Appia Rare Earths and Uranium – CSE: API, OTC: APAAF, FWB: A0I

Appia Rare Earths and Uranium Corp. (Stock Symbols – CSE: API, OTC: APAAF, FWB: A0I) acquires, explores for, develops, and evaluates mineral properties in Canada.

The company primarily explores for uranium and REE (rare earth elements) deposits.

The company owns 100% interests in the prolific Athabasca Basin covering an area of 63,980 hectares in Saskatchewan.

The company’s Elliot Lake property comprises 101 staked mining claims located in northern Ontario. Historically, over 300 million pounds of uranium were produced in this region, which is also known for commercial rare earth production.

In 2020 Appia Energy Corp. published a mineral resource estimate on their fact sheet which includes both uranium and rare earths for this project.

The fact sheet notes a total indicated uranium resource of 8 million pounds and an indicated resource of 47.7 million pounds of rare earths between the Teasdale Lake and Banana Lake Zones.

The project zones also demonstrate a rare earth elements (REE) inferred resource of 133.2 million pounds and inferred uranium resource of just under 48 million pounds. Appia Energy notes more detail in their chart below.

Appia Resource Estimate Elliot Lake
Mineral Resource Estimate. Source: Appia Energy

The 100% owned Alces Lake Property covers an area of 14,000 hectares and is also located in northern Saskatchewan.

Appia Rare Earths and Uranium notes that the Alces Lake project demonstrates some of the highest rare earth elements grades found across the globe. The average grades range from 9.39% to 31.8% total rare earths weight per ton. This places the project as the 2nd highest average grade REE project.

Why might this project be important? Global demand for rare earths is growing over 10% per year, and the dominant producer is the country of China. Appia Rare Earths and Uranium demonstrates placement of their Alces Lake property in their chart below.

Appia Alces Lake Deposit
Alces Lake Resource Grade Vs. Peers. Source: Appia Energy

The Richard zone for this project drilled 7.5 meters of core at 8.73% weight per ton rare earths and was discovered just 10 meters below surface.

During 2019, the company made 8 surface discoveries for REE’s, making the Alces Lake project an exciting rare earth exploration project.

The company notes that they have access to an existing rare earth elements separation pilot plant and rare earth oxide extraction lab in nearby Saskatoon.

The company was founded in 2007 and is based out of Toronto, Canada.

Please note that the share price below is for the CSE stock symbol. The quote is delayed by approximately 15 minutes and not real time.

The Appia Rare Earths and Uranium Energy group is full of discussions, presentations, and company announcements. If you’re looking to be engaged, this is the place for it!

Discuss the company in more detail and dive deeper into organized conversations in the Appia Rare Earths and Uranium forum.

Previous Uranium Stock -> Anfield Energy

Next Uranium Stock -> Aura Energy

 

 

Tweets

Appia Acquires Large Prospective Uranium Mineral Claim Block in Athabasca Basin, NW Saskatchewan https://www.appiaenergy.ca/_resources/news/nr-20220110.pdf

Appia Announces High-Grade Mineralization Over Area Covering Approximately 24 Square Kilometres of Alces Lake Claims
https://www.appiaenergy.ca/_resources/news/nr-20211206.pdf

Appia Announces Average 17.5 wt% TREO Over 9.38 Metres With Up To 37.9 wt% TREO at Wilson North
https://www.appiaenergy.ca/_resources/news/nr-20211129.pdf

Appia Rare Earths & Uranium Corp.’s Frederick Kozak, President and Tom Drivas, CEO to Present at John Tumazos Very Independent Research LLC's Virtual Conference on December 8, 2021 at 9:45 a.m. EST. To register to attend virtually go to https://register.gotowebinar.com/register/7056252628771934220

Appia Announces Closing of Upsized C$8.5 Million Bought Deal Private Placement
https://www.appiaenergy.ca/_resources/news/nr-20211117.pdf

Load More...