American Rare Earths (ARR) H1 2026 earnings summary

Executive summary

• Advanced Halleck Creek Rare Earths Project with key technical, resource, and project milestones, including successful production of mixed rare earth oxalate and oxide confirming processing viability ahead of solvent extraction.

• Progressed mineral processing, beneficiation, and comminution optimization, and advanced permitting for future drilling and development.

• Strengthened leadership with appointment of Mark Wall as CEO (effective January 2026) and Jason Beckton as Non-Executive Director.

Financial highlights

• Raised $14.1m (net) via institutional placement and $5.98m from option exercises; total assets increased to $49.0m (from $31.3m as of 30 June 2025).

• Loss after tax for the six months was $3.07m, an improvement from $3.79m loss in the prior year period.

• Cash and cash equivalents at period end were $24.0m, up from $9.4m at 30 June 2025.

• Net operating cash outflow was $2.73m, reduced from $3.61m in the prior year period.

Outlook and guidance

• Strategic priorities for 2026 include advancing the Halleck Creek Pre-Feasibility Study, continued permitting, and demonstration-scale processing evaluation.

• Additional financial flexibility from asset sales and option exercises to support ongoing technical studies and development.