American Rare Earths Appoints Mark Wall as Chief Executive Officer to Lead Next Phase of U.S. Growth
Globenewswire·2025-12-08 13:17

Core Viewpoint - American Rare Earths has appointed Mark Wall as the new CEO, effective January 5, 2026, to lead the company in its transition from an explorer to a U.S. producer of rare earth elements [1][2]. Company Developments - Mark Wall brings over 30 years of global mining experience, including senior leadership roles in major mining companies, which aligns with the company's goals [2]. - The company has achieved significant milestones, including an upgraded mineral resource estimate for the Cowboy State Mine and advancements in impurity removal processes [3]. - American Rare Earths is advancing a pre-feasibility study and planning a demonstration plant to validate its processing flowsheet [4][5]. Strategic Focus - Under Wall's leadership, the company will focus on completing the Halleck Creek prefeasibility study, advancing the demonstration plant, and leveraging relationships for non-dilutive funding opportunities [5][6]. - The company is also preparing for a potential U.S. listing to broaden its investor base and reflect its U.S. project footprint [5][6]. Project Significance - The Halleck Creek project is positioned to reduce U.S. reliance on rare earth imports, particularly from China, and is essential for national defense and economic security [9]. - The project benefits from cost-efficient open-pit mining methods and streamlined permitting processes in Wyoming, enhancing its potential for securing America's critical mineral independence [8][9].