Calgary, Alberta — July 3, 2025 — Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0), a burgeoning player in the junior mineral exploration sector, is making a strategic move into a historically rich mining district. The company has announced that its exploration partner, Rangefront Mining Services, has successfully filed 21 mineral lode claims on Argyle’s behalf with the U.S. Bureau of Land Management (BLM) in Crook County, near Sundance, Wyoming. This consolidated land package is now officially christened the Sundance Bear Lodge REE Project.
Figure 1: Property Location Map of the Sundance Bear Lodge REE Project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10451/257619_4cd5ff188476ab27_001full.jpg
The newly staked claims are strategically positioned within the Bear Lodge Mining District, an area with a storied past dating back to the discovery of gold in 1875 near Warren Peak. This district has historically attracted exploration for a diverse range of minerals, including gold, rare earth elements (REEs), barium, copper, lead, zinc, manganese, niobium, tantalum, thorium, fluorine, and phosphate. The potential for diverse mineralization makes this region particularly compelling for exploration companies.
Notably, the Bear Lodge Critical Rare Earth Project, owned by Rare Element Resources Ltd., also resides within this district. This project boasts a 2024 Resource Estimate with promising grades and tonnage, and the owner has signaled intentions to proceed with mine development. Furthermore, Rare Element Resources Ltd. has secured a non-binding Letter of Intent (LOI) from the Export-Import Bank of the United States (EXIM) for significant debt financing, potentially up to $553 million, to support the permitting, engineering design, and construction phases of their Bear Lodge Project. This level of investment underscores the perceived economic viability and strategic importance of rare earth development in the area.
Figure 2: Property Location Map Showing Active Mining Claims
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10451/257619_4cd5ff188476ab27_002full.jpg
The submission of these 21 lode claims to the BLM is currently undergoing processing, with final approval anticipated within the next six weeks. Argyle and Rangefront are set to meticulously evaluate the potential of these claims and proactively explore avenues to advance the project, aligning with the company’s overarching strategic growth objectives.
“We are highly optimistic about the acquisition of these new claims, which significantly bolster our growing mineral asset portfolio,” stated Jeff Stevens, CEO of Argyle Resources Corp. “The historical mining pedigree of this region, combined with the deep expertise of our technical team, presents a compelling opportunity to unlock substantial value from these properties.”
Argyle Resources Corp. plans to provide ongoing updates as the permitting process unfolds and exploration activities commence on the newly acquired claims.
George Yordanov, P.Geo., Director, has reviewed and approved the scientific and technical information presented in this press release, serving as the Company’s Qualified Person in accordance with National Instrument 43-101.
About Rangefront Mining Services
Rangefront Mining Services is a premier provider of geological and exploration services, with a specialized focus on claim staking, permitting, and comprehensive mineral assessment to support mining companies in their project advancement.
About Argyle Resources Corp.
Argyle Resources Corp. is a junior mineral exploration company dedicated to the acquisition, exploration, staking, and evaluation of natural resource properties across North America. The company holds full ownership of the Pilgrim Islands, Matapedia, Lac Comporté, and Saint Gabriel quartzite silica projects situated in Québec, as well as the Clay Howells rare earth element project in Ontario. Argyle is also actively engaged in a valuable research partnership with the INRS, a prestigious research and training institution supported by the Québec government.
ON BEHALF OF THE BOARD OF DIRECTORS
Jeffrey Stevens
President & CEO
Forward-Looking Statements
This press release contains forward-looking statements, which include statements regarding activities, events, or developments that Argyle expects, believes, or anticipates will or may occur in the future. These statements may pertain to the exploration and development of the Company’s mineral properties and the utilization of proceeds from financing activities. These forward-looking statements are based on numerous assumptions made by Argyle, drawing upon its experience, perception of historical trends, current conditions, expected future developments, and other factors deemed appropriate. Furthermore, these statements are subject to substantial known and unknown risks and uncertainties, which could lead to actual results differing materially from those predicted, forecast, or projected. Certain of these risks and uncertainties are beyond Argyle’s control. Readers are cautioned not to place undue reliance on these forward-looking statements. Except as required by law, Argyle disclaims any intention or obligation to revise or update these forward-looking statements following the date of this press release or to reflect the occurrence of subsequent unanticipated events.
Neither the Canadian Securities Exchange nor its Regulation Service Provider assumes any responsibility for the adequacy or accuracy of this news release.
${reference1}
${reference2}
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257619
Original article, Author: Jam. If you wish to reprint this article, please indicate the source:https://aicnbc.com/3925.html
