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American Rare Earths, Novex sign MoU for rare earth oxides
American Rare Earths (ARR) has entered into a memorandum of understanding (MoU) with Novex, a US-based company, for rare earth oxides (REOs). The agreement establishes a framework for converting REOs produced at the Halleck Creek Project in Wyoming into metals used in permanent magnets. The MoU was signed through ARR's fully owned subsidiary, Wyoming Rare (USA). Under the …