American Rare Earths said a grant proposal submitted to advance the Cowboy State Mine at Halleck Creek has been approved by the state of Wyoming. The company will receive up to A$10.7 million (or US$7.1 million) in non-dilutive funding through a three-year agreement. “We are thrilled to receive this support from the state of Wyoming and the [Wyoming Energy Authority],…
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American Rare Earths raises capital for Halleck Creek
American Rare Earths has received firm commitments via an institutional placement to raise gross proceeds of A$13.5 million at an issue price of $0.30 per share for the development of its Halleck Creek rare earths project in Wyoming. The company said the placement, together with existing cash, will be used for mineral resource and extensional drilling, a prefeasibility study, metallurgical…
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