Australia's American Rare Earths jumps on promising assay results at U.S. project
28/06/2022 04:14
** Shares of American Rare Earths ARR.AX jump as much as
30.4% to A$0.3, hitting their highest level since June 9
** The rare-earths explorer says its recent exploration
drilling at its Halleck Creek project in Wyoming, U.S. received
"highly promising" high-grade assay results urn:newsml:reuters.com:*:nASX1vJssf
** Stock posts its biggest intraday percentage gain since
June 16
** Co says it is now developing a more comprehensive
drilling program with the objective of defining a high tonnage
maiden joint ore reserves committee resource and updating the
exploration target
** ARR up 39.4% YTD, as of last close
(Reporting by Riya Sharma in Bengaluru)
((Riya.Sharma@thomsonreuters.com;))
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