Cowboy State Mine Area Drilling Has Begun

DENVER, CO - American Rare Earths has begun the drilling campaign at the Cowboy State Mine (CSM) area. This first stage of in-fill drilling will allow ARR to upgrade resource estimates at CSM while providing key data for pit design, environmental baseline studies and additional ore material for metallurgical test work. The 23-hole program contains 11 core holes and 12 reverse circulation (RC) holes with a planned meterage of approximately 2,670 meters.

ARR has again partnered with FTE Drilling who completed the previous 2023 campaign on-time and on-budget. The seasoned team members will strive to repeat this for 2024.

Donald Swartz, CEO, said, "We are excited to commence our 2024 drilling campaign at the Cowboy State Mine area. This phase of in-fill drilling is crucial for upgrading our resource estimates and gathering essential data for pit design and environmental studies. Our partnership with FTE Drilling, who has consistently delivered on-time and on-budget, gives us confidence that we will achieve our goals for this year."