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/JM0Yj
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
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