American Rare Earths Limited (ASX: $ARR) has announced the immediate suspension of its securities from quotation under Listing Rule 17.3. This suspension is to facilitate the preparation of additional disclosure related to an indicative, conditional, and non-binding proposal received by ARR. The securities will remain suspended until ASX ensures ARR's compliance with the Listing Rules regarding the level of information disclosed about the Proposal.
We are taking the necessary steps to comply with ASX Listing Rules and provide the required level of disclosure regarding the Proposal we have received. The suspension from quotation is a temporary measure to ensure that all relevant information is made available to our stakeholders. We appreciate the understanding and patience of our investors during this process.
American Rare Earths Limited (ASX: $ARR) has taken the decision to suspend its securities from quotation in response to an indicative, conditional, and non-binding proposal received by the company. This suspension is aimed at facilitating the preparation of further disclosure related to the Proposal. The company is committed to ensuring compliance with ASX Listing Rules and providing transparent information to its stakeholders. The outlook includes a focus on meeting the disclosure requirements and addressing any concerns to resume normal trading as soon as possible.