American Rare Earths' Chris Gibbs on Accelerating the Halleck Creek Critical Minerals Project in WY

In a recent interview with Investor.News host Tracy Hughes, Chris Gibbs, CEO and Executive Director of American Rare Earths Limited (ASX: ARR | OTCQX: ARRNF), provided a comprehensive update on the company’s progress at the Halleck Creek Project in Wyoming. American Rare Earths is focused on advancing Halleck Creek, a major rare earth deposit in the U.S., which Gibbs describes as “the largest rare earths deposit in the heart of the United States.” With a JORC resource estimate of 2.34 billion tonnes, Halleck Creek has shown substantial rare earth mineralization from surface to a depth of 300 meters. Reflecting on the critical nature of this project, Gibbs noted, “The U.S. government is desperately seeking to have these [rare earths] processed domestically,” emphasizing the strategic importance of developing a secure and sustainable rare earth supply chain within the country. Gibbs highlighted recent support from the Wyoming government, which has committed over $10 million in funding for the project, allowing American Rare Earths to claim reimbursement of $0.50 for every dollar spent on development. This backing underscores Wyoming’s commitment to revitalizing its mining sector amid a decline in coal. “We have outstanding support from the Wyoming government,” Gibbs remarked, noting the significance of Wyoming’s designation as a top mining jurisdiction. American Rare Earths also received a non-binding Letter of Interest from the U.S. Export-Import (EXIM) Bank, indicating potential funding of up to $456 million under EXIM’s Make More in America Initiative. This support, according to Gibbs, is a vital step in advancing Halleck Creek and building a domestic rare earth supply chain. With the completion of recent drilling at the Cowboy State Mine within the Halleck Creek district, the company is now preparing for a pre-feasibility study (PFS) to further define project economics and develop mine plans. As Gibbs shared, the project’s location on state lands enables a fast-tracked permitting timeline of under two years, an advantage critical for accelerating production to meet the urgent demand for rare earths in the U.S.