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American Rare Earths ( (AU:ARR) ) just unveiled an announcement.
American Rare Earths has achieved a significant breakthrough in the processing of allanite-based rare earth elements by successfully completing impurity removal tests on Halleck Creek ore. This advancement minimizes the formation of problematic by-products like gypsum and silica gel, which historically posed technical and economic challenges. The successful removal of impurities such as iron, aluminum, and silica from leachate solutions marks a major milestone in the company’s mineral processing program, potentially reducing operational costs and enhancing the efficiency of rare earths extraction. This development is expected to play a crucial role in the upcoming Pre-Feasibility Study, positioning the company favorably in the rare earths market.
More about American Rare Earths
American Rare Earths is a company operating in the rare earth elements industry, focusing on the extraction and processing of rare earths from allanite-based ores. The company is engaged in developing efficient processing techniques to enhance the yield and reduce the costs associated with rare earths extraction, with a significant focus on the Halleck Creek ore.
YTD Price Performance: 88.68%
Average Trading Volume: 2,599,907
Technical Sentiment Signal: Buy
Current Market Cap: A$281.3M
See more data about ARR stock on TipRanks’ Stock Analysis page.