American Rare Earths (ARR) Investor presentation summary

Strategic positioning and market context

• Positioned as a U.S.-based supplier of critical magnet rare earth elements, supporting national security and industrial needs.

• U.S. law will ban Chinese-origin rare earth magnets in defense systems from January 2027, increasing domestic demand.

• China dominates global rare earth mining, refining, and magnet production, controlling over 90% of key supply chain stages.

• Export restrictions from China on key rare earths heighten the urgency for domestic supply.

Halleck Creek project highlights

• Halleck Creek in Wyoming is a world-class, multi-generational rare earth deposit with a JORC resource of 2.63 billion tonnes.

• The project is strategically located in a mining-friendly jurisdiction with established infrastructure.

• Mineralization remains open at depth and along strike, offering significant expansion potential.

• The Cowboy State Mine will be the initial development, leveraging state land for streamlined permitting.

Resource scale and competitive advantage

• Halleck Creek's 8.7Mt TREO and 2.5Mt strategic REO make it the largest U.S. rare earth resource by a wide margin.

• The project is the only U.S. asset combining tier 1 scale with meaningful strategic REO content.

• Multi-generational mine life potential far exceeds the typical 20-year mine lifespan.