- Canadian mineral explorer Appia Rare Earths & Uranium is acquiring project sites with rare earth element (“REE”) potential to help sustain American hemisphere independence in the REE supply chain
- The People’s Republic of China currently enjoys a near-monopoly over REE mining and production, leading Western nations to seek greater security for the metallic elements vital to modern computer technologies and the strong magnets used in them
- Appia recently reported updated results from its drilling programs designed to identify the extent of REE mineralization at the company’s project site in central Brazil, expressing excitement over the project’s potential
- The company is also exploring for REEs in Saskatchewan and Ontario, Canada, and recently completed an NI43-101 technical report on the Saskatchewan site
Mineral exploration company Appia Rare Earths & Uranium (CSE: API) (OTCQX: APAAF) recently announced an update on its efforts to identify the extent of rare earth element REE-laden clays at a newly acquired project site in Brazil, expressing excitement over the promising results of exploration thus far.
Earlier this year, Appia announced a definitive agreement to acquire a 70 percent interest in the 17,000-plus hectare PCH Project located in the Goiás State of central Brazil, and began an aggressive auger and reverse circulation (“RC”) drill campaign in July to establish a potential resource estimate.
“With diamond, RC, and auger drilling activities running concurrently, the project has made substantial advancements,” Geology Manager and Brazilian QP Carlos Bastos stated in the Sept. 28 company news release (https://ibn.fm/AsyQE). “We are confident that the forthcoming results from the SGS laboratory will strengthen our belief that we are positioned within a significant rare earth element ionic clay deposit.”
REE sourcing in the Americas has become a goal of strategic importance to industrial and governmental interests alike as REEs have come to play a vital role in modern computer-based technologies, particularly as components in the strong, permanent magnets used in computer hard drives, wind turbine generators, medical MRI scanners, cordless tool motors, and even military applications such as an engine component in F-35 fighter jets.
Currently, The People’s Republic of China completely dominates REE mining and refining sourcing. The European Union imports 98 percent of its REE supply from China and the United States gets 78 percent of its REE supply from China (https://ibn.fm/uBHvf). Amid trade tensions over leverage China’s government has employed with the REE supply chain to support its policies, American and European nations have emphasized the need for REE supply chain independence in recent years.
“China’s dominant position in the world market now in [rare earths] means that it is able to turn on the faucet and turn off the faucet,” U.S. Trade Representative Katherine Tai said during an August interview with MSNBC (https://ibn.fm/67sws). “And until we are able to access and create additional supply chains we remain entirely vulnerable to that leverage.”
Appia has thus far processed and sent 2,255 samples to SGS Geosol laboratory for analysis from its Target IV site within the PCH Project, with the potential to expand into new prospective areas outside the known deposit.
Appia is also exploring for REEs on 38,522 contiguous hectares (95,191 acres) of high-grade mineralization in northern Saskatchewan, Canada, and the company completed an NI43-101 technical report on the property in June (https://ibn.fm/SXapp). The company also has a 100 percent interest in 12,545 hectares (31,000 acres) with REE deposits in Ontario, Canada, and four uranium claim blocks for potential exploration in Northern Saskatchewan.
For more information, visit the company’s website at www.AppiaREU.com.
NOTE TO INVESTORS: The latest news and updates relating to APAAF are available in the company’s newsroom at https://ibn.fm/APAAF
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