American Rare Earths Announces Breakthrough Metallurgical Results
22 Enero 2024 - 8:03AM
American Rare Earths (ASX: ARR | ADRs - OTCQX: AMRRY | Common
Shares - OTCQB: ARRNF)
(“ARR” or the “Company”) is
pleased to announce breakthrough metallurgical results as part of
the SynBREE project, a consortium led by Lawrence Livermore
National Laboratory (LLNL) as part of a program funded by the
Environmental Microbes as a BioEngineering Resource (EMBER) program
within Defense Advanced Research Projects Agency (“DARPA”), a U.S.
Department of Defense (DoD) agency.
Under the leadership of Yongqin Jiao, Ph.D. and Dan Park, Ph.D.
at LLNL, consortium member Rick Honaker, Ph.D. at the University of
Kentucky (UK) performed preconcentrating testwork for the project.
Preconcentrating is a crucial step in the processing of critical
minerals, like rare earth elements, as it is a physical process
that separates the barren gangue material and the more valuable
ore. Furthermore, the SynBREE project has been selected to advance
to the next phase.
CEO Donald Swartz commented on the results:
“The program set out to fill a critical DoD supply chain gap,
and these results help to ensure that the U.S. maintains its
technological edge. We are now focused on implementing these
improvements into our flowsheet and scoping study. I am excited
with the upside potential, as the team utilized ore specifically
low in radionuclides from early exploration work at the project.
Since that time, we have completed new exploration programs and
developed mining plans in near-zero strip ratio ore that is
approximately 55% higher grade than what was utilized in this work
program. This is a continuation of our work to de-risk the Halleck
Creek project, which is free of the sovereign risks associated with
projects identified in Latin American, SE Asia and Africa.”
“Halleck Creek is stacking up to become a world class project
which has the strategic scale and potential to secure a stable,
domestic supply of rare earths for the U.S. for many decades.”
Dr. Yongqin Jiao, of LLNL commented on the
results:
"Our protein-based rare earth separation technologies
continue to be advanced and are greatly enhanced by this
conventional beneficiation technique that will improve the economic
viability. Removal of the gangue materials at the solid
state enhances the concentration of the rare earth
elements, creating an optimal solution feed for
downstream bio-separation. The recent
findings by our collaborator Prof. Honaker at
University of Kentucky, showcasing low-cost density
separation coupled with magnetic separation of allanite, have
a substantial impact on our overall
process efficacy and economic
feasibility. These findings contribute significantly
to refining our approach and enhancing the efficiency of the rare
earth element extraction process.”
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/247633ca-36be-4ca3-8492-d01787d76015
Full technical summary and JORC Report can be
found here.
Competent Persons Statement: The information in
this document is based on information compiled by personnel under
the direction of Mr. Dwight Kinnes who is Chief Technical Officer
of American Rare Earths and is managing ARR’s contribution to the
SynBREE project. This work was reviewed and approved for release by
Mr. Kinnes (Society of Mining Engineers #4063295RM) who is employed
by American Rare Earths and has sufficient experience which is
relevant to the style of mineralisation and type of deposit under
consideration and to the activity which he is undertaking to
qualify as a Competent Person as defined in the 2012 JORC Code. Mr.
Kinnes consents to the inclusion in the report of the matters based
upon the information in the form and context in which it
appears.
This work was reviewed and approved for release by Mr Kelton
Smith (Society of Mining Engineers #4227309RM) who is employed by
Tetra Tech and has sufficient experience which is relevant to the
metallurgical testing and type of deposit under consideration and
to the activity which he is undertaking to qualify as a Competent
Person as defined in the 2012 JORC Code. Mr Smith consents to the
inclusion in the report of the matters based upon the information
in the form and context in which it appears.
About SynBREE:The SynREE
project is a consortium of leading research institutions and ARR.
Led by LLNL, collaborating institutions include Penn State
University, University of Illinois, Columbia University, Tufts
University, University of Kentucky, Purdue University, and American
Rare Earths. The consortium draws on a wealth of rare earths
experience in processing, separation, purification, and economic
analysis. DARPA’s EMBER program has provided the funding to
activate world-class talent and labs as they seek to scale game
changing technology.
About American Rare Earths
Limited: American Rare Earths (ASX: ARR | ADRs - OTCQX:
AMRRY | Common Shares - OTCQB: ARRNF) owns the Halleck Creek, WY
and La Paz, AZ rare earth deposits which have the potential to
become the largest and most sustainable rare earth projects in
North America. American Rare Earths is developing environmentally
friendly and cost-effective extraction and processing methods to
meet the rapidly increasing demand for resources essential to the
clean energy transition and US national security. The Company
continues to evaluate other exploration opportunities and is
collaborating with US Government-supported R&D to develop
efficient processing and separation techniques of rare earth
elements to help ensure a renewable future.
Head OfficeAmerican Rare Earths
Ltd1658 Cole Blvd, Suite G30Lakewood, CO,
80401info@americanrareearths.com.auamericanrareearths.com.au
For additional information:
Susan Assadi Media
Relations USsassadi@americanree.com347 977 7125
Beverly Jedynak Investor Relations
USBeverly.jedynak@viriathus.com312 943 1123
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