ARR - American Rare Earths

Garpal Gumnut said:

I must admit, whenever I think of Morningstar it reminds me of someone I met with my first girlfriend.

We were young and went to the Show. There was a tent wherein sat a very old lady with dyed pitch black coloured hair. She smelt of gin, stale cigarettes and cheap cologne. She assured us she could tell the future.

She was wrong.

Nonetheless at the time we believed her as many would with ARR presently.

I actually feel it will either tank or go much, much higher than $0.53

I do wish I could get a position with Morningstar. I'd even dye my hair, splash on some Brut and take up the ciggies and gin again to do so.

gg

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Craton said:

My take exactly, posted for the giggles but also oh my, what a pretty chart! I've always liked sky rockets. Sadly though, these have the tendency to fall to earth.

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Potential investors were told ARR was the only ASX-listed exposure to US rare earths projects, and the company would use the proceeds for expansion drilling, feasibility studies and to expand the claim area.

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17 August 2022

Placement to Support North American Rare Earths Growth Strategy
Highlights
• Placement to global institutional, professional, and sophisticated investors to raise A$14.0 million.
• Strong demand from a number of high-quality domestic and offshore institutions, providing a strong
endorsement of American Rare Earths’ North American growth strategy.
• Proceeds raised to advance resource definition and expansion drilling at the Halleck Creek and La Paz
Rare Earths Projects, metallurgical test work, economic assessments, and feasibility studies.
• Placement provides American Rare Earths with a balance sheet that is well capitalised to accelerate
exploration activities at its emerging North American rare earths projects, fast tracking development
as the company seeks to securely supply Critical Minerals to the North American supply chain.
American Rare Earths Limited (“American Rare Earths” or the “Company”) (ASX: ARR; OTCQB: ARRNF; FSE:
1BHA) is pleased to announce that it has received firm commitments for a single tranche placement of
approximately 48.3 million new fully paid ordinary shares (“New Shares”) at an issue price of A$0.29 to raise
A$14.0 million (“Placement”).
The Placement was supported by new and existing institutional, professional, and sophisticated
investors, both domestically and offshore, providing a strong endorsement of American Rare Earths
strategy and vision to develop a portfolio of large-scale rare-earth projects at the Halleck Creek Rare Earths
Project (“Halleck Creek”) in Wyoming, USA and the La Paz Rare Earths Project (“La Paz”) in Arizona, USA
(together, the “North American Projects”).
American Rare Earths Managing Director, Chris Gibbs, says:
"Our vision is to build the next major Rare Earth and Critical Minerals Company and play a key role securing
supply for the United States of America. The completion of the capital raise provides American Rare Earths
with the balance sheet to accelerate exploration efforts at the Company’s North American Projects as it looks
to update existing Exploration Targets and define a high tonnage maiden JORC Resource at Halleck Creek.”
"We are delighted the Company’s major shareholder Fidelity International chose to again participate in the
offering to maintain their 9.9% holding."

Placement
Placement shares will be issued at $0.29 per share. The Placement price represents a 18.3% discount to the
last trading price of $0.355 prior to the Placement, a 20.7% discount to the 5-day VWAP and a 9.2% discount
to the 10-day VWAP.
Shares allocated under the Placement will settle on 24 August 2022 and will rank equally with existing
shares on issue. Subject to shareholder approval 6,000,000 Options issued at an exercise price of $0.435,
expiring 3 years after date of issue will be issued to the Lead Manager.
Canaccord Genuity (Australia) Limited acted as sole Lead Manager to the Placement. The Placement will
be completed under the Company's capacity pursuant to ASX Listing Rules 7.1 and 7.1A.
Use of Funds

Funds raised under the Placement will be used to accelerate development at the Company’s North
American Rare Earth projects, La Paz and Halleck Creek. Both these projects have the potential to be two of
the largest Rare Earth deposits in North America.
The Company recently released results from the maiden drilling campaign at Halleck Creek. Based on
these outstanding results it appears the existing exploration target for the Halleck Creek project is
significantly underestimated. The Company is working to upgrade the current exploration target for the
project and looks forward to providing a market update in the near term.
Drilling permits have been submitted with the Wyoming Department of Environmental Quality for the
Halleck Creek Project. This drill campaign will be conducted imminently, with the intention to define a
significant JORC resource.
Metallurgical test work by Nagrom Laboratories in Perth, under the guidance of Rare Earth Elements
(REE) metallurgy expertise from Wood Australia will be undertaken on Halleck Creek ore. Contracts have
been issued and this work commences imminently.
Specific to advancing the La Paz project, the initial metallurgical test work by Nagrom Laboratories in
Perth, under the guidance of Rare Earth Elements (REE) metallurgy expertise from Wood Australia, will
soon be finalised.

Permitting applications are currently being prepared for La Paz to allow further drilling in the Southwest
area of the project. Recent drilling results confirm potential for a significant resource expansion at La Paz.
Ongoing Business development activities in the USA to identify and secure further Rare Earth
projects, complimentary to current projects is being undertaken.
Following the success of this Placement, the Company’s strong balance sheet provides it with a long
runway to pursue organic growth opportunities over the medium term as the Company moves closer to
development.
This market announcement has been authorised for release to the market by the Board of American
Rare Earths Limited.
Chris Gibbs
CEO & Managing Director

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rcw1 said:

Good morning
Hmmmm resistance broke down this morning (24/11/22), took an announcement concerning Helleck Creek drilling to push it over though.
Nice. 9.76% gain in SP at the moment.

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• 75% complete. With 12,381 feet drilled;
• Geological data continues to show significant rare earth mineralisation;
• Drill program due to complete early December 2022; and
• Maiden JORC Resource expected in first quarter of 2023

• Minerology tests show rare earth host mineral at Halleck Creek can be easily liberated (Always very nice to know this);
• Host mineral Allanite contains approximately 90% of total rare earths present;
• Simplicity of Allanite liberation allows for higher recovery and ability to upgrade rare earth elements at lower costs; and
• This could be a game changer for American Rare Earths as testing indicates the rare earth elements host material can be recovered using simple separation technology ... potential for Halleck Creek to be a key strategic project within the USA, helping to onshore supply of these critical rare earths.

rcw1 said:

ARR another opportunity to excel this time in the January 2023 competition.

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