Appia Rare Earths & Uranium Corp - APAAF stock
OTC Symbol: APAAF | OTC Tier: OTCQX International
Overview[edit]
Appia Rare Earths & Uranium Corp. (OTC: APAAF, CSX: API) holds the rights to mineral properties in Canada and Brazil. In addition, they conduct exploration, development, and assessments of the mineral characteristics. Investigation in this area mainly focuses on finding uranium and other rare earth minerals. The Elliot Lake property is situated in the northern part of Ontario and has 61 mining claims spread over a total area of about 12,545 hectares. The company holds all of the shares in the Elliot Lake property. It also has an interest in the Alces Lake property in Saskatchewan, which is spread out over an area of 25,083.8 hectares; the Eastside property in Saskatchewan, which is spread out over an area of 4,933 hectares; the Loranger property in Saskatchewan, which contains 26,409 hectares; and the North Wollaston property in Saskatchewan, which covers an area of 16,682 hectares. All of these properties are located in Saskatchewan. This business operated under the name Appia Energy Corp. up until October 2021, when it changed its name. Nevertheless, during that month, the Company formally transformed itself into Appia Rare Earths & Uranium Corp. The Appia Rare Earths & Uranium Corp. was founded in 2007, and its headquarters can be found in the city of Toronto, Canada.[1]
Exploration Activities[edit]
Athabasca Basin Projects[edit]
Alces Lake[edit]
The Alces Lake Project includes 38,522 hectares (approximately 95,191 acres) in the Canadian Shield area in northern Saskatchewan where 316 holes have been drilled. Appia owns a 100% interest in this project and hopes to find Neodymium, Praseodymium, Dysprosium, Terbium, Uranium, Phosphates, and Gallium.[2]
Loranger[edit]
The Loranger Project spans 26,409 hectares (65,258 acres) and is located in Saskatchewan. Appia owns a 100% interest in this project and is exploring for Uranium, Zinc, Copper, and Molybdenum.[3]
North Wollaston[edit]
The North Wollaston Project spans 16,681 hectares (41,220 acres) and is located in Saskatchewan. Appia owns a 100% interest in this project and is exploring for Uranium, Molybdenum, and REE.[3]
Eastside[edit]
The Eastside Project spans 4,933 hectares (12,189 acres) and is located in Saskatchewan. Appia owns a 100% interest in this project and is exploring for Uranium, Molybdenum, Copper, PGE, and REE.[3]
Otherside[edit]
The Otherside Project spans 27,291 hectares (67,437 acres) and is located in Saskatchewan. Appia owns a 100% interest in this project and is exploring for Uranium.[3]
PCH Project[edit]
The PCH Project is believed to be a unique mineralization zone and drills holes have shown the potential for significant mineral deposits in what the company calls Target IV.[4] Appia entered into an agreement to acquire 70% of the project located in the Tocantins Structural Province of the Brasília Fold Belt, Goiás State, Brazil. The agreement involves 3S LTDA, Beko Invest Ltd., Antonio Vitor Junior and AZ125 Mineracao Ltda. Appia will acquire incremental interest in the project based on expenditure requirements of at least US$1 million.[5]
The PCH Project is situated in the Tocantins Structural Province within the Brasília Fold Belt, specifically in the Arenópolis Magmatic Arc. This project covers an area of 17,551.07 hectares and is located in the Goiás State of Brazil. It is categorized as an occurrence of alkaline intrusive rocks with notably elevated levels of Rare Earth Elements (REE) and Niobium mineralization. This mineralization is linked to alkaline rock formations from the Fazenda Buriti Plutonic Complex, as well as the effects of hydrothermal processes and surface alterations within this complex due to supergene enrichment in a tropical climate. Geochemical exploration conducted thus far suggest the potential for high-grade REEs and Niobium mineral resources within the lateritic ionic adsorption clays at this site.[4]
Elliot Lake[edit]
Appia holds sole ownership of a significant land area covering 13,008 hectares (32,143 acres) in the Algoma District, Ontario, Canada, situated within the well-known Elliot Lake uranium camp. Positioned midway between the major cities of Sudbury and Sault Ste. Marie, this project benefits from a strategic geographical location. Previous efforts on the Elliot Lake project included a drilling initiative that notably enhanced the company's understanding of the geological characteristics within the Teasdale Lake and Banana Lake zones. An update on the noteworthy progress regarding the project's existing NI 43-101 resource estimate in July 2013 laid the groundwork for subsequent exploration endeavors. The Elliot Lake uranium-REE property encompasses a collection of 101 staked mineral claims, located approximately 3km north of the town of Elliot Lake.[6]
Funding[edit]
Appia announced that it will completed the final tranche of its non-brokered private placement offering November, 2022, by issuing 1,980,000 flow-through shares for $990,000, plus 409,300 working capital units for $176,000 respectively. The total gross proceeds of the offering were $1,090,000.[7]
- ↑ Appiareu.com. Appia Rare Earths & Uranium Corp. A clean energy company. Retrieved on 12/13/2022
- ↑ appiareu.com. Alces Lake Project. Retrieved on 3/23/2024.
- ↑ 3.0 3.1 3.2 3.3 appicareu.com. Saskatchewan Properties. Retrieved on 3/23/2024.
- ↑ 4.0 4.1 appiareu.com. PCH Project. Retrieved on 3/23/2024.
- ↑ Yahoo Finance. Appia Announces Closing of PCH Project Acquisition. December 4, 2023.
- ↑ appiareu.com. Elliot Lake Project. Retrieved on 3/23/2024.
- ↑ Newsfilecorp.com. Appia Announces Appointment of Dr Gary Delaney as Consultant and Advisor to The Board of Directors. Retrieved on 12/13/2022
