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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. (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.
Appia Rare Earths & Uranium Corp (CSE: API, OTCQX: APAAF) announced significant assay results from two newly identified exploration targets, Electra and Maia, located in the PCH Project, Brazil.
Across 25 auger drill holes, assays confirmed substantial enrichment of Heavy Rare Earth Oxides (HREO) within the Ipora Granite regolith, similar to previously known Ionic Adsorption Clay (IAC) REE deposits.
Key intercepts include:
- PCH-AH-036: 5m @ 1,646ppm TREO, 381ppm HREO
- PCH-AH-180: 4m @ 1,645ppm TREO, 174ppm HREO
- PCH-AH-183: 6m @ 1,133ppm TREO, 150ppm HREO
President Stephen Burega highlighted the project's potential and ongoing efforts for further drilling and a Preliminary Economic Assessment (PEA). The targets cover 395 and 321 hectares, and only 30% of the 40,000-hectare property has been tested.
Appia Rare Earths & Uranium Corp. (CSE: API, OTCQX: APAAF) has signed a non-binding memorandum of understanding (MOU) with 15997356 Canada Inc. to option up to a 100% working interest in the Elliot Lake Uranium Project. The purchaser can initially earn a 51% interest by paying $25 million by October 31, 2024, and must provide a financing commitment by July 9, 2024. Following this, the purchaser has 36 months to deliver a bankable feasibility study or an additional 12 months with a $5 million payment. Upon delivery, the purchaser can acquire the remaining 49% interest for $50 million. If the feasibility study isn't delivered within the extended timeline, a joint venture is formed with the purchaser obligated to make $15 million in initial expenditures to maintain their interest. The transaction is subject to due diligence, a definitive agreement, and regulatory approval.
Appia Rare Earths & Uranium Corp. announced promising initial results from new exploration targets, Taygeta and Merope, at their PCH project in Brazil. A total of 111 samples from 18 auger drill holes showed significant enrichment of Heavy Rare Earth Oxides (HREO). Key intercepts include 4m@1848ppm TREO, 1138ppm HREO, and 106ppm Dy+Tb from sample PCH-AH-190. The targets, covering 546 and 1,134 hectares respectively, are larger in area compared to Target IV. Desorption test results are pending. The project's next steps include further delineation drilling upon favorable results. The PCH project area spans over 40,000 hectares.
Appia Rare Earths & Uranium Corp. (APAAF) is hosting a webinar on May 14th at 9:45 AM EDT with President Stephen Burega, VP Andre Costa, and analyst John Tumazos. The event will discuss the latest company developments.
Appia Rare Earths & Uranium Corp. announced the confirmation of Ionic Adsorption Clay rare earth elements at the PCH project in Brazil. Desorption tests showed high-grade recoveries for Magnet and Heavy Rare Earth Oxides, indicating commercial viability. The project covers a vast area with potential for new discoveries. The company aims to optimize the desorption process to maximize recoveries and minimize costs. The presence of two distinct mineralization styles enhances the project's potential. The recent mineral resource estimate on Target IV and the Buriti Zone underscores the project's progress.
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