American Rare Earths (ASX:ARR) said it was selected for a Seed Translational Acceleration of Research Project award, in partnership with the University of Wyoming School of Energy Resources, to explore end uses for the tailings and other byproducts from rare earth elements production at the Halleck Creek project in Wyoming, according to a Thursday Australian bourse filing.

The company was selected for the award through its fully-owned unit, Wyoming Rare (USA).

Deliverables for the project team will include a database of material properties, an evaluation of the potential uses of tailings and byproducts through computational modeling, and small-scale laboratory experiments to validate a selected list of high-potential applications, the filing said.

American Rare Earths' shares fell nearly 5% in recent trading on Thursday.