American Rare Earths Receives First Reimbursement from Wyoming Grant

Highlights:

First reimbursement of over US$304,0001 (A$450,000) received from the Wyoming Energy Authority grant.

Marks significant progress in the development of the Cowboy State Mine at Halleck Creek.

Reimbursement supports ongoing initiatives including exploration drilling, environmental studies, and prefeasibility assessments.

DENVER, Oct. 22, 2024 (GLOBE NEWSWIRE) -- American Rare Earths ((ASX: ARR, OTCQX:ARRNF, OTC:AMRRY) is pleased to announce that it has received its first reimbursement from the Wyoming Energy Authority (WEA) grant, totalling just over US$304,000 (A$450,000). This milestone highlights the progress of our Cowboy State Mine at Halleck Creek.

Following the successful approval of our grant proposal on June 27, 2024, for US$7.1 million (A$10.7 ...