American Rare Earths (OTCMKTS:ARRNF) Stock In Focus After Project Update
Today American Rare Earths (OTCMKTS:ARRNF) is in the news cycle after the company came up with an update with regards to the metallurgical test work that had been conducted on the ore extracted from the Halleck Creek Project in Wyoming. One of the world’s foremost engineering companies, Wood PLC, had been responsible for the metallurgical test work that had been conducted thus far at the site.
Further Update to Halleck Creek Rare Earth Project
The work has indicated that the ore was responsive to conventional technology and that was an important takeaway. Such an attribute would provide significant opportunities for reducing the operating and capital costs of the project. Hence, it can be said that the findings were quite positive for the company as a whole.
The Managing Director and Chief Executive Officer of the company Chris Gibbs spoke about the latest development as well. He noted that the latest metallurgical test results were highly encouraging and indicated that the Halleck Creek Project was progressing well.
He went on to add metallurgy was the key to any project and the recent results surpassed the expectations of the management as well. It could be a good move for investors to consider adding the American Rare Earths stock to their watch lists.