American Rare Earths identified a potential new rare earth deposit and recently filed 118 unpatented federal lode mining claims. The new claims at the County Line prospect adds approximately 2,113 acres to the growing Halleck Creek Rare Earth District in Wyoming, bringing the total area controlled to 8,165 acres. This is an increase in total claims within the region of 26%. Highlights: The new County Line prospect increases mineral control in the district by 26%; The claims add 2,113 acres for a total of 8,165 acres; Detailed exploration activities planned for early spring when snow clears.

With the addition of the County Line, ARR has a substantial footprint containing the rare earth enriched prospects within the region. Since acquiring the property in 2021, the Company has significantly increased the mining claims to now contain seven project areas across the Halleck Creek District. ARR geologists are planning wide area geological mapping and surface sampling across the County Line area, the Trail Creek Area, and the Sommers Flat areas during late first quarter and early second quarter 2023, as weather and ground conditions permit.

This mapping and sampling will provide the direction for long-term development of the Halleck Creek Rare Earths district.