American Rare Earths pegs rare earths ground near Mountain Pass

AMERICAN Rare Earths has staked exploration ground in Nevada located about 35km from the US’s only operating rare earths mine, Mountain Pass.
American Rare Earths pegs rare earths ground near Mountain Pass American Rare Earths pegs rare earths ground near Mountain Pass American Rare Earths pegs rare earths ground near Mountain Pass American Rare Earths pegs rare earths ground near Mountain Pass American Rare Earths pegs rare earths ground near Mountain Pass

American Rare Earths has added to its Arizona rare earths portfolio with ground in Nevada, USA

The project consists of 80 contiguous unpatented lode mining claims totaling 1620 acres that were staked by ARE in early 2021 after a historical record of the area revealed that these mining claims, previously prospected for rare earths, were available for acquisition.

Initial sampling was reportedly encouraging, with the ASX-listed company now planning to systematicly surface sample and map, as well as undertake a high-resolution aerial imagery and LiDAR surveying.

ARE, which used to called Broken Hill Prospecting, has been in the US rare earths space since 2019, with most of its focus on the La Paz project in Arizona.

Its first drilling at La Paz began earlier this year.

ARE started the current quarter with A$4.6 million cash.

The company has been led since last November by "experienced corporate adviser" Keith Middleton.

Shares in ARE were trading at 6.9c this week, capitalising the company at $23 million.