American Rare Earths (ARR) Q3 2026 TU earnings summary

Executive summary

• Accelerated development of the Halleck Creek project, focusing on integration into the U.S. rare earth supply chain.

• Defined a Wyoming-led pilot plant pathway to produce pre-production rare earth oxide, enabling near-term product generation.

• Awarded a Whole of Property Development Assessment for district-wide planning at Halleck Creek.

• Initiated studies for downstream conversion of heavy rare earth oxides to metals, advancing toward permanent magnet manufacturing.

• Strengthened leadership with key appointments, including CEO/President consolidation and new roles in corporate development and permitting.

• Continued engagement with U.S. government on critical minerals policy and project support.

• Progressed Pre-Feasibility Study for Halleck Creek, targeting completion in late Q3 2026.

• Advanced work on a planned NASDAQ listing by end of 2026.

Financial highlights

• Cash and cash equivalents at 31 March 2026 totaled A$24.8 million, up from A$23.98 million in the previous quarter.

• Net cash used in operating activities was A$0.64 million for the quarter.

• Net cash used in investing activities was A$1.87 million, offset by A$2.9 million proceeds from asset sales.

• Raised A$0.3 million from option exercises and maintained a financial asset of A$0.4 million in Cobalt Blue Holdings.

• Estimated 11.7 quarters of funding available at current expenditure rates.

Outlook and guidance

• Plans to accelerate Halleck Creek development with infill drilling, pilot-scale processing, and expanded government and partner engagement.

• Focus on establishing a robust, scalable, and domestically aligned rare earth supply chain.

• Pre-Feasibility Study completion expected in late Q3 2026.

• NASDAQ listing targeted for completion by end of 2026.