American Rare Earths (ASX:ARR) secures significant funding for Wyoming Rare Earth Project

American Rare Earths (ASX:ARR) has announced that its subsidiary, Wyoming Rare (USA) Inc., received a non-binding Letter of Interest from the Export-Import Bank of the United States (EXIM) for a debt funding package of up to US$456m. This funding is intended for the construction and execution phase of the Cowboy State Mine area at the Halleck Creek Project. The debt financing will have a repayment term of 15 years under EXIM's Make More In America Initiative.

Executive Commentary on EXIM Bank's Letter of Interest

Chris Gibbs, CEO, stated, 'This Letter of Interest from EXIM Bank is a significant milestone, highlighting the U.S. Government's commitment to securing a robust domestic rare earth supply chain. The Halleck Creek project is set to become a key, multi-generational resource for the U.S., and we are proud to be at the forefront of this transformative initiative. We look forward to collaborating with EXIM and the U.S. Government to bring this critical project to fruition. The potential funding also paves the way to accelerate offtake agreements and attract strategic investors for our subsidiary, Wyoming Rare (USA) Inc.' Joe Evers, President of WRI, added, 'We are grateful for the recognition and support from EXIM Bank, which will be instrumental in securing the funding needed to fast-track the development of this important project.'

Summary of American Rare Earths' Announcement

American Rare Earths (ASX:ARR) has secured a non-binding Letter of Interest from the Export-Import Bank of the United States (EXIM) for a debt funding package of up to US$456m for the construction and execution phase of the Cowboy State Mine area at the Halleck Creek Project. The funding, if finalized, will have a repayment term of 15 years under EXIM's Make More In America Initiative. This milestone underscores the strategic importance of the Halleck Creek project and the U.S. Government's commitment to securing a robust domestic rare earth supply chain. The Company looks forward to collaborating with EXIM and the U.S. Government to bring this critical project to fruition, potentially accelerating offtake agreements and attracting strategic investors for its subsidiary, Wyoming Rare (USA) Inc.