The Board of American Rare Earths announced the appointment of Sten Gustafson as a Non-Executive Director. Sten L. Gustafson currently serves as the Chief Executive Officer and a director of Pyrophyte Acquisition Corp. Mr. Gustafson is a highly 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 for over $100 billion of transaction value.