American Rare Earths Announces New US Headquarters
12 Settembre 2023 - 3:04PM
American Rare Earths (ASX: ARR | ADRs - OTCQX: AMRRY | Common
Shares - OTCQB: ARRNF | FSE:1BHA) (ARR or the Company) is pleased
to announce the opening of its new US headquarters at 1658 Cole
Blvd, Suite G30, Lakewood, CO, 80401.
To further build its American presence, ARR
recently opened this new US headquarters
in the Denver area. This location will give the
company proximity to its flagship operation in Halleck Creek,
Wyoming. The new US executive management team
including Donald S. Swartz II, CEO, Jose Rico, CFO, and
Dwight Kinnes, CTO will be based at this
location.
Mr. Swartz has over 20 years of leadership
experience in the domestic and international resource sector and is
a highly skilled mining executive. Before joining American
Rare Earths, he was with Vista Energy Holdings, which developed two
mining projects, both now fully operational in Alberta and Nova
Scotia, Canada.
Mr. Rico has over 22 years of corporate finance
and accounting experience across both US domestic and international
operations. Prior to joining American Rare Earths, he was Global
Head of Management Company Finance at Resource Capital Funds.
Mr. Kinnes has over 35 years’ experience as a
technical geologist, working on mining projects across the US and
around the world.
Also, as part of building its American presence,
ARR added three new highly skilled American professionals to its
Board: Kenneth H. Traub, John G. Mansanti and Paul Zink. Mr. Zink
who lives in the Denver area is a Professor of Practice at the
Colorado School of Mines.
“The Denver area is a dynamic mining market
and we will have access to its talent as we build out our flagship
operation,” says Donald S. Swartz, CEO.
About American Rare Earths
Limited:
American Rare Earths (ASX: ARR | ADRs - OTCQX:
AMRRY | Common Shares - OTCQB: ARRNF| FSE:1BHA) is committed to
becoming a top supplier of critical minerals. The company is a
leading explorer of rare earth projects, with a strong focus on
developing sustainable and cost-effective extraction and processing
methods. To meet the rapidly increasing demand for resources
essential to the clean energy transition and US national security,
American Rare Earths is engaged in advanced study and continued
exploration of its 100% owned rare earth element projects rich in
the magnet elements of neodymium and praseodymium at Halleck Creek
in Albany County, Wyoming and La Paz, Arizona. Both projects have
the potential to be among North America’s largest rare earth
deposits. The Halleck Creek deposit was recently identified by
Mining.com as fifth in the world’s top rare earth projects. A
recently released maiden JORC Resource report for Halleck Creek
shows 1.43 billion tonnes of in-place TREO, 4.73 million tonnes
TREO containing approximately 1.05 million tonnes of the highly
desirable magnet metals neodymium and praseodymium. The Halleck
Creek deposit is located approximately 70km north-east of Laramie
encompassing portions of Albany and Platte Counties in Wyoming. The
Company continues to evaluate other exploration opportunities and
is collaborating with US Government-supported R&D to develop
efficient processing and separation techniques of rare earth
elements to help ensure a renewable future.
For media inquiries, please contact:
Susan Assadi, sassadi@americanree.com
347 977 7125
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/0afd41da-0d7f-4073-b1b2-b88128f0d322
https://www.globenewswire.com/NewsRoom/AttachmentNg/00a9a19b-c5c9-41bc-825b-839a4f4db3b9
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