American Rare Earths (ASX:ARR) is examining multiple pathways to achieve a listing on the Nasdaq, including a compliance listing, an initial public offering, and alternative US listing structures.
The company has engaged a North American financial advisor to evaluate transaction options, timing, and positioning for institutional and retail capital.
BDO Audit is now advancing a public company accounting oversight board (PCAOB) audit, which is a prerequisite for Nasdaq.
American Rare Earths is also converting its Halleck Creek mineral resource and reserve reporting to the US Securities and Exchange Commission’s Regulation S-K subpart 1300 standard.
CEOr Mark Wall says Nasdaq is the right home for American Rare Earths.
“Our flagship Halleck Creek project is a US asset of strategic national significance, and our listing platform should reflect that,” Wall says.
“The company is committed to a Nasdaq listing and, with a leading North American financial advisor, we are actively examining all viable pathways to identify the structure that best serves shareholders.
“The recent signing of executive order 14415 sharpens the strategic case for that work.
“By restricting waivers of the 10 U.S.C. § 4872 covered materials prohibition and requiring prime defence contractors to qualify domestic sources, the order reinforces the demand outlook for US-based rare earths projects like Halleck Creek and the value of being listed and followed in the US market.”
American Rare Earths is a critical minerals company focused on advancing Halleck Creek through its wholly owned subsidiary, Wyoming Rare (US).
Write to Paula Fabe at Mining.com.au
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