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American Rare Earths Limited (ASX:ARR)

ALERT: Price-sensitive ASX Announcement for ARR
Current share price for ARR : $0.360 0.025 (7.46%)+
Announcement
Release
17 Aug 2026 9:43AM
Price at Release
$0.335
Full Release
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Summary
American Rare Earths Limited announced a Memorandum of Understanding with Novex, LLC to advance oxide-to-metal production in the United States. The MoU focuses on converting separated rare earth oxides from the Halleck Creek Project in Wyoming into metals critical for permanent magnet production. This collaboration aims to develop a fully domestic U.S. supply chain, addressing the chokepoint in the mine-to-magnet process, particularly given China's control over global supply. The agreement outlines areas of cooperation, such as process optimization, metallization of NdPr oxide, and the establishment of a metal production facility. The MoU follows a technology review that identified high-temperature molten salt electrolysis as a primary development candidate. The partnership seeks to establish a U.S.-based supply chain to support national security and commercial interests, with a definitive long-term agreement targeted within 12 months.
Key Points
  • American Rare Earths Limited signed a MoU with Novex, LLC.
  • The MoU focuses on converting rare earth oxides to metals.
  • The agreement involves the Halleck Creek Project in Wyoming.
  • Novex will help in process optimization and metallization.
  • A domestic metal production facility is planned.
  • Objective is to create a U.S. mine-to-magnet supply chain.
  • Molten salt electrolysis is identified as a key technology.
  • The collaboration aims for a fully domestic U.S. supply chain.
  • The MoU targets a definitive agreement within 12 months.
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.