Quarterly Activities/Appendix 5B Cash Flow Report
| Stock | American Rare EARTHS Ltd (ARR.ASX) |
|---|---|
| Release Time | 17 Oct 2025, 10:18 a.m. |
| Price Sensitive | Yes |
Quarterly Activities/Appendix 5B Cash Flow Report
- Major macroeconomic and geopolitical shifts reshaping the Western mine-to-magnet industry
- The Halleck Creek Rare Earths Project offers a long-term, strategic solution to securing America's rare earths supply
- Successful completion of impurity removal neutralisation test, de-risking the hydrometallurgical processing of Halleck Creek's allanite-based ore
American Rare Earths Limited (ASX: ARR) reports continued advancement at its flagship Halleck Creek Rare Earths Project in Wyoming for the quarter ending 30 September 2025. Key highlights include a successful impurity removal neutralisation test, which de-risks the hydrometallurgical processing of the project's allanite-based ore, and strong recoveries and low impurities shown in extensive leach testing. The company also completed test mining at the Cowboy State Mine and is progressing optimisation testing, permitting activities, and corporate initiatives. American Rare Earths has a robust cash position, with funding secured for planned activities over the next 18-24 months, including a A$15 million placement and the exercise of options. The company remains focused on continuing to develop and de-risk the Halleck Creek project, with the goal of becoming the United States' next producing rare earths mine to support the rapidly growing magnetics industry.
Based on the most recent technical study, Halleck Creek's initial base case production could fulfil upwards of 57% of the light rare earths (i.e. Neodymium-Praseodymium) and 30% of the critical heavy rare earths (i.e Dysprosium and Terbium) feedstock necessary to supply the Independence Magnetics facility for generations.
In the December 2025 quarter, American Rare Earths will focus on integrating results from ongoing optimisation testwork into the Halleck Creek Pre-Feasibility Study and beneficiation demonstration-plant design. Environmental and permitting activities will also continue, including completion of the groundwater model and submission preparations for the Wyoming Department of Environmental Quality permit-to-mine application.