American Rare EARTHS Ltd (arr) Logo

American Rare EARTHS Ltd (ARR)

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ARR Chart

Snapshot

ARR's Principal Activity is the discovery and development of rare earths and critical minerals in North America and Australia.

Share Price Activity

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Performance

1 Week
1 Month
2022 YTD
1 Year
vs Sector (1yr) +393.94%
vs ASX 200 (1yr) +390.84%

Size

Market Cap Question Mark Icon
Excludes mandatory escrowed shares and foreign shares.
ASX Rank 890 of 2,413
Sector Rank 191 of 886

Key Fundamentals

Shares Issued
Sector Basic Materials
Similar Companies HYM / AZY / HCH
EPS -$0.002
DPS $0.00
Book Value Per Share $0.03

Broker Consensus

ARR is not covered by a major broker, or data from most recent compilation was omitted due to not meeting QA guidelines.

Announcements

Date Heading Pages File Size Time

Corporate Overview

American Rare Earths Limited (ARR, formerly Broken Hill Prospecting Limited) is exploration entity focused on the discovery and development of rare earths and critical minerals in North America and Australia.

Incorporation Details

Incorporated The Company was incorporated in New Zealand on 29th October 1986 as a public company. It changed its name to Broken Hill Prospecting Limited on 17th November 2009.

Corporate Details

Head Office Parnell Auckland New Zealand 1052
Website americanrareearths.com.au
Registry Computershare
Auditor IRCS Limited
Date Listed 17 Feb 2011

Upcoming Calendar (Forecasted)

Date Event
26/07/2022 Report (Quarterly)
19/09/2022 Report (Annual)
21/10/2022 Report (Quarterly)
20/01/2023 Report (Quarterly)

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
No dividends paid.

See Upcoming Dividends for all ASX companies.

Directors & Management

Directors & Management

Name Title Since Bio
Mr Noel Whitcher Chief Financial Officer,Company Secretary Mar 2022
Mr Richard Hudson Non-Executive Director Feb 2022

Mr Richard Hudson

Non-Executive Director

Mr Hudson has business experience in financial management and governance. Richard has been a Chartered Accountant for over 40 years and owned and managed his own practice for 38 years. Richard has experience in corporate governance & internal controls, resolving shareholder disputes, advising on business sales, acquisitions & mergers. He is currently Chairman of a private Contract Research Organisation in Animal Health operating in Australia & New Zealand. He is Company Secretary of a group of Emergency Veterinary Practices operating throughout Australia. He was previously Chairman for many years of manufacturing business operating in the marine industry in Australia, New Zealand, and Asia. Richard has also for many years held volunteer positions in sporting organisations.

Mr Sten L Gustafson Non-Executive Director Jan 2022

Mr Sten L Gustafson

Non-Executive Director

Mr Gustafson is an experienced energy service industry executive, investment banker, and corporate securities attorney. With over 25 years of experience in the global energy sector, Mr Gustafson has advised on over 100 corporate transactions around the world. Mr Gustafson is currently serves as the Chief Executive Officer and a director of Pyrophyte Acquisition Corp. (NYSE: PHYT), a Special Purpose Acquisition Company (SPAC) focused on companies that provide products, services, equipment, and technologies that support a various energy transition solutions. Since 2018, Mr Gustafson has served as Chairman of the Board of Directors of the publicly traded Norwegian company, Golden Energy Offshore and has also served as an independent director for Western Rare Earths, the U.S. subsidiary of Australian rare earth mining company, American Rare Earths, since 2020. From 2012 to 2014, Mr Gustafson was Chief Executive Officer and Director of Era Group Inc. (previously NYSE: ERA), where he led the spin out of Era from Seacor Holdings in January 2013, generating record quarterly revenues every quarter during his tenure while meaningfully de-leveraging the balance sheet. From 2017 to 2018, Mr Gustafson served as a member of the Founding Steering Committee created by the Public Investment Fund of Saudi Arabia to establish a private commercial helicopter operator (The Helicopter Company) in the Kingdom of Saudi Arabia. From 2017 to 2019, Mr Gustafson served as a director at CHC Helicopter.

Ms Melissa (Mel) Sanderson Non-Executive Director Nov 2021

Ms Melissa (Mel) Sanderson

Non-Executive Director

Ms Sanderson has more than 30 years of experience across diplomacy and mining and also has leadership experience in inclusivity and diversity issues. At Freeport-McMoRan, Mel sited, staffed, and ran a corporate office focused on government, public relations, and social responsibility programs. She served the United States of America as a senior diplomat in the US Department of State. As chargee d'affaires, she led the US Embassy in Kinshasa. She has numerous awards, including the Athena Award for the Private Sector, and the Phoenix Business Journal's Dynamic Women in Business. She serves as Chair of both the Phoenix Committee on Foreign Relations and the Arizona District Export Council. She is experienced in multi-cultural management, gender/minority issues, strategic planning, negotiations, political and economic analysis, and economic development. Her awards and honors include: 2019 Global Champion, Mayor of Phoenix; Athena Businesswoman of the Year 2015 Private Sector Award, Greater Phoenix Chamber of Commerce; 2018 Global Business Executive of the Year, Global Chamber; Twenty-Five Dynamic Women of Business 2014, Phoenix Business Journal; and 2020 Member, Flinn-Brown Fellowship Civic Leadership Program. Her leadership roles include: Chair, Arizona District Export Council; Chair, Phoenix Committee on Foreign Relations; Chair, Mining Committee of Arizona Mexico Commission; Director of Trade and Consulting Operations, Africa Business Portal; Chair, International Advisory Council, Global Chamber; Past President, Phoenix Committee on Foreign Relations (2015-2017); Board Member, Arizona Mexico Commission; Board Member, Arizona Council for Economic Education; Board Member, Japanese Friendship Garden; Member, Arizona Association of University Women; Member, Advisory Council, Global Leadership Coalition; Member, International Leadership Council and Global Advisory Board of Greater Phoenix Economic Council.

Mr Chris Gibbs Chief Executive Officer,Managing Director Nov 2021

Mr Chris Gibbs

Chief Executive Officer,Managing Director

Mr Gibbs has over 28 years of experience in the resource sector within Australia, Canada, USA, South America, Africa, and Europe. He joined Argonaut Gold in 2018 as Vice President and General Manager of the Magino Project. Prior to joining Argonaut Gold, he held various leadership roles with Centerra Gold, including VP of Operations, VP Operational Excellence and VP General Manager of the Langeloth Metallurgical Facility in Pittsburgh, Pennsylvania. Before Centerra Gold acquired Thompson Creek Metals, he was the VP General Manager of the Endako Mine in British Columbia, and VP, Human Resources in Denver, Colorado. He has also held various leadership roles in operational improvement and organization effectiveness with Barrick Gold, Placer Dome and Millennium Chemicals.

Mr Clarence McAllister Non-Executive Director Sep 2021

Mr Clarence McAllister

Non-Executive Director

Mr McAllister has over 30 years of experience in engineering and construction and has been the Chairman of the Board of the wholly owned subsidiary Western Rare Earths for the last two years. He is also the Founder and Chief Executive Officer of Fortis Engineers, an electrical and mechanical engineering firm based in Phoenix, Arizona. Mr McAllister is a member of the Arizona Board of Technical Registration which regulates the professions of Architecture, Engineering and Land Surveying and serves on the Arizona Supreme Court Alternative Business Structure Board. He is also a member of the Young Presidents Organization.

Mr Wayne John Kernaghan Company Secretary Sep 2020
Mr Marty Weems Chief Executive Officer Jun 2020
Mr Geoffrey Guild Hill Non-Executive Director Aug 2015

Mr Geoffrey Guild Hill

Non-Executive Director

Mr Hill has acted for a wide range of corporate clients in Australia and overseas, particularly in the resources sector. He is Chairman of the International Pacific Securities Group and Chairman of ASX listed company Pacific American Holdings Limited.

Mr Denis Geldard Non-Executive Director Aug 2015

Mr Denis Geldard

Non-Executive Director

Mr Geldard has over 40 years technical and operational experience in exploration and project development in Australia and internationally. He has over 20 years experience specifically in the Heavy Mineral Sands Industry with companies such as Western Titanium Ltd, Associated Minerals Consolidated and Iluka Resources. Denis is a Mining Engineering graduate from the Kalgoorlie School of Mines in Western Australia. He has managed and run a number of junior and mid-tier mining and exploration companies and mining operations over the past 40 years including directorships of a number of Australian listed mining and exploration companies.

Mr Francis Creagh Henry O'Connor Non-Executive Chairman,Non-Executive Director Jun 2000

Mr Francis Creagh Henry O'Connor

Non-Executive Chairman,Non-Executive Director

Mr O'Connor has approximately 40 years senior management experience in providing consulting and advisory services for oil, gas and mineral projects throughout Australia and overseas. He is a leading consultant for Australian construction and development consortiums. He has served as a Director and Chairman on a number of listed and private companies.

Director Transactions

ARR directors must report any change in shareholding to the ASX within 5 business days.

See Director Transactions for all ASX companies.

Date Director Type Amount Price Value Notes
13/05/22 Denis Geldard Sell +100,000 $0.36 ($36,000) On-market trade
31/03/22 Denis Geldard Sell +100,000 $0.48 ($48,000) On-market trade
23/12/21 Keith Middleton Sell +1,250,000 $0.16 ($200,000) On-market trade
07/12/21 Chris Gibbs Issued 1,500,000 $0.165 $247,500 Issue of securities
07/12/21 Chris Gibbs Issued 1,500,000 $0.165 $247,500 Issue of options
06/12/21 Keith Middleton Buy +100,000 $0.16 $16,000 On-market trade
06/12/21 Geoffrey Hill Buy +200,000 $0.161 $32,159 On-market trade
01/12/21 Francis O'Connor Issued 3,000,000 $0.155 $465,000 Issue of options
01/12/21 Keith Middleton Issued 2,000,000 $0.155 $310,000 Issue of options
01/12/21 Geoffrey Hill Issued 2,000,000 $0.155 $310,000 Issue of options
01/12/21 Clarence McAllister Issued 2,000,000 $0.155 $310,000 Issue of options
01/12/21 Denis Geldard Issued 2,000,000 $0.155 $310,000 Issue of options
07/09/21 Geoffrey Hill Buy +150,000 $0.166 $24,898 On-market trade
02/09/21 Denis Geldard Sell +1,000,000 $0.182 ($182,000) On-market trade
03/08/21 Geoffrey Hill Buy +500,000 $0.097 $48,742 On-market trade
01/03/21 Denis Geldard Issued 500,000 $0.089 $44,500 Placement
01/03/21 Geoffrey Hill Issued 2,916,667 $0.089 $259,583 Rights issue
01/03/21 Keith Middleton Issued 250,000 $0.089 $22,250 Placement
15/02/21 Geoffrey Hill Sell +3,757,995 $0.105 ($394,589) Ceased association with an entity
15/02/21 Geoffrey Hill Issued 116,131 $0.105 $12,193 Rights issue
20/01/21 Geoffrey Hill Issued 562,128 $0.115 $64,644 Rights issue
22/12/20 Geoffrey Hill Buy +100,000 $0.071 $7,138 On-market trade
16/12/20 Geoffrey Hill Buy +500,000 $0.076 $38,127 On-market trade
18/11/20 Keith Middleton Issued 7,000,000 $0.004 $30,000 Issue of securities
18/11/20 Denis Geldard Issued 4,000,000 $0.015 $60,000 Issue of securities
08/10/20 Geoffrey Hill Sell +2,520,000 $0.155 ($390,600) Ceased association with an entity
24/09/20 Matthew Hill Transfer 5,000 $0.032 $160 Off-market transfer
24/09/20 Matthew Hill Transfer 5,000 $0.032 $160 Off-market transfer
12/03/20 Geoffrey Hill Buy +1,000,000 $0.012 $12,120 On-market trade
12/03/20 Geoffrey Hill Buy +1,000,000 $0.012 $12,120 On-market trade
04/03/20 Geoffrey Hill Buy +750,000 $0.015 $11,243 On-market trade
04/03/20 Geoffrey Hill Buy +750,000 $0.015 $11,242 On-market trade
24/02/20 Geoffrey Hill Issued 29,600,347 $0.015 $444,005 Rights issue
15/01/20 Denis Geldard Issued 1,000,000 $0.018 $18,000 Issue of securities
12/11/19 Francis O'Connor Expiry 1,500,000 $0.025 $37,500 Options expired
12/11/19 Matthew Hill Expiry 1,500,000 $0.025 $37,500 Options expired
12/11/19 Denis Geldard Expiry 1,500,000 $0.025 $37,500 Options expired
12/11/19 Geoffrey Hill Expiry 3,957,264 $0.025 $98,932 Options expired

Director Interests

The current holdings of ARR directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Denis Geldard 13/05/2022 0 4,818,475 2,000,000 N/A
Richard Hudson 08/02/2022 0 N/A N/A N/A
Sten Gustafson 07/01/2022 N/A N/A 2,000,000 N/A
Chris Gibbs 07/12/2021 0 1,500,000 1,500,000 N/A
Geoffrey Hill 06/12/2021 N/A 78,647,392 2,000,000 N/A
Clarence McAllister 01/12/2021 0 N/A 2,000,000 N/A
Francis O'Connor 01/12/2021 0 N/A 3,000,000 N/A
Melissa (Mel) Sanderson 12/11/2021 N/A N/A 2,000,000 N/A

Shareholder Info

Top 20 Shareholders

Data supplied by Morningstar and accurate on Sep 2, 2021.

It's not possible to publish a real-time Top 20 Shareholder list. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). If a company chooses to publish the data, it's usually once a year in their Annual Report.

All data is manually compiled so there might be a delay between the Annual Report being published and the data appearing on Market Index (<7 days for ASX 300 and up to 30 days for micro-caps).

Name Shares Capital
Hill Family Group Pty Ltd 56,871,000 16.47%
Ips Nominees Limited 7,432,100 2.15%
Middleton Nominees (SA) Pty Ltd 7,250,000 2.10%
BNP Paribas Nominees Pty Ltd Acf Clearstream 6,551,815 1.90%
Aiken & Associates Limited 5,154,979 1.49%
Winkara pty ltd 5,018,475 1.45%
Citicorp Nominees Pty Ltd 4,933,769 1.43%
Willyama Asset Management Pty Ltd 4,487,500 1.30%
Ms Phaik Chin Lim 4,233,334 1.23%
R E G Investments Pty Ltd 4,106,250 1.19%
HSBC Custody Nominees (Australia) Limited 4,044,298 1.17%
Mr John Wardman 3,825,000 1.11%
Coonan Family Superannuation Fund Pty Ltd 3,400,000 0.98%
ACM group pty limited 3,319,946 0.96%
Dovido Pty Ltd 3,100,000 0.90%
Mr Kaide Wang 3,000,000 0.87%
Hong Kong Nominees Limited 3,000,000 0.87%
Mr Ianaki Semerdziev 2,950,000 0.85%
Mrs Deborah O'Sullivan and Mr Gavin O'Sullivan 2,881,696 0.83%
Hong Kong Far East Capital Limited 2,880,000 0.83%

Shareholder Distribution

As reported in the most recent Annual Report.

Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001+ Total
No. of Shareholders 106 318 606 1,369 410 2,809

Substantial Shareholders

A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list.

Shareholding changes less than 1% do not require notification to the market. When all “Last Notice” dates are identical, it suggests that no (or minimal) change has occurred since the most recent Annual Report.

Name Last Notice Total Shares Shares Held (%)
FIL Limited and the entities 09/12/2021 38,800,000 9.94
Hill Family Group Pty Ltd 09/12/2021 56,891,000 14.57

Shareholders Buying

12 month transaction history compiled from ASX announcements.

Date Name Bought Previous % New %
09-12-21 Hill Family Group Pty Ltd 2,495,000 16.49 14.57
09-12-21 FIL Limited and the entities 38,800,000 -- 9.94

Shareholders Selling

12 month transaction history compiled from ASX announcements.

No sell transactions reported by Substantial Shareholders in the past 12 months.

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2021 $0.077 30 June
ARR Historical Price Data (CSV)
Up to 20 years of EOD share price history
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