American Rare Earths Ltd. has announced a successful private placement, securing firm commitments to raise A$15.0 million through the issuance of approximately 46.9 million new fully paid ordinary shares at A$0.32 per share. This move, supported by both existing shareholders and institutional investors globally, aims to accelerate the development of the Halleck Creek Rare Earths Project in Wyoming, one of the largest rare earth deposits in the U.S. The funds will be allocated to the establishment of a demonstration plant, in-fill drilling, and engineering works, as the company seeks to reduce U.S. reliance on foreign supply chains for critical minerals. The placement shares are set to settle on July 30, 2025, and will rank equally with existing shares.
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