PDAC Video: American Rare Earths eyes 2029 production of enormous deposit

American Rare Earths (ASX: ARR; US-OTC: ARRNF) is working on releasing a pre-feasibility study for its Halleck Creek project in Wyoming by the end of the year, CEO Chris Gibbs said.

Production at Halleck Creek could start in 2029, Gibbs said. With a JORC-compliant resource of more than 2.6 billion tonnes total rare earth oxides, Halleck Creek hosts one of the largest deposits of the critical metals in North America, a feature that has drawn significant interest in the United States.

“Three years ago we got ourselves dual listed on OTC markets [and] we were the third-largest traded stock of all OTC markets in 2024,” Gibbs said in an interview last month at the annual Prospectors and Developers Association of Canada convention in Toronto. “We’re getting more volumes from the OTC than we’re getting on the ASX. It shows the interest we’re attracting now from investors in the U.S.”

The company is now focused on permitting after Wyoming in January granted it a licence to explore by bulk testing.

Watch the full conversation with The Northern Miner’s western editor, Henry Lazenby: