Wyoming Energy Authority to Provide Funding for Cowboy State Mine 

$7.1 Million Approved for American Rare Earths

The Wyoming Energy Authority announced today that American Rare Earths (ARR) will receive $7.1 million from Wyoming to support its Cowboy State Mine in Halleck Creek, Wyoming. 

In 2020, the Wyoming Legislature appropriated $12 million to support specific forms of energy research.  The statute dictates, “if funds remain after any grant expenditures, remaining funds shall be deposited into an account and available for expenditure by only the Wyoming Energy Authority subject to approval by the University of Wyoming Energy Resources Council and the Governor for purposes of a rare earth pilot processing facility.” These funds are now available and have been allocated to the American Rare Earths project.  


“We are thrilled to receive this support from the Wyoming Energy Authority, which not only represents technical validation of the project by industry experts at the Energy Resources Council at the University of Wyoming and WEA, but a shared commitment to permit and develop a commercial rare earth mine and processing facility in Wyoming,” said Donald Swartz, CEO of American Rare Earths. “This funding announcement comes on the heels of our most recent project update and this non-dilutive funding will be used to meet those objectives.  Wyoming is committed to lead the U.S. energy industry and support like this is why the state has been so successful in attracting investment in exploration and mining across the resource sector. This grant will assist the Company in expediting its project development of the Cowboy State Mine, and we are excited for things to continue to progress. 


“Wyoming is investing in the future of the energy industry and exploring new opportunities,” said WEA Executive Director Rob Creager. “The American Rare Earths Mine, supported through the Wyoming Energy Authority and the State of Wyoming, will give us greater insight into potentially one of the largest deposits of rare earth materials in the United States. And, like previous grant recipients, we look forward to what this project will bring our state and nation.”