[Breaking News: American Rare Earth Extracts Rare Earth Concentrates from Halleck Creek Project] According to foreign media reports, American Rare Earth recently made significant progress at its Halleck Creek project in southeastern Wyoming. The company successfully extracted light and heavy rare earth oxide concentrates from the ore for the first time, which will be used by relevant defense department agencies.
It is reported that these concentrates were obtained through the fine extraction of 840 kg of ore collected from 36 drill holes in the project. After sampling and analysis by an authoritative research institution, the results showed that the content of rare earth oxides in the light rare earth concentrate reached as high as 96.4%, while the grade of the heavy rare earth oxide concentrate was even higher, reaching 97.1%. These high-grade oxides are key raw materials for the production of permanent magnetic materials.
In a press release, interim CEO Joe Evers stated that these third-party verified results were of great significance, fully demonstrating the capability of the Halleck Creek deposit, with allanite as the primary ore mineral, to produce both light and heavy rare earth oxides. This important achievement not only highlighted the company's strength in the field of rare earth mining but also laid a solid foundation for the future development and application of rare earth resources.