In this InvestorIntel interview, Byron W King talks with Appia Rare Earths & Uranium Corp.’s (CSE: API | OTCQX: APAAF) President Stephen Burega about the completion of due diligence to acquire a rare earths ionic clay project in Brazil. Situated in a mining-friendly jurisdiction, accessible by road, with several mining operations nearby, Stephen says that the project’s mineralogy is similar to that of Serra Verde which has one of the largest ionic clay deposits outside of China.
Highlighting the expertise of their consulting geologist, Don Hains, who wrote the NI 43-101 report for Serra Verde, Stephen discusses how a positive evaluation from Don reinforced their excitement and confidence in the project.
Stephen also provides an update on Appia’s flagship Alces Lake Rare Earths (REE) Property in Northern Saskatchewan where they have a work program scheduled to start in June on the highest-priority areas of a major structural corridor.
Stephen also indicates that the Company has approximately C$7 million in the bank with C$3 million dedicated to the Alces Lake project and C$1 million earmarked for the Brazil project once the due diligence is completed.
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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 Loranger, North Wollaston, Eastside, and Otherside 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% interest in approximately 12,545 hectares (31,000 acres), with rare earth element and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.
To learn more about Appia Rare Earths & Uranium Corp., click here
Disclaimer: Appia Rare Earths & Uranium Corp. is an advertorial member of InvestorIntel Corp.
This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.
This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.
Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.
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