Welcome to our dedicated page for Appia Rare Earths & Uranium news (Ticker: APAAF), a resource for investors and traders seeking the latest updates and insights on Appia Rare Earths & Uranium stock.
News and updates for Appia Rare Earths & Uranium Corp. (OTCQB: APAAF) focus on the company’s exploration activities and corporate developments in the rare earth element and uranium sectors. Appia’s releases highlight work on its Brazilian and Canadian projects, as well as financing and partnership arrangements that support these programs.
Investors following APAAF news can read about Appia’s involvement in the Ultra Hardrock and Ultra IAC Projects in Goiás, Brazil, where Ultra Rare Earth Inc. is the operator and is carrying out diamond drilling on a carbonatite target and auger drilling on an ionic adsorption clay rare earth target. Updates describe drilling progress, target naming, and the extent of mineralized zones being tested.
Appia’s news flow also covers its Canadian projects. The company issues releases on exploration plans and permits for the Otherside uranium property in Saskatchewan’s Athabasca Basin, including details of multi-year exploration permits and planned geophysical and drilling programs. Additional news outlines planned and ongoing work at the Alces Lake rare earth property, where Appia discusses airborne gravity gradiometer surveys, Mobile Metal Ion soil sampling, and ground gravity surveys to refine REE drill targets.
Corporate news items include information on private placements, warrant exercises, early warning reports, and conference presentations, such as Appia’s participation in the John Tumazos Very Independent Research Virtual Conference. Readers can also find announcements about management appointments and commentary from company leadership on its multi-project exploration strategy. This news page brings together these disclosures so that followers of APAAF can review Appia’s reported progress across its rare earth and uranium portfolio.
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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