American Rare Earths to Receive A$10.7 Million (US$7.1 Million) of Grant Funding from State of Wyoming
Summary
This partnership reinforces Wyomings leadership in the U.S. energy and mining sectors, and we are excited to contribute to the states economic and environmental sustainability through this strategic initiative. Wyoming is committed to lead the U.S. energy industry and support like this is why the state has been so successful in attracting investment in exploration and mining across the resource sector. This grant will assist the Company in expediting its project development of the Cowboy State Mine, and we are excited for things to continue to progress.Wyoming is investing in the future of the energy industry and exploring new opportunities, said WEA Executive Director Rob Creager. The Company is developing environmentally friendly and cost-effective extraction and processing methods to meet the rapidly increasing demand for resources essential to the clean energy transition and US national security. The Company continues to evaluate other exploration opportunities and is collaborating with US Government-supported R&D to develop efficient processing and separation techniques of (REEs) elements to help ensure a renewable future.