American Rare Earths Ltd · ASX:ARR
American Rare Earths — Investor Presentation (February 2026)
16 slides from American Rare Earths's investor presentation, February 2026
Slide 1: February 2026 Investor Presentation
(ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) February 2026 Investor Presentation THE HOME GROWN LONG-TERM DOMESTIC RARE EARTHS SOLUTION
Slide 2: Forward Looking Statement
Forward Looking Statement Disclaimers Competent Person Statement This presentation contains forward-looking statements that involve This work was reviewed and approved for release by Mr Kelton Smith (Society of Mining Engineers #4227309RM) who is subjective judgement and analysis and accordingly, ar
Slide 3: The U.S. Requires a Secure "Mine to Magnet" Supply Chain
The U.S. Requires a Secure “Mine to Magnet” Supply Chain for Its Most Critical Technologies • Key technologies vital for economic growth and national defense depend on high- performance magnets. • These magnets are made from rare earth elements (REEs) whose supply chains are concentrated overseas. •
Slide 4: The Solution is Located: A Massive, World-Class Generational Rare Earth Deposit in Wyoming
The Solution is Located: A Massive, World-Class Generational Rare Earth Deposit in Wyoming Status: Complete Confirmed on a global scale, providing a generational resource for the United States. Scale: A Massive Deposit JORC resource estimate of 2.63 billion tonnes1. Jurisdiction: Wyoming Located in
Slide 5: Unlocking Rare Earths From Allanite: The Halleck Creek Three-Part Proven Technology Application
Unlocking Rare Earths From Allanite: The Halleck Creek Three-Part Proven Technology Application THE PROBLEM: HISTORICALLY CHALLENGING ORE THE SOLUTION: ARR’S THREE-PART SOLUTION ADVANTAGEOUS ORE PROVEN APPROACH KNOWN TECHNOLOGY Chemical Nightmare: Prohibitively No Proven Nature’s Head Start The 10x
Slide 6: The Investment Case: A Unique Combination of U.S. Location, Scale, and Value
The Investment Case: A Unique Combination of U.S. Location, Scale, and Value United States National Resource, Strategic Supply 1. World-Class Resource: A 2.63 billion tonne JORC resource with critical magnet making rare earth elements. 2. Strategic Location & Planning: First 20-30 years on Wyoming s
Slide 7: A Generational Asset: The Foundation for U.S. Rare Earths Independence
A Generational Asset: The Foundation for U.S. Rare Earths Independence 2.63 BILLION TONNES Total JORC Mineral Resource Estimate • The Cowboy State (Phase 1) accounts for only ~20% of the larger Halleck Creek deposit. • The resource is rich in magnet metals, with Neodymium and Praseodymium (NdPr) acc
Slide 8: Development Pathway (Under Review)
Development Pathway (Under Review) 8
Slide 9: Validated by Strong Government and Financial Support
Validated by Strong Government and Financial Support $7.1M in non-dilutive grant funding from $456M the State of Wyoming1 (non-binding letter of interest)2 Purpose: To advance the development Implication: This amount is linked to the 3MT of the Cowboy State Mine and validate case in the scoping stud
Slide 10: A Long-Term Solution to Feed the U.S. Magnet Industry
A Long-Term Solution to Feed the U.S. Magnet Industry Standard Mine Life ~20 Years Multi-hundreds of years of domestic rare earths supply. Halleck Creek Potential 100+ years of Mine Life • Comparison: Resource size is far in excess of any other US domestic opportunity. • Strategic Value: This is not
Slide 11: The Halleck Creek Opportunity: A Foundational Asset for America's Technology Independence
The Halleck Creek Opportunity: A Foundational Asset for America’s Technology Independence A Generational Technically Resource Sound Several hundred years Process proven at small of domestic rare earth scale with a clear path to supply. production. A Disciplined The Complete Plan Solution A milestone
Slide 12: Appendices
hs. APPENDICES
Slide 13: Appendix A: Halleck Creek JORC Mineral Resource Estimate
Appendix A: Halleck Creek JORC Mineral Resource Estimate 2.63 BILLION TONNES Total JORC Mineral Resource Estimate Grade Contained Tonnage TREO LREO HREO MREO TREO LREO HREO MREO (Mt) (ppm) (ppm) (ppm) (ppm) (kt) (kt) (kt) (kt) Measured 1,479 3,334 2,963 361 859 4,931 4,383 535 1,271 & Indicated Infe
Slide 14: Appendix B: Preliminary Mineral Processing Flowsheet
Appendix B: Preliminary Mineral Processing Flowsheet1 American Rare Earths mineral processing flowsheet, to unlock Halleck Creek’s immense rare earth resource and become the next producing mine in the United States. 1. See ASX release dated November 10, 2025 for more details. 14
Slide 15: Appendix C: Leadership
Appendix C: Leadership Board of Directors Richard Hudson Sten L. Gustafson Melissa Sanderson Jason Beckton Brian Arkell Chairman Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director +40 years experience / Deputy Chairman +30 years experience in +30 years experi
Slide 16: American Rare Earths Limited
American Rare Earths Limited ABN 83 003 453 503 89 York Street Level 7, Suite 706 Sydney NSW 2000 Australia P +61 2 8054 9779 1658 Cole Boulevard Suite G30 Lakewood, Colorado 80401 United States ASX : ARR OTCQX: ARRNF (ADR) AMRRY
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