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American Rare Earths Advances Halleck Creek Demonstration Plant With A$15M Placement

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, (ASX: ARR | OTCQX:ARRNF | ADR: AMRRY), (ASX: ARR | OTCQX: ARRNF | OTC: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$0.32 per share to raise A$15.0 million ("Placement").

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 ...