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AMERICAN RARE EARTHS American Rare Earths Limited ( ASX : ARR ) An Australian exploration company focused on the discovery & development of Rare Earths and Critical mineral resources in North America and Australia Commodity Exposure Rare Earth Elements , in the USA Heavy Mineral Sands and Cobalt in Australia Directors & Management Creagh O'Connor Non - Executive Chairman Keith Middleton Managing Director Geoff Hill Non - Executive Director Vice Chairman Denis Geldard Non - Executive Director Jim Guilinger Chief Technical Advisor Wayne Kernaghan Company Secretary Capital Structure Ordinary Shares on Issue 331,573,703 American Rare Earths Limited ARBN 003 453 503 Head Office 27 January 2021 December 2020 Quarterly Activities Report Highlights • • • US Presidential Executive Order codified by the US Congress along with $ 800m USD for R & D Critical Minerals Supply Emergency highlights strategic value of ARR's American rare earths projects in Arizona and Wyoming JORC 2012 compliant Technical Report issued on the Arizona La Paz Rare Earths and Scandium Project completed in November 2020 • JORC 2012 compliant total resource estimate reported for La Paz Rare Earth Project of 128.2Mt @ 373.4ppm ( 0.037 % ) Total Rare Earth Elements ( " TREE " ) • • • . • • Suite 706 Level 7 , 89 York St , Sydney NSW 2000 GPO BOX 1546 , Sydney NSW 2001 Tel +61 2 8054 9779 Email info@americanrareearths.com.au Web : https://americanrareearths.com.au/ • Metallurgical sampling undertaken at La Paz project plus assay samples taken in new areas of the La Paz Project La Paz Rare Earth drilling program preparations are well advanced , with archeological report completed , targets identified , contractors engaged , expected to commence drilling in March 2021 , permits pending Wyoming Rare Earths Project Acquisition - Share Purchase Agreement with Zenith Minerals Limited executed with 5 BLM claims now held by Wyoming Rare ( USA ) with amended completion date extended to 30 June 2021 Nevada Rare Earths project identified - 30km from the only operating USA REE mine ( Mountain Pass ) , reconnaissance surface chip samples collected and submitted for assay and petrographic study for new claims targeted in Nevada ( State ) $ 2.4 million raised before costs from a successful Placement of fully paid ordinary shares and free attaching options to professional and sophisticated investors Annual General Meeting held on 11 November 2020 with all resolutions passed Appointment of Mr. Keith Middleton as Managing Director and Mr. Wayne Kernaghan as Company Secretary American Rare Earths Limited ( ASX : “ ARR ” ) ( " the Company " ) is pleased to provide the following activities report for the December 2020 Quarter .