Change language:
The company will now expand the allocation of a wholly-owned subsidiary, Wyoming Rare (USA) Inc. (WRI), with its own capital allocation and funding sources.
The move aims to attract American investors and associations, thus expanding the scope of the project.
WRI will continue to work at the Cowboy State Mine, which is part of Halleck Creek Wyoming State Tenements.
Thanks to a recent grant from the Wyoming State Energy Fund and a transparent authorization process, WRI is well placed to move forward on one of the largest rare earth deposits in North America.
The assignment has exploration potential, with less than 75% of the mineralized zones drilled and the deposit remains open at depth.
Your email will arrive shortly
The WRI leadership team will be led by Sten Gustafson, Vice Chairman of the US Rare Earth Board of Directors, as Chairman.
Joe Evers, ARR’s general counsel, will serve as WRI’s president, while John Mansanti will advise on the progress of the Cowboy State mine.
ARR will continue its exploration activities in Australia and the Americas, focusing on critical minerals.
Chris Gibbs will assume the role of ARR’s chief executive officer. Donald Swartz, ARR’s current CEO, will take on an advisory role for the next 90 days for the new leadership.
ARR President Richard Hudson said, “The Halleck Creek allocation is critical to the state of Wyoming and we are committed to delivering for our stakeholders through committed progression and strategic partnerships.
“The adjustments we have learned will realize the full price of Halleck Creek as a strategic allocation for North America, while ensuring that ARR will continue its successful exploration activities in pursuit of our vision of being a leading player in the critical minerals sector. . »
Check out all the newsletters of the GlobalData Media network.