Appia’s Uranium, Rare Earths Assets Make for Compelling Investment Option, President Says

Appia Rare Earths and Uranium (CSE:API,OTCQX:APAAF) President Stephen Burega said his company is a compelling investment opportunity given the progress made with its PCH rare earths project in Brazil and uranium assets in Saskatchewan.

Appia recently announced a maiden resource estimate for PCH, reporting indicated resources of 6.6 million metric tons (MT) grading 2,513 parts per million total rare earth oxides, and inferred resources of 46.2 million MT at 2,888 parts per million.

“The next step (for the PCH project) would be to further the overall size of the existing zones that we've identified, the Buriti zone and the Target IV. There's expansion potential all around the area. Then we'll be targeting additional areas outside of that core and drill-testing new targets across the entirety of the property. So it's going to be a busy 2024 and 2025,” Burega said.

He added that the company is moving forward at its uranium assets with a diamond drill program planned for the uranium-bearing Loranger property in Northern Saskatchewan. In January, the company announced initial geochemical assay results derived from a 2023 drilling program conducted on the Magnet Ridge zone at its Alces Lake project in Northern Saskatchewan.

“I think the compelling argument is that not only do we have hard-rock monazite potential in Northern Saskatchewan with extraordinarily high-grade material … We are also very lucky to have an ionic adsorption clay asset that is a relatively simple process to extract — we're looking at the top 25 meters, essentially,” Burega said.

Watch the full interview with Appia Rare Earths and Uranium President Stephen Burega above.