Exploration Drilling Planned For The Hillock Creek Project

DENVER, CO - American Rare Earths Ltd. reported on project milestones and the upcoming exploration drilling at the Halleck Creek Project. Under the DARPA Environmental Microbes as a BioEngineering Resource (EMBER) program, Phase II was recently awarded additionalfunding for continued studies. This is noteworthy as prior work from this research has been utilized in the current processing flowsheet, using gravity separation techniques developed in the research, and the R&D continues to utilise Halleck Creek ore.

Donald Swartz, CEO, said, “I am pleased to announce our continued project execution to de-risk the project. At the time of our institutional placement in February, we outlined the use of proceeds to accelerate development to include additional drilling, metallurgical testwork, project studies, and permitting. As we enter the 2025 fiscal year, we do so ahead of schedule. Through the Company’s involvement in the DARPA initiative, our flowsheet has improved, and I’m excited about the future. The planned drilling will allow ARR to upgrade our resource estimates and provide data for advancing studies in FY2025. The mineral processing and leaching testwork is designed to refine our current flowsheets. The preliminary baseline environmental studies are the first steps towards responsible mine development at the Cowboy State Mine.”