American Rare Earths 'in good position in the US market’, according to Taylor Collison

American Rare Earths Ltd (ASX:ARR) (FRA:1BHA) is poised and ready to take advantage of recent legislation in the US to promote domestic upstream and downstream production of rare earths, including the provision of US$800 million for research & development.

Adelaide broker Taylor Collison Limited is confident the company is strategically placed in the US market, with the re-joining of the Paris Accord by the Biden administration also expected to drive US domestic growth in the take-up of green technologies - key users of the targeted metals.

The broker said: "This presents an ideal opportunity for companies to move into the rare earth space in the US, both in mining/processing and in taking part in R & D in processing technologies.

"American Rare Earths has recognised this, setting up operations in the US."*La Paz resource*

The company's La Paz Rare Earths and Scandium Project in Arizona has an indicated and inferred mineral resource estimate of 128.2 million tonnes at 0.037% total rare earth elements (TREE)

The Laramie Rare Earths Project in Central Wyoming is in process of being acquired from Zenith Minerals Ltd (ASX:ZNC) (FRA:ZCB) and the company has also identified another project in Nevada, 30 kilometres from Mountain Pass, the only operating rare earths mine in the US.

Samples have been collected for assaying and petrographic analysis in preparation for staking and claim filing.