Latest news with #AmericanRareEarths
Mint
3 days ago
- Business
- Mint
Washington is jumping into rare earths. Investors have run the other way.
A promising mining find in Wyoming aims for lightning-fast production of a resource that is a key chokepoint in America's standoff with China. Federal officials have signaled a potential investment in the project of close to $500 million. Yet the company behind it is a penny stock. The paradox of American Rare Earths, whose biggest prospect is the Wyoming site about three hours north of Denver, is endemic to the mostly small firms trying to extract rare-earth elements crucial to everything from electric vehicles to jet fighters. Shares often trade on smaller stock exchanges in Canada or Australia. Banks proceed with caution toward projects that can take a decade to materialize, if they ever do. That has left the U.S. with a quandary as China wields its dominance over global rare-earths production as a cudgel in the countries' simmering trade dispute. The U.S. has rare earths. What it lacks are investors willing to gamble on an industry dominated by Beijing. Washington in recent years has tried to pump the market, throwing hundreds of millions of dollars at new mines and processing plants. A Pentagon deal this month with the country's largest producer may be the biggest such investment ever. Even so, the difficulty of standing up a domestic industry backed by limited private capital has exposed a weak point in the White House's push to wean America off cheap Chinese supplies. 'The financing piece is a big question mark," said Joe Evers, president of American Rare Earths' Wyoming project. Ubiquitous commodities like oil boast corresponding financial markets where companies can shield themselves from volatility and traders can bet on it. The resulting prices help investors value companies and banks structure loans. That isn't the case for the 17 rare-earth elements needed in relatively tiny quantities across many high-tech industries. For rare earths, Evers added, the market 'really hasn't evolved at all, in my opinion, because there's such a dominant player in the form of China." Beijing has spent decades expanding its rare-earths footprint at home and abroad, commanding a huge portion of the world's ability to refine the elements and process them into magnets used by robotics firms, phone makers and other businesses. More than two-thirds of U.S. imports last year came from China, according to S&P Global. China also dominates many of the industries that rely on rare earths, including EVs. After China imposed export controls earlier this year, automakers like Ford Motor scrambled for supplies, giving Beijing leverage over Washington in trade talks. June shipments abroad were down 38% from a year earlier, even after the countries struck a deal that included China lifting some of the restrictions. Now, American miners hope tension with China's state-backed model will push the feds to fight fire with fire—and gin up interest among unenthusiastic investors. 'The government has realized that that game ain't gonna work," said Randall Atkins, chief executive of Ramaco Resources, a Kentucky-based coal producer that recently opened a coal and rare-earths mine in Wyoming. Earlier this month, Nevada-based MP Materials announced a massive Defense Department investment to expand rare-earths production and processing capacity. Analysts say the deal, which includes a loan, a decadelong offtake agreement and equity investment that makes the Pentagon MP's largest shareholder, could total billions and require additional money from Congress. Apple soon after announced its own supply deal with MP. The moves set off wild price swings in stocks of similar companies that are draping themselves in the American flag—both figuratively and literally—as they vie for government cash. Shares in Sydney-based American Rare Earths, which last year earned a letter of interest from the Export-Import Bank for debt financing up to $456 million, nearly doubled in value within a week to 46 Australian cents apiece. Spanning less than half a square mile, the company's proposed Cowboy State Mine sits on land where the state of Wyoming owns both the surface and the minerals, giving it the potential for expedited permitting. The find holds metals including the 'core four" rare earths necessary for powerful permanent magnets: neodymium, praseodymium, dysprosium and terbium. But the chief executive of American Rare Earths, which aims to start mining and processing as soon as 2029, resigned Monday in the second such shake-up since last year. On Thursday, the company announced a capital raise equivalent to nearly $10 million. Ramaco stock similarly rocketed higher after the MP deal. At a ribbon-cutting ceremony this month attended by Energy Secretary Chris Wright, Atkins described Ramaco's Wyoming project as 'America's mine" and part of a broader push 'to win a war being waged below our soil." The executive said in an interview that his firm will seek private and public backing as it pilots a processing facility and builds out the mine's full capacity in the coming years. 'We have to have realistic throughput agreements that aren't subject to Chinese manipulation," he added. There are dangers to relying on government aid. U.S. policy toward critical minerals—a broader basket of materials that includes rare earths—has long been inconsistent. Tax credits for domestic production were included in President Joe Biden's Inflation Reduction Act, but now will sunset starting in 2030 under Trump's new tax-and-spending law. With a drawdown in other credits for EV purchases and renewable-energy development, 'you risk killing a demand signal to ensure that these new industries, many of which are coming from startups, are going to have a market," said Milo McBride, a fellow at the Carnegie Endowment for International Peace. It is unclear if the MP deal can or will be replicated for other rare-earth miners. The Pentagon didn't respond to requests for comment. But analysts warn that jumping headfirst into the mining business comes with risks inherent to sometimes speculative projects. An Idaho cobalt mine three decades in the making has been mothballed for years despite tens of millions in government support. 'For any of these projects, [commercial production] is probably a long shot," said Rod Eggert, an economics professor at the Colorado School of Mines. 'But that's the nature of the business." Write to David Uberti at and Jennifer Hiller at
Yahoo
18-07-2025
- Business
- Yahoo
Project Update: Optimization Underway With Clear Path Set to Unlock Halleck Creek's Rare Earth Potential
Mineral Processing optimization tests underway Multiple parallel avenues of testing in progress with the objective of increasing overall magnet rare earths recoveries Long lead time equipment ordered for a demonstration plant Conventional magnetic separation equipment ordered, a critical component of a demonstration plant Test mining set to commence Test mining at the Cowboy State Mine to provide bulk samples for optimization test work and feedstock for a demonstration plant DENVER, July 18, 2025 (GLOBE NEWSWIRE) -- American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) ('ARR' or the 'Company'), is pleased to provide an update on project activities at Cowboy State Mine ('CSM'), part of the Halleck Creek Rare Earths Project in Wyoming. American Rare Earths, through its subsidiary Wyoming Rare (USA) Inc. ('WRI'), will be performing a series of additional mineral processing optimization tests for the Cowboy State Mine's Pre-Feasibility Study ('PFS'). The additional work will occur in parallel to current planned mineral processing tests and includes testing multiple comminution (i.e. milling) methods and optimizing the beneficiation circuit (i.e. mineral separation and concentration). Figure 1 outlines the road map of the mineral processing optimization work underway. In addition, the Company has already ordered long-lead time equipment for a demonstration plant and will commence test mining in the immediate term to extract the necessary feedstock for the future facility. The optimization work and demonstration plant are key steps forward in producing rare earth magnet oxides from Halleck Creek ore. Why it matters? In general terms, a PFS is a key milestone to demonstrate, at a relatively high confidence level1 , the technical and economic viability of a project. The study is essentially a blue-print, backed by extensive laboratory test data, for the mine and mineral processing plant. A well-executed and robust PFS typically provides potential investors, strategic partners, creditors and off-take parties with confidence in the project's production potential and underlying economics. In addition, it lays the foundation for future studies (i.e. Definitive Feasibility Study) which can lead to construction and development decisions. It is a key step in de-risking the project from a technical and economic standpoint, which, if successful, can move a development project one step closer to becoming a producing asset. The objective of the comminution and beneficiation optimization testing is to find optimal and conventional processing methods to further increase the recovery of rare earth minerals. This additional optimization work sets a clear path for American Rare Earths to produce a robust mineral processing flow-sheet for the PFS and ultimately unlock Halleck Creek's immense rare earths potential. Once complete, the Company can also use the flow-sheet design as a blue-print for a demonstration plant to showcase and fine-tune the process at a larger scale. Given the confidence in the Halleck Creek project, steps to progress the demonstration plant have already commenced in parallel to the optimization work. However, most of the optimization work is in addition to the original PFS scope and as a result will extend the CSM PFS publication. Summary of Optimization Work Underway: Test Mining: The Company will exercise its License to Explore2 to collect bulk samples required to perform comminution tests. Approximately 8 tonnes are required for the comminution testing, however given the extraction equipment will be mobilized on site, the Company plans to extract ~3,200 tonnes to also fulfil the future demonstration plant feedstock needs. Comminution: Reducing the proportion of fines (i.e. very fine material, ore milled below 50 microns) entering the beneficiation circuit enhances overall ore concentration and increases the total rare earth oxide ('TREO') grade into leach. Reducing fines can reduce reagent consumption during leaching and impurity removal, which can potentially lower operating costs. Three different comminution methods will be tested: Vertical Roller Mill ('VRM'), High Pressure Grinding Rolls ('HPGR') Air Classifier and a HPGR Tower Mill. Beneficiation: Induced Roll Magnetic Separators ('IRMS') are the most effective method of separating allanite (i.e. rare earth host mineral) from gangue (i.e. material with no REE mineralization) material3 tested to date. This equipment will be used in the mineral processing flow sheet, however the primary separation method (i.e. pre-IRMS processing step) has room to be optimized. Hydrometallurgy: Extensive scoping leach tests have already been completed and the leach parameters are well defined4. However, impurity removal (i.e. processing step after leaching) tests are currently underway. Once comminution and beneficiation process optimization testing concludes, bulk samples will be generated using the preferred grinding and separation options to run larger scale leach and impurity removal tests. This release was authorized by the board of American Rare Earths. Investors can follow the Company's progress at _______________1 PFS-level engineering estimates are typically classified as a Class 4 estimate according to the Association for Advancement of Cost Engineering International (AACEI), which aligns with this ±25% accuracy range2 See ASX Release dated January 8, 2025 for additional details.3 See ASX Release dated February 20, 2025 for additional details.4 See ASX release dated July 16, 2025. About American Rare Earths Limited: American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) is a critical minerals company at the forefront of reshaping the U.S. rare earths industry. Through its wholly owned subsidiary, Wyoming Rare (USA) Inc. ('WRI'), the company is advancing the Halleck Creek Project in Wyoming—a world-class rare earth deposit with the potential to secure America's critical mineral independence for generations. Located on Wyoming State land, the Cowboy State Mine within Halleck Creek offers cost-efficient open-pit mining methods and benefits from streamlined permitting processes in this mining-friendly state. With plans for onsite mineral processing and separation facilities, Halleck Creek is strategically positioned to reduce U.S. reliance on imports—predominantly from China—while meeting the growing demand for rare earth elements essential to defense, advanced technologies, and economic security. As exploration progresses, the project's untapped potential on both State and Federal lands further reinforces its significance as a cornerstone of U.S. supply chain security. In addition to its resource potential, American Rare Earths is committed to environmentally responsible mining practices and continues to collaborate with U.S. Government-supported R&D programs to develop innovative extraction and processing technologies for rare earth elements. For additional information: Susan AssadiMedia Relations USsassadi@ 977 7125 Beverly JedynakInvestor Relations 943 1123 Figure 1 - Illustrative Mineral Processing Optimization Road Map5Note: SX = Solvent Extraction, RC = Reverse Circulation _______________5 See ASX Release dated February 20, 2025 and July 16, 2025 for additional details. 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The Australian
17-06-2025
- Business
- The Australian
Verity ready to drill REE-Gallium at Pimenta
Verity will test a 20km high grade rare earths-gallium trend at the Pimenta project Exploration indicates geological signatures similar to American Rare Earths' Halleck Creek project in the US Auger drilling will target two priority zones within a >20km airborne thorium anomaly Special report: A maiden auger drill program is set to begin at Verity Resources' Pimenta project in Minas Gerais, Brazil, to test a 20km high-grade rare earths-gallium-titanium zone. The drilling will follow recent reconnaissance work which returned up to 25,817ppm total rare earth oxide (TREO), with an average of 25% high value magnet rare earths (MREO) over 147 samples. Verity Resources' (ASX:VRL) program will target two priority zones within a >20km airborne thorium anomaly, where surface sampling confirmed strong geochemical correlation and high concentrations of rare earths, gallium and titanium. The campaign will consist of 20 auger holes, designed to test the vertical and lateral continuity of mineralisation within the saprolite zone. VRL believes the results to date confirm a mineralisation style potentially similar to American Rare Earths' (ASX:ARR) Halleck Creek allanite REE deposit with a 2.63Bt at 3,292ppm TREO resource, one of the largest in the US. Importantly, the REE geochemical signature remains consistent between rock and regolith samples, supporting a model of vertical enrichment via residual weathering. TREO distribution at the Pimenta project. Pic: VRL Background on Pimenta Pimenta is in Brazil's well-established mining region of Minas Gerais. The project spans 90km2, targeting a large, granite-hosted REE system enriched in rare earth elements and critical accessory minerals including lithium, zirconium, niobium and titanium. VRL completed the acquisition of a 70% interest in the project in 2024 from Foxfire Metals. The company recently agreed to extend the minimum joint venture expenditure commitment term for a further 12 months to February 2026. 'Hallmarks' of a critical metals discovery VRL's board believes the start of auger drilling at Pimenta is an important milestone. 'Surface results confirm the presence of a widespread and high-grade REE-gallium-titanium system over a confirmed 20km of radiometric strike,' the company said. 'This program will give us key insights into mineralisation continuity and depth potential. 'With excellent surface results and strong geological context, Pimenta has the hallmarks of a significant critical metals discovery.' Strategic importance of Pimenta Whilst the company's focus remains on the development of a resource upgrade and expansion strategy at the Monument gold project in WA, Verity is pleased to be in a position with a second project of global strategic importance developing in the background. Rare earths, gallium and titanium are all considered critical minerals, essential for modern technologies and national security but bear a risk of supply chain disruptions. In mid-2023, China introduced export restrictions on gallium and other critical metals, leading to supply shortages and subsequent price increases. Gallium is primarily used in electronics and is also a critical material in the production of semiconductors, while rare earths are used in a wide range of applications from everyday electronics to permanent magnets used in EV motors and wind turbines. Due to its strength, low density and corrosion resistance, titanium is used in aerospace components, medical implants, sporting goods and jewellery. This article was developed in collaboration with Verity Resources, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
New York Post
15-06-2025
- Business
- New York Post
Inside the battle to control the world's supply of rare earths
Back in 2009, Jim Kennedy, a consultant and entrepreneur of rare earths — a group of 17 metallic elements, including 15 lanthanides, crucial for modern technology — met with a top official at the Pentagon to discuss the future of these precious minerals. 'He was almost indifferent to the issue,' Kennedy tells The Post. 'His dispassion was staggering. It was one of the most disappointing meetings in my life.' Sixteen years later, that indifference has widely disappeared. Rare earths — used for everything from smartphones, electric cars and airplane engines to medical equipment, wind turbines and military applications like missiles and fighter jets — have become one of the most in-demand and politically contested industries in the world. 10 A miner carrying a heavy bag of rare earth-filled mud in China, which controls many of the most crucial rare earth elements now required for the sophisticated technology that powers everything from cellphones to fighter jets. REUTERS Rare earths 'enjoy an unusual level of bipartisan political support because they are vital both to economic development and national security,' says Melissa Sanderson, a former president and current board director at American Rare Earths, an Australian company focused on developing rare earth projects, including one in Wyoming. Rare earths aren't just a big part of modern technology; they're in many ways the most critical components. They're used as heat-absorbing agents in wind turbine motors, as strengthening and anti-glare agents in iPhones and fighter jets and as clarifying agents in MRIs. They're also almost completely controlled by China. Between 2020 and 2023, 70% of our rare earth imports came from China, according to Statista. That number jumped to 80% last year. And the US is 100% reliant on China imports of Yttrium, a rare earth metal used in everything from cellphones to TVs to radiation therapy used to treat liver cancer. 10 Rare earths 'enjoy an unusual level of bipartisan political support because they are vital both to economic development and national security,' says Melissa Sanderson, a former president and current board director at American Rare Earths. China has been fickle about granting export licenses for rare earths, although their grip has shown recent signs of weakening. President Trump had a lengthy (and rare) phone call with Chinese President Xi Jinping on June 5 and in a social media post after the call, Trump wrote 'there should no longer be any questions respecting the complexity of Rare Earth products.' The next day, China granted temporary export licenses to rare-earth suppliers of the top three US automakers. The irony is that for much of the mid-20th century, the US was a global leader of rare earth elements. But 'demand was exponentially lower at the time,' says Sanderson. 'Therefore, the output from our sole producer — Mountain Pass Materials, known as MP Materials now — was sufficient to satisfy a large percentage of then-existing demand.' The Las Vegas-Nevada-based company still operates the only rare earth mine and processing facility in the United States. 10 President Trump and President Zelensky meet in the Oval Office in February. Soon after this meeting a deal was made for Ukraine to supply vital rare earths to the United States. AFP via Getty Images America's rare earths lead came to an end in 1980, brought on by changes to US regulations. Because processing rare earth minerals involves the separation and removal of uranium and thorium, it can lead to radioactive waste and other contaminants. 'The US was concerned about the environmental impact, since particularly with the technology of the time, there were significant impacts to air, water and even ground quality that would not have met US standards,' says Sanderson. It wasn't the same story in China, who were more willing to accept the dangerous pollutants 'as a price for achieving its market dominance,' she says. China's monopoly of rare earths doesn't just give them an economic advantage. 'China has been 'weaponizing' its market hegemony for many years, in increasingly sophisticated and legal ways,' says Sanderson. 10 Pres. Trump with Chinese leader Xi Jinping. Having conceded its lead on rare earth mining, the US is playing a serious game of catch-up with the Chinese. REUTERS The country first flexed their power in 2010, blocking rare earth exports to Japan, a major producer of permanent metal magnets. 'That decision was overturned by the World Trade Organization, so China does not exert its control as overtly now,' says Sanderson. But in the current trade tussle with the US, 'China has identified seven crucial elements under its export control regime which it will not sell to the US,' says Sanderson. 'Due to concerns that while suitable for civilian economic use, they could also be used for military purposes.' While President Trump's tariffs are often blamed for exacerbating the tensions, Kennedy, who serves as president of ThREE Consulting, a rare earths consultancy, says the tariffs are actually 'forcing China to reveal the magnitude of this threat. Absent Trump's tariffs, China would never have shown its hand until it was too late.' 10 The US is 100% reliant on China imports of Yttrium, a rare earth metal used in everything from cellphones to TVs to radiation therapy used to treat liver cancer. REUTERS Just how bad could it get? Kennedy believes that if left unchecked, and China was allowed to continue their embargo without consequences, 'the non-Chinese world would need to shut down and re-engineer most everything that comes off an assembly line,' says Kennedy. 'This is not an overstatement.' The stand-off with China may be at the forefront, but it's not the only way Trump is maneuvering to protect the nation from rare earth depletion. Greenland contains (by some estimates) about a quarter of the world's rare earth minerals, and Trump has suggested that the US could annex the autonomous territory in Denmark. 10 A chunk of Ytrium, once of the most important rare earth elements. Phil Degginger/imageBROKER/Shutterstock The US also recently inked a landmark deal with Ukraine, which has approximately 5% of the total global mineral reserves. Although Trump declared in February that Ukraine would be providing 'the equivalent of like $500 billion worth of rare earth [minerals],' the exact amount wasn't specified in the deal, other than that the US and Ukraine would be splitting profits 50/50. There have also been efforts to mine rare earths from an entirely new source — the bottom of the Pacific Ocean. 10 Consultant Jim Kennedy was one of the first industry insiders to raise the alarm around the rarity — and potential global conflict — surrounding rare earths. It's called the 'Clarion Clipperton Zone,' a remote area of the Pacific between Hawaii and Mexico, roughly half the size of the contiguous US. This seabed region is rich in polymetallic nodules, the rock-like formations that contain some of the most sought-after rare earths in the world. It's a veritable goldmine waiting to be unearthed. In fact, the US Geological Survey recently estimated that the Clarion Clipperton Zone contains more nickel, cobalt and manganese than all terrestrial reserves combined. The Metals Company, a Canadian firm with US investment ties, is already making strides to become the first to mine commercially in the region. They conducted a field test back in 2022, and the company is currently applying for 'exploration licenses and commercial recovery permits' from the US. There are legal hurdles that could slow down their ambitions. Despite a 1980 law passed by Congress to regulate seabed mining, the Clarion Clipperton Zone technically falls under the jurisdiction of the International Seabed Authority, which operates under the United Nations Convention on the Law of the Sea. Whether the ISA has exclusive authority over the region remains open to debate. 10 Gerard Barron, CEO of The Metals Company, has dismissed some of the concerns about potential environmental damage surrounding rare earth mining efforts. AFP via Getty Images There are also environmental concerns. Arlo Hemphill, a Senior Oceans Campaigner at Greenpeace, warns that any move to mine the Pacific 'would be an ecological disaster. Scientists have not even had a chance to fully explore and understand the wonders of the deep, but a greedy corporation wants to tear up this ecosystem and cause immense ecological damage.' Gerard Barron, CEO of The Metals Company, dismisses these concerns, pointing out during a recent interview that Indonesia regularly mines in biodiverse rainforest regions. 'For some reason,' he said during the interview, 'people think it's okay to go digging up rainforests to get the metals underneath them, yet we're debating whether we should be going to pick up these rocks that sit on the abyssal plain?' (Barron did not respond to the Post's request for comment.) There are other options, but many are just as controversial. Sanderson believes the key will come down to strengthening our relationship with allies like Canada and Australia. 'They have significant natural resources and experienced and large mining companies,' she says. 'Cooperation with these countries is vital for filling the knowledge gap. The US doesn't have nearly enough experienced chemical and process engineers, as just one example.' 10 Rare earths are also crucial components of military fighter jets. Soonthorn – It took half a century for China to achieve its market position, she says, and the US needs an integrated supply chain from mine to magnet, but we're essentially starting from scratch. The US also needs to reform its mining regulatory system, which has a dysfunctional permitting process and some of the longest lead times for new mine production in the world. 'On average, companies wait anywhere from eight to fifteen years from when a deposit is initially determined to be economically interesting to when production can start,' says Sanderson, 'and some have waited significantly longer than that.' New mining projects are also frequently litigated, 'multiple times from multiple angles,' says Sanderson, which can add even more years to the wait time. With the return on investment horizon so long and the prospects so uncertain, many companies 'have difficulty attracting the investment necessary to support the high costs of building a mine,' she says. 10 Miners of rare earths such as these in China are increasingly at the forefront of the global race to control many of the elements that will determine our technological future. REUTERS Kennedy, however, is hopeful for the future. His company, Caldera Holding LLC, is collaborating with federal labs to refashion a former iron ore mine in Missouri to focus on rare earth minerals. He believes his mine is the only one that can provide 'geopolitically significant quantities' of rare earths.' But the ball, says Kennedy, is very much in Trump's court. His trade war has caused uncertainty, but the president's actions 'strongly suggest that delinking from China is real. This can be helpful, but follow-through is critical.' It's now up to the Trump administration to provide low-cost loans, grants and production tax credits to US-based mining companies that have (at least until now) faced almost insurmountable obstacles. 'Failure to support integrated projects,' says Kennedy, 'will result in many slow-motion train wrecks.'
Yahoo
09-06-2025
- Business
- Yahoo
American Rare Earths Leads ASX Penny Stocks To Consider
As the Australian market experiences a gradual decline, influenced by profit-taking and external geopolitical tensions, investors are seeking opportunities beyond traditional large-cap stocks. Penny stocks, though an older term, continue to attract attention for their potential to offer surprising value and growth at lower price points. By focusing on companies with strong balance sheets and solid fundamentals, investors may uncover hidden gems that provide upside without many of the risks typically associated with this segment of the market. Name Share Price Market Cap Financial Health Rating EZZ Life Science Holdings (ASX:EZZ) A$1.50 A$70.76M ★★★★★★ GTN (ASX:GTN) A$0.65 A$124.05M ★★★★★★ IVE Group (ASX:IGL) A$2.57 A$396.25M ★★★★★☆ Southern Cross Electrical Engineering (ASX:SXE) A$1.67 A$441.56M ★★★★★★ Tasmea (ASX:TEA) A$3.08 A$725.72M ★★★★★☆ Regal Partners (ASX:RPL) A$2.25 A$756.37M ★★★★★★ Accent Group (ASX:AX1) A$1.845 A$1.11B ★★★★☆☆ Lindsay Australia (ASX:LAU) A$0.71 A$225.19M ★★★★☆☆ Bisalloy Steel Group (ASX:BIS) A$3.37 A$159.91M ★★★★★★ CTI Logistics (ASX:CLX) A$1.815 A$146.19M ★★★★☆☆ Click here to see the full list of 1,001 stocks from our ASX Penny Stocks screener. Let's dive into some prime choices out of the screener. Simply Wall St Financial Health Rating: ★★★★★★ Overview: American Rare Earths Limited focuses on the exploration and development of mineral resources in Australia and the United States, with a market cap of A$139.54 million. Operations: American Rare Earths Limited currently does not report any revenue segments. Market Cap: A$139.54M American Rare Earths Limited, with a market cap of A$139.54 million, is pre-revenue and debt-free, focusing on the exploration of mineral resources in Australia and the U.S. Recent developments include significant progress at their Cowboy State Mine in Wyoming, where groundwater monitoring wells have been installed as part of environmental permitting efforts. The company also reported promising assay results from its Halleck Creek project, highlighting elevated rare earth mineralization. Leadership changes have strengthened its executive team with seasoned professionals to advance its U.S.-based strategy for developing a secure critical minerals supply chain. Click here to discover the nuances of American Rare Earths with our detailed analytical financial health report. Learn about American Rare Earths' historical performance here. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Horizon Gold Limited is involved in the exploration, evaluation, development, and production of gold deposits in Australia with a market cap of A$86.90 million. Operations: The company's revenue segment consists of A$0.08 million from exploration activities in Australia. Market Cap: A$86.9M Horizon Gold Limited, with a market cap of A$86.90 million, is pre-revenue and debt-free, focusing on gold exploration in Australia. The company recently reported a small net income for the half-year ended December 31, 2024, marking an improvement from the previous year's loss. Its management team is experienced with an average tenure of 4.5 years and has seen leadership changes to bolster corporate development efforts as it progresses through the Gum Creek Feasibility Study. While its short-term assets cover liabilities, long-term liabilities remain uncovered by current assets. Shareholder dilution has been minimal over the past year. Unlock comprehensive insights into our analysis of Horizon Gold stock in this financial health report. Gain insights into Horizon Gold's past trends and performance with our report on the company's historical track record. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Ltd is an online retailer based in Australia with a market capitalization of A$401.23 million. Operations: The company's revenue is derived from its operations in Australia, with A$309.36 million from Kogan Parent and A$9.96 million from Mighty Ape, as well as in New Zealand, where it generates A$40.02 million from Kogan Parent and A$124.88 million from Mighty Ape. Market Cap: A$401.23M with a market cap of A$401.23 million, is debt-free and has extended its buyback plan duration until May 2026. Despite stable weekly volatility over the past year, Kogan faces challenges with negative earnings growth of -73.9% last year and declining profit margins from 1.4% to 0.4%. Its dividend yield of 3.47% isn't well covered by earnings, yet the company trades at a substantial discount to estimated fair value. The seasoned management team averages a tenure of 14.6 years, while short-term assets comfortably cover both short- and long-term liabilities without shareholder dilution in the past year. Click here and access our complete financial health analysis report to understand the dynamics of Learn about future growth trajectory here. Unlock more gems! Our ASX Penny Stocks screener has unearthed 998 more companies for you to here to unveil our expertly curated list of 1,001 ASX Penny Stocks. Want To Explore Some Alternatives? These 18 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:ARR ASX:HRN and ASX:KGN. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
