Argyle Resources Corp. Announces Filing of 21 Mineral Lode Claims In Crook County, Wyoming
Rhea-AI Summary
Argyle Resources Corp. (OTCQB: ARLYF) has announced the filing of 21 mineral lode claims through its exploration partner Rangefront Mining Services with the U.S. Bureau of Land Management in Crook County, Wyoming. The claims, collectively named the Sundance Bear Lodge REE Project, are strategically located in the historic Bear Lodge Mining District.
The Bear Lodge Mining District has been active since 1875 and is known for various minerals including gold, rare earth elements (REEs), and other valuable minerals. Notably, the area hosts the Bear Lodge Critical Rare Earth Project owned by Rare Element Resources Ltd., which has received a non-binding LOI from EXIM for potential debt financing of up to $553 million.
The claims are currently under BLM application processing, with finalization expected within approximately six weeks.
Positive
- Strategic location in the historically productive Bear Lodge Mining District
- Proximity to Bear Lodge Critical Rare Earth Project, which has received potential $553M debt financing LOI
- Diversification of company's mineral asset portfolio in a region known for REEs
Negative
- Claims are still pending BLM approval
- Early-stage project with no resource estimates or proven reserves
- Will require significant exploration work to determine economic viability
News Market Reaction
On the day this news was published, ARLYF declined 3.69%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Calgary, Alberta--(Newsfile Corp. - July 3, 2025) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") is pleased to announce that its exploration partner, Rangefront Mining Services ("Rangefront"), has filed 21 mineral lode claims on the Company's behalf with the U.S. Bureau of Land Management ("BLM") in Crook County, near Sundance, Wyoming. The Company is naming these consolidated claim blocks, the Sundance Bear Lodge REE Project.
Figure 1: Property Location Map of the Sundance Bear Lodge REE Project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10451/257619_4cd5ff188476ab27_001full.jpg
The newly staked claims are strategically located in the Bear Lodge Mining District. The Bear Lodge Mining District, located in Crook County in northeast Wyoming, has been an active mining region since the discovery of gold in 1875 near Warren Peak. Exploration activity in the district has historically targeted gold, rare earth elements (REEs), barium, copper, lead, zinc, manganese, niobium, tantalum, thorium, fluorine, and phosphate1.
Most notably within the Bear Lodge Mining District, is the Bear Lodge Critical Rare Earth Project owned by Rare Element Resources Ltd. The Bear Lodge Critical Rare Earth Project has a 2024 Resource Estimate with economic grades and tonnage and plans to proceed with mine development. Rare Element Resources Ltd. has also received a non-binding LOI from the Export-Import Bank of the United States ("EXIM") for debt financing for the Bear Lodge Project for up to
Figure 2: Property Location Map Showing Active Mining Claims
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10451/257619_4cd5ff188476ab27_002full.jpg
The 21 lode claims have been submitted to the BLM for application processing, with finalization expected within approximately six weeks. Argyle and Rangefront will continue to evaluate the potential of the claims and explore opportunities to advance the project in alignment with the Company's strategic growth initiatives.
"We are excited about the acquisition of these new claims, which add to our expanding portfolio of mineral assets," said Jeff Stevens, CEO of Argyle Resources Corp. "The historical mining activity in the region, coupled with our technical team's expertise, presents a strong opportunity to unlock value from these properties."
The Company will provide further updates as the permitting process advances and as exploration activities commence on the claims.
George Yordanov, P.Geo., Director, reviewed and approved the scientific and technical information disclosed in this press release, acting as the Company's Qualified Person as defined by National Instrument 43-101.
About Rangefront Mining Services
Rangefront Mining Services is a leading provider of geological and exploration services, specializing in claim staking, permitting, and mineral assessment to support mining companies in advancing their projects.
About Argyle Resources Corp.
Argyle Resources Corp. is a junior mineral exploration company engaged in acquiring, exploring, staking, and evaluating natural resource properties in North America. The Company holds
ON BEHALF OF THE BOARD OF DIRECTORS
'Jeffrey Stevens'
President & CEO
For all other inquiries:
Email: info@argylresourcescorp.com
Phone: (825) 724-0033
Website: www.argyleresourcescorp.com
Forward-Looking Statements
All statements included in this press release that address activities, events or developments that Argyle expects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements may involve, but are not limited to, statements with respect to the exploration and development of the Company's mineral properties and the use of proceeds from the Offering. These forward-looking statements involve numerous assumptions made by Argyle based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond Argyle's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, Argyle does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.
Neither the Canadian Securities Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this news release.
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1 https://main.wsgs.wyo.gov/mineral-resources/metals/mining-districts/bear-lodge-mountains
2 https://www.rareelementresources.com/rare-element-resources-announces-exim-letter-of-interest-for-bear-lodge-project-funding/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257619
FAQ
What mineral claims did Argyle Resources (ARLYF) file in Wyoming?
Where are Argyle Resources' new mineral claims located?
When will Argyle Resources' BLM claims be finalized?
What minerals have been historically found in the Bear Lodge Mining District?
How much potential financing has been offered for the nearby Bear Lodge Critical Rare Earth Project?
