Appia Rare Earths & Uranium (CSE: API) (OTCQX: APAAF) (FSE: A0I0), a publicly traded Canadian company in the rare earth element (“REE”) and uranium sectors, has earned its initial 10% legal and beneficial ownership interest in Appia Brasil Rare Earths Mineracao Ltda. Brazilian-based Appia Brasil is the company that holds the PCH Project, which is located in the Tocantins Structural Province of the Brasília Fold Belt in Brazil’s Goiás State. According to the Quotaholders Agreement, which governs the ongoing exploration and development of the property, in order to achieve this initial ownership interest, Appia needed to expend more than $1 million. Appia is moving forward to meet requirements outlined in the agreement to continue to earn interest in the project. “We have accomplished an amazing amount of work over the past year with a modest budget of $1 million,” said Appia Rare Earths & Uranium president Stephen Burega in the press release. “We achieved many milestones including a maiden Mineral Resource Estimate (‘MRE’) on our first two targets, Target IV and Buriti Zone; we completed initial desorption testing confirming the ionic clay characterization of the mineralization; and we identified an additional four new highly prospective target zones covering an area of over 2,400 hectares while reconfirming that the regolith developed over the Ipora Granite presents significant enrichment of heavy rare earth oxides (‘HREO’), indicative of ionic adsorption clay (‘IAC’) rare earth elements deposits. The impressive HREO results identified across multiple zones of homogeneous mineralization highlights the true potential of the PCH project.”
To view the full press release, visit https://ibn.fm/ZlzYK
About Appia Rare Earths & Uranium Corp.
Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The company holds the right to acquire up to a 70% interest in the PCH Ionic Adsorption Clay Project, which is 40,963.18 hectares in size and located within the Goiás State of Brazil. The company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property and is 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 94,982.39 hectares in Saskatchewan and also has a 100% interest in 13,008 hectares with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario. For more information about the company, please visit 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
About MiningNewsWire
MiningNewsWire (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.
MNW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from MiningNewsWire, text “BigHole” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.MiningNewsWire.com
Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer
MiningNewsWire
Los Angeles, CA
www.MiningNewsWire.com
310.299.1717 Office
[email protected]
MiningNewsWire is powered by IBN