American Rare Earths Limited engages in the exploration and development of mineral resources in Australia and the United States. The company explores for rare earth, scandium, and cobalt deposits. Its flagship properties include the La Paz project covering an area of approximately 890 hectares located in Arizona, the United States; and Halleck Creek project situated in Wyoming, the United States.

The company was formerly known as Broken Hill Prospecting Limited and changed its name to American Rare Earths Limited in July 2020.