PHOENIX, Jan. 24, 2023 (GLOBE NEWSWIRE) — American Rare Earths, Limited (ASX: ARR , OTCQB: ARRNF , FSE: 1BHA ) (the “Company”), an Australian company listed on the ASX and cross-listed in the US and Germany , with assets in the growing rare earth metals sector, is pleased to announce Melissa (Mel) Sanderson as the new President of North America.
Ms. Sanderson is an experienced leader in mining and diplomacy, with a global career spanning over 30 years. Mel brings to the role a wealth of industry expertise based on her time at global mining leader Freeport-McMoRan, in a corporate ESG role and as vice president for Africa. She is the recipient of numerous awards, including the US State Department Honorary Award and Women in Mining UK Top 100 Global Inspiring Women in Mining 2022.
Mel serves on several boards including American Rare Earths Limited, Advance Metals Limited, the Phoenix Foreign Relations Committee and chairs the Arizona Export Council. Sanderson will report to Chris Gibbs, managing director, as well as remaining on the ARR board as executive director.
Chairman Creagh O’Connor commented, “Mel is an outstanding leader and brings a wealth of experience to his role as head of our North American business based in Phoenix, Arizona. I couldn’t be more excited and pleased that Mel is taking on this appointment.”
Under Marty Weems’ leadership, the company established significant partnerships with various research organizations and the energy and defense departments. Mel is very well positioned to continue this relationship as she is well versed in working with US government agencies having served as a senior diplomat in the US State Department.
The company will further benefit from the fact that Mel was born in Wyoming, where ARR has a significant asset at its Halleck Creek rare earths project located in Platte and Albany counties on the southeast side of the ranch. The southern end of the Laramie Range is home to a massive rare earth pluton geological deposit estimated to be over one billion tons of ore, potentially making it the largest such project in the US with few global deposits rivaling such massive size and scope .
Mel takes on his new role following the departure of Marty Weems, who has accepted a role with a company outside the rare earth metals industry. “While we are disappointed to lose Marty, we would like to thank him for his outstanding service to American Rare Earths and wish him the best in the future.”
This marketing communication has been cleared for marketing by the US Rare Earth Elements Board.
Creagh O’Connor AM
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American Rare Earths Limited (ASX: ARR, OTCQB: ARRNF, FSE: 1BHA) is emerging as an alternative international supply chain to China’s market dominance in a global rare earths market expected to expand to US$20 billion by mid 2020s. The company’s mission is to supply critical materials for renewable energy, environmental technologies, electric vehicles, national security and a low-carbon future.
American Rare Earths is one of the few listed companies with exposure to the fast-growing US market, developing its 100% owned magnetic metals projects, Halleck Creek in Wyoming and La Paz in Arizona. Both have the potential to be among the largest rare earth deposits in North America. The company is simultaneously evaluating other exploration opportunities while collaborating with US government-supported research and development to develop a sustainable domestic supply chain for the renewable future.
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