Wyoming
Company To Invest $456 Million To Develop Huge Wyoming Rare Earths Deposit
American Rare Earths Inc. said Sunday that its rare earth minerals project near Wheatland could need $456 million to begin mine development and production, money that still needs to be raised by the tiny mining company valued at about one-fifth the initial project’s size.
American Rare Earths CEO Donald Swartz told Cowboy State Daily that the investment is a realistic path to tangible production over the next few years at the Halleck Creek mine site, recently renamed as the Cowboy State Mine.
The company is still going through state permitting to begin mining and build a processing operation on the Wheatland land, which is perhaps a few years away.
Swartz said that his company’s board of directors recently recommended that the project advance to the next stage of development. The initial phase will produce “a modest amount of separated rare earths, within a project area which is highly scalable over time,” he said.
The $456 million capital investment estimate was included in a “scoping study” along with other cost estimates and economic projections on development at the Halleck site in the Overton Mountain area, plus the value of the minerals that could potentially be mined over the next 30 years.
Production levels are expected to reach more than 64 million tons during the mine’s life, he said.
The company has previously reported that the Wyoming site could be the richest rare earths deposit in the world with an estimated 2.34 billion tons of rare earth minerals.
“This exceeded our wildest dreams, and we only drilled on about 25% of the property,” Swartz told Cowboy State Daily last month.
Private Money Expected
Importantly, Swartz said that his company won’t need government help to begin development, as has been the case with other mammoth-sized projects in Arizona and Australia, where his company is headquartered.
“We think we are the most likely to get a pathway to production without the need for massive government intervention,” he said.
American Rare Earths is the U.S.-based unit of an Australian-founded exploration company working in Wyoming.
As examples announced in the past week, Swartz cited the U.S. Department of Energy’s recent plan to lend Canadian-based Lithium Americas Corp. nearly $2.3 billion to build Nevada’s Thacker Pass lithium project, and Australia’s investment of $550 million in a rare earths project.
The lithium investment is one of the largest ever by the federal government in the mining industry. The U.S. wants to boost domestic production of critical minerals that are needed for clean-energy projects, such as those needed for battery-powered electric vehicles.
The rare earth minerals bonanza is the result of consumers starved for magnet metals integral to the green transition to electric vehicles, wind turbines, consumer goods, robots and military drones, missiles and chips needed for sophisticated computer power.
To begin advancing its mining project, American Rare Earths recently raised $9 million to begin some drilling of wells to test the metallurgical properties of the rare earths at the Halleck Creek area.
American Rare Earths wants to mine and process these magnet metals, particularly neodymium and praseodymium, through its Wyoming Rare (USA) Inc. unit.
That business controls 367 mining claims on 6,320 acres of a mix of state, federal and private land across the Halleck Creek Project area near Wheatland, and four Wyoming mineral leases on 1,844 acres on the same project.
Pat Maio can be reached at pat@cowboystatedaily.com.
Wyoming
Election Q&A: Jessica Crowder for Wyoming House District 43
CHEYENNE, Wyo. — As the Aug. 18 primary election approaches, Cap City News is introducing candidate questionnaires to help voters make informed decisions at the ballot box.
Every candidate in the primary field was sent the same three questions and given a limit of 500 words, which could be distributed among their answers as they saw fit. To ensure a fair and direct line to the community, all responses are published exactly as submitted, without edits or alterations.
Candidates were asked:
- What are the most crucial challenges your constituents are facing?
- If elected, how will you address these challenges?
- What qualities or qualifications do you possess that have prepared you to meet these challenges?
Questionnaires are being published on a rolling basis online through Aug. 11. They will be accessible via the Cap City News Election Tracker.
Jessica Crowder (R), Wyoming House District 43
What are the most crucial challenges your constituents are facing?
Wyoming is built on hard work, strong communities, and the responsible use of our natural resources. The families in House District 43 and Wyoming face real challenges — from the need for a more resilient, diverse economy to the increasing outmigration of young people. Wyoming families also face rising costs of healthcare, housing and more. House District 43 deserves a representative that puts people first and works to strengthen the place we call home through steady and thoughtful leadership.
If elected, how will you address these challenges?
As a legislator, I will use my experience working with landowners, businesses, and local governments to support the industries that define Wyoming while encouraging thoughtful growth and diversification. Our future depends on good jobs, strong schools, and communities where families can put down roots and thrive. We can honor the values that make Wyoming what it is while building something that lasts—an economy that works for working people, an education system that prepares the next generation, and communities that remain resilient and connected.
The rising cost of healthcare and the difficulty of accessing services are real challenges for Wyoming families. We need reforms that reduce costs, expand access—including to mental health resources—and meet people where they are. The 2026 Health Insurance Affordability Task Force is working to address rising costs, and I will work with this group and others to develop effective solutions that deliver the quality care our communities deserve.
Tax and housing reforms must be reviewed for possible refinement so people can afford to buy homes, stay in their homes, and build equity and pride of place. At the same time, every Wyoming county depends on a different mix of revenue, and we all rely on stable, predictable local funding for essential services. I will participate in honest, informed conversations about how to provide relief to those who need it most without jeopardizing essential services.
Wyoming’s economy depends on our core industries and new businesses that invest here. Both need clear, consistent processes and regulations so they have confidence in choosing Wyoming. Economic growth also relies on strong infrastructure and a skilled workforce. When these pieces work together—predictable regulations, reliable infrastructure, workforce readiness, and responsible budgeting—they create a stable environment that encourages growth, provides good jobs, and protects taxpayers.
What qualities/qualifications do you possess that have prepared you to meet these challenges?
I believe we maintain and create opportunity by respecting the people who live here and the land that sustains us. I grew up on a ranch and now raise my family in Laramie County, where we run a ranch and small business, so I understand the challenges facing families, landowners, and employers. With over 20 years of experience in agriculture, land management, and public policy, I’ve supported working lands, defended local interests, and strengthened communities. The values that guide this work—practical problem solving, respect for local knowledge, and a commitment to community—have broad application beyond land management and would serve me well in the legislature.
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Wyoming
Six cases of measles confirmed by Wyoming Department of Health
TETON COUNTY, Wyo. — The Wyoming Department of Health recently confirmed two additional cases of measles in Teton County, bringing the statewide total to six cases, with five cases having occurred in Teton County.
A release from the WDH states that one recently-confirmed case is an adult with no identified links to the previous three Teton County cases, while the other case is also an adult, who had direct exposure to a previously identified case.
“This underscores the highly contagious nature of the measles virus,” the release states.
According to the release, the public may have been exposed to measles at the following locations and times:
Target Jackson Hole, 510 S Highway 89, Jackson, Wyoming 83001
- July 5, 2026, 7:00 AM through 7:00 PM
- July 6, 2026, 7:00 AM through 7:00 PM
- July 7, 2026, 7:00 AM through 7:00 PM
Smith’s Food and Drug, 1425 South Highway 89, Jackson, Wyoming 83001
- July 8, 2026, 9:00 AM through noon
“Measles is very contagious and can cause serious illness, including pneumonia, encephalitis, hospitalization, and death,” the release states. “Vaccination is the best way to prevent measles infection.”
For more information on measles, including case counts, exposure locations, and guidance on what to do if exposed, visit the Wyoming Department of Health website.
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Wyoming
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