independence for generations. Located on Wyoming State land, the Cowboy State Mine within Halleck Creek offers cost-efficient open-pit mining methods and benefits from streamlined permitting processes in this mining-friendly state. With plans for onsite mineral processing and separation facilities, Halleck Creek is strategically positioned to reduce U.S. reliance on imports—predominantly from China—while meeting the growing demand for rare earth elements essential to defense, advanced technologies, and economic security. As exploration progresses, the project's untapped potential on both State and Federal lands further reinforces its significance as a cornerstone of U.S. supply chain security. In addition to its resource potential, American Rare Earths is committed to environmentally responsible mining practices and continues to collaborate with U.S. Government-supported R&D programs to develop innovative extraction and processing technologies for rare earth elements. Investors can follow the Company's progress at For further information contact: A photo accompanying this announcement is available at 1 MREO = Pr6O11, Nd2O3, Tb4O7, and Dy2O3 2 HREO = Y2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, and Lu2O3 3 ASX Announcement 7 March 2025
Yahoo
10-04-2025
- Business
- Yahoo
ASX Penny Stocks Spotlight: American Rare Earths And 2 Other Promising Picks
As Australian shares experience a significant upswing, with the market opening as much as 6.7% higher today, investors are keenly watching for opportunities amidst fluctuating economic conditions. Despite the vintage connotations of "penny stocks," these investments continue to attract attention for their potential value and growth prospects. By focusing on companies with strong financials and clear growth paths, investors can uncover promising opportunities among smaller or newer firms. Name Share Price Market Cap Financial Health Rating CTI Logistics (ASX:CLX) A$1.57 A$122.48M ★★★★☆☆ MotorCycle Holdings (ASX:MTO) A$2.02 A$149.09M ★★★★★★ Accent Group (ASX:AX1) A$1.69 A$956.54M ★★★★☆☆ EZZ Life Science Holdings (ASX:EZZ) A$1.29 A$60.85M ★★★★★★ IVE Group (ASX:IGL) A$2.29 A$353.79M ★★★★★☆ GTN (ASX:GTN) A$0.57 A$109.85M ★★★★★★ Bisalloy Steel Group (ASX:BIS) A$3.05 A$144.72M ★★★★★★ Southern Cross Electrical Engineering (ASX:SXE) A$1.58 A$417.55M ★★★★★★ NRW Holdings (ASX:NWH) A$2.31 A$1.06B ★★★★★☆ LaserBond (ASX:LBL) A$0.335 A$39.31M ★★★★★★ Click here to see the full list of 984 stocks from our ASX Penny Stocks screener. Let's review some notable picks from our screened stocks. Simply Wall St Financial Health Rating: ★★★★★★ Overview: American Rare Earths Limited focuses on the exploration and development of mineral resources in Australia and the United States, with a market cap of A$137 million. Operations: American Rare Earths Limited does not report specific revenue segments. Market Cap: A$137M American Rare Earths Limited, with a market cap of A$137 million, is pre-revenue and focuses on mineral exploration in Australia and the U.S. The company recently announced significant progress at its Halleck Creek Project in Wyoming, which now boasts a JORC-compliant resource of 2.63 billion tonnes. This positions it as one of the largest rare earth deposits in North America. Despite being debt-free and having sufficient cash runway for over a year, ARR remains unprofitable with increasing losses over five years. Ongoing metallurgical tests aim to optimize processing efficiency at Halleck Creek, enhancing its strategic potential. Get an in-depth perspective on American Rare Earths' performance by reading our balance sheet health report here. Review our historical performance report to gain insights into American Rare Earths' track record. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Atlas Pearls Limited is engaged in the production and sale of South Sea pearls in Australia and Indonesia, with a market capitalization of A$58.82 million. Operations: The company's revenue is derived from the sale of loose pearls, generating A$30.03 million in Australia and A$27.74 million in Indonesia. Market Cap: A$58.82M Atlas Pearls Limited, with a market cap of A$58.82 million, is engaged in the production and sale of South Sea pearls across Australia and Indonesia. Despite recent negative earnings growth, the company maintains strong financials with short-term assets exceeding both short and long-term liabilities. The management team is experienced, averaging 12.3 years in tenure. Although its dividend yield appears high at 19.33%, it isn't well covered by free cash flows, raising questions about sustainability. Atlas's debt levels are low and well-covered by cash flow, while its price-to-earnings ratio suggests it may be undervalued relative to the broader Australian market. Navigate through the intricacies of Atlas Pearls with our comprehensive balance sheet health report here. Learn about Atlas Pearls' historical performance here. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Myeco Group Ltd, along with its subsidiaries, focuses on the development, manufacturing, and sale of sustainable packaging materials across Oceanic regions, Asia, the United States, Europe, and Africa with a market cap of A$11.34 million. Operations: The company generates revenue of A$15.97 million from its segments involving polyethylene films and renewable resource-based resins and finished products. Market Cap: A$11.34M Myeco Group Ltd, with a market cap of A$11.34 million, focuses on sustainable packaging materials and reported half-year sales of A$7.72 million, up from A$6.19 million the previous year. Despite this growth in sales, the company remains unprofitable with a net loss of A$2.68 million for the same period. The firm is undertaking strategic repositioning and operational restructuring to reduce costs and enhance production flexibility through partnerships aligned with anticipated sales growth. Myeco's short-term assets exceed liabilities, providing some financial stability despite its high volatility and negative return on equity at -78.97%. Dive into the specifics of Myeco Group here with our thorough balance sheet health report. Understand Myeco Group's track record by examining our performance history report. Gain an insight into the universe of 984 ASX Penny Stocks by clicking here. Curious About Other Options? AI is about to change healthcare. These 26 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:ARR ASX:ATP and ASX:MCO. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
