Strong financial backing for American Rare Earths

AMERICAN Rare Earths has attracted A$14 million from investors buying new shares priced at 29c each and keen on the company’s rare earth prospects in the US.

Strong financial backing for American Rare Earths Strong financial backing for American Rare Earths Strong financial backing for American Rare Earths Strong financial backing for American Rare Earths Strong financial backing for American Rare Earths

La Paz, Arizona, USA

The company's major shareholder Fidelity is putting in about $1.4 million to maintain its 9.9% equity stake, with other investors undisclosed.