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Appia files NI 43-101 for their PCH Ionic Clay deposit in Brazil
This is amazingly fast work because they only obtained the property at PDAC 2023!
They have some of the highest grades ever reported in the ionic clay arena.
They have only explored just over 1% of the PCH project, onwards and upwards!
Excellent addition to the Appia Advisory Committee!
APPIA APPOINTS CONSTANTINE KARAYANNOPOULOS AS NEW MEMBER TO ITS CRITICAL MINERALS ADVISORY COMMITTEE
2024-02-02 10:19 ET - News Release
Mr. Tom Drivas reports
APPIA ANNOUNCES PLANS FOR DRILLING AT THE LORANGER URANIUM-BEARING PROPERTY, SASKATCHEWAN, CANADA
Appia Rare Earths plans drilling at Loranger
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.
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.
Appia Discovers An Unprecedented High-Grade Mineralized Zone: Total Weighted Average Grade Of 7,578 Ppm Or 0.76% Total Rare Earth Oxide Across 10 Reverse Circulation Drill Holes At Its PCH Ionic Clay Project, Brazil
TORONTO, ONTARIO, November 28, 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 further delineation of the SW Extension Zone, a significant high-grade Rare Earth Elements (REE) mineralized zone located in the Southwest (SW) 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 Oct. 31st, 2023 Press Release)
Highlights:
High-Grade SW Extension Zone:
10 Reverse Circulation (RC) holes with a total weighted average of 7,578 ppm or 0.76% Total Rare Earth Oxide (TREO), including:
1,744 ppm or 0.17% Magnet Rare Earth Oxide (MREO), and 416 ppm or 0.04% Heavy Rare Earth Oxide (HREO); 7,162 ppm or 0.71% Light Rare Earth Oxide (LREO)
The SW Extension Zone currently spans approximately 0.5 km2 with average hole depths of 19 metres - all open at depth.
Highest-Grade RC and Auger (AH) Intercepts:
PCH-RC-067 from 0 to 11m EOH:
24,309 ppm or 2.43 % TREO, 5,717 ppm or 0.57% MREO, 1,452 ppm or 0.15% HREO, and 22,857 ppm or 2.29% LREO.
PCH-RC-066 from 0 to 13m EOH:
12,858 ppm or 1.29% TREO, 2,789 ppm or 0.28% MREO, 524 ppm or 0.05% HREO, and 12,334 ppm or 1.23% LREO.
PCH-RC-063 from 0 to 24m EOH:
27,188 ppm or 2.72% TREO, 6,293 ppm or 0.63% MREO, 1,369 ppm or 0.14% HREO, and 25,819 ppm or 2.59% LREO.
2 AH holes have a total weighted average of 10,249 ppm or 1.02% TREO, including:
PCH-AH-29 from 0 to 7m EOH:
4,122 ppm or 0.41% TREO, 1,066 ppm or 0.11% MREO, 361 ppm or 0.04% HREO, and 3,762 ppm or 0.38% Light Rare Earth Oxides (LREO).
PCH-AH-30 from 0 to 7m EOH:
16,375 ppm or 1.64% TREO, 2,955 ppm or 0.30% MREO, 457 ppm or 0.05% HREO, and 15,918 ppm or 1.59% Light Rare Earth Oxides (LREO).
“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%, 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, CEO.
Read more & Graphics at:
https://www.appiareu.com
Appia Rare re-evaluates Elliot Lake uranium deposits
APPIA RE-EVALUATES POTENTIAL OF ITS ELLIOT LAKE URANIUM DEPOSITS IN VIEW OF INCREASED URANIUM PRICES, CONFIRMATION OF SIGNIFICANT RARE EARTH MINERALIZATION AND BULK MINING POTENTIAL
-The company still has more than 230 holes to report!! Plus some of the last set of drill holes had so much
mineralization their lab equipment apparently could not assess it properly so they have to recalibrate their equipment!
Quite remarkable to have such great results on their first drill program, and cannot wait to see some more results.
Go Appia!
Appia has literally hundreds of drilling assay results upcoming. The Brazil property has been delivering very promising results already. Alces Lake results should start coming out soon as well- looking forward to the next couple of months!!
Appia Reports Remarkable Drilling Results; Doubles Depth of Mineralized Zones at the PCH Ionic Clay Project, Brazil
TORONTO, October 16th, 2023, - Appia Rare Earths & Uranium Corp. (the “Company” or “Appia”) (CSE: API) (OTCQX: APAAF) (Germany: “A0I0.F”, “A0I0.MU”, “A0I0.BE”) announce results from the first 17 drill holes out of 147 completed to date from the Reverse Circulation (RC) drilling campaign at its PCH Ionic Clay Project in Goiás State, Brazil. The results from the first 17 RC drill holes represent a significant doubling in average depth of mineralized zones to 13 metres with overall weighted average grades of 1,566 parts per million (ppm) Total Rare Earth Oxides (TREO) which is comparable to, or surpasses, other well-known international deposits.
Summary:
Reverse Circulation (RC) drill holes assayed: The first 17 RC drill holes of the Phase 1 drill program are all Rare Earth Element (REE) mineralized. A total of 147 holes have been completed to date with an accumulated total of 2,019 metres drilled.
Average depth doubled: The average depth of RC drilling is over 13 metres from surface representing a significant doubling in average depth of the mineralized zones.
Outstanding Grades: The results exhibit overall grades similar to or surpassing known deposits, with remarkable high-grade mineralization identified, including:
PCH-RC-001 from 0m to 15m End of Hole (EOH):
1,914 ppm TREO and 510 ppm Magnet Rare Earth Oxides (MREO), or 27% of TREO, including 9m @ 2,300 ppm TREO and 632 ppm MREO, or 27% of TREO from 2m to 11m; and
291 ppm Heavy Rare Earth Oxides (HREO), or 15% of TREO, including 9m @ 366 ppm, or 16 % of TREO.
PCH-RC-002 from 0m to 15m (EOH):
2,671 ppm TREO and 605 ppm MREO, or 23% of TREO, including 6m @ 5,389 ppm TREO and 1,189 ppm MREO, or 23% of TREO from 8m to 14m; and
220 ppm HREO, or 8% of TREO, including 6m @ 412 ppm HREO, or 8% of TREO.
PCH-RC-008 from 0m to 18m (EOH):
2,752 ppm TREO and 741 ppm MREO, or 27% of TREO, including 15m @ 3,084 ppm TREO and 839 ppm MREO, or 27% of TREO from 2m to 17m; and 404 ppm HREO, or 15% of TREO, including 15m @ 460 ppm HREO, or 15% of TREO.
PCH-RC-009 from 0m to 15m (EOH):
3,277 ppm TREO and 804 ppm MREO, or 25% of TREO, including 12m @ 3,594 ppm TREO and 886 ppm MREO, or 24% of TREO from 1m to 13m; and
251 ppm HREO, or 8 % of TREO, including 12m @ 275 ppm HREO, or 8% of TREO.
PCH-RC-011 from 0m to 15m (EOH):
3,717 ppm TREO and 913 ppm MREO, or 25% of TREO, including 11m @ 4,182 ppm TREO and 1,035 ppm MREO, or 25% of TREO from 0m to 11m; and
286 ppm HREO, or 8 % of TREO, including 11m @ 327 ppm HREO, or 8% of TREO.
Ucore Selected to Participate in Autotech CTA Fall 2023 Silicon Valley Program
Halifax, Nova Scotia (October 4, 2023) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (“Ucore” or the “Company”), a leading developer of rare earth element processing technology, is pleased to announce that it has been selected by the Global Affairs Canada to attend the Autotech CTA Fall 2023 Program in San Jose, California on October 10-12, 2023. The Program, organized by The Government of Canada’s Trade Commissioner Service in Palo Alto and the Province of Ontario Trade & Investment Office in San Francisco, will provide participating companies with access to potential U.S. customers, strategic partners, and investors, in addition to brokering introductions to sector exports and the auto-tech ecosystem in California.
“We are thrilled to be selected by the Government of Canada to participate in this prestigious industry event.” said Dr. Ahmad Hussein, Advisor and Director for Government Relations of Ucore. “We look forward to discussing the establishment of a North American rare earth supply chain and exploring strategic partnerships as we progress our planned Louisiana separation facility.”
The Autotech CTA Program features some of Canada’s most innovative technology companies in the automotive industry. The event provides a unique opportunity for Canadian companies to connect with key industry participants and includes both presentations and one to one introductory meetings.
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