CA Market News
7時間前
Appia Mobilizes for 3,300-Meter Summer Drill Program at the Alces Lake Rare Earth Elements PropertyJune 4, 2026 7:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - June 4, 2026) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce that mobilization has commenced for its approximately 3,300-metre, 9-hole diamond drill program at the Company's 100%-owned Alces Lake Rare Earth Elements ("REE") Property in northern Saskatchewan.Initial mobilization began on May 29, 2026, with camp personnel arriving on site to prepare the Alces Lake exploration camp for the upcoming summer program. Geologists, drilling crews and support personnel are expected to mobilize following completion of camp setup and site preparations, which are anticipated to be finalized within approximately one week.The 2026 summer drill program is designed to evaluate several high-priority REE targets (Figure 1) identified through Appia's 2025 ground gravity survey, which refined and enhanced target areas initially outlined by the Company's 2024 airborne gravity gradiometer survey. Targets 1, 5, 6 and 7 (Figures 2 to 5) have been prioritized based on their strong geophysical similarities to the high-grade WRCB mineralized zone and the large near-surface Magnet Ridge discovery.The planned program will consist of approximately 3,300 metres of drilling across nine diamond drill holes targeting depths ranging from 300 to 500 metres. The objective is to test the potential continuation of REE-mineralized lithological packages at depth and along strike within the regional northwest-southeast structural corridor that hosts several of the property's key mineralized zones, including WRCB and Magnet Ridge."We are excited to begin our 2026 summer exploration program at Alces Lake," said Tom Drivas, Chief Executive Officer and Director of Appia. "This drill program is designed to test high-priority REE targets at depth that exhibit strong geophysical similarities to the known WRCB and Magnet Ridge mineralized zones. With camp mobilization now underway, we look forward to advancing the project and commencing drilling on these compelling targets."The Alces Lake Property hosts some of the highest-grade rare earth element mineralization identified in Saskatchewan. The property covers approximately 38,522 hectares in northern Saskatchewan and is enriched in critical rare earth elements including neodymium, praseodymium, dysprosium and terbium, which are essential components in permanent magnets used in electric vehicles, wind turbines and advanced electronic technologies.The Company will make an announcement once drilling commences and will provide ongoing results as they are received.Figure 1 - Alces Lake High-Priority Drill Target Zones (Blue) - Alces Lake, SaskatchewanTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/300065_d372b62f94c76a60_001full.jpgFigure 2 - Target 1: Proposed drill holes AL-2025-10, 10aTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/300065_d372b62f94c76a60_002full.jpgFigure 3 - Target 5: Proposed drill holes AL-2025-006, 006aTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/300065_d372b62f94c76a60_003full.jpgFigure 4 - Target 6: Proposed drill holes AL-2025-007, 007aTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/300065_d372b62f94c76a60_004full.jpgFigure 5 - Target 7, Proposed drill holes AL-2025-008, 008a, 008bTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/300065_d372b62f94c76a60_005full.jpgAbout the Alces Lake Project The Alces Lake project encompasses some of the highest-grade total and critical* REE and gallium mineralization in the world, hosted within several surface and near-surface monazite occurrences that remain open at depth and along strike.* Critical rare earth elements/oxides (CREO) are defined here as those that are in short-supply and high-demand for use in permanent magnets that enable modern electronic applications such as electric vehicles and wind turbines. The "magnet alloy" CREO are neodymium (Nd), praseodymium (Pr), dysprosium (Dy) and terbium (Tb).The Alces Lake project is located in northern Saskatchewan, the same provincial jurisdiction that the Saskatchewan Research Council (SRC) is developing a "first-of-its-kind" rare earth processing facility in Canada. The Alces Lake project area is ~ 38,522 hectares (~95,191acres) in size and is 100% owned by Appia.The technical content in this news release was reviewed and approved by Dr. Irvine R. Annesley, P.Geo., Senior Exploration Advisor of Appia and a Qualified Person as defined by National Instrument 43-101.About Appia Rare Earths & Uranium Corp. Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company holds a 25% interest in Ultra Rare Earth Inc. ("Ultra USA") and Ultra USA indirectly holds a 100% interest in the Ultra Hard Rock and Ultra IAC Projects, which total 42,932.24 ha. in size and are located within the state of Goiás in Brazil (see June 1, 2026 Press Release here).The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property and exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.Appia has 194.9 million common shares outstanding, 206.6 million shares fully diluted.Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.For more information, visit www.appiareu.com As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (X,?Facebook,?LinkedIn)?please feel free to send direct messages.Contact:Tom Drivas
CEO and Director
(416) 876-3957
tdrivas@appiareu.comJason Bagg
VP Corporate Development
(647) 874-5278
jbagg@appiareu.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300065 Original: Appia Mobilizes for 3,300-Meter Summer Drill Program at the Alces Lake Rare Earth Elements Property
CA Market News
3日前
Appia Announces Closing of Share Exchange with Ultra Rare Earth Inc.June 1, 2026 7:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - June 1, 2026) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A010) (MUN: A010) (BER: A010) (the "Company" or "Appia") is pleased to announce that further to its Press Releases dated November 3, 2025 and May 22, 2026, it has completed the transactions contemplated by the Share Exchange Agreement dated May 21, 2026 (the "Agreement") among the Company, Ultra Rare Earth Inc. ("Ultra USA"), Ultra Rare Earth Bahamas Limited ("Ultra Bahamas"), Beko Invest Ltd. ("Beko"), Antonio Vitor Junior ("Antonio"), and Ultra Brasil Rare Earths Mineração Ltda. ("Ultra Brasil"). Pursuant to the Agreement, Appia and Antonio transferred their respective twenty-five percent (25%) equity interests (quotas) in Ultra Brasil to Ultra USA in exchange for shares of Ultra USA Common Stock (the "Share Exchange"). As a result of the Share Exchange, Ultra USA, through its wholly-owned subsidiary Ultra Bahamas, holds one hundred percent (100%) of the equity in Ultra Brasil. Appia holds a twenty-five percent (25%) equity interest in Ultra USA.Ultra Brasil is engaged in the exploration and development of rare earth mineral resources in the Federative Republic of Brazil, including the Ultra Hard Rock Carbonatite Target and the Ultra IAC Target (the "Property") located in the Tocantins Structural Province of the Brasília Fold Belt, Goiás State, Brazil. Transaction SummaryPursuant to the Agreement:Appia transferred its twenty-five percent (25%) interest in Ultra Brasil (the "Appia Interest") to Ultra USA in exchange for 2,342,500 shares of Ultra USA Common Stock (the "Appia Exchange Shares"). Antonio transferred his twenty-five percent (25%) interest in Ultra Brasil (the "Antonio Interest") to Ultra USA in exchange for 2,342,500 shares of Ultra USA Common Stock being issued to Beko as directed by Antonio (the "Beko Exchange Shares") .Ultra USA then transferred its fifty percent (50%) interest in Ultra Brasil to Ultra Bahamas, resulting in Ultra Bahamas owning one hundred percent (100%) of the equity in Ultra Brasil.Following the Share Exchange, Ultra USA has 9,370,000 shares of its Common Stock issued and outstanding, with each of Appia and Beko holding 2,342,500 shares of Ultra USA Common Stock, representing twenty-five percent (25%) of the issued and outstanding shares of Ultra USA Common Stock. In connection with the Share Exchange, the Quotaholders' Agreement dated October 31, 2025, among Ultra Bahamas, Ultra USA, Appia, Beko, Antonio, and Ultra Brasil has been terminated. Effective concurrently with the closing of the Share Exchange (the "Closing"), Tom Drivas, CEO of Appia, and Antonio were appointed to the board of directors of Ultra USA (the "Board"). The Board now consists of Michael Beck, Tom Drivas, Antonio, Stephen Dattels (Non-Executive Chairman of the Board) and Don Hains.Appia and Beko each have the right to appoint one director to the Board, provided that they continue to hold at least a five percent (5%) equity interest in Ultra USA. In addition, until the consummation of an initial public offering of Ultra USA Common Stock registered under the United States Securities Act of 1933, as amended (the "US Securities Act"), each of Appia and Beko have a Pre-Emptive Right to purchase their pro rata proportion of any shares of Ultra USA Common Stock issued on a private placement basis by Ultra USA.Ultra USA granted 702,750 options to purchase shares of Ultra USA Common Stock on Closing (the "Options"). 275,000 of the Options were granted to Tom Drivas in his role as a director of Ultra USA. Each Option is fully vested, has an exercise price of US$5.00, and is exercisable immediately until May 29, 2031.The issuance of the Appia Exchange Shares and the Beko Exchange Shares (collectively the "Exchange Shares") were effected in reliance upon exemptions from registration under the US Securities Act, including Regulation S promulgated thereunder. The Exchange Shares are "restricted securities" as defined in Rule 144 under the US Securities Act.While the prefeasibility study (the "PFS") on the Ultra IAC Project has not yet been completed, Ultra USA and Appia proceeded with the Share Exchange due to changing geopolitical considerations. Ultra USA is solely responsible for completing the PFS. About Appia Rare Earths & Uranium Corp.Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company holds a 25% interest in Ultra Rare Earth Inc. ("Ultra USA") and Ultra USA indirectly holds a 100% interest in the Ultra Hard Rock and Ultra IAC Projects, which total 42,932.24 ha. in size and are located within the state of Goiás in Brazil. The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property and exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.Appia has 194.9 million common shares outstanding, 206.6 million shares fully diluted.Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.For more information, visit www.appiareu.com.As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (X,?Facebook,?LinkedIn)?please feel free to send direct messages.Contact:Tom Drivas, CEO and Director(c) (416) 876-3957(e) tdrivas@appiareu.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/299599 Original: Appia Announces Closing of Share Exchange with Ultra Rare Earth Inc.
CA Market News
2週前
Appia Announces Signing of Share Exchange Agreement with Ultra Rare Earth Inc.May 22, 2026 7:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - May 22, 2026) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A010) (MUN: A010) (BER: A010) (the "Company" or "Appia") is pleased to announce that further to its Press Release dated November 3, 2025, it has signed a Share Exchange Agreement dated May 21, 2026 (the "Agreement") among the Company, Ultra Rare Earth Inc. ("Ultra USA"), Ultra Rare Earth Bahamas Limited ("Ultra Bahamas"), Beko Invest Ltd. ("Beko"), Antonio Vitor Junior ("Antonio"), and Ultra Brasil Rare Earths Mineração Ltda. ("Ultra Brasil"). Pursuant to the Agreement, Appia and Antonio will transfer their respective twenty-five percent (25%) equity interests (quotas) in Ultra Brasil to Ultra USA in exchange for shares of Ultra USA Common Stock (the "Share Exchange"). As a result of the Share Exchange, Ultra USA and its wholly-owned subsidiary Ultra Bahamas will collectively hold one hundred percent (100%) of the equity interests in Ultra Brasil, with Ultra USA holding fifty percent (50%) and Ultra Bahamas holding fifty percent (50%). Appia will hold a 25% equity interest in Ultra USA.Ultra Brasil is engaged in the exploration and development of rare earth mineral resources in the Federative Republic of Brazil, including the Ultra Hard Rock Carbonatite Target and the Ultra IAC Target (the "Property") located in the Tocantins Structural Province of the Brasília Fold Belt, Goiás State, Brazil. Transaction SummaryPursuant to the Agreement:Appia will transfer its twenty-five percent (25%) interest in Ultra Brasil (the "Appia Interest") to Ultra USA in exchange for 2,342,500 shares of Ultra USA Common Stock (the "Appia Exchange Shares"). Antonio will transfer his twenty-five percent (25%) interest in Ultra Brasil (the "Antonio Interest") to Ultra USA in exchange for 2,342,500 shares of Ultra USA Common Stock (the "Beko Exchange Shares") which Antonio will transfer to Beko (the "Beko Transfer").Immediately following the Share Exchange and Beko Transfer, Ultra USA will have 9,370,000 shares of Ultra USA Common Stock issued and outstanding, with each of Appia and Beko holding 2,342,500 shares, representing twenty-five percent (25%) of the issued and outstanding shares of Ultra USA Common Stock. In connection with the Share Exchange, the Quotaholders' Agreement dated October 31, 2025, among Ultra Bahamas, Ultra USA, Appia, Beko, Antonio, and Ultra Brasil will be terminated. Effective concurrently with the closing of the Share Exchange scheduled for early next week (the "Closing"), Tom Drivas, CEO of Appia, and Antonio will be appointed directors of Ultra USA. The board of directors of Ultra USA (the "Board") will consist of Michael Beck, Tom Drivas, Antonio, Stephen Dattels (Non-Executive Chairman of the Board) and Don Hains. Appia and Beko each have the right to appoint one director to the Board of Ultra USA, provided that they continue to hold at least a 5% equity interest in Ultra USA. In addition, until the consummation of an initial public offering of Ultra USA Common Stock registered under the United States Securities Act of 1933, as amended (the "US Securities Act"), each of Appia and Beko will have a Pre-Emptive Right to purchase their pro rata proportion of any shares of Ultra USA issued on a private placement basis by Ultra USA.Ultra USA will grant 702,750 options to purchase shares of Ultra USA Common Stock on Closing (the "Options"), of which 275,000 of the Options are to be granted to Tom Drivas in his role as a director of Ultra USA. Each Option will have an exercise price equal to the greater of US$5.00 and the fair market value of a share of Ultra USA Common Stock as of the date of grant, a five-year term, and will be fully vested and exercisable immediately upon issuance.The issuance of the Appia Exchange Shares and the Beko Exchange Shares (collectively the "Exchange Shares") will be effected in reliance upon exemptions from registration under the US Securities Act, including Regulation S promulgated thereunder. The Exchange Shares will be "restricted securities" as defined in Rule 144 under the US Securities Act.While the prefeasibility study (the "PFS") on the Ultra IAC Project has not yet been completed, Ultra USA and Appia are proceeding with the Share Exchange at this time due to changing geopolitical considerations. Ultra USA will be solely responsible for completing the PFS following Closing. About Appia Rare Earths & Uranium Corp.Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. Following the completion of the Share Exchange, the Company will hold a 25% interest in Ultra Rare Earth Inc. ("Ultra USA") and Ultra USA directly and indirectly will hold a 100% interest in the Ultra Hard Rock and Ultra IAC Projects, which total 42,932.24 ha. in size and are located within the state of Goiás in Brazil. The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property and exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.Appia has 194.9 million common shares outstanding, 206.6 million shares fully diluted.Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.For more information, visit www.appiareu.com.As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (X,?Facebook,?LinkedIn)?please feel free to send direct messages.Contact:Tom Drivas, CEO and Director(c) (416) 876-3957(e) tdrivas@appiareu.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/298540 Original: Appia Announces Signing of Share Exchange Agreement with Ultra Rare Earth Inc.
CA Market News
2週前
Appia Rare Earths & Uranium Corp. Qualifies for Third Consecutive Saskatchewan TMEI Grant of $70,910.87May 21, 2026 11:28 AM
NewsfileToronto, Ontario--(Newsfile Corp. - May 21, 2026) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce that the Company has qualified to receive a $70,910.87 grant through the Saskatchewan Targeted Mineral Exploration Incentive ("TMEI") program following its 2025 exploration work at the Alces Lake Rare Earth Elements (REE) Property in northern Saskatchewan.This marks the third consecutive year that Appia has qualified for funding through the TMEI program in connection with its REE exploration activities in Saskatchewan, further demonstrating the continued support received from the Government of Saskatchewan for Appia's critical mineral exploration efforts in the province.Saskatchewan TMEI Grant Approval - Alces Lake REE PropertyThe TMEI program provides eligible exploration companies with funding equal to 25% of qualifying exploration costs incurred in 2025 within Saskatchewan. The 2026 grant follows Appia's 2025 exploration program at the Alces Lake REE Property, which included ground gravity surveying, prospecting, geological mapping, and sampling. This work was designed to advance high-priority REE targets in anticipation for its upcoming diamond drilling program starting June 2026."On behalf of Appia, I would like to sincerely thank the Government of Saskatchewan for its continued support of mineral exploration in the province. Qualifying for the TMEI grant for a third consecutive year is an important recognition of Appia's ongoing rare earth element exploration work in Saskatchewan and allows us to continue reinvesting into the advancement of our critical mineral projects. Saskatchewan continues to demonstrate strong support in the development of rare earth elements, and we are pleased to be advancing our Alces Lake REE Property within this jurisdiction," said Tom Drivas, CEO of Appia.Use of FundsAppia intends to apply the $70,910.87 TMEI grant toward its upcoming 2026 summer diamond drilling program at the Alces Lake REE Property. The program is expected to begin in June 2026 and includes approximately 3,300 meters of diamond drilling across nine planned drill holes, designed to test priority REE targets refined through Appia's 2024 airborne gravity gradiometer survey and 2025 ground gravity, prospecting, mapping, and sampling work.For more information regarding the Saskatchewan Targeted Mineral Exploration Incentive (TMEI), please click here.For more information regarding the Saskatchewan Mineral Tenure Registry Regulations, please click here.About the Alces Lake Project The Alces Lake project encompasses some of the highest-grade total and critical* REE and gallium mineralization in the world, hosted within several surface and near-surface monazite occurrences that remain open at depth and along strike.Critical rare earth elements/oxides (CREO) are defined here as those that are in short-supply and high-demand for use in permanent magnets that enable modern electronic applications such as electric vehicles and wind turbines. The "magnet alloy" CREO are neodymium (Nd), praseodymium (Pr), dysprosium (Dy) and terbium (Tb).The Alces Lake project is located in northern Saskatchewan, the same provincial jurisdiction that the Saskatchewan Research Council (SRC) is developing a "first-of-its-kind" rare earth processing facility in Canada. The Alces Lake project area is ~ 38,522 hectares (~95,191acres) in size and is 100% owned by Appia.The technical content in this news release was reviewed and approved by Dr. Irvine R. Annesley, P.Geo., Senior Exploration Advisor of Appia and a Qualified Person as defined by National Instrument 43-101.About Appia Rare Earths & Uranium Corp. Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company holds a 25% interest in the Ultra Hard Rock and Ultra IAC Projects, which total 42,932.24 ha. in size and are located within the state of Goiás in Brazil. Ultra is obligated to acquire Appia's 25% interest in the Ultra Hard Rock and Ultra IAC Projects in exchange for a 25% equity interest in Ultra once a prefeasibility study has been prepared in respect of the Ultra IAC project and a mineral resource estimate has been prepared in respect of the Ultra Hard Rock project (see November 4, 2025 Press Release here).The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property and exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.Appia has 194.9 million common shares outstanding, 206.6 million shares fully diluted.Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.For more information, visit www.appiareu.com As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (X,?Facebook,?LinkedIn)?please feel free to send direct messages.Contact:Tom Drivas
CEO and Director
(416) 876-3957
tdrivas@appiareu.comJason Bagg
VP Corporate Development
(647) 874-5278
jbagg@appiareu.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298399 Original: Appia Rare Earths & Uranium Corp. Qualifies for Third Consecutive Saskatchewan TMEI Grant of $70,910.87
CA Market News
1月前
Appia Plans a 3,300 Metre Summer Drill Program at the Alces Lake Rare Earth Elements PropertyApril 29, 2026 7:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - April 29, 2026) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to provide an update on its Alces Lake Rare Earth Elements (REE) Property in northern Saskatchewan, where the Company has finalized its exploration plans, logistics, and contractor arrangements for an approximately 3,300-metre, 9-hole diamond drill program, with mobilization scheduled to begin on or about May 29, 2026.The upcoming drill program is designed to test high-priority REE targets identified from Appia's recently announced 2025 ground gravity survey results at Alces Lake. The 2025 results refined and strengthened several target areas first outlined by the 2024 Airborne Gravity Gradiometer survey, with Targets 1, 5, 6, and 7 emerging as first-order priorities.Targets 1 through 7 were prioritized based on geophysical similarities to the high-grade WRCB zone and the large, near-surface Magnet Ridge zone. Appia intends to test these targets for the potential continuation of REE-mineralized lithological packages at depth and along strike the regional northwest-southeast structural corridor, the same corridor that hosts the property's prolific WRCB and Magnet Ridge zones.Tom Drivas, CEO and Director of Appia, commented:"Following the successful identification of several high-priority drill targets at Alces Lake, we are excited to move forward with our approximate 3,300-metre drill program this summer. With logistics now finalized, Appia is ready to take the next step in advancing the broader potential of the Alces Lake REE Property by drill testing targets at depths of approximately 300 to 500 metres that exhibit compelling geophysical similarities to the surface and near-surface WRCB and Magnet Ridge mineralized zones."The Company will make an announcement once drilling commences and will provide ongoing results as they are received.Figure 1 - Alces Lake High-Priority Drill Target Zones (Blue) - Alces Lake, SaskatchewanTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/294834_acf6311ba44758e3_001full.jpgFigure 2 - Target 1: Proposed drill holes AL-2025-10, 10aTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/294834_acf6311ba44758e3_002full.jpgFigure 3 - Target 5: Proposed drill holes AL-2025-006, 006aTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/294834_acf6311ba44758e3_003full.jpgFigure 4 - Target 6: Proposed drill holes AL-2025-007, 007aTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/294834_acf6311ba44758e3_004full.jpgFigure 5 - Target 7, Proposed drill holes AL-2025-008, 008a, 008bTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/294834_acf6311ba44758e3_005full.jpgAbout the Alces Lake Project The Alces Lake project encompasses some of the highest-grade total and critical* REE and gallium mineralization in the world, hosted within several surface and near-surface monazite occurrences that remain open at depth and along strike.* Critical rare earth elements/oxides (CREO) are defined here as those that are in short-supply and high-demand for use in permanent magnets that enable modern electronic applications such as electric vehicles and wind turbines. The "magnet alloy" CREO are neodymium (Nd), praseodymium (Pr), dysprosium (Dy) and terbium (Tb).The Alces Lake project is located in northern Saskatchewan, the same provincial jurisdiction that the Saskatchewan Research Council (SRC) is developing a "first-of-its-kind" rare earth processing facility in Canada. The Alces Lake project area is ~ 38,522 hectares (~95,191acres) in size and is 100% owned by Appia.The technical content in this news release was reviewed and approved by Dr. Irvine R. Annesley, P.Geo., Senior Exploration Advisor of Appia and a Qualified Person as defined by National Instrument 43-101.About Appia Rare Earths & Uranium Corp. Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company holds a 25% interest in the Ultra Hard Rock and Ultra IAC Projects, which total 42,932.24 ha. in size and are located within the state of Goiás in Brazil. Ultra is obligated to acquire Appia's 25% interest in the Ultra Hard Rock and Ultra IAC Projects in exchange for a 25% equity interest in Ultra once a prefeasibility study has been prepared in respect of the Ultra IAC project and a mineral resource estimate has been prepared in respect of the Ultra Hard Rock project (see November 4, 2025 Press Release here).The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property and exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.Appia has 194.9 million common shares outstanding, 206.6 million shares fully diluted.Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.For more information, visit www.appiareu.com As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (X,?Facebook,?LinkedIn)?please feel free to send direct messages.Contact: Tom Drivas
CEO and Director
(416) 876-3957
tdrivas@appiareu.com
Jason Bagg
VP Corporate Development
(647) 874-5278
jbagg@appiareu.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/294834
Original: Appia Plans a 3,300 Metre Summer Drill Program at the Alces Lake Rare Earth Elements Property
CA Market News
2月前
Appia Completes SPARTAN MT Survey at its Otherside Uranium PropertyApril 1, 2026 7:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - April 1, 2026) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce the completion of its Q1 2026 SPARTAN Magnetotelluric ("MT") survey on the Company's 100 percent owned Otherside Uranium Property (the "Property") in Saskatchewan's Athabasca Basin.The 10,441.88-hectare Otherside Uranium Property is located approximately 28 km south of Fond du Lac, Saskatchewan. Appia has identified an approximately 49 km-long, faulted and sheared electromagnetic ("EM") conductor trend that is considered prospective for Athabasca-style uranium mineralization.Preliminary Results Potentially Indicate Multiple Uranium Structural Settings
Preliminary field observations and early review of the MT dataset are encouraging, highlighting multiple structural geochemical traps along the conductor trend that may be favourable for uranium mineralization. Importantly, the Otherside Uranium Property continues to exhibit electromagnetic signatures and structural features that are comparable to those associated with NexGen Energy's "Arrow" deposit (see Appia's Otherside Presentation) and other well known uranium deposits in the Athabasca Basin. Appia is currently awaiting Quantec's final processing and interpretation deliverables to provide a more complete picture of the subsurface architecture and to further refine priority drill targets for Appia's planned 2026 to 2027 drill program.Survey Objective: Advance Drill Ready Targeting
The MT survey was designed to refine and confirm drill ready targets along the extensive conductor trend by mapping subsurface resistivity and identifying key faults and shear zones, conductive zones, and resistivity contrasts that may reflect structural pathways and alteration associated with uranium deposition. The results will be integrated into a 3D geophysical-geological model with Appia's 2024 airborne gravity and magnetic survey data, along with historical datasets, to strengthen target confidence and support final drill planning/targeting.Tom Drivas, President of Appia, commented:"The completion of this MT survey is an important milestone for our Otherside Uranium Property. Early indications are very encouraging, with geophysical signatures comparable to NexGen's "Arrow" and other Athabasca Basin deposits. We look forward to final results to refine drill targets for 2026 to 2027."Figure 1 - Magnetotelluric (MT) Survey Lines - Appia's Otherside Uranium PropertyTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/290820_12a9efeb34bc1939_001full.jpgThe technical content in this news release was reviewed and approved by Dr. Irvine R. Annesley, P.Geo., Senior Exploration Consultant to Appia and a Qualified Person as defined by National Instrument 43-101.About Appia Rare Earths & Uranium Corp. Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company holds a 25% interest in the Ultra Hard Rock and Ultra IAC Projects, which total 42,932.24 ha. in size and are located within the state of Goiás in Brazil. Ultra is obligated to acquire Appia's 25% interest in the Ultra Hard Rock and Ultra IAC Projects in exchange for a 25% equity interest in Ultra once a prefeasibility study has been prepared in respect of the Ultra IAC project and a mineral resource estimate has been prepared in respect of the Ultra Hard Rock project (see November 3, 2025 Press Release here).The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property and exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.Appia has 194.9 million common shares outstanding, 206.6 million shares fully diluted.Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.For more information, visit www.appiareu.com As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (X,?Facebook,?LinkedIn)?please feel free to send direct messages.Contact: Tom Drivas
CEO and Director
(416) 876-3957
tdrivas@appiareu.com
Jason Bagg
VP Corporate Development
(647) 874-5278
jbagg@appiareu.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290820
Original: Appia Completes SPARTAN MT Survey at its Otherside Uranium Property
CA Market News
3月前
Appia Reports Diamond Drilling on ULTRA HARD ROCK Carbonatite Target Intercepts 300m at 2.55% Total Rare Earth Oxide from Surface Including 1.7m at 14.27% TREO in Goias, BrazilFebruary 24, 2026 8:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - February 24, 2026) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce that Ultra Rare Earth Inc. ("Ultra") has completed a 26-hole diamond drilling program totaling 7,347.1 metres at the Ultra Hard Rock carbonatite target. Information received from Ultra shows that preliminary assay results have identified significant intervals of Total Rare Earth Oxide (TREO) and Magnet Rare Earth Oxide (MREO). Additional assay results remain pending and are expected in the coming weeks. Appia holds a 25% interest in the ULTRA Hard Rock and ULTRA IAC Projects, which total 42,932.24 ha in size and are located within the state of Goiás in Brazil. HighlightsHighlights from assays for 13 drill holes received to date are detailed in Table 1. Results from 13 drillholes are pending and will be released when available.Hole #From
(m)To
(m)Core
Length
(m)TREO
(%)TREO
(ppm)MREO1
(ppm)MREO/
TREO
(%)UNA-DDH-01503003002.5525,5004,73018.5including299974.5245,2008,65719.1including9399613.30130,00021,18215.9including95.3971.714.27142,70023,23516.3including284300165.2052,0008,08215.5UNA-DDH-01303003002.3923,9003,64615.2including26.655.6294.0240,2006,70816.7UNA-DDH-01202402401.9719,7003,31316.8including040404.2742,7007,67517.9including188220323.0430,4004,40714.5PCH-DDH-008098982.8928,9004,27614.8including1644284.0340,3005,34013.3UNA-DDH-0090301.05301.051.1911,9002,20518.5including4862143.1931,9004,43913.9including210266561.2612,6002,56920.41 Magnet Rare Earth Oxides (MREO) = Neodymium (Nd4O7) + Praseodymium (Pr2O3) + Terbium (TbO11) + Dysprosium (Dy2O3) Initial results can be viewed using this link and the collar of the executed drillholes using this link.The Ultra IAC and Hard Rock Projects are unique with two distinct styles of mineralization, Ionic Adsorption Clay REE mineralization associated with the weathered Iporá Granite, (Ultra IAC) and high-grade REE mineralization associated with carbonatite intrusions (Ultra Hard Rock). Drilling work on the ULTRA IAC Target is underway with two Reverse Circulation (RC) rigs on site and two more rigs expected in the first week of March, with plans to drill a total of 952 RC holes. Initial Assay results are expected in the next few weeks. In addition, Ultra will continue exploration drilling with two auger rigs.Tom Drivas, CEO & Director of Appia, commented: "These latest drill results continue to demonstrate the impressive scale and grade of the Ultra Hard Rock carbonatite mineralized system, with long intercepts from surface and multiple high-grade zones above 4% TREO. Particularly notable is the exceptional high-grade interval of 1.7 metres grading 14.27% TREO at 95.3 metres, which highlights the strength of the system. These results further reinforce our confidence as drilling continues to expand the target zone." The drillholes (Figure 1) reached up to 300 metres delineating most of the carbonatitic intrusion dimensions and confirm the continuity of the grades already identified in the three drillholes executed on the previous program. Figure 1– Location of all drillholes completed on the Hard Rock Carbonatite Target.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/284993_3da7efac34486afd_001full.jpgAll assay results received to date clearly delineate the carbonatite body (see Figure 2). Pending assay results are expected to further define the extent and geometry of the mineralized intrusion and will support the development of a future mineral resource estimate. Appia remains highly encouraged by the scale and mineralization potential of the carbonatite system.The presence of uranium and thorium is very low with 7.46ppm and 66.48ppm in average, respectively. Mineralization is open at depth and reappears in the northeast indicating a good potential in increasing volumes of the carbonatitic body.Figure 2– 3D view looking towards North with TREO interval grades of drillholes with results received to date.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/284993_3da7efac34486afd_002full.jpgQuality Assurance / Quality Control (QA/QC)Drillhole intervals are apparent and real thickness, depending on the drillhole inclination. The material produced from the diamond drillholes are sampled at two metre intervals splitting the core in half, resulting in average sample sizes of 4-5 kg. The other Half core is kept in storage for further tests. The original core was logged and photographed.The bagged samples are sent to the ALS laboratory in Goiânia, Goiás for initial preparation and sent to Lima, Peru for final analysis. In addition to the internal QA/QC of the ALS Lab, Ultra includes its own control samples in each batch of samples sent to the laboratory.Quality control samples, such as blanks, duplicates, and standards (CRM) were inserted into each analytical run. For all analysis methods, the minimum number of QA/QC samples is three standard, one duplicate and one blank, introduced in each batch. Several batches were used to comprises the full-length hole. The rigorous procedures are implemented during the sample collection, preparation, and analytical stages to insure the robustness and reliability of the analytical results.All analytical results reported herein have passed internal QA/QC review and compilation. All assay results of DDH samples were provided by ALS, a Certified Laboratory, which performed their measure of the concentration of rare earth elements (REE) with the ME-MS81h analytical method that uses lithium borate fusion prior acid dissolution and Inductively Coupled Plasma Mass Spectrometry (ICP-MS). Major Element Oxides were done using ME-ICP06h analytical method using lithium borate fusion and inductively coupled plasma atomic emission spectroscopy (ICP-AES). The technical information in this news release, including the information related to geology, drilling, and mineralization, has been reviewed and approved by Andre L. L. Costa, Chief Geologist of Ultra. Mr. Costa is a APEGS Professional Geoscientist (P.Geo.) and a Fellow of Australian Institute of Geoscientists (FAIG), a Qualified Person (QP) as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.About Appia Rare Earths & Uranium Corp. Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company holds a 25% interest in the Ultra Hard Rock and Ultra IAC Projects, which total 42,932.24 ha. in size and are located within the state of Goiás in Brazil. Ultra is obligated to acquire Appia's 25% interest in the Ultra Hard Rock and Ultra IAC Projects in exchange for a 25% equity interest in Ultra once a prefeasibility study has been prepared in respect of the Ultra IAC project and a mineral resource estimate has been prepared in respect of the Ultra Hard Rock project (see November 4, 2025 Press Release here).The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property and exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.Appia has 194.9 million common shares outstanding, 206.6 million shares fully diluted.Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.For more information, visit www.appiareu.com.As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (X,?Facebook,?LinkedIn)?please feel free to send direct messages.Contact:Tom Drivas
CEO and Director
(416) 876-3957
tdrivas@appiareu.comJason Bagg
VP Corporate Development
(647) 874-5278
jbagg@appiareu.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284993
Original: Appia Reports Diamond Drilling on ULTRA HARD ROCK Carbonatite Target Intercepts 300m at 2.55% Total Rare Earth Oxide from Surface Including 1.7m at 14.27% TREO in Goias, Brazil
douginil
2年前
Appia Reports High-Grade Total Rare Earth Oxide Results up to 22,339 ppm or 2.23% on Diamond Drill Hole #1 Within Target IV at PCH IAC Project, Brazil
TORONTO, ON, February 26th, 2024, Appia Rare Earths & Uranium Corp. (the “Company†or “Appiaâ€) (CSE: API) (OTCQX: APAAF) (FWB: A0I0) (MUN: A0I0) (BER: A0I0) announces results from its 2023 Diamond Drill Hole (DDH) #1 in the NE zone within Target IV at its PCH IAC REE project in Brazil. The exploratory drill hole aimed to assess the continuity of the alkali breccia present through depth, reaching a total depth of 243.25 metres and collar coordinates 480,250.3E 8,193,820.9N (Datum SIRGAS 2000 ZONE 22S). Results have revealed a true thickness of approximately 217 metres, inclined at -63 degrees.
Stephen Burega, President, commented, "The findings from the ionic clay and saprolite weathered profile on PCH-DDH-001 underscore the exceptional potential of the target zone. The weathered profile along the hole extended to approximately 20 meters of true thickness yielding concentrations of 5,548 ppm or 0.55% Total Rare Earth Oxide (TREO), 1,420 ppm or 0.14% Magnet Rare Earth Oxide (MREO). The results confirm the ultra-high-grade nature of the upper levels, including concentrations reaching up to 22,339 ppm or 2.23% TREO, 6,204 ppm or 0.62% MREO, and 2,074 ppm or 0.21% Heavy Rare Earth Oxide (HREO) across 2 metres from a depth of 2 m to 4 m.â€
Highlights:
Composite results across 243.25 metres:
1,901 ppm or 0.19% TREO including 457 ppm or 0.05% MREO, 143 ppm or 0.01% HREO, and 1,757 ppm or 0.18% Light Rare Earth Oxide (LREO).
Composite results from 0-22.25 metres:
5,548 ppm or 0.55% TREO including 1,420 ppm or 0.14% MREO, 460 ppm or 0.05% HREO, and 5,099 ppm or 0.50% LREO.
Composite results 0-9 metres:
10,247 ppm or 1.02% TREO, 2,672 ppm or 0.27% MREO, 867 ppm or 0.09% HREO, and 9,380 ppm or 0.94% LREO, including:
22,339 ppm or 2.23% TREO, 6,204 ppm or 0.62% MREO, 2,074 ppm or 0.21% HREO, and 20,265 ppm or 2.03% LREO (from 2-4 m).
Composite results 25.50-52.00 metres:
2,168 ppm or 0.22 % TREO, 518 ppm or 0.05% MREO, 153 ppm or 0.01% HREO, and 2,015 ppm or 0.20% LREO.
Composite results 58.00-140.00 metres:
1,648 ppm or 0.16 % TREO, 378 ppm or 0.04% MREO, 109 ppm or 0.01% HREO, and 1,538 ppm or 0.15% LREO.
Composite results 164.30-243.25 metres (EOH):
1,369 ppm or 0.13 % TREO, 329 ppm or 0.3% MREO, 115 ppm or 0.01% HREO, and 1,255 ppm or 0.13% LREO.
“Appia’s DDH-001 reveals more than 26 meters with over 2,000 ppm TREO below the saprolite. The mineralized breccia indicates in most of the intervals expected concentration of REE common to carbonatitic rocks that serves as a source for the enrichment in REE found on the ionic clay interval (0 to 22.25 metres). Some samples below 22.25 metres returned grades above 4,000 ppm TREO, offering opportunities for exploratory investigation into the hard rock depths. With over 2,000 metres drilled, the total 2023 drilling campaign consisted of 147 Reverse Circulation (RC) holes, 1 DDH, and over 200 exploratory auger holes, the PCH Project continues to demonstrate significant mineralization and high-grade REE contents, validating our strategic approach,†adds Burega.
The Company remains committed to advancing exploration activities at its PCH Project with its ongoing auger drilling program and looks forward to providing updates on the NI-43-101 Technical Report and maiden Mineral Resource Estimate in collaboration with SGS Consultants.
douginil
2年前
Appia Reports 92,758 ppm (9.3%) TREO, 13,798 ppm MREO (1.38%) and 2,241 (.24%) ppm HREO over 2m Within the Total Weighted Average of 38,655 ppm (3.87%) TREO, 6,869 ppm (.69%) MREO, and 1,380 ppm (.14%) HREO Across 24m (EOH) Following the Reanalysis of Over-Limit Assay Results from PCH-RC-063 at the PCH Ionic Adsorption Clay Project in Goias, Brazil
Toronto, Ontario, January 16, 2024 - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce a substantial increase in the total weighted average grade of drill hole PCH-RC-063 at our PCH Ionic Adsorption Clay project in Goias, Brazil, which had previously been reported (Press Release October 31, 2023 - Click Here). The Reverse Circulation (RC) PCH-RC-063 drill hole exceeded multiple intervals limits of detection (LOD), prompting a reanalysis using methods suited to very high grade samples.
The new analysis, conducted by SGS Geosl Labs, used method IMS95RS. The updated assays reveal a very significant 42.2% increase in Total Rare Earth Oxides (TREO) and a notable 9.2% increase in Magnet Rare Earth Oxides (MREO). Of particular significance is the high-grade 2 metre (m) intercept from 10m to 12m, showing an exceptional 92,758 ppm (Parts Per Million) or 9.28% TREO, with 13,798 ppm or 1.38% MREO, and 2,241 ppm or 0.22% Heavy Rare Earth Oxide (HREO), and 90,516 ppm or 9.05% Light Rare Earth Oxide (LREO).
Highlights:
PCH-RC-063 from 0 - 24m End of Hole (EOH):
Total Weighted Average of 38,655 ppm or 3.87% TREO, 6,869 ppm or 0.69% MREO, 1,380 ppm or 0.14% HREO, and 37,275 ppm or 3.28% LREO.
Including 92,758 ppm or 9.28% TREO across 2m (from 10m to 12m ) with 13,798 ppm or 1.38% MREO; 2,241 ppm or 0.22% HREO; and 90,516 ppm or 9.05% LREO.
"These assays not only validate the extraordinary results of the PCH-RC-063 drill hole but also underscore the substantial high-grade potential mineralization in the SW Extension Zone (See Press Release November 28, 2023 - Click Here)," stated Tom Drivas, CEO. "We are excited about the possibilities revealed by these findings and advancing additional exploration and development efforts to fully tap into the promising potential of this high-grade zone."
Gt to web-site to read more
douginil
2年前
Appia Receives Approval for 12 Additional Claim Blocks at Its PCH Rare Earths Ionic Adsorption Clay Project, Goias, Brazil
Total Exploration Area More Than Doubled Adding 23,412.11 Hectares, Presenting Exceptional New Potential for Additional Critical Mineral Targets
Toronto, Ontario--(Newsfile Corp. - January 11, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce the extension of its existing mining claims at the PCH project in Goias, Brazil from 17,551.07 hectares to an expansive 40,963.18 hectares across a total of 22 claim blocks. This substantial 133% increase in the current land package includes 12 new claims independently staked by the Company, but included as part of the project acquisition (details available HERE), incurring minimal costs. This strategic expansion provides Appia with an exceptional opportunity to explore this promising geological corridor to the north of its current claim zones, unveiling new avenues for potential critical mineral resource discoveries.
"The expansion of our exploration rights to 40,963.18 hectares marks a pivotal moment for Appia in Brazil as we build on the momentum achieved through our initial drilling program at the Target IV and Buriti zones," commented Stephen Burega, President, "Our dedicated Brazilian team is eager to explore the untapped potential of the northern corridor, where similar geological and geophysical features have been identified."
Burega adds, "There is huge potential in these new claim blocks as we can draw clear parallels to the favourable geology that hosts the critical rare earth minerals that initially convinced us to enter into our agreement on the PCH project. Doubling the size of our overall land package within the prolific alkali province not only reflects our commitment but also strengthens the Company's strategic plans. We aim to develop a series of potential target zones, extending the project focus for the benefit of our valued shareholders. This expansion underscores our dedication to unlocking the full spectrum of opportunities in Brazil's mineral-rich landscape."
douginil
2年前
Appia Announces Scandium and Cobalt Discovery at Its New Buriti Target at the PCH Project, Brazil; Reverse Circulation Drill Hole Returns 24 Metres of Mineralization Averaging 128 ppm Scandium Oxide, 272 ppm Total Cobalt Oxides and 2,106 ppm Total Rare Earth Oxides from Surface
TORONTO, ONTARIO, December 12th, 2023, - Appia Rare Earths & Uranium Corp. (the “Company” or “Appia”) (CSE: API) (OTCQX: APAAF) (Germany: “A0I0.F”, “A0I0.MU”, “A0I0.BE”) is pleased to announce the discovery of a new mineralized zone named BURITI, showcasing mineralization of Scandium (Sc), Cobalt (Co) and Rare Earth Elements (REE) in Reverse Circulation (RC) hole PCH-RC-116. This newly identified mineralized BURITI Target, located within the weathered profile southward from the current area of interest, was revealed through exploratory RC and Auger drilling conducted as part of the ongoing 2023 drill program. Of the 300-hole drill campaign, 47 holes were executed within the newly defined Buriti Target Zone.
“This discovery opens the potential of a promising new target zone for exploration and development, and represents the first time that we have intersected significant continuous levels of Scandium Oxide (Sc2O3), Cobalt Oxide (CoO), and Rare Earth Oxides (REO) mineralization in the same RC drill hole,” stated Tom Drivas, CEO of Appia. He continued, “PCH-RC-116’s average grade of 128 ppm Sc203, 272 ppm CoO, and 2,106 ppm TREO across 24 metres from surface represents an especially important new exploration target for the Company.”
Highlights:
PCH-RC-116 from 0 – 24m End of Hole (EOH):
Total Weighted Average of 128 Parts Per Million (ppm) or 0.013% Sc2O3, 272 ppm or 0.027% CoO, and 2,106 ppm or 0.21% of Total Rare Earth Oxides (TREO).
Highest-Grade Intercepts:
133 ppm or 0.013% Sc2O3, 359 ppm or 0.036% CoO, and 2,461 ppm or 0.24% TREO across 15m (from 4-19m), including:
183 ppm or 0.018% Sc2O3, 414ppm or 0.041% CoO, and 2,401 ppm or 0.24% TREO across 6m (from 10-16m).
"These are valuable elements, identifying a mineralized zone with this range of grades that remains open at depth introduces a new layer of potential value to our PCH project,” Stated Stephen Burega, President. “Appia will be conducting a thorough investigation into the extent of this significant discovery, and analytical results for the 46 pending RC and Auger drill holes from this mineralized zone will be reported once received. Metallurgical testing is planned to confirm the economic potential of the Buriti Target.”
The Buriti Target is hosted within mafic and ultramafic rock formations associated with the Tertiary-age regional alkaline complex. Despite the proximity of Target IV, where the lithology consists of granites and alkali breccias, this new target is predominantly underlain bygabbro, diorite and pyroxenite. “The high-grade intervals identified within the weathering profile, specifically in the saprolite layer, represent a supergene concentration of scandium and cobalt together with REEs within these mafic rocks,” commented Carlos Bastos, Geology Manager and Brazilian Qualified Person (QP).
Leo Fraga, Senior Geologist, observed, “The presence of consistently higher-gradeREE values throughout the entire hole PCH-RC-116 is very encouraging. The hole remains open at depth, showing a 20-metre interval with 2,421 ppm TREO, and 454 ppm Magnet Rare Earth Oxides (MREO) constituting 20% of the total TREO from 4m to 24m (EOH).”
Recent market analysis indicates that the demand for Scandium reached approximately USD 15 billion in 2022 and forecasts indicate a significant increase in this figure is expected as Scandium appears on most Critical Metals lists globally. Despite a fairly common but distributed occurrence, scandium rarely concentrates in nature, making commercial grade stand-alone resources quite unusual. The most significant forward-looking market opportunity for scandium is as an alloying agent for aluminum. When applied as an addition to certain standard aluminum alloys, scandium can produce stronger, more corrosion resistant, more heat tolerant, weldable aluminum products. This strong resistance to extreme heat that makes scandium oxide important in various applications, including high-temperature systems, electronic ceramics, aerospace alloys, and glass manufacturing. Scandium is currently trading in a substantial +/-$1000 USD per kg range.
The Company has achieved a milestone of 300 combined drill holes and is committed to keeping investors informed of the project results. Timely updates will be provided as assay results are obtained from the remaining 3 RC, 77 auger drill holes, which are located both within Target IV and various extension zones including the newly defined Buriti Zone. The Company has an ongoing auger drilling program across the entire PCH property to identify additional target zones, which further underscores our commitment to thorough exploration beyond the established Target IV and Buriti Target areas.
antman
2年前
Appia Rare to issue 500,000 shares under PCH option
2023-12-04 11:14 ET - News Release
Mr. Tom Drivas reports
APPIA ANNOUNCES CLOSING OF PCH PROJECT ACQUISITION
Appia Rare Earths & Uranium Corp., further to the press release issued on June 9, 2023, will be issuing the first tranche of 500,000 shares pursuant to the definitive agreement with 3S Ltda., Beko Invest Ltd., Antonio Vitor Jr. and AZ125 Mineracao Ltda., now known as Appia Brasil Rare Earths Mineracao Ltda., to acquire up to a 70-per-cent interest in the PCH project located in the Tocantins structural province of the Brasilia fold belt, Goias state, Brazil.
Pursuant to the terms of the definitive agreement, the property is now registered in the name of the company, and Appia currently holds a 70-per-cent interest in the company (350,000 quotas) and Mr. Vitor holds a 30-per-cent interest in the company (150,000 quotas). The first tranche of 500,000 shares will be issued to Beko on Dec. 11, 2023.
Upon the issuance of the 500,000 shares, the continuing exploration and development of the property will be governed by the terms of a quota holders agreement among Appia, Beko, Mr. Vitor and the company dated July 20, 2023. Appia can maintain its 70-per-cent interest in the company by issuing an aggregate of a further two million common shares of Appia to Beko and spending $10-million (U.S.) on the property over a period of five years (the option period), after which Appia will have earned a 60-per-cent interest in the company. If Appia earns its 60-per-cent interest, it will then be obligated, within 90 days of earning its 60-per-cent interest, to issue a further $1.25-million (U.S.) of common shares of Appia to Beko to earn a further 10-per-cent interest in the company. The number of shares to be issued to earn the further 10 per cent shall be that number of common shares of Appia equal to the number arrived at by dividing $1.25-million (U.S.) by the greater of: the average closing price of the common shares as quoted on the Canadian Securities Exchange (CSE) for the 30 trading days immediately preceding the announcement by Appia of its intention to earn the additional 10-per-cent interest; and the discounted market price of the common shares of Appia based on the last closing price immediately preceding the announcement.
Appia will acquire incremental vested interests in the company upon completion of specific expenditure requirements, pursuant to the terms of the definitive agreement. Once Appia issues at least a further 500,000 common shares to Beko and spends at least $1-million (U.S.) on the property (at which time it will have earned a 10-per-cent interest in the company) (the initial obligation), Beko will be granted a 1-per-cnet net smelter return (NSR) royalty in the property. Appia will have a right of first refusal to acquire the 1-per-cent NSR.
Once Appia has earned its 70-per-cent interest in the company, Appia and Mr. Vitor will enter into a joint venture with respect to the further exploration and development of the property, with Appia holding a 70-per-cent interest and Mr. Vitor holding a 30-per-cent interest in the company. The quota holders agreement will act as a unanimous shareholders agreement and a joint venture agreement with respect to the further exploration and development of the property. Upon the formation of the joint venture, Mr. Vitor will have 90 days within which to elect to either: (a) participate in the joint venture and contribute his pro rata share of expenditures, or be diluted; (b) sell all of his 30-per-cent interest in the company, subject to a right of first refusal in favour of Appia; or (c) elect to have Appia finance its pro rata share of expenditures pursuant to the joint venture, subject to the right of Appia to be reimbursed for 150 per cent of the expenditures made by Appia on behalf of Mr. Vitor before any proceeds are paid to Mr. Vitor.
If a party is required to make a contribution pursuant to the joint venture and that party does not make its pro rata contribution to development expenditures, that party's interest in the company will be diluted pro rata, based upon that party's deemed and actual contributions to the joint venture relative to the total deemed and actual contributions to the joint venture by both parties. A party whose interest is diluted to 10 per cent or less shall immediately be converted to a 1-per-cent net smelter return royalty, with the remaining party's interest converted to a 100-per-cent interest in the company subject to payment of the 1-per-cent dilution NSR. The remaining party will have a right of first refusal to purchase the 1-per-cent dilution NSR.
Should Appia fail to make some or all of the expenditures required in any year, Beko will notify Appia in writing of such failure, after which Appia will have 30 days to make the required expenditure. Failure to make the expenditure within the 30 days will result in Appia's earned interest being reduced pro rata in proportion to the amount of money actually expended by Appia in such year. Appia shall have the right to make additional expenditures in a subsequent year to earn the balance of the interest it would have earned had it made the entire expenditure in the previous year. If Appia fails to expend an aggregate of $10-million (U.S.) and issue an aggregate of two million common shares of Appia to Beko within the option period, Appia may, at any time during the option period after completing the initial obligation, notify Beko that it does not intend to provide any further financing for the property (the cease financing notice). Upon delivery of the cease financing notice to Beko, Appia shall have earned the applicable interest in the company and shall transfer to Mr. Vitor that number of quotas of the company equal to 70 per cent minus the earned interest. Thereafter, Appia shall hold the earned interest in the company and Mr. Vitor shall hold 100 per cent minus the earned interest in the company. Upon delivery of the cease financing notice, and the adjustment in the interests of Appia and Mr. Vitor in the company, the parties shall use their commercially reasonable efforts to determine how to proceed with their respective interests in the company.
Background on the PCH project
The PCH project is located within the Tocantins structural province in the Brasilia fold belt, more specifically, the Arenopolis magmatic arc. The PCH project is 17,551.07 hectares in size and located within the Goias state of Brazil. It is classified as an alkaline intrusive rock occurrence with highly anomalous REE (rare earth element) and niobium mineralization. This mineralization is related to alkaline lithologies of the Fazenda Buriti plutonic complex, and the hydrothermal and surface alteration products of this complex by supergene enrichment in a tropical climate. The positive results of the geochemical exploration work carried out to date indicates the potential for high-grade REEs and niobium mineral resources within the lateritic ionic adsorption clays.
About Appia Rare Earths & Uranium Corp.
Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The company is currently focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, as well as exploring for high-grade uranium in the prolific Athabasca basin on its Otherside, Loranger, North Wollaston and Eastside properties. The company holds the surface rights to exploration for 113,837.15 hectares (281,297.72 acres) in Saskatchewan. The company also has a 100-per-cent interest in 12,545 hectares (31,000 acres), with rare earth element and uranium deposits over five mineralized zones in the Elliot Lake camp, Ontario. Lastly, the company holds the right to acquire up to a 70-per-cent interest in the PCH project which is 17,551.07 ha in size and located within the Goias state of Brazil (see June 9, 2023, press release).
We seek Safe Harbor.
© 2023 Canjex Publishing Ltd. All rights reserved.
antman
2年前
Appia corrects Target IV total area to 193 hectares
2023-11-28 19:40 ET - News Release
Mr. Tom Drivas reports
APPIA ANNOUNCES CORRECTED TARGET IV TOTAL AREA
Further to Appia Rare Earths & Uranium Corp.'s press release issued earlier today, the total area for Target IV has been updated to 193 hectares, with the further delineation of the SW extension zone, a significant high-grade rare earth element mineralized zone located in the southwest corner of the Target IV zone. This discovery spans an area of over 1,000 metres by 500 metres, with an average thickness of approximately 19 metres, and builds on the previously announced remarkable PCH-RC-63 results. (See the Oct. 31, 2023, press release.) The press release issued earlier today erroneously listed the total area shown for Target IV as 1,702 hectares, rather than 193 hectares.
Highlights:
High-grade SW extension zone:
10 reverse circulation holes with a total weighted average of 7,578 parts per million or 0.76 per cent total rare earth oxide, including:
1,744 ppm or 0.17 per cent magnet rare earth oxide, 416 ppm or 0.04 per cent heavy rare earth oxide, and 7,162 ppm or 0.71 per cent light rare earth oxide;
The SW extension zone currently spans approximately 0.5 square kilometre with average hole depths of 19 metres -- all open at depth;
Highest-grade RC and auger intercepts:
PCH-RC-067 from zero to 11 metres, end of hole:
24,309 ppm or 2.43 per cent TREO, 5,717 ppm or 0.57 per cent MREO, 1,452 ppm or 0.15 per cent HREO, and 22,857 ppm or 2.29 per cent LREO;
PCH-RC-066 from zero to 13 m, EOH:
12,858 ppm or 1.29 per cent TREO, 2,789 ppm or 0.28 per cent MREO, 524 ppm or 0.05 per cent HREO, and 12,334 ppm or 1.23 per cent LREO;
PCH-RC-063 from zero to 24 m, EOH:
27,188 ppm or 2.72 per cent TREO, 6,293 ppm or 0.63 per cent MREO, 1,369 ppm or 0.14 per cent HREO, and 25,819 ppm or 2.59 per cent LREO;
Two AH holes have a total weighted average of 10,249 ppm or 1.02 per cent TREO, including:
PCH-AH-29 from zero to seven m, EOH:
4,122 ppm or 0.41 per cent TREO, 1,066 ppm or 0.11 per cent MREO, 361 ppm or 0.04 per cent HREO, and 3,762 ppm or 0.38 per cent light rare earth oxides;
PCH-AH-30 from zero to seven m, EOH:
16,375 ppm or 1.64 per cent TREO, 2,955 ppm or 0.30 per cent MREO, 457 ppm or 0.05 per cent HREO, and 15,918 ppm or 1.59 per cent light rare earth oxides.
"We believe that the high-grade nature of the SW extension zone, which contains magnet rare earth oxides sample values of up to 13,212 ppm or 1.32 per cent, places this discovery on a global stage. The fact that all of these holes are still open at depth creates an opportunity to discover additional mineralization at depth," stated Tom Drivas, chief executive officer.
"Appia's work with exploratory auger drilling has delivered compelling results, particularly when the 2023 auger holes PCH-AH-29 and PCH-AH-30 are included, which returned a total weighted average of over 10,000 ppm or 1 per cent TREO over seven m of depth," noted Stephen Burega, president. "Follow-up RC drilling successfully expanded the overall total depth of the high-grade mineralization to an average of approximately 19 metres across this zone, and we've observed mineralization throughout the length of all RC and auger holes. For instance, holes PCH-RC-063 with a total depth of 24 m and PCH-RC-067 with a total depth of 11 m each yielded grades exceeding 24,000 ppm or 2.4 per cent TREO and over 5,000 ppm or 0.5 per cent MREO at the bottom of each drill hole."
The lateral extension and the depth of the SW extension high-grade zone has not been fully tested, and the company eagerly awaits results from the remaining seven RC holes drilled within this new zone, in addition to the numerous RC drill holes to the south located outside of the Target IV boundary. Target IV encompasses 193 hectares, with the SW extension zone occupying about 50 hectares. In total, the PCH project spans 17,551 hectares across 10 claims.
Appia has previously provided details on a total of 57 RC drill holes, showcasing an extraordinary overall total weighted-average grade of 2,287 ppm TREO (see the press release dated Nov. 9, 2023). The company will provide timely updates to investors as assay results are received from the remaining 85 RC, 128 auger and one diamond drill holes, which are located both within Target IV and from various extension zones outside of the main Target IV zone.
Background on the PCH project
The PCH project is located within the Tocantins structural province in the Brasilia fold belt, more specifically, the Arenopolis magmatic arc. The PCH project is 17,551.07 hectares in size and located within the Goias state of Brazil. It is classified as an alkaline intrusive rock occurrence with highly anomalous rare earth element and niobium mineralization. This mineralization is related to alkaline lithologies of the Fazenda Buriti plutonic complex and the hydrothermal and surface alteration products of this complex by supergene enrichment in a tropical climate. The positive results of the geochemical exploration work carried out to date indicate the potential for high-grade REEs and niobium mineral resources within the lateritic ionic adsorption clays.
Quality assurance/quality control
Reverse circulation drill holes are vertical, and reported intervals are true thicknesses. Each is sampled at one-metre intervals, resulting in average sample sizes of five to 25 kilograms. A small representative specimen was taken from each sample bag and placed into a chip tray for visual inspection and logging by the geologist. Quartering was performed at Appia's logging facility using a riffle splitter and continued splitting until a representative sample weighing approximately 500 grams each was obtained, bagged in a resistant plastic bag, labelled, photographed and stored for shipment.
The samples were sent to the SGS laboratory in Vespasiano, Minas Gerais. In addition to the internal QA/QC of the SGS lab, Appia has included its own control samples in each sample batch sent to the laboratory.
Quality control samples, such as blanks, duplicates and standards (CRM), were inserted into each analytical run. For all analytical methods, the minimum number of QA/QC samples is one standard, one duplicate and one blank, introduced into every batch which comprises a full-length hole. The rigorous procedures implemented during the sample collection, preparation and analysis stages underscore the robustness and reliability of the analytical results obtained.
All analytical results reported herein have passed internal QA/QC review and compilation. All assay results of RC samples were provided by SGS Geosol, an ISO/IEC 17025:2005 certified laboratory, which performed its measure of the concentration of rare earth element analyses by inductively coupled plasma mass spectrometry (ICP-MS) analytical methods.
The technical content in this news release was reviewed and approved by Don Hains, PGeo, consulting geologist, a qualified person as defined by National Instrument 43-101.
About Appia Rare Earths & Uranium Corp.
Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The company is currently focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, as well as exploring for high-grade uranium in the prolific Athabasca basin on its Otherside, Loranger, North Wollaston and Eastside properties. The company holds the surface rights to exploration for 113,837.15 hectares (281,297.72 acres) in Saskatchewan. The company also has a 100-per-cent interest in 12,545 hectares (31,000 acres), with rare earth element and uranium deposits over five mineralized zones in the Elliot Lake camp, Ontario. Lastly, the company holds the right to acquire an up-to-70-per-cent interest in the PCH project, which is 17,551.07 hectares in size and located within the Goias state of Brazil (see the June 9, 2023, press release).
Appia has 130.5 million common shares outstanding and 138.0 million shares fully diluted.
We seek Safe Harbor.
© 2023 Canjex Publishing Ltd. All rights reserved.