Loading ...Catching up lost days.
This mine sounds good. Could supply rare earths for over a 100 years. I don’t think they’re going to day trade this one. I could see if demos getting in trying to cause trouble though.
Wyoming Rare USA is developing the Halleck Creek rare earths deposit in Wyoming, which has the potential to supply US domestic consumption of rare earths for over 100 years. It is a wholly owned subsidiary of American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY). With the recent announcement by China to ban exports of critical minerals to US, American Rare Earths’ Halleck Creek project is poised to transform the nation’s critical mineral supply chain. . Key project highlights include: • Two phased development approach: • 1) Cowboy State Mine (“CSM”), the initial development of the Halleck Creek project, has an estimated 20-year mine life. The CSM has the strategic advantage of being on Wyoming State Land, which typically allows miners to have a clear path to mine permits (2-3 years vs. +10 years for Federal mine permits); • 2) In parallel to operating the Cowboy State Mine, the Company will de-risk and develop the remaining portions of the Halleck Creek deposit on Federal land. Based on recent strategic and government, financial support, Wyoming Rare USA will have the time and the cashflow to do so. • Halleck Creek has a 2.34 billion tonne JORC Resource with 7.48 million tonnes of contained Total Rare Earth Oxides (TREO). The current resource has significant upside as only a minority portion of the deposit has been explored to date. • Received strong support from the State of Wyoming through a US$7.1M grant to help develop and de-risk the CSM • Wyoming Rare USA received a non-binding Letter of Interest from the Export-Import Bank of the United States (“EXIM”) for up to US$456M in a debt financing package for the construction and execution phase of the Cowboy State Mine area at the Halleck Creek Project. For more information on Halleck Creek please visit: https://americanrareearths.com.au/projects/halleck-creek-wy/