American Rare Earths Advances Halleck Creek Demonstration Plant With A$15M Placement
American Rare Earths (AMRRY) has secured A$15.0 million through a private placement at A$0.32 per share, representing an 18.8% discount to the 10-day VWAP. The placement received strong support from existing shareholders and institutional investors globally.
The funds will be strategically allocated to accelerate the development of the Halleck Creek Rare Earths Project in Wyoming, one of the largest rare earth deposits in the U.S. Specifically, the proceeds will fund a demonstration plant for the beneficiation process, in-fill drilling at the Cowboy State Mine, and engineering work.
American Rare Earths (AMRRY) ha raccolto 15,0 milioni di dollari australiani tramite un collocamento privato a 0,32 dollari australiani per azione, con uno sconto del 18,8% rispetto al VWAP a 10 giorni. Il collocamento ha ricevuto un forte sostegno da parte degli azionisti esistenti e degli investitori istituzionali a livello globale.
I fondi saranno strategicamente destinati ad accelerare lo sviluppo del Progetto Halleck Creek Rare Earths in Wyoming, uno dei più grandi giacimenti di terre rare negli Stati Uniti. In particolare, i proventi finanzieranno un impianto dimostrativo per il processo di arricchimento, perforazioni di riempimento nella miniera Cowboy State e lavori di ingegneria.
American Rare Earths (AMRRY) ha asegurado 15,0 millones de dólares australianos mediante una colocación privada a 0,32 dólares australianos por acción, lo que representa un descuento del 18,8% respecto al VWAP de 10 días. La colocación recibió un fuerte apoyo de accionistas existentes e inversores institucionales a nivel global.
Los fondos se asignarán estratégicamente para acelerar el desarrollo del Proyecto Halleck Creek Rare Earths en Wyoming, uno de los mayores depósitos de tierras raras en EE. UU. Específicamente, los ingresos financiarán una planta demostrativa para el proceso de beneficiación, perforaciones de relleno en la mina Cowboy State y trabajos de ingeniería.
American Rare Earths (AMRRY)는 주당 0.32 호주달러의 사모 발행을 통해 1,500만 호주달러를 확보했으며, 이는 10일 VWAP 대비 18.8% 할인된 가격입니다. 이번 사모 발행은 기존 주주와 전 세계 기관 투자자들의 강력한 지지를 받았습니다.
자금은 미국 내 최대 희토류 매장지 중 하나인 와이오밍의 할렉 크릭 희토류 프로젝트 개발 가속화에 전략적으로 사용될 예정입니다. 구체적으로, 수익금은 선광 공정용 시범 공장, 카우보이 스테이트 광산 내 보강 시추, 그리고 엔지니어링 작업에 투입됩니다.
American Rare Earths (AMRRY) a levé 15,0 millions de dollars australiens via un placement privé à 0,32 AUD par action, soit une décote de 18,8 % par rapport au VWAP sur 10 jours. Le placement a reçu un fort soutien des actionnaires existants et des investisseurs institutionnels à l'échelle mondiale.
Les fonds seront alloués stratégiquement pour accélérer le développement du projet Halleck Creek Rare Earths dans le Wyoming, l'un des plus grands gisements de terres rares aux États-Unis. Plus précisément, les recettes financeront une usine pilote pour le processus d'enrichissement, des forages de remplissage à la mine Cowboy State, ainsi que des travaux d'ingénierie.
American Rare Earths (AMRRY) hat durch eine Privatplatzierung 15,0 Millionen Australische Dollar zu einem Preis von 0,32 AUD pro Aktie eingesammelt, was einem Abschlag von 18,8 % gegenüber dem 10-Tage-VWAP entspricht. Die Platzierung erhielt starke Unterstützung von bestehenden Aktionären und institutionellen Investoren weltweit.
Die Mittel werden strategisch eingesetzt, um die Entwicklung des Halleck Creek Rare Earths Projekts in Wyoming zu beschleunigen, einem der größten Seltene-Erden-Vorkommen in den USA. Konkret werden die Erlöse für eine Demonstrationsanlage für den Aufbereitungsprozess, Nachbohrungen in der Cowboy State Mine und Ingenieurarbeiten verwendet.
- Successfully raised A$15.0 million through institutional private placement
- Strong support from existing shareholders and global institutional investors
- Funds secured for demonstration plant development and project advancement
- Strategic positioning to reduce U.S. reliance on foreign rare earth supply chains
- 18.8% share price discount to 10-day VWAP indicates dilution for existing shareholders
Highlights
- Firm commitments received via an institutional private placement to raise gross proceeds of A
$15.0 million at an issue price of A$0.32 per share - Strong support received from existing shareholders and institutional investors
- Funds raised to accelerate development of the Halleck Creek project, one of the largest rare earths deposit in the U.S.
- ARR to unlock its potential to meet the growing demand from the U.S. magnet industry
DENVER, July 24, 2025 (GLOBE NEWSWIRE) -- American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) (“ARR” or the “Company”) is pleased to announce that it has received firm commitments for a private placement of approximately 46.9 million new fully paid ordinary shares (“New Shares”) at an issue price of A
The Placement was supported by new and existing institutional, professional, and sophisticated investors from around the world.
ARR is advancing the Halleck Creek Rare Earths Project in Wyoming, U.S.A (“Halleck Creek”) – a world-class rare earth deposit which aims to reduce U.S. reliance on foreign supply chains of critical minerals. Proceeds from the Placement are being used to fund a demonstration plant, in-fill drilling and engineering works at Halleck Creek. Given the confidence in the project, the Company seized this strategic opportunity to secure the funds required for the next stage of project development beyond the Pre-Feasibility Study.
Placement
Placement shares will be issued at A
Shares allocated under the Placement will settle on Wednesday, 30 July 2025 and will rank equally with existing shares on issue. The Placement will be completed under the Company’s capacity pursuant to ASX Listing Rule 7.1.
Use of Funds
Proceeds from the Placement, together with existing cash, will be used to fund the continued development of Halleck Creek. Specifically, the funds will be used to:
- develop a demonstration plant at Halleck Creek for the beneficiation process;
- in-fill drilling at the Cowboy State Mine (“CSM”) for future studies outside of the Pre-Feasibility Study; and
- engineering work.
Not an offer in the United States
This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws.
Investors can follow the Company’s progress at www.americanree.com
About American Rare Earths Limited:
American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) is a critical minerals company at the forefront of reshaping the U.S. rare earths industry. Through its wholly owned subsidiary, Wyoming Rare (USA) Inc. (“WRI”), the company is advancing the Halleck Creek Project in Wyoming – a world-class rare earth deposit with the potential to secure America’s critical mineral independence for generations. Located on Wyoming State land, the Cowboy State Mine within Halleck Creek offers cost-efficient open-pit mining methods and benefits from streamlined permitting processes in this mining-friendly state.
With plans for onsite mineral processing and separation facilities, Halleck Creek is strategically positioned to reduce U.S. reliance on imports – predominantly from China – while meeting the growing demand for rare earth elements essential to defense, advanced technologies, and economic security. As exploration progresses, the project’s untapped potential on both State and Federal lands further reinforces its significance as a cornerstone of U.S. supply chain security. In addition to its resource potential, American Rare Earths is committed to environmentally responsible mining practices and continues to collaborate with U.S. Government-supported R&D programs to develop innovative extraction and processing technologies for rare earth elements.
Further information:
Susan Assadi
Media Relations US
sassadi@americanree.com
347 977 7125
Beverly Jedynak
Investor Relations US
Beverly.jedynak@viriathus.com
312 943 1123
FAQ
How much did American Rare Earths (AMRRY) raise in its latest private placement?
What will AMRRY use the placement proceeds for?
What is the significance of AMRRY's Halleck Creek project?
When will the new AMRRY placement shares settle?
What discount was applied to AMRRY's placement shares?
