>

American Rare Earths Forges a New Path to Accelerate Development of Key Wyoming Asset

Highlights:

• A new focus on the development of the Halleck Creek Project to enhance shareholder value
• 100% owned subsidiary Wyoming Rare USA Inc.

A new era of American Rare Earths with Wyoming Rare Inc.

American Rare Earths ARR has announced operational and structural changes to expedite the development of the Halleck Creek Project. These changes include the establishment of Wyoming Rare Inc. (WRI), a wholly owned subsidiary of American Rare Earths, which will take on the development and operation of the Halleck Creek Project. This strategic move will allow American Rare Earths to focus on its core mission of advancing the development of the Halleck Creek Project, while WRI will be responsible for the day-to-day operations of the project. The establishment of WRI is a significant step in the development of the Halleck Creek Project, as it will provide the project with the resources and expertise to maximize its potential and deliver value to shareholders. In addition to the establishment of WRI, American Rare Earths has also secured a successful grant proposal from the State of Wyoming for the Cowboy State Mine at Halleck Creek. This grant will provide funding for the development of the mine, which is expected to create jobs and boost the local economy.