American Rare Earths Reports High-Grade Assay Results from Wyoming Project — American Rare Earths Limited

Event summary

Initial assay results from six drill holes at the Cowboy State Mine show an average grade of 3,497 ppm TREO, with a maximum of 9,084 ppm TREO over 3.02 meters.
93% of the 386 reported assay intervals exceed the 1,000 ppm TREO resource cut-off grade.
The drilling program comprises 18 holes totaling approximately 2,877 meters of HQ core.
Results from the remaining 12 drill holes are pending and expected in the coming weeks.

The big picture

The strong initial assay results from the Halleck Creek Rare Earths Project reinforce the potential of the Cowboy State Mine as a significant source of rare earth oxides. The project is strategically important given the growing demand for these critical minerals in defense, energy transition, and advanced manufacturing sectors. The continuity of high-grade mineralization supports the feasibility of an open-pit mining approach, which could enhance the project's economic viability.

What we're watching

Resource Expansion: Whether the remaining drill results will confirm the continuity and grade of mineralization across the entire project area.
Feasibility Study Progress: How the new data will impact the ongoing feasibility study and potential mine planning.
Market Dynamics: The pace at which American Rare Earths can advance the Halleck Creek project towards production amid global demand for rare earth elements.