American Rare Earths signs MoU with Novex on U.S. rare earth oxide-to-metal production

• American Rare Earths signed an MoU with Novex to convert Halleck Creek separated rare earth oxides into metals for permanent magnets.
• Novex will metallize NdPr oxide from the demonstration plant into metal suitable for magnet precursor use, with specs set jointly.
• Parties will co-design a U.S. rare earth metal production facility, targeting a fully domestic mine-to-magnet supply chain.
• Definitive long-term collaboration and supply agreement targeted within 12 months.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. American Rare Earths Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608170803PRIMZONEFULLFEED9811008) on August 17, 2026, and is solely responsible for the information contained therein.