American Rare Earths begins formal Nasdaq pathway with auditor appointment
American Rare Earths Ltd (ASX:ARR, OTCQX:ARRNF) has formally started the process towards a planned Nasdaq listing, appointing BDO Audit Pty Ltd as its new auditor as the company continues positioning its Halleck Creek rare earths project as part of a broader US critical minerals supply chain...
American Rare Earths Ltd(ASX:ARROTCQX:ARRNF) View Price & Profile American Rare Earths begins formal Nasdaq pathway with auditor appointment
Last updated: 21:45 12 May 2026 EDT, First published: 21:25 12 May 2026 EDT
American Rare Earths Ltd (ASX:ARR, OTCQX:ARRNF) has formally started the process towards a planned Nasdaq listing, appointing BDO Audit Pty Ltd as its new auditor as the company continues positioning its Halleck Creek rare earths project as part of a broader US critical minerals supply chain strategy.
The company said BDO’s appointment took effect from May 12 and was made to support its planned US Nasdaq listing, which it is targeting for the second half of calendar year 2026.
American Rare Earths noted that the Australian Securities and Investments Commission had approved the auditor change and that shareholders would be asked to ratify the appointment at the company’s 2026 annual general meeting.
Aligning with US capital markets
The company said the move reflected its increasing alignment with US capital markets as it advances the Halleck Creek rare earths project in Wyoming, where it is seeking to establish a domestic supply chain for magnet rare earths and critical minerals.
BDO was selected due to its experience with US Securities and Exchange Commission reporting standards and the Public Company Accounting Oversight Board regulatory framework.
In parallel, American Rare Earths has also appointed law firm Rimon as its US securities adviser to assist with Nasdaq-related regulatory and disclosure matters.
ARR already operates a sponsored Level 1 American Depositary Receipt program trading on the OTCQX market under the ticker ARRNF, giving US investors access to the stock during US trading hours. American Rare Earths is now targeting progression to a Nasdaq compliance listing through a Level 2 ADR structure.
Importantly, the company said the proposed Nasdaq listing would not involve a capital raising, with the ASX remaining its primary listing and Nasdaq operating as a secondary listing.
Next step in US strategy
Chief executive officer Mark Wall said the latest appointments represented another step in the company’s broader US-focused strategy.
“During the March quarter, we announced our intention to list on the Nasdaq, and these appointments demonstrate our rapid progress towards that objective,” Wall said.
“We are a company with US-only assets with the intention of securing the US domestic mine-to-magnet supply chain; this is an important step in that journey.”
Wall said the company believed Nasdaq represented the appropriate market for its long-term development ambitions and future funding strategy.
“The appointments of BDO and Rimon mark the formal commencement of the Nasdaq listing process and reflect the progress we have already made through our US ADR presence,” he said.
“We believe a Nasdaq listing is the appropriate market for our company, and we are focused on executing this transition in a disciplined manner that supports long-term shareholder value and efficient funding of development.”
US rare earths strategy continues to build
The Nasdaq push comes as American Rare Earths continues advancing Halleck Creek in Wyoming, which the company has increasingly positioned as a strategically important domestic source of rare earth elements for the United States.
Recent work has focused on development planning, pilot plant pathways and district-scale growth opportunities across the Halleck Creek project area. The company has also continued expanding its Wyoming-based leadership and engineering capabilities as it progresses technical and permitting work.
American Rare Earths has previously described Halleck Creek as one of the largest rare earth deposits in the United States, with plans for onsite processing and separation facilities aimed at reducing reliance on imported rare earth supply, particularly from China.