American Rare Earths (ARE) to Appoint Veteran Miner Matthew Gili as Non-Executive Director

Executive Summary

• American Rare Earths Limited announced the appointment of Matthew D. Gili as a Non-Executive Director, effective upon completion of Australian regulatory formalities.
• The appointment is a key component of a broader Board renewal program designed to support the company's targeted NASDAQ compliance dual-listing in H2 2026 and a prospective full U.S. domicile in 2027.
• Gili will join the Company's Technical Committee to directly advance the Halleck Creek Definitive Feasibility Study, leveraging his 25+ years of mining and hydrometallurgical expertise.

Key Details

• Appointee: Matthew D. Gili, B.Eng, BSc
• Current Role: President & CEO of Ur-Energy Inc. (NYSE American: URG / TSX: URE), an operating Wyoming uranium company
• Experience: 25+ years in mine-building; former COO of Oyu Tolgoi (Rio Tinto) and Chief Technical Officer for Barrick; Wyoming resident with direct operational experience in Wyoming's regulatory, permitting, and community environment
• Committee Role: Will join the Company's Technical Committee to contribute directly to the Halleck Creek Definitive Feasibility Study program
• Strategic Milestones: Board renewal supports NASDAQ compliance dual-listing targeted in H2 2026; prospective shareholder vote on U.S. domicile planned for 2027
• Processing Synergy: Gili's ISR uranium hydrometallurgy experience (acid leaching, solvent extraction, ion exchange) is directly transferable to Halleck Creek's rare earth processing development
• Project Update: 2026 FS-level drilling program commenced in May 2026 at the Cowboy State Mine within Halleck Creek, targeting geological/geotechnical data for ore reserve estimates and pilot-scale metallurgical testwork
• Corporate Governance Actions: BDO Audit Pty Ltd appointed as U.S.-standard auditor; Rimon engaged as U.S. securities counsel to guide SEC registration and disclosure requirements

Notable Quotes

• Mark Wall, Chief Executive Officer: “The intended addition of Matt to our Board of Directors further demonstrates our commitment to advancing the largest rare earth element deposit on a total contained rare earths basis in the United States toward construction and operations... Matt's experience managing ISR uranium operations in Wyoming gives him first-hand knowledge of the hydrometallurgical processing chemistry that will be central to bringing Halleck Creek into production.”
• Matthew D. Gili, Non-Executive Director (designate): “ARE is at a pivotal moment for the domestic rare earths industry... My experience leading ISR uranium operations in Wyoming has given me a direct understanding of the hydrometallurgical processing disciplines acid leaching, solvent extraction, ion exchange that are at the heart of rare earth extraction and separation... I believe that experience will be genuinely useful as American Rare Earths advances toward its Definitive Feasibility Study and processing pilot programs at Halleck Creek.”