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Appia Rare Earths & Uranium Corp. (APAAF) is a Canadian company specializing in rare earth element and uranium exploration. The company holds interests in various projects such as the PCH Ionic Adsorption Clay Project in Brazil, high-grade critical rare earth elements and gallium exploration in Alces Lake, and uranium exploration in the Athabasca Basin.
With a focus on delineating mineral deposits, Appia continues to expand its operations and partnerships to enhance its presence in the market. The company's commitment to community engagement and sustainable development underscores its strategic objectives and growth potential in the sector.
Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) has announced a CFO transition. Frank van de Water, the current CFO, will be retiring from his role on August 1st, 2024, but will remain an active member of the Board of Directors. Brian Crawford, a former partner with BDO Canada LLP and co-founder of several public companies, will assume the role of CFO, subject to regulatory approval.
Stephen Burega, President of Appia, expressed gratitude for Frank's executive leadership and contributions since joining the management team in January 2016 and as a board member since March 2013. Brian Crawford brings extensive experience as a financial executive, having served as CFO and Director for multiple public companies listed on the TSXV and CSE.
Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) has completed its drilling program at the Loranger property in Saskatchewan, Canada. The company drilled 714 meters and sent 42 samples to the Saskatchewan Research Council for analysis. Key findings include:
1. Intersection of radioactive (Uranium-Thorium)-REE pegmatites with visible monazite and potential uraninite.
2. Graphitic EM conductors with scintillometer readings up to 1,500 counts per second.
3. Visible monazite in drill hole #3, indicating potential for significant rare earth element mineralization.
The company expects to receive assay results within 6-8 weeks. Appia's President, Stephen Burega, expressed optimism about the findings, which validate their exploration models and highlight the property's potential for both uranium and rare earth elements.
Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) announced excellent desorption test results for rare earth elements (REE) from the Target IV Ionic Adsorption Clay deposit at the PCH project in Goias, Brazil. Key highlights include:
- Recoveries up to 47.72% TREO, 67.18% HREO, 58.85% Dy+Tb, and 81.67% Nd+Pr from various drillholes
- Significant recovered desorption intercepts, such as 8m@32.92% TREO from PCH-RC-034
- High correlation between ALS and AGS Laboratories results
The company plans ongoing auger drilling and desorption testing on 4 newly identified targets, as well as developing a Preliminary Economic Assessment (PEA) of Target IV and the Buriti Zones.
Appia Rare Earths & Uranium Corp. announced the extension of a non-binding memorandum of understanding (MOU) with 15997356 Canada Inc. to option up to 100% working interest in the Elliot Lake Uranium Project. Originally announced on May 15, 2024, the agreement's financing commitment deadline has been extended to August 9, 2024. All original terms remain unchanged, except Appia can now solicit and engage with new or previous interested parties for other potential deal structures. Appia retains the right to terminate the transaction by notifying the purchaser in writing.
Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) has commenced a diamond drilling program at its uranium-bearing Loranger property near the Athabasca Basin in Saskatchewan, Canada. The program targets favorable geophysical indicators intersecting the Tabbernor Fault system to discover conductors and alteration halos indicative of uranium mineralization. Up to 1,000 meters of drilling across 3 to 4 targets are planned. This follows a successful ground reconnaissance on the Eastside property completed last month. Operations, based in Points North, Saskatchewan, are expected to conclude within 18 days.
Appia Rare Earths & Uranium Corp. (CSE: API, OTCQX: APAAF) announced plans to start a diamond drilling program at its Loranger property, located near the uranium-rich Athabasca Basin in Saskatchewan, Canada. The operation will target NE-SW electromagnetic conductors identified in a 2021 geophysical survey, with drilling to commence mid-June 2024.
The company will drill up to 1,000 meters across 3-4 holes at depths of 200-300 meters, supported by Mustang Helicopters Inc. and Apex Diamond Drilling The project will involve local community workers from the Hatchet Lake First Nations Band to foster community engagement and support.
This program represents a significant step in exploring and developing the Loranger property. The initiative is overseen by Dr. Irvine R. Annesley, a Qualified Person as defined by National Instrument 43-101.
Appia Rare Earths & Uranium Corp. (CSE: API, OTCQX: APAAF, FSE: A0I0, MUN: A0I0, BER: A0I0) has achieved a 10% ownership interest in Appia Brasil Rare Earths Mineracao Ltda, which holds the PCH Project in Goiás State, Brazil. The company spent over $1 million USD to meet the requirements of the Quotaholders Agreement. Appia plans to issue 500,000 shares to Beko by June 19, 2024, and Beko will receive a 1% net smelter returns royalty. Appia aims to reach a 70% stake in Appia Brasil by issuing an additional 1.5 million shares and investing $9 million USD over the next four years. If they achieve 60% ownership, they will need to issue another $1.25 million USD in shares to gain an additional 10% interest. Upon reaching 70% ownership, Appia and Antonio Vitor Junior will enter into a joint venture to further develop the property.
Appia Rare Earths & Uranium Corp. (APAAF) announced a high-resolution, airborne gravity survey over its Alces Lake property in Saskatchewan, starting in early June 2024. Conducted by Xcalibur Multiphysics, this survey will cover 1,053 line kilometers with 100-meter line spacing, focusing on the property's regional fold and NW-SE regional shear zone. The Falcon Airborne Gravity Gradiometer (AGG) and Magnetic survey aims to provide critical subsurface imaging to guide future exploration, targeting rare earth element (REE) mineralization. The survey data will assist in identifying new REE targets at depths of 200 to 1,000 meters and integrate with other geophysical data for future drilling targets in late 2024 and 2025. This marks a significant step in Appia's strategy to enhance exploration efforts for REE occurrences.
Appia Rare Earths & Uranium Corp. (CSE: API, OTCQX: APAAF, FSE: A0I0) has commenced its 2024 summer uranium exploration season with a ground reconnaissance program at the Eastside project in Saskatchewan. The exploration, located in the Peter Lake Domain, led to the collection of 63 hand samples, including five with uranium readings between 10,000 and 53,000 counts per second. In addition, 403 geological stations were studied for lithological data. The company is awaiting lab assay results to confirm the content of these samples. Appia aims to capitalize on the uranium market surge and is committed to furthering exploration and development of its Saskatchewan properties.
Appia Rare Earths and Uranium Corp. (CSE: API, OTCQX: APAAF, FSE: A0I0, MUN: A0I0, BER: A0I0) will present at the Emerging Growth Conference on May 29, 2024. President Stephen Burega will deliver a 20-minute corporate update followed by a Q&A session. The event will be live and interactive, providing shareholders and investors the chance to engage directly with the company. The presentation is scheduled for 2:20 PM Eastern time and will last 30 minutes. An archived webcast will be available on EmergingGrowth.com after the event for those unable to attend live.
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