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American Rare Earths Limited (ASX:ARR)

ALERT: Price-sensitive ASX Announcement for ARR
Current share price for ARR : $0.365 -0.06 (-14.12%)+
Announcement
Release
2 Oct 2025 9:41AM
Price at Release
$0.425
Full Release
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Summary
Cobalt Blue Holdings Limited has completed the repayment of a Promissory Note to American Rare Earths Limited (ARR), marking the discharge of its obligations under this financial arrangement. The final payment consisted of $1.0 million plus accrued interest, which was associated with Cobalt Blue's acquisition of ARR's interest in the Broken Hill Cobalt Project (BHCP). As a result, Cobalt Blue now holds unencumbered ownership of the tenement package for the BHCP, a significant undeveloped cobalt resource in far western New South Wales.
Key Points
  • Cobalt Blue Holdings Limited repaid Promissory Note to American Rare Earths Limited.
  • Final payment included $1.0 million plus accrued interest of $42,246.58.
  • The repayment clears all of Cobalt Blue's obligations under the Promissory Note.
  • The tenement package for the Broken Hill Cobalt Project is now unencumbered.
  • The Promissory Note was part of Cobalt Blue’s acquisition of ARR’s interest in the project.
  • The Broken Hill Cobalt Project is one of the largest undeveloped cobalt resources outside of Africa.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.