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Mark Chalmers on Energy Fuels planned vertical integration into commercial rare earth products

In a recent InvestorIntel interview, Tracy Weslosky spoke with Mark Chalmers, President and CEO of Energy Fuels Inc. (NYSE American: UUUU | TSX: EFR) about developing a fully-integrated rare earths supply chain in the US with commercial scale rare earths separation capability at Energy Fuels’ White Mesa Mill.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Mark Chalmers said that Energy Fuels is currently seeking to secure additional monazite supply for their White Mesa Mill in Utah and is in advanced discussions with half a dozen monazite suppliers globally. “If we had more monazite right now, we could process it immediately into mixed rare earth carbonate,” he added. With the rare earths market rising sharply, Mark went on to provide an update on Energy Fuels’ collaboration with the French chemical engineering firm, Carester SAS, to support development of a downstream rare earth separation system at its operating White Mesa, Utah, uranium and vanadium processing mill.

To watch the full interview, click here.

About Energy Fuels Inc.

Energy Fuels is a leading U.S.-based uranium mining company, supplying U3Oto major nuclear utilities. Energy Fuels also produces vanadium from certain of its projects, as market conditions warrant, and is ramping up to commercial-scale production of REE carbonate. Its corporate offices are in Lakewood, Colorado, near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR“) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3Oper year, and has the ability to produce vanadium when market conditions warrant, as well as REE carbonate from various uranium-bearing ores. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also on standby and has a licensed capacity of 1.5 million pounds of U3Oper year. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU,” and the Company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.”

To learn more about Energy Fuels Inc., click here.

Disclaimer: Energy Fuels Inc. 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.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at info@investorintel.com.




Byron King, Mark Chalmers and Jack Lifton on Energy Fuels becoming ‘a domestic Gigafactory for critical minerals’ in the USA

In this episode of Critical Minerals Corner, Byron King and InvestorIntel Editor-in-Chief and Member of Advisory Board at Energy Fuels Inc. (NYSE: UUUU | TSX: EFR) Jack Lifton are joined by Mark Chalmers, President and CEO of Energy Fuels Inc. to discuss how Energy Fuels “could be a domestic gigafactory for critical minerals in the United States of America.”

Mark Chalmers started by saying that Energy Fuels is the only company in North America that provides exposure to the critical materials uranium, vanadium, and the rare earths. Providing an update on Energy Fuels’ agreements with Neo Performance Materials Inc.’s (TSX: NEO) and Nanoscale Powders, Mark went on to explain why Energy Fuels is “more advanced than any other company in North America” and provides an alternative to China for producing rare earths from monazites in the U.S., while operating at world-class standards. Jack Lifton added, “Energy Fuels is the only commercial producer of downstream rare earth products today in North America.”

To access the complete episode of this Critical Minerals Corner discussion, click here.




Leading rare earths junior Appia adds a new uranium claim block to their expanding asset portfolio

Two of the best-performing commodities in the past year have been the key rare earth magnet material blend, neodymium, praseodymium (NdPr), and the energy metal, uranium. Today’s company has established itself as a leading rare earths junior in Canada, but recently changed its name and expanded its uranium portfolio. This means investors get exposure to both the key magnet rare earths and also uranium. Even better, it controls 3 projects/properties.

The Company is Appia Rare Earths & Uranium Corp. (CSE: API | OTCQB: APAAF) (Appia) formerly known as Appia Energy, with its Alces Lake rare earths project and its newly acquired uranium mineral claim block (Otherside), as well as other uranium properties located in Northern Saskatchewan, Canada, and its Elliot Lake uranium and rare earths property in Ontario, Canada.

Appia’s very high-grade rare earths project at Alces Lake

For background on Appia’s rare earths projects you can read some past articles here which focus on Appia’s tremendous asset at Alces Lake, Canada which has the 2nd highest average rare earth’s grade in the world, at 16.65 wt% TREO. High-grade zones are up to 49 wt% TREO. The rare earths are hosted in favorable ‘monazite’ ore at or near surface spread over 27sq km of tenements. There is a 23-25% Critical Rare Earth Oxide (CREO) component, including neodymium (Nd), praseodymium (Pr), dysprosium (Dy), and terbium (Tb).

Appia’s 100% owned Alces Lake Project has the world’s second highest average grade of TREO

Source: Company presentation

Appia has access to use the Government funded Saskatchewan Research Council (SRC) processing facility in Saskatoon, Canada. Existing pilot facilities there(1,000 tpa capacity) have already optimized a monazite processing flow sheet for Appia. The SRC production-scale processing facility is expected to be partially operational in early 2023.

Appia plans a smaller surface and near-surface operation to start production with an open-pit scenario which is easier to permit and manage and should have a low CapEx/Opex.

Appia’s latest results include:

  • Drill results at Wilson North (Alces Lake) with average 17.5 wt% TREO over 9.38 metres with up to 37.9 wt% TREO.
  • High grade REE mineralization identified over an estimated 27 square kilometre area. Channel sample of 14.71 wt % TREO from Sweet Chili Heat and 11.94 wt % TREO from Diablo. 10.35 wt % TREO returned from grab sample at Zesty. 7.86 wt % TREO returned from grab sample along the Oldman River trend. New discovery of REEs with 2.27 wt % TREO grab sample from “Train Domain”. Elevated critical electronics metal, Gallium, values have also been returned for all samples enriched in TREO.
  • Promising Results from Initial Metallurgical Tests on a Composite Sample from Alces Lake. Laboratory heavy liquid separation tests recovered 95% of the total rare earth oxide (TREO). Appia President Frederick Kozak stated: “TREO recoveries and the percentage of TREO in concentrate are comparable to other producing global rare earths projects, supporting the potential for Alces Lake as a future monazite rare earths supply.”

Appia is waiting on further drilling core and channel sample assay results from the 2021 program. In terms of major near-term catalysts, Appia states: “Analysis of 2021 drilling and assays may lead to NI 43-101 report early 2022.”

Saskatchewan Uranium Properties

Appia recently announced that they significantly increased their uranium claims by acquiring the Otherside claim block of 27,291 contiguous hectares. Appia states: “The claims were staked on the basis of similar geological and geophysical signatures to the Company’s Loranger property as well as other known high-grade, large-tonnage uranium deposits in the Athabasca Basin including Fission Uranium Corp’s Triple R deposit, NexGen Energy’s Arrow deposits and others.”

Appia now owns 4 uranium properties/claims over a total of 69,344 hectares – Loranger, North Wollaston, Eastside, and Otherside. The properties are well located with proximity to infrastructure such as roads, highway, powerline, an airstrip as well as two uranium mills. The properties are ready to explore, with at or near-surface high-grade uranium, no sandstone cover, and negligible overburden.

Saskatchewan Uranium Properties – Loranger, North Wollaston, Eastside, and Otherside

Source: Company news January 10, 2022

Appia stated on January 10, 2022 that the next steps are: “Appia has commenced the permitting process for a winter drilling program on the Loranger property and anticipates commencement of drilling in approximately one month, depending on weather and permits. The Company is fully funded for this program.”

Elliot Lake (Ontario, Canada)

Appia also has a 100% 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. The Resource details are shown in the table below.

Source: Company presentation

Closing remarks

Appia is becoming a significant rare earths and uranium junior. Appia now owns three very promising projects – Alces Lake (very high grade and critical rare earths), Saskatchewan Uranium Properties (Loranger, North Wollaston, Eastside, and Otherside), and Elliot Lake (rare earths & uranium).

Appia trades on a market cap of C$54 million.




Critical Minerals Corner experts debate one of the most important minerals for sourcing rare earths

In this episode of Critical Minerals Corner, InvestorIntel Editor-in-Chief & Publisher Jack Lifton and Geologist and Newsletter Writer Byron King take on monazite — one of the most important and desirable mineral ores for sourcing rare earths. With guest Frederick Kozak, President of Appia Rare Earths & Uranium Corp. (CSE: API | OTCQB: APAAF), Byron King explains that while it is very rare to find a monazite deposit, “it is extremely rare to find a really really good monazite deposit…”

“One of the hottest rare earth deposits you will ever see anywhere…” starts King, find out why Saskatchewan, Canada is critical to the production of rare earths in North America.

To access the complete episode of Critical Minerals Corner, click here

 




The Post-COP26 World Looks To Australia For Future Non-Chinese Rare Earths Production

To achieve U.N. climate change management goals the world needs to shift rapidly to clean energy, and that means we need to build or secure, reliable sources of rare earths. While the USA and Canada have made some progress in this direction, Australia will also be needed to play a key role.

When looking at a chart of rare earths reserves by country, China shows the largest reserves followed by Vietnam, Brazil, Russia, India, and Australia, in that order. The USA is ranked 8th and Canada is outside of the top ten. Given Australia’s stellar track record as a reliable supplier of raw materials, it should not be surprising to know that the West is looking towards Australia to step up production of rare earths, especially those needed to support the surging cleantech sectors of electric vehicles, wind energy, and solar energy.

ClearWorld.us says it well, stating:

“Renewable energy development relies upon sufficient quantities of rare earth minerals, specifically neodymium, terbium, indium, dysprosium, and praseodymium. These are used in the production of solar panels and wind turbines. If the world is to meet the greenhouse gas emissions targets sought in the Paris Climate Agreement the availability of these minerals must increase by 12 times by 2050.”

(Emphasis by the author.)

Rare earths are key elements in the cleantech revolution

Australian listed rare earths companies:

Producers

Lynas Rare Earths Limited (ASX: LYC) (“Lynas”)

Lynas is the second largest neodymium and praseodymium (“NdPr”) producer in the world. Lynas owns the Mt Weld rare earth mine, which is one of the world’s highest grade rare earths’ mines, and the Mt Weld ORE Concentration Plant, both located in Western Australia. Lynas also owns the Lynas Advanced Materials Plant (LAMP), which is an integrated manufacturing facility, separating and processing rare earths’ materials in Malaysia. The Lynas 2025 growth strategy encompasses plans to build the Kalgoorlie Rare Earths Processing Facility (cracking and leaching) in Australia and an LRE/HRE separation and specialty materials facility in the USA. Lynas trades on a market cap of A$7.3 billion.

Iluka Resources Ltd. (ASX: ILU) (“Iluka”)

Iluka is a relatively new (April 2020) producer of rare earths at their Eneabba Project in Western Australia. Iluka intends to ramp to selling 50,000 tpa of a 20% monazite-zircon ore concentrate for further processing offshore. Iluka has an offtake agreement for 50,000 tpa. Iluka is working on developing a Phase 2 of the Eneabba Project which involves investigating techniques to beneficiate and purify the monazite to an 80% concentrate for sale further down the value chain. Iluka is mostly known for being an Australian heavy mineral sands, zirconium and titanium, producer. Iluka trades on a market cap of A$3.5 billion.

Vital Metals Limited (ASX: VML) (“Vital”)

Vital recently began mining ore at its Nechalacho’ Mine in Canada’s Northwest Territories (NWT), with commencement of ore processing at Vital’s, under construction, Saskatoon cracking and leaching facility expected to begin in 2022. The Nechalacho Mine is a high grade, light rare earth (bastnaesite) project with a world-class resource of 94.7Mt at 1.46% REO (measured, indicated and inferred). Nechalacho’s North T Zone, which is being mined by Vital, hosts a high-grade resource of 101,000 tonnes at 9.01% LREO (2.2% NdPr). Vital has a non-binding MOU with Ucore Rare Metals Inc. for the supply to it of a mixed rare rare earth carbonate, beginning H1 2024. Vital Metals trades on a market cap of A$250 million.

Explorer/Developers (in alphabetical order):

Arafura Resources Limited (ASX: ARU) (“Arafura”)

Arafura 100% own the Nolan’s Bore rare earth project 135kms from Alice Springs in the Northern Territory, Australia. Arafura states: “The Project is underpinned by low-risk Mineral Resources that have the potential to supply a significant proportion of the world’s NdPr demand. It is a globally significant and strategic NdPr project which, once developed, will become a major supplier of these critical minerals to the high-performance NdFeB permanent magnet market.”

The deposit contains a JORC 2012-compliant Mineral Resources of 56 million tonnes at an average grade of 2.6% total rare earth oxides (TREO). 26.4% of the total rare earths contained are  NdPr. The Project is supported by Export Finance Australia (EFA), and the Northern Australia Infrastructure Facility (NAIF), via non-binding letters of support for a proposed senior debt facility of up to A$200 million and A$100 million respectively. Arafura is looking to raise further funds to get the project started. Arafura recently stated: “The momentum with offtake discussion has enabled engagement to expand to include the options for strategic investment as part of the Nolan’s project funding.” Market cap is A$379 million.

Australian Rare Earths Limited (ASX: AR3) (“AREL”)

AREL is progressing in the exploration of a significant deposit of valuable ‘clay-hosted’ rare earth elements, located at their Koppamurra Project spread over ~4,000km²  of tenements in South Australia and Victoria. Past exploration of the Koppamurra region has shown it contains mineralization containing the rare earth elements neodymium, praseodymium, dysprosium and terbium. The Koppamurra Project is an ‘ionic clay’ rare earth opportunity with a 2021 JORC Inferred Mineral Resource of 39.9Mt @ 725ppm TREO. AREL trades on a market cap of A$98 million.

Australian Strategic Materials Ltd. (ASX: ASM) (“ASM”)

ASM owns the Dubbo Rare Earths Project in NSW, Australia. The Dubbo Project is a 100% owned ‘construction ready’ poly-metallic and rare earths project with potential to become a key global supplier of specialty metals and rare earths. ASM’s goal is a “mine to metal” strategy to extract, refine and manufacture high-purity metals and alloys, supplying directly to global technology manufacturers. Market cap is A$1.92 billion.

Northern Minerals Limited (ASX: NTU)

Northern Minerals own the Browns Range heavy rare earth minerals project in Western Australia. Northern Minerals has built a pilot plant to test a number of deposits and prospects that contain high-value dysprosium and other Heavy Rare Earths (HREs) such as yttrium, hosted in xenotime mineralization.

The Company states: “Northern Minerals is positioned to become the world’s first significant producer of dysprosium outside of China. Accounting for 60% of the Browns Range Project’s (the Project) revenue, dysprosium is the key value driver of the Project and is at the core of Northern Minerals’ marketing strategy. With a high value, high purity, dysprosium rich product, the Company is set to become a long term and reliable supplier of dysprosium and other critical heavy rare earths to world markets.” Market cap is A$339 million.

Peak Resources Limited (ASX: PEK)

Peak Resources 75% owns the Ngualla Tanzania rare earth project, which the Company states is one of the world’s, largest and highest grade, undeveloped rare earth projects. The Ngualla Project has ore reserves of 18.5 million tonnes at 4.8% REO; 22% of the total mineral resource is NdPr, with an expected 26 year life of mine. The Project is currently at the funding stage having completed a BFS in 2017. The BFS summary details are here. About 90% of the Project’s revenues will be coming from NdPr. Peak Resources state: “Operating cost of US$ 34.20/kg NdPr* Oxide, demonstrating potential to be the world’s lowest-cost fully integrated rare earth development project.” Market cap is A$135 million.

Closing remarks

With rare earths demand set to grow strongly this decade as the world moves towards cleaner energy and technology, investors would be wise to take a second look at the rare earths sector.

Australian critical minerals projects were recently in the news after the Government announced that they would receive an A$2 billion boost (via a loan facility), to support the sector. This bodes well for the Australian rare earths junior miners to join Lynas as producers. Stay tuned as this sector looks set to shine this decade.




Appia’s Frederick Kozak on the role of rare earths and uranium in achieving a global NetZero emissions target

In a recent InvestorIntel interview, Tracy Weslosky spoke with Frederick Kozak, President of Appia Rare Earths & Uranium Corp. (CSE: API | OTCQB: APAAF) about Appia’s recent change of name and about the critical importance of rare earths and uranium in the clean energy space as the world commits to a NetZero greenhouse gas emission goal.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Frederick Kozak provided an update on Appia’s recent news release about the discovery of new, massive and semi-massive, monazite zones at the Wilson North area of their Alces Lake, Saskatchewan, project. He went on to say that Appia’s Alces Lake project has the potential to be one of the best monazite-hosted rare earths deposits in the world. Frederick also provided an update on Appia’s recent private placement which had to be upsized due to significant demand.

To watch the full interview, click here.

About Appia Rare Earths & Uranium Corp.

Appia is a Canadian publicly-listed company in the uranium and rare earths sectors. The Company is currently focusing on delineating high-grade critical rare earth elements, gallium and uranium on the Alces Lake property, as well as exploring for high-grade uranium in the prolific Athabasca Basin on its Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 83,706 hectares (206,842 acres) in Saskatchewan. Appia also has a 100% interest in 12,545 hectares (31,000 acres), with rare earths 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 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.

If you have any questions surrounding the content of this interview, please email info@investorintel.com.




InvestorIntel’s Top 10 Trending List for November 2021

In this InvestorIntel video, Tracy Weslosky lists InvestorIntel’s Top 10 Trending articles and videos on InvestorIntel.com for the last 30 days. You may find this quite interesting as this Top 10 list provides an indicator of what market trends our audience is finding interesting.

Presently trending #1 on InvestorIntel.com is Frederick Kozak’s take on the top 5 rare earths companies for 2021. Our Australian Editor Matthew Bohlsen’s coverage on the Australian Government’s extension of a $2 Billion loan facility for the critical materials industry is trending #2 followed by an update on Lynas Rare Earths Limited (ASX: LYC) trending #3. Appia Rare Earths & Uranium Corp. (CSE: API | OTCQB: APAAF) is presently trending #4 with their article written by Dean Bristow titled – Biden, the Chinese raw material hunt and the ‘massive’ monazite results of Appia Rare Earths & Uranium. Trending #5 is Tracy Weslosky’s update on Neo Lithium Corp.‘s (TSXV: NLC | OTCQX: NTTHF) acquisition by China’s Zijin Mining Group.

Here is the complete list of InvestorIntel’s Top 10 Trending Articles and Videos on InvestorIntel.com for November 2021.

  1. The Top 5 Rare Earths Companies for 2021 https://bit.ly/3shB8X4
  2. Australian Government extends a $2 Billion loan facility for the critical materials industry https://bit.ly/3AX4gqv
  3. Lynas Rare Earths, making record profits and growing to meet the EV demand https://bit.ly/3m65cSW
  4. Biden, the Chinese raw material hunt and the ‘massive’ monazite results of Appia Rare Earths & Uranium https://bit.ly/3lKR82m
  5. China pays full value for Neo Lithium, the bull market has arrived. https://bit.ly/3Fxco3w
  6. Byron King’s Top 5 “Outstanding” Yukon Gold (and Silver) Mining Names https://bit.ly/2WFj9yL
  7. North American Rare Earth Juniors Consolidate Capabilities to Advance Towards a Total Domestic Supply Chain https://bit.ly/3bai3ia
  8. Cesium, A Critical Metal and an Opportunity for Avalon Advanced Materials https://bit.ly/3ByGhOu
  9. U.S. nuclear power generation at historical heights as investors buy uranium https://bit.ly/2XlRrY0
  10. Canada’s Voyageur Pharmaceuticals Breaking a Chinese Monopoly https://bit.ly/3usOgdb

To watch the full video, click here




Biden, the Chinese raw material hunt and the ‘massive’ monazite results of Appia Rare Earths & Uranium

While the Biden Administration fixates on solving the port problem in the United States, China continues to dominate the Western world’s supplies of, when it comes to the bigger picture, critical metals and materials. Literally, at the same time the US government is trying to focus on the issues right in front of it that may disrupt Christmas (heaven forbid), Chinese companies continue to seek out and lock up more of the raw materials that will drive the future. In just the last few days, Zijin Mining Group Co., Ltd. launched a C$960 million takeover bid for Canadian domiciled Neo Lithium Corp. (TSXV: NLC | OTCQX: NTTHF), while Contemporary Amperex Technology Co. Limited (CATL), the world’s largest battery supplier and ironically already part owner of Neo Lithium, signed a battery supply deal with U.S. commercial EV maker, Electric Last Mile Solutions Inc. (NASDAQ: ELMS). Three weeks ago CATL made a C$377 million takeover bid for Canada’s Millennial Lithium Corp. (TSXV: ML). Zijin is no stranger to taking out Canadian mining companies having previously acquired Nevsun Resources (C$1.86 billion), Guyana Goldfields (C$323 million), and Continental Gold (C$1.4 billion), and those were just some of its Canadian targets.

From an investor’s perspective, I guess this takeover activity can be viewed as a good thing given that these Chinese entities are paying full value for their acquisitions. So you get your liquidity event and hopefully have made money to go off and find the next possible target. But it is disappointing to see the West talk the talk about our greener future but not walk the walk as our leaders appear to be completely oblivious as to how we’ll get there if we let China control all the raw materials. I will save that rant for another day. In the meantime let’s have a look at a company that could tick the boxes for a potential acquisition by the Chinese.

Of late it seems the flavour of the day is lithium but that isn’t the only critical material out there. The Chinese have long since cornered the market for rare earths but if no one is willing to stop them, or even slow them down, then why wouldn’t they continue to acquire everything the world will let them. One Canadian junior mining company that could fit the bill is Appia Rare Earths & Uranium Corp. (CSE: API | OTCQB: APAAF), or perhaps you know it by its former name Appia Energy Corp. but that was so yesterday (today is literally the first day trading under its new name). Appia is a Canadian publicly-listed company in the uranium and rare earth element sectors and is currently in its largest exploration and diamond drilling program in the Company’s history, focusing on delineating high grade critical rare earth elements, gallium, and uranium on its 100% owned Alces Lake property, as well as exploring for high-grade uranium, in the prolific Athabasca Basin, on its Loranger, North Wollaston, and Eastside properties. Appia has found some of the highest grade samples of neodymium rich monazite on its properties in Saskatchewan.

The Alces Lake discovery of an accessible extensive hard rock deposit of monazite is very important to the world’s demand for magnet rare earths. This is because Appia’s monazite is neodymium rich, which is the most desirable for the production of rare earth permanent magnets. Not only is it rich in neodymium (Nd) and praseodymium (Pr), but also contains 1% of xenotime, the best heavy rare earth bearing hard rock mineral. The good news is that yesterday the Company announced it has discovered new and previously unknown occurrences of massive and semi-massive monazite in the Wilson North area of Alces Lake. A total of 27 drill holes (2,460 m) have been completed at the Wilson-Richard-Charles-Bell zones (WRCB), with at least 27 holes (2,360 m) remaining. In total the Company has completed 61 drill holes (4,575 m) including drilling at Biotite Lake (13 holes – 685 m), Danny (7 holes – 430 m) and Sweet Chili Heat (14 holes – 995 m) with monazite occurrences identified in each area. One drill continues to test the continuity and depth extent of the WRCB zones, while the other moves across the property, exploring new drill targets, named Diablo and Oldman River.

Source

With assays pending for all 61 holes drilled to date in the 2021 program, it’s certainly exciting times for Appia. The Wilson North 21-WRC-015 drill hole showed monazite mineralization over 8.85 m from 15.74 m – 24.59 m. As noted above, three other locations also saw monazite occurrences. If the grades in this season’s drill holes match the world class grades previously announced things could get very interesting very quickly. The Company is well funded to complete this season’s drilling with plans to prepare an NI 43-101 report following the conclusion of the current exploration program later this year. With 107.6 million shares outstanding, the current market cap for Appia stands at roughly $82 million. That’s chump change given what some of these Chinese companies are throwing around for quality assets.

Keep in mind that for the last few years China has been buying monazite concentrates,  thrown off as residues from heavy mineral sands’ mining, from all over the world including, until recently, from the USA!  China bought 30,000 tonnes last year from Rio Tinto in Southern Africa; and up to another 20,000 tons from Indonesia, Brazil. It is logical to assume that China would have a great interest in a higher grade neodymium rich monazite deposit than Lynas’ Mt Weld especially since the Appia material has 1 percent xenotime, which is a higher grade of heavy rare earth rich, xenotime, than Lynas’ deposits at Mt Weld.

Appia may be on the cusp of an exciting future.




Canada’s entry point to a domestic North American rare earths products production center

Why is Appia Energy Corp.‘s (CSE: API | OTCQB: APAAF) Alces Lake discovery of an accessible extensive hard rock deposit of the rare earth bearing mineral, monazite, so very important to the non-Chinese world’s demand for magnet rare earths? It is because Appia’s monazite is, in fact, the neodymium rich variant, which is the most desirable for the production of rare earth permanent magnets. it is not only rich in neodymium (Nd) and praseodymium (Pr), but also contains 1% of xenotime, the best heavy rare earth bearing hard rock mineral.  

Monazites are typically up to 50% higher in contained Nd and Pr than bastnaesite, the ore mined at Mountain Pass by MP Materials Corp. (NYSE: MP) and the residual mineral from China’s Baotou region iron mining, which up until recently was the world’s most-produced source mineral for light rare earths. Lynas Rare Earths Limited (ASX: LYC) is currently the world’s largest producer of rare earths derived from monazite deposits at Mt. Weld in a remote area of northern Australia.  

Monazites are produced today as a byproduct of the processing of heavy mineral sands to recover zircon and ilmenite, respectively the ores of zirconium and titanium. Until recently processing monazite for rare earths was inhibited by the fact that monazites always contain radioactive thorium and sometimes uranium. The monazites were thus returned to the tailings from these operations and in the USA the environmental regulations required that they be returned to the worked-out deposits and distributed so that the residual background radiation was equal to or less than it was before the deposit was worked. 

In the last five years as Chinese bastnaesite deposit grades have declined and mining created pollution has become a big problem in China the Chinese rare earth industry has begun to import very large quantities of monazites from the USA, Madagascar, South Africa, Brazil, and Australia. All of this material was produced as a byproduct of heavy mineral sands processing for zircon and ilmenite. 

In order to solve the thorium/uranium problem, China requires that all imports of monazite go first to China Nuclear Corporation, which removes the thorium and uranium, and then ships a clean mixed rare earth carbonate to the Chinese refiner that ordered the material. China nuclear is licensed to process up to 50,000 tons of monazite containing up to 30,000 tons of total rare earths a year.    

In the USA the only licensed uranium mill, Energy Fuels Inc.‘s (NYSE American: UUUU | TSX: EFR) White Mesa Utah facility, has replaced China as the destination for monazite produced from its heavy mineral sands operations in Georgia by US Chemical Group, Chemours. Energy Fuels removes the uranium, which is a payable for Energy Fuels, and is storing, legally, the thorium, which has been committed to a medical radioisotope group. The first clean mixed rare earth carbonate produced by Energy Fuels from the Chemours’ monazite has already been sold to and shipped to Neo Performance Materials Inc.‘s (TSX: NEO) European solvent extraction rare earth separation facility. 

Appia is working with Canada’s and the world’s most attractive (Report’s the Fraser Institute) mining investment jurisdiction, the Province of Saskatchewan. The Province’s Saskatchewan (Mining and Refining) Research Center, the SRC, has agreed to develop a hydrometallurgy for Appia’s monazite and the SRC has already designed and begun the construction of a 3000 ton per annum rare earth solvent extraction separation facility, where the separation and purification of Appia’s monazite will be proven and piloted in what will be Canada’s anchor for a total rare earth permanent magnet supply chain. Saskatchewan is the home of Canada’s uranium mining industry and so the sale of any recovered uranium and the storage (or use) of any recovered thorium is not a problem. 

North America is well on its way to becoming a world center of monazite processing, and Appia is Canada’s entry point to a domestic North American rare earth products production center. 




Appia Energy’s Tom Drivas on “one of the highest grade rare earth projects in the world”

In a recent InvestorIntel interview, Tracy Weslosky speaks with Tom Drivas, CEO and Director of Appia Energy Corp. (CSE: API | OTCQB: APAAF) about Appia’s recent news release on the largest exploration and drilling program for rare earths and gallium at their Alces Lake Project.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Tom went on to say that all the rare earths in the Alces Lake Project are exclusively hosted in Monazite with rare earth grades up to 50% along with high-grade gallium making it “one of the highest grade rare earth projects in the world”. Providing an update on their uranium projects, Tom said that Appia has three major critical materials namely, rare earths, uranium and gallium.

To watch the full interview, click here

About Appia Energy Corp.

Appia is a Canadian publicly-listed company in the uranium and rare earth element sectors. The Company is currently focusing on delineating high-grade critical rare earth elements, gallium and uranium on the Alces Lake property, as well as exploring for high-grade uranium in the prolific Athabasca Basin on its Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 65,601 hectares (162,104 acres) in Saskatchewan. The Company also has a 100% 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.

To learn more about Appia Energy Corp., click here

Disclaimer: Appia Energy 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 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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