Australia's American Rare Earths gains on securing $7 mln funding

American Rare Earths

27/06/2024 03:08

** Shares of American Rare Earths  ARR.AX  rise as much as
12.2% to A$0.275
    ** Stock set to gain most since April 26, if current gains
hold
    ** Rare earths explorer says grant proposal approved by
State of Wyoming for Cowboy State Mine at Halleck Creek
    ** Adds, secures A$10.7 million ($7.12 million) funding
    ** Stock hits its highest level since June 3
    ** Stock has risen over 48% this year, as of last close

($1 = 1.5038 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))