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Appia Extends And Confirms High-Grade Rare Earth Element Mineralization At Surface Up To 49.64 Weight % Total Reo In 5 Locations On Alces Lake Property, Northern Saskatchewan
Oct. 31, 2017 08:53AM PST
Rare Earth Investing
Appia Energy (the “Company” or “Appia”) (CSE:API, OTC:APAAF.US, Frankfurt:A0I.F, Munich:A0I.MU, Berlin:A0I.BE) is pleased to announce exceptional geochemical assay results from the ground prospecting and radiometric surveying program (the “Program”) on the high-grade rare earth element (“REE”) plus uranium Alces Lake property (the “Property”), located 29 km north of the Athabasca Basin, northern Saskatchewan. The mineralization …
Appia Energy (the “Company” or “Appia”) (CSE:API, OTC:APAAF.US, Frankfurt:A0I.F, Munich:A0I.MU, Berlin:A0I.BE) is pleased to announce exceptional geochemical assay results from the ground prospecting and radiometric surveying program (the “Program”) on the high-grade rare earth element (“REE”) plus uranium Alces Lake property (the “Property”), located 29 km north of the Athabasca Basin, northern Saskatchewan.
The mineralization in the above zones have uniformly high concentrations of critical REEs, such as Neodymium (“Nd”) and Praseodymium (“Pr”), both of which account for about 20% and 5% of the Total REEs, respectively.
Critical REEs are defined as those with scarce supply, in high demand, and criticality in much high-tech applications such as electric vehicles, cell phones, wind turbines and magnets. As of September 8th, 2017, both Nd and Pr prices were up 81% and 89% since the beginning of 2017 to $78.00/kg and $93.50/kg, respectively.