Deannie
10月前
Hi, all. I’m recently retired (thank you NVDA, MSFT, etc.) and a fairly new ARRNF shareholder. It’s only the second time I’ve bought a penny stock. I took a flier on ARRNF in July at $.17 (50K+ shares) because of the recent push for domestic rare earth metal production. I’m surprised there’s so little posting going on given the real potential here what with the recent testing developments, potential government involvement and the recent price spikes. Obviously there’s some day trading going on to account for the delta, but I’m not into that anymore. I’ve bought and will hold for a few years. As I see it, this entity becomes a functioning mine one day, or gets sold to another mine that will develop it. In either case, dollars instead of cents. The other possibility is that it doesn’t get developed as there are several other rare earth projects going on, in which case it becomes a poopie diaper. Obviously I hope for the former.
So what was the first penny stock I bought? I drank a little Kool Aid on KBLB about seven years ago and even if the company began in earnest with real potential based on “the science” within a few years I and others realized “the science” wasn’t working and the CEO was stringing along shareholders to milk his salary and benefits, pad his 401K, etc... It became what I felt is a scam so I got out about 3-4 years ago. Of course, as of today my instincts were good as they still have no revenue, no sales and it still seems too “scam-ish” to believe it’ll ever fly but there are sadly some “true believers” on that board who, well, believe.
Oleblue
2年前
American Rare Earths unveils promising Halleck Creek scoping study
Wed, Mar 20, 2024
Melbourne, Victoria --News Direct-- American Rare Earths Ltd
American Rare Earths Ltd (ASX:ARR) CEO Donald Swartz sits down with Proactive’s Jonathan Jackson to highlight the positive outcomes of a scoping study for the Halleck Creek Project in Wyoming, USA. The study confirms the project's viability as a low-cost, scalable and world-class rare earth element (REE) venture, showcasing strong economic potential and a solid foundation for future development.
The independent analysis by Stantec Consulting Services Inc revealed a net present value (NPV) of US$673.9 million at an 8% discount rate and US$505.1 million at a 10% discount rate (pre-tax), with an internal rate of return (IRR) of 22.5%. The project's payback period is estimated at 2.9 years, with a life of mine (LOM) average cost of US$38.38 per kilogram for neodymium-praseodymium (NdPr) equivalent, significantly lower than current global averages.
With a proposed initial mining rate of 3 million tonnes per annum (Mtpa), the Halleck Creek Project is positioned for a scalable expansion, underpinned by a resource base of 540 million tonnes, suggesting a mine life of 180 years at 3 Mtpa. This scalability and the project's strategic design aim to reduce Western dependency on Chinese rare earth supplies, marking a significant step towards diversifying global REE sources.
Oleblue
2年前
American Rare Earths’ Scoping Study confirms low-cost, scalable world-class REE project
American Rare Earths
Mon, Mar 18, 2024
DENVER, March 18, 2024 (GLOBE NEWSWIRE) -- American Rare Earths (ASX: ARR | OTCQX: ARRNF and AMRRY) (“ARR” or the “Company”) is pleased to announce the results of the “Halleck Creek Scoping Study Technical Report” (“Study”) compiled by Stantec Consulting Services Inc (Stantec - an independent engineering consulting firm). Located in the major mining hub of Wyoming, USA, the Halleck Creek project provides compelling economics and the ARR board has unanimously recommended the project advance to the next phase of development.
Highlights:
Under our base case 3Mtpa operating scenario, Scoping Study outlines NPV8 of US$673.9 and NPV10 of US$505.1m (pre-tax) at Halleck Creek, equating to an IRR of 22.5% and payback period of 2.9 years with total initial capex of US$456.1m (inc. US$76.0m contingency).
LOM average Cost (USD/kg NdPr Equivalent) = $38.38/kg, which is favorable when compared to the most recently reported US$50/kg cash cost of NdPr by China Northern Rare Earths1 – the world’s largest integrated producer. A full breakdown of operating costs by product is illustrated in the Project Metrics table below.
Low operating costs are attributable to favorable geology and mining economics, coupled with the beneficiation and concentration circuit (Density Separation and Wet High Intensity and Magnetic Separation (WHIMS), which provides a 10X upgrade in grade) along with good recovery/extraction via direct leaching, without the need for cracking. The recoveries are illustrated in the Project Metrics table below.
The Study is based on an initial phase of 3.0 Million tonnes per annum (Mtpa) of mining to create a low capital cost for market entry and financing. A 6 Mtpa economic case was also prepared to illustrate future potential.
The project had previously evaluated mining cases of 15, 10, 7 and 5 Mtpa before settling on this 3Mtpa mining case; making the project uniquely scalable over time, given the vast resource base (540 Mt total that were modeled in scoping exercise to identify grade for mine sequencing: 180 years at 3Mtpa and 90 years at 6Mtpa).
The Study was designed to include separation of individual rare earth products in Wyoming, avoiding sending a concentrate overseas and includes all capital costs to separate products (sorted by revenue % attributable). The products include the heavy rare earths Terbium and Dysprosium as separated products, contributing 30% of revenue:
66%: Neodymium (Nd)/Praseodymium (Pr) Oxide also referred to as “Didy”
16%: Dysprosium Oxide (Dy)
14%: Terbium Oxide (Tb)
2%: Samarium (Sm), Europium (Eu), Gadolinium (Gd) “SEG” concentrate
2% : Lanthanum (La) Carbonate
The mine plan averaged an in-situ grade of 3,805 ppm TREO, the entirety of the cash flow presented (20+ years) is limited to approximately 400 acres on Wyoming state lands, which provides a very compact footprint. The planned design allows future optionality and enhances project economics by accelerating permitting and leveraging established infrastructure in later stages.
Late in 2023 the US Treasury Department released a proposed rule for the Advanced Manufacturing Production Tax Credit, part of the Inflation Reduction Act (IRA), better known as 45X. This production tax credit, equal to 10 percent of the costs incurred by the producing taxpayer, seeks to incentivise the domestic production of, among other things, critical minerals, including rare earths. The Study has applied this 10 percent tax credit to costs incurred during the project’s production process, with certain exclusions as detailed in the full report.
A long-term price of US$91/kg of NdPr was used based on consensus estimates from leading investment banks along with those for Tb and Dy. Various sensitivity analyses are provided in this summary.
https://finance.yahoo.com/news/american-rare-earths-scoping-study-113200194.html
Oleblue
2年前
American Rare Earths helps advancement at Halleck Creek with 13.5 million dollar private placement
Wed, Feb 28, 2024
American Rare Earths Limited CEO Donald Swartz joined Steve Darling from Proactive to share significant news regarding the company's recent fundraising efforts. American Rare Earths has successfully secured firm commitments for a placement to raise 13.5 million Australian dollars.
This placement received strong support from both new and existing institutional, professional, and sophisticated investors, both domestically and offshore. The purpose of this capital raise is to further develop environmentally friendly and cost-effective extraction and processing methods.
These methods are crucial to meeting the rapidly increasing demand for resources essential to the clean energy transition and US national security. Swartz emphasized that this funding provides the company with the necessary capital to advance its flagship project, Halleck Creek, towards delivering a secure supply of critical minerals to the North American supply chain.
American Rare Earths remains dedicated to achieving its project development milestones with the support of its shareholders. The funds raised will support various activities related to the development of the Halleck Creek Rare Earths Project in Wyoming.
These activities include mineral resource and extensional drilling, pre-feasibility studies, metallurgical test work and process development, as well as heritage, permitting, and environmental activities.
Overall, this successful capital raise positions American Rare Earths to continue its progress towards becoming a key player in the critical minerals sector, contributing to both environmental sustainability and national security objectives.
Contact Details
Proactive USA
+1 347-449-0879
na-editorial@proactiveinvestors.com
View source version on newsdirect.com: https://newsdirect.com/news/american-rare-earths-helps-advancement-at-halleck-creek-with-13-5-million-dollar-private-placement-524973282
https://finance.yahoo.com/news/american-rare-earths-helps-advancement-122506231.html