Wyoming
Outstanding Drill Results at the Cowboy State Mine area for Wyoming Rare (USA) Inc.
Drill Intercepts includes 299.1 Meters at 4,393 ppm TREO
Highlights
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Assay results for 756 samples from the first 11 core and reverse circulation holes, has been received following the completion of the 2024 drilling campaign.
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Assays show elevated rare earth mineralization from surface to depths of at least 300m.
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Significant results include:
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HC24-RM035: 299.1m @ 4,393 ppm Total Rare Earth Oxides (“TREO”)
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HC24-RM023: 117.5m @ 4,006 ppm TREO
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HC24-RM026: 81m @ 3,673 ppm TREO
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HC24-RM028: 81m @ 3,602 ppm TREO
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HC24-RM030: 81m @ 3,652 ppm TREO
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HC24-RM031: 81m @ 2,698 ppm TREO
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Deposit remains open at depth.
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The results of this drill program to be used to update geological models, resource estimate and input for the upcoming Prefeasibility Study (“PFS”).
DENVER, Sept. 03, 2024 (GLOBE NEWSWIRE) — American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) (“ARR” or the “Company”) is pleased to announce the first assay results from the 2024 drilling campaign at the Cowboy State Mine (“CSM”) area of its wholly owned subsidiary, Wyoming Rare (USA) Inc (“WRI”).
ALS Global provided assay results for 756 samples from 11 core and reverse circulation holes, plus one partial hole. Since drilling concluded final drill hole locations were surveyed and geophysical logs for each drill were collected. Additionally, acoustic televiewer logs were collected in 7 core holes.
Drill hole HC24-RM035 showed an average grade of 4,393 ppm TREO across the entire 299.1m length of the drill hole. The results continue to indicate the deposit remaining open at depth and extending well into Red Mountain. Likewise, drill hole HC24-RM023 has an average TREO grade of 4,006 ppm over 117.5m. WRI geologists prepared and shipped 54 core samples to WSP for geomechanical analysis. WRI also provided WSP with televiewer logs collected during the program.
Chris Gibbs, CEO, commented:
“These first assay results continue to demonstrate the upside potential of the Halleck Creek district. The 2024 drilling indicated elevated rare earth mineralization of the CSM area extending well into Red Mountain. The sheer size and scale of the deposit continues to grow as these results confirm the deposit remaining open from surface to depths of at least 300m.”
Gibbs continued: “These drill holes allow us to expand our resource estimates into Red Mountain in the western portion of the CSM area. Our team continues to focus development on the CSM area, a portion of the Halleck Creek Wyoming State Tenements. With a pathway to State permitting and recent Government funding, the CSM area represents a unique opportunity to work with the State of Wyoming to rapidly advance the Project. When the remaining assay results are received, we will update our geological models and resource estimates. This data, together with the results of geomechanical test work, will provide the basis for detailed mine planning within our upcoming PFS.”
WRI geologists are also using the assay data, and whole rock geochemistry to update lithological designations of specific rock types within the Red Mountain pluton. Geological modelling domains are also being updated based on these rock type designations. Once the remaining assay samples are received from ALS geological models will be updated to reflect all data at the CSM Area.
This announcement is authorized for release by the CEO of American Rare Earths.
Full JORC Table available here
Competent Persons Statement:
The information in this document is based on company work performed in July and August 2024. This work was reviewed and approved for release by Mr. Dwight Kinnes (Society of Mining Engineers #4063295RM) who is employed by American Rare Earths and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 JORC Code. Mr. Kinnes consents to the inclusion in the report of the matters based upon the information in the form and context in which it appears.
American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) owns Wyoming Rare (USA) Inc. which is focused on the development of the Halleck Creek Project, WY. It also owns La Paz, AZ rare earth deposit. Both can potentially become the largest and most sustainable rare earth projects in North America. The Company is developing environmentally friendly and cost-effective extraction and processing methods to meet the rapidly increasing demand for resources essential to the clean energy transition and US national security. The Company continues to evaluate other exploration opportunities and is collaborating with US Government-supported R&D to develop efficient processing and separation techniques of (REEs) elements to help ensure a renewable future.
Further information:
Susan Assadi
Media Relations US
sassadi@americanree.com
347 977 7125
Beverly Jedynak
Investor Relations US
Beverly.jedynak@viriathus.com
312 943 1123
Figure 1 – 2024 Drill Hole Locations and Assay Summaries
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/44016a46-ad3f-4264-b14d-9a6e8a94c46c
CASPER, Wyo. — High school athletics in Wyoming could see some drastic changes in the coming years following legislative changes to the state’s education budget, the Wyoming High School Activities Association recently announced in a statement.
According to the WHSAA, Wyoming school districts are facing a projected $3.9 million shortfall in activities funding, forcing officials to consider significant cuts to high school sports and extracurricular programs.
The WHSAA shared details regarding a new “silo” funding model implemented by the Legislature, stating that the recalibrated block grant model reduced funding for student activities and extra-duty responsibilities from $46.3 million to $42.4 million, an approximately 8.4% decrease statewide.
WHSAA Commissioner Trevor Wilson said the restructuring also restricts district access to an additional $76.2 million in previously flexible funding.
“A significant portion of the [April 28 WHSAA Board of Directors] meeting was dedicated to discussing the projected funding shortfall,” Wilson wrote.
The WHSAA is weighing several strategies to address rising costs with fewer resources. Proposed changes include eliminating regional tournaments and reducing the number of teams qualifying for state events from eight to four; limiting wrestling to two classes and restricting track and field state participants to the top 16 marks; making cuts to soccer, indoor track and field, Nordic and Alpine skiing, swimming and diving, spring golf and tennis; and reducing in-person speech and debate events by half and centrally locating All-State Music events to minimize travel. The board also recommended increasing gate admission or implementing student participation fees to offset costs.
While the WHSAA release states that no plans have been finalized and the various changes are currently just possibilities, Natrona County School District 1 Board of Trustees member Mary Schmidt criticized the WHSAA’s handling of the news at Monday’s board meeting.
“I take some issues with this, [including] the sheer fact that we as Board of Trustees members have not talked about that at all,” Schmidt said. “It is not our intent and it has not been brought to us to cut our athletics or activities budget for the upcoming school year. … I take issue with them picking sports and getting the community upset and ginning them up to be upset that this is all going to be cut when that hasn’t been discussed.”
Later in the meeting, Superintendent Angela Hensley clarified that Natrona County School District 1’s athletics and activities budget saw a reduction of roughly $550,000 in the coming year’s budget, but said the local school district does not plan to cut any sports.
“Thank you, Trustee Schmidt, for saying this, because I think people are wondering — we are not planning to cut athletics and activities for next year,” Hensley said. “We do have to take a look at our entire budget as we have talked about, as we learn more about these new rules that come in.”
Related
Republished with permission from Wyoming News Now, a TV news outlet covering the Cheyenne and Casper areas.
Cheyenne City Council has introduced a temporary moratorium, or pause, on new data center construction.
“The end goal is to actually have regulations in place, to have really heavy public involvement with this with data centers,” said Councilman Mark Moody.
The proposed ordinance is not a permanent ban on data centers and would not affect data centers currently under construction.
Councilman Moody says this is a bipartisan issue.
“I just want to make this clear, I’m not against data centers. We do need them from a national security perspective,” he said.
He said there needs to be more public input and regulations regarding data centers in Cheyenne.
The ordinance would require city staff to study data center impacts such as electricity usage, electricity tariffs, closed-loop cooling systems, groundwater impacts, agricultural impacts, and land value.
Cheyenne LEADS, the economic development corporation for Cheyenne and Laramie County, reported in November 2025 that there are 12 operational data centers in Wyoming, five under construction and plans for 43 data centers announced across the state.
“There needs to be more public input with this, and also to see how many we can sustain here in this community, cause there are talks of 43, and then another day 70. How many can we sustain here?” said Councilman Moody.
The proposed moratorium will now go to the Public Services Committee on Monday, May 18 at noon in the Municipal Building.
Sheridan will play in the North Regional Tournament at Gillette, while the South Regional Tournament will be played at Rock Springs.
North Regional Tournament at Gillette:
Checking record vs. highest team in the quadrant not involved in the tie, Thunder Basin gets the #1 Northeast seed over Campbell County, because the Lady Bolts went 3-1 vs. Sheridan, whereas the Lady Camels went 2-2.
Friday, May 15th:
(#1 NE) Thunder Basin vs. (#4 NW) Jackson – 11am
(#2 NW) Natrona County vs. (#3 NE) Sheridan – 11am
(#2 NE) Campbell County vs. (#3 NW) Kelly Walsh – 1pm
(#1 NW) Cody vs. (#4 NE) Worland – 1pm
Semi-Finals:
Thunder Basin/Jackson winner vs. Natrona County/Sheridan winner – 3pm Winner qualifies for the state tournament.
Campbell County/Kelly Walsh winner vs. Cody/Worland winner – 5pm Winner qualifies for the state tournament.
Consolation Round:
Thunder Basin/Jackson loser vs. Natrona County/Sheridan loser – 3pm LOSER OUT!
Campbell County/Kelly Walsh loser vs. Cody/Worland loser – 5pm LOSER OUT!
Saturday, May 16th:
TBA vs. TBA – 10am LOSER OUT! Winner qualifies for the state tournament.
TBA vs. TBA – 10am LOSER OUT! Winner qualifies for the state tournament.
2 10am winners vs. each other – 1pm 3rd Place
TBA vs. TBA – 1pm 1st Place
South Regional Tournament at Rock Springs:
Friday, May 15th:
(#1 SW) Laramie vs. (#4 SE) Torrington – 11am
(#2 SE) Cheyenne East vs. (#3 SW) Green River – 11am
(#2 SW) Rock Springs vs. (#3 SE) Wheatland – 1pm
(#1 SE) Cheyenne Central vs. (#4 SW) Cheyenne South – 1pm
Semi-Finals:
Laramie/Torrington winner vs. Cheyenne East/Green River winner – 3pm Winner qualifies for the state tournament.
Rock Springs/Wheatland winner vs. Cheyenne Central/Cheyenne South winner – 5pm Winner qualifies for the state tournament.
Consolation Round:
Laramie/Torrington loser vs. Cheyenne East/Green River loser – 3pm LOSER OUT!
Rock Springs/Wheatland loser vs. Cheyenne Central/Cheyenne South loser – 5pm LOSER OUT!
Saturday, May 16th:
TBA vs. TBA – 10am LOSER OUT! Winner qualifies for the state tournament.
TBA vs. TBA – 10am LOSER OUT! Winner qualifies for the state tournament.
2 10am winners vs. each other – 1pm 3rd Place
TBA vs. TBA – 1pm 1st Place
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