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Highlights
- New CFO and US-based board member appointed
- Focus sharpens on Halleck Creek development
- Moves align with US critical minerals strategy
American Rare Earths (ASX:ARR) has made significant additions to its executive leadership as it advances the development of its flagship Halleck Creek Rare Earths Project in Wyoming, USA. The company has appointed Brian Arkell as a US-based non-executive director and Megan McPherson as chief financial officer, with both roles effective from May 5.
These appointments arrive at a pivotal time, with the company focused on positioning itself as a key domestic supplier of critical minerals to the United States. The leadership expansion aims to support this vision through deeper technical expertise and enhanced financial oversight.
Brian Arkell brings more than 30 years of global experience in mineral exploration, development, and operations. His portfolio includes leadership roles in some of the world’s largest mining projects across the Americas and Southeast Asia. His career highlights include work on major gold and copper-gold assets such as Yanacocha in Peru, Batu Hijau in Indonesia, Merian in Suriname, and Magino in Canada. Most recently, Arkell served as vice president of Exploration and Mine Technical Services at Argonaut Gold, where he managed operations across five active mines and several development-stage projects.
Megan McPherson steps into the CFO role with over 23 years of experience in financial management and corporate governance within the resources sector. She previously served as CFO and company secretary at Group 6 Metals Limited (ASX:G6M). At American Rare Earths, McPherson will lead capital management, treasury functions, investor relations, compliance, and risk management.
These strategic appointments come as the company progresses development of its massive Halleck Creek Project, which hosts a JORC-compliant resource of 2.63 billion tonnes, making it one of the largest rare earth deposits in the United States. The project is a cornerstone in American Rare Earths’ vision of a vertically integrated mine-to-market supply chain that supports reduced reliance on imports, particularly from China.
This move could also catch the attention of investors monitoring ASX dividend stocks, especially those with an interest in companies involved in critical minerals. As part of the broader ASX200 landscape, American Rare Earths is demonstrating a commitment to long-term strategic growth and national resource independence.
With ongoing progress toward onsite processing and separation facilities, American Rare Earths is aligning its operational roadmap with the increasing demand for rare earth elements in the clean energy and defense sectors.
