(NewsDirect)
American Rare Earths CEO Donald Swartzjoined Steve Darling from Proactive to share news regarding thecompany's Beaver Creek rare earth project in Wyoming, which islocated north of their flagship Halleck Creek Project.
Swartz revealed that the company hasreceived the final assay results from ALS Global, and they confirm thepresence of substantial Total Rare Earth Oxide (TREO) grades rangingfrom 5.8% to 13.9%. Additionally, the assays for valuable magneticrare earths, specifically neodymium and praseodymium, were found to bewithin the range of 1% to 2.2%.
These results underscore the significant potential of the BeaverCreek project and the valuable rare earth elements it contains.Importantly, the deposit at Beaver Creek remains open at depth, andhistorical reports suggest that the rare earth mineralization extendsfor a considerable distance, possibly up to 457 meters.
American Rare Earths is now in the processof planning and executing further fieldwork to define JORC ExplorationTargets. This step will help delineate the full extent of the resourceand its economic viability.
American Rare Earths'commitment to exploring and harnessing rare earth resources in theUnited States is not only strategically important but also reflectsthe growing demand for these critical elements in various industries,including renewable energy, electronics, and defense. The Beaver Creekproject represents a significant step forward in the company'smission to contribute to the domestic supply chain of rare earths,reducing reliance on foreign sources.
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