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About Appia Rare Earths & Uranium Corp. (APAAF)
Appia Rare Earths & Uranium Corp. is a Canadian-based exploration and development company operating at the forefront of the rare earth elements (REEs) and uranium sectors. With a strategic focus on critical minerals essential for renewable energy, advanced technologies, and clean energy solutions, Appia has established a robust portfolio of high-potential projects across Canada and Brazil.
Core Business and Focus
Appia specializes in the exploration and development of rare earth elements and uranium, targeting both ionic adsorption clay (IAC) deposits and hardrock mineralization. These resources are vital for producing permanent magnets, electric vehicle components, wind turbines, and nuclear energy applications. The company is uniquely positioned with its dual focus on REEs and uranium, addressing the growing global demand for sustainable and secure supply chains.
Key Projects
- PCH Ionic Adsorption Clay Project (Brazil): Spanning over 42,932 hectares in Goiás State, this project is a significant source of IAC-style REEs. Recent drilling has confirmed high-grade mineralization, including carbonatitic breccia zones with exceptional Total Rare Earth Oxide (TREO) grades, as well as Magnet Rare Earth Oxides (MREO) critical for green technologies.
- Alces Lake (Canada): Focused on delineating high-grade REEs and gallium, this project is strategically located in Saskatchewan, a region known for its rich mineral resources.
- Athabasca Basin Properties (Canada): Appia holds extensive exploration rights across 94,982 hectares in the prolific Athabasca Basin, targeting high-grade uranium deposits and rare earth elements.
- Elliot Lake Camp (Canada): This property features five mineralized zones with rare earth elements and uranium, offering significant exploration potential.
Market Significance and Competitive Edge
Appia operates in a rapidly growing market driven by the global transition to renewable energy and advanced technologies. Its projects are strategically located in politically stable regions with established infrastructure, providing a competitive advantage. The company’s focus on high-grade deposits and its dual commodity strategy position it as a key player in the critical minerals sector.
Commitment to Sustainability
Appia is committed to responsible exploration practices, adhering to stringent environmental and social standards. The company actively engages with local communities and stakeholders to ensure sustainable development and long-term value creation.
Future Outlook
With a diversified portfolio of high-potential projects, Appia is well-positioned to capitalize on the increasing demand for rare earth elements and uranium. The company’s ongoing exploration efforts and commitment to innovation aim to unlock significant value for its stakeholders.
Appia Rare Earths & Uranium Corp. has confirmed the discovery of uranium (U) and rare earth element (REE) mineralization at the Loranger Project in Saskatchewan, Canada. The exploratory drill tests at the southern limits of the property intersected significant mineralization in three targets, with results analyzed by the Saskatchewan Research Council Laboratories. Highlights include:
- Uranium Mineralization: Drill Core 24-LOR-003 showed 0.10 m of 409.11 ppm U3O8 from 171.31 m to 171.41 m.
- REE Mineralization: Drill Core 24-LOR-003 revealed 0.18 m of 0.56 wt.% TREO from 154.02 m to 154.10 m, including 0.10 m of 0.80 wt.% TREO, and 0.10 m of 0.36 wt.% TREO from 171.31 m to 171.41 m.
These findings validate Appia's geological hypotheses and enhance the potential for further discoveries. The Loranger property's strategic location near the Athabasca Basin, known for its uranium deposits, underscores its significance. Appia plans to conduct follow-up drilling to explore these promising targets further.
Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) has announced significant uranium and rare earth element (REE) discoveries at its Eastside property in Saskatchewan, Canada. Key findings include:
- Uranium mineralization: Grab samples with U3O8 concentrations up to 2,523.06 ppm (0.25 wt%).
- REE mineralization: A channel sample showing 1.00 meters of TREO at 0.14 wt%.
- 20 additional samples with uranium content between 0.01 wt% and 0.25 wt%.
The Eastside property's strategic location near the uranium-rich Athabasca Basin enhances its potential. Appia plans further exploration to delineate the extent of mineralization and assess the property's development potential.
Appia Rare Earths & Uranium Corp (CSE: API) (OTCQX: APAAF) has announced significant discoveries of uranium and rare earth element (REE) mineralization at its Eastside property in Saskatchewan, Canada. Key highlights include:
1. Uranium mineralization: Grab samples revealed U3O8 concentrations up to 2,523.06 ppm (0.25 wt%).
2. REE mineralization: Channel samples showed TREO (Total Rare Earth Oxide) concentrations up to 0.14 wt%.
3. The Eastside property's strategic location near the uranium-rich Athabasca Basin enhances its potential.
Appia plans to conduct further exploration to delineate the extent of mineralization and assess the potential for additional discoveries. These results validate the company's exploration models and underscore the Eastside property's potential as a valuable asset in Appia's Saskatchewan portfolio.
Appia Rare Earths & Uranium announced initial desorption test results from its Ionic Adsorption Clay (IAC) targets in Goias, Brazil. The results, from 89 samples across 13 auger drillholes, confirmed the REE IAC mineralization style at all targets, showing strong recoveries for both Magnet Rare Earth Oxides (MREO) and Heavy Rare Earth Oxides (HREO).
Highlights include:
- Up to 82% HREO recovery from 3-4m depths.
- Significant intervals: PCH-AH-202: 5m@59% TREO; 63% HREO; 85% NdPr; 72% TbDy from 3m.
- Enhanced Dy and Tb recovery values, essential for the permanent magnet industry.
Company President Stephen Burega emphasized the high grades and the project's potential in meeting the industry’s demand for rare earths. The project, hosted in easy-to-dig clays with a diversity of metals, continues to show promising desorption kinetics.
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.
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