Welcome to the latest issue of the Technology Metals Report (TMR), brought to you by the Critical Minerals Institute (CMI). In this edition, we compile the most impactful stories shared by our CMI Directors over the past week, focusing on the significant shifts and investments in the critical minerals and technology metals industry. A notable development is the evolving dynamics of resource nationalism, particularly in Chile and Indonesia, where control over vital minerals like lithium and nickel is increasingly dominated by local governments. This shift challenges traditional Western dominance and marks a move towards a multipolar resource governance era. Adding to the market dynamics, Australia’s wealthiest, Gina Rinehart, has made aggressive moves into the critical minerals sector with her $120 million investment in Ecuador’s Linderos copper-gold project and significant stakes in rare earth companies, positioning her as a pivotal figure in global supply chains.

This week’s TMR Report also highlights several significant developments aimed at enhancing the supply chain and infrastructure of critical minerals. The U.S. Department of Energy has released a pioneering roadmap to integrate clean energy projects more rapidly into the nation’s electric grid, targeting a substantial reduction in project backlogs. In financial boosts, critical mineral projects in Queensland and South Australia have been pledged $585 million in government loans, emphasizing the growing commitment to fostering local industries and reducing dependency on international suppliers. Additionally, the closure of the Cobre Panamá copper mine has sparked a surge in copper prices, underlining the critical role of stable mineral supplies in maintaining economic stability and supporting green energy transitions. Each story is presented in chronological order to provide a comprehensive view of the week’s events, rather than by order of importance, ensuring readers receive a well-rounded perspective on the sector’s latest developments.

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The Shifting Dynamics of Resource Nationalism as the Demand for Critical Minerals is Set to Soar: (April 18, 2024, Source) — As global demand for critical minerals like nickel, lithium, and rare earths surges, the dynamics of resource nationalism are evolving. Historically dominated by Western powers, control is shifting towards resource-rich countries asserting sovereignty over their natural assets. China’s longstanding monopoly on rare earths exemplifies this trend, leveraging resources for economic and strategic autonomy—a strategy now mirrored by Chile and Indonesia in their respective lithium and nickel sectors. Chile’s government, for instance, has moved to nationalize lithium extraction by partnering with SQM to form a national critical minerals company. Meanwhile, Indonesia mandates local processing for nickel, fostering a sustainable, self-sufficient industrial base. These strategic shifts are restructuring global supply chains, challenging traditional Western dominance and heralding a multipolar resource governance era. This realignment has profound implications for geopolitical dynamics and global power structures in resource management.

Billionaire Gina Rinehart Stakes Another Critical Minerals Claim: (April 18, 2024, Source) — Gina Rinehart, Australia’s richest person and head of Hancock Prospecting Pty Ltd., is diversifying her portfolio by targeting critical minerals, moving away from her traditional focus on iron ore. Her recent ventures include significant investments in South America and the rare earths market. Notably, she invested $120 million in Ecuador’s Linderos copper-gold project through a deal with Titan Minerals Ltd. (ASX: TTM), aiming for up to an 80% ownership. Additionally, she acquired a 49% stake in an Ecuadorian state-owned mining company. Rinehart also increased her influence in the rare earths sector by purchasing stakes in Lynas Rare Earths Ltd. (ASX: LYC) and MP Materials Corp. (NYSE: MP). Furthermore, she supported Arafura Rare Earths Limited (ASX: ARU) in Australia, which received a substantial government backing of A$840 million in grants and loans last month. Rinehart’s strategic investments mark her shift to a key player in the global market, enhancing supply chain security for technology and renewable energy resources.

DOE Releases First-Ever Roadmap to Accelerate Connecting More Clean Energy Projects to the Nation’s Electric Grid: (April 17, 2024, Source) — The U.S. Department of Energy (DOE) has unveiled a roadmap aimed at speeding up the integration of clean energy sources like solar, wind, and batteries into the national transmission grid, addressing the existing backlog of nearly 12,000 projects. This comprehensive guide, developed by DOE’s Interconnection Innovation e-Xchange (i2X), targets a variety of stakeholders, including transmission providers, state agencies, and equipment manufacturers. It proposes 35 solutions across four main areas: improving data access, enhancing the interconnection process, promoting economic efficiency, and ensuring grid reliability. The roadmap also sets forth ambitious goals for 2030 to facilitate the Biden-Harris Administration’s objective of achieving 100% clean electricity by 2035. These efforts are supported by DOE’s Grid Deployment Office and various funding opportunities aimed at fostering grid resilience and interconnection efficiency.

Critical minerals projects in central Queensland and South Australia to receive $585 million in government loans: (April 16, 2024, Source) —  Critical minerals projects in Queensland and South Australia are set to receive $585 million in federal government loans, marking a significant push by the Albanese government towards a “future made in Australia.” A major portion, $400 million, will fund Australia’s first high-purity alumina processing facility in Gladstone, central Queensland. This investment comes via the $4 billion Critical Minerals Facility, Northern Australia Infrastructure Facility, and Export Finance Australia. An additional $185 million is earmarked to accelerate Renascor Resources Limited’s (ASX: RNU) Siviour Graphite Project in South Australia. These projects aim to bolster the production of minerals essential for lithium-ion batteries and renewable technologies. This initiative aligns with national strategies to enhance renewable technology capabilities and drive economic growth through local job creation and sustainable industrial development.

A $10 billion Panamanian copper mine has been sitting idle since November – and it’s part of why the metal’s price is surging: (April 16, 2024, Source) — The Cobre Panamá mine, a major $10 billion copper-producing site, has been inactive since November, significantly contributing to the global copper shortage. This closure has led to an 11% increase in copper prices this year, reaching a peak not seen in over a year. Operated by Canada-based First Quantum Minerals Ltd. (TSX: FM), the mine previously supplied 1.5% of the world’s copper, enough to build five million electric vehicles annually. The shutdown resulted from a tax dispute with the Panamanian government, which sought more favorable terms. This has exacerbated a copper supply crisis, with the Bank of America declaring that the lack of new mining projects is now severely impacting refined copper production. This shortage coincides with increased demand for copper in green energy projects, further driving up prices.

SRC Expects to Produce 400 Tonnes of Rare Earth Metals Per Year Beginning in 2025: (April 15, 2024, Source) — The Saskatchewan Research Council (SRC) has entered into a five-year agreement with Vietnam’s Hung Thinh Group to import up to 3,000 tonnes of rare earth carbonate annually starting in June 2025. This will enable SRC’s Rare Earth Processing Facility in Saskatchewan to produce about 400 tonnes of rare earth metals per year. These metals are crucial for manufacturing modern technologies such as cellphones, electric vehicles, and green technologies. The deal, which stems from Saskatchewan’s diplomatic efforts in Vietnam, positions SRC as a pioneer in North America with a fully integrated commercial rare earth processing facility. The Saskatchewan Government’s $71 million investment in the facility aims to boost the local and national resource sectors by enhancing mid-stream supply chain capabilities. SRC, a major Canadian research entity, expects this initiative to catalyze industry investment and growth.

U.S. Department of State Minerals Security Partnership (MSP) Aims to Support Biden Policies on Critical Minerals: (April 15, 2024, Source) — The U.S. Department of State’s Minerals Security Partnership (MSP) was established to advance President Biden’s policies on critical minerals and enhance supply chain security. Led by Under Secretary Jose Fernandez, the MSP collaborates with various countries and the European Union to foster sustainable mineral supply chains, prioritizing environmental, social, and governance (ESG) standards. The partnership focuses on diversifying supply chains, boosting investments, promoting high ESG standards in mining, and increasing recycling. Companies involved must meet stringent ESG criteria, including responsible environmental practices and ethical community engagement. Despite challenges such as varying international ESG standards, the MSP remains dedicated to “greening” economic activities and addressing climate change through global cooperation.

Tesla supplier Piedmont Lithium gets key North Carolina mining permit: (April 15, 2024, Source) — Piedmont Lithium (Nasdaq: PLL | ASX: PLL), a supplier to Tesla, has secured a crucial mining permit from North Carolina regulators to develop a significant U.S. lithium source near Charlotte. Despite the permit’s conditional approval, requiring a $1 million reclamation bond, the company faces ongoing financial challenges and local regulatory hurdles. The project, which could be a major U.S. lithium producer, is opposed by local residents due to environmental concerns. Additionally, Piedmont must obtain local zoning approval and substantial funding, estimated over $1 billion, potentially through U.S. Department of Energy loans. The state has imposed stringent conditions, including regular environmental monitoring and a modified waste storage protocol. The project’s progress hinges on overcoming local opposition and securing necessary permits and funding.

Glencore-backed nickel miner fails to secure financing after rising costs: (April 15, 2024, Source) — Horizonte Minerals PLC (TSX: HZM | AIM: HZM), backed by Glencore PLC (LSE: GLEN), is facing financial difficulties with its Araguaia nickel mine project in Brazil due to a significant increase in estimated costs, now exceeding $1 billion, and concerns about market oversupply from Indonesia. As a result, the company is considering options such as selling the mine, liquidation, or securing subsidiary-level financing, though none are expected to benefit shareholders significantly. Following the news, the company’s shares plummeted by 84%. This setback reflects broader challenges for nickel projects outside Indonesia, given the country’s dominant market position. Horizonte’s struggles highlight investor reluctance to finance high-capital, early-stage projects amid unfavorable market conditions dominated by Indonesian supply, affecting not only Horizonte but also other nickel producers worldwide.

United States and United Kingdom Take Action to Reduce Russian Revenue from Metals: (April 12, 2024, Source) — The United States and the United Kingdom have jointly announced new prohibitions aimed at reducing Russia’s income from metal exports, specifically aluminum, copper, and nickel. The U.S. Department of the Treasury, in coordination with the UK, issued measures to prohibit the importation of these metals into the U.S. and restrict their use on global metal exchanges and in derivatives trading. These actions are intended to follow through on commitments made in the G7 Leaders’ Statement to cut off revenue streams that support Russia’s ongoing military activities in Ukraine. Treasury Secretary Janet L. Yellen emphasized that the measures are targeted to undermine Russian revenue while minimizing negative impacts on allies. UK Chancellor Jeremy Hunt highlighted the collaborative nature of these efforts, stressing their importance in impeding Russia’s war capabilities. As a result, major metal exchanges like the London Metal Exchange and Chicago Mercantile Exchange will no longer accept newly produced Russian metals from April 13, 2024.

Investor.News Critical Minerals Media Coverage:

• April 18, 2024 – The Shifting Dynamics of Resource Nationalism as the Demand for Critical Minerals is Set to Soar https://bit.ly/3W63V28
• April 18, 2024 – Billionaire Gina Rinehart Stakes Another Critical Minerals Claim https://bit.ly/3U2G0xU
• April 17, 2024 – InvestorNews.com Offers Real Time Access through the Revolutionary IR Mobile App, Now Offered Through Stock Marketing Inc. https://bit.ly/3TYrwPz
• April 16, 2024 – Tuan Tran Joins the Critical Minerals Institute (CMI) as the Newest Board Member https://bit.ly/49DlucM
• April 15, 2024 – U.S. Department of State Minerals Security Partnership (MSP) Aims to Support Biden Policies on Critical Minerals https://bit.ly/3Ji332z

Investor.News Critical Minerals Videos:

• April 19, 2024 – Terry Lynch on Power Nickel’s ‘New Crown Jewel Discovered on its NISK Project’ https://bit.ly/3JrQT7k
• April 17, 2024 – Critical Metals’ Russell Fryer on the Rising Tide for Copper and Cobalt in Africa https://bit.ly/4aFoWFa

Critical Minerals IN8.Pro Member News Releases:

• April 17, 2024 – Gary Stanley, Former Director of the Office of Critical Minerals and Metals at the U.S. Department of Commerce, Joins the First Phosphate Advisory Board https://bit.ly/3UkxbAL
• April 17, 2024 – Successful completion of Institutional Placement to raise A$15M; Entitlement Offer to be undertaken https://bit.ly/3W2SKHl
• April 16, 2024 – Appia Files NI 43-101 Technical Report on Maiden Indicated and Inferred Mineral Resource Estimate for the PCH Ionic Adsorption Clay Project in Goias, Brazil https://bit.ly/3xAahwd
• April 16, 2024 – NEO Battery Materials Appoints Renowned Battery Industry Pioneer Mr. Ricky Lee as Lead Managerial Advisor https://bit.ly/3UikF4C
• April 16, 2024 – Fathom Intersects Rottenstone-Like Nickel Tenor in Drillhole AL24077 at the Albert Lake Project https://bit.ly/3JlIfY8
• April 16, 2024 – Appia Engages Generation IACP to Provide Market Making Services https://bit.ly/43XNEhv
• April 16, 2024 – F3 Intersects Radioactivity Across Multiple Zones https://bit.ly/442U0fv
• April 15, 2024 – Power Nickel Releases Initial Assay on New Crown Jewel Discovered on its NISK Project https://bit.ly/4bdvD1h

In an update on the disruptive industry news that broke this morning, Jack Lifton, Co-chair of the Critical Minerals Institute (CMI), offered a detailed analysis of Aclara Resources Inc.‘s (TSX: ARA) strategic move into the U.S. rare earths processing market. Aclara, backed by the Hochschild Mining Group, has set its sights on exploiting ionic clay deposits from Chile and Brazil to secure heavy rare earth elements (HREEs) like Dysprosium and Terbium, pivotal for high-performance magnet manufacturing. This venture is marked by partnerships with the Saskatchewan Research Council and Hatch Ltd. for the development and engineering of a processing facility. However, Lifton expressed reservations about the ambitious timeline, stating, “The actual announcement says they’ve engaged with the Saskatchewan Research Council to develop a separation technology operation and with Hatch, of Toronto, to actually engineer whatever the plan that comes out of the Saskatchewan Research Council is into hardware, into an actual separation plant.”

Lifton’s insights illuminate the intricate challenges Aclara faces in pioneering rare earth separation technologies in North America, a domain where success has been limited. He juxtaposes Aclara’s emerging efforts against established industry players like Energy Fuels Inc. (NYSE American: UUUU | TSX: EFR), which has already made significant progress in light rare earth (LREE) separation and is now venturing into HREEs and alloys. This nuanced perspective raises doubts about Aclara’s capability to swiftly navigate the complex technological and operational hurdles inherent in rare earth processing.

The interview further delves into the competitive dynamics of the rare earth market, highlighting Aclara’s entry into a space occupied by Energy Fuels, and buildouts already in play from MP Materials (NYSE: MP) and Ucore Rare Metals Inc. (TSXV: UCU | OTCQX: UURAF). Each company has its unique approach and strategic plans, indicating a fiercely competitive environment. Lifton’s critique underscores a broader theme of Aclara’s need for deeper industry integration and strategic partnerships, and suggested that this was perhaps a missed opportunity in which they should have engaged with Ucore.

Lifton’s comprehensive analysis provides a crucial viewpoint on Aclara’s bold yet fraught journey into the rare earths processing industry. While Aclara’s plans signify a positive stride towards diversifying the global rare earths supply chain and enhancing geopolitical supply chain independence, Lifton underscores the formidable challenges ahead. This initiative marks a significant moment in the rare earth industry, setting the stage for Aclara’s ambitious endeavor to navigate the technological, logistical, and competitive hurdles that lie in its path.

Welcome to the latest issue of the Technology Metals Report (TMR), brought to you by the Critical Minerals Institute (CMI). In this edition, we compile the most impactful stories shared by our CMI Directors over the past week, reflecting the dynamic and evolving nature of the critical minerals and technology metals industry. Among the key stories featured in this report are the Biden administration’s massive $2.26 billion loan to Lithium Americas Corp. for the Thacker Pass mine in Nevada, aiming to boost domestic lithium production for electric vehicles; the Australian government’s significant A$840 million investment in Arafura Rare Earths Limited to secure a sovereign supply of rare earth elements; and the Canadian federal government’s investment in Saskatoon’s Saskatchewan Research Council to enhance its Rare Earth Processing Facility. These developments underscore a global effort to secure critical mineral supplies, reduce dependence on foreign sources, and advance the transition towards cleaner energy and technology.

This week’s TMR Report also highlights several other important developments in the critical minerals sector. Notable stories include the criticism from the Canadian Automobile Dealers Association regarding Quebec’s decision to phase out electric vehicle purchase incentives, adjustments in electric vehicle strategies by major automakers amid shifting market dynamics, and the UK’s trade pact with Texas aimed at boosting the green industry. Additionally, the report covers POSCO International’s significant deals to supply rare earth permanent magnets to North American and European automakers, signs of recovery in the global lithium market after a massive downturn, geopolitical competition for the Democratic Republic of the Congo’s mineral wealth, Greece’s emergence as a significant source of critical minerals, the U.S. Department of Defense’s initiative to establish a “mine-to-magnet” supply chain, challenges and opportunities in Canada’s mining industry, and the call by global miners for the London Metal Exchange to introduce a green premium for nickel. These stories provide a comprehensive overview of the current state and future prospects of the critical minerals and technology metals industry, reflecting its importance to technological advancement, national security, and the global transition to green energy. To become a CMI member, click here (https://criticalmineralsinstitute.com/join)

Biden Jump-Starts Electric-Vehicle Push With Massive Lithium Loan (March 14, 2024, Source) — The Biden administration is energizing the U.S. electric vehicle (EV) sector with a $2.26 billion loan to Lithium Americas Corp. (TSX: LAC | NYSE: LAC) for its Thacker Pass mine in Nevada, aiming to fortify domestic lithium production for EV batteries. This investment, part of a broader initiative to secure half of new vehicle sales as EVs by 2030, will fund a refining plant critical for producing battery-grade lithium. Despite a recent slowdown in EV sales and a plunge in lithium prices, the project seeks to reduce U.S. dependence on foreign battery minerals, notably from China. Expected to start in 2027, the Thacker Pass mine will significantly contribute to the domestic EV industry, promising to supply lithium for up to 800,000 EVs annually. This move aligns with efforts to transition towards cleaner energy and reduce reliance on international sources.

The Australian Government Steps into the Critical Minerals Supply Chain Ring (March 14, 2024, Source) — The Australian government’s backing of Arafura Rare Earths Limited (ASX: ARU) with A$840 million underscores a strategic push to lessen reliance on Chinese critical mineral sources, aiming to secure a sovereign supply of rare earth elements vital for electric vehicles and renewable technologies. This investment signals Australia’s intent to lead in the global rare earth market, enhancing private sector confidence as evidenced by rising values in related investments, including those by Gina Rinehart’s Hancock Prospecting. The move highlights Australia’s ambition to not only overcome immediate financial challenges in the mining sector but also to establish itself as a crucial player in renewable energy technology, fostering global supply chain resilience and advancing the green energy transition.

Ottawa invests $6M in Saskatoon rare earth processing facility (March 14, 2024, Source) — The Canadian federal government is investing $6 million in Saskatoon’s Saskatchewan Research Council to boost its Rare Earth Processing Facility, marking a significant step in processing critical minerals for high-tech uses like electric vehicle batteries and wind turbines. This funding will commercialize a process for extracting rare earth oxides from waste and develop an automated smelting process for commercial-quality metals, aiming to enhance sustainable and efficient production. The investment reflects a collaboration between federal and provincial governments, highlighting the national importance of establishing a domestic rare earth supply chain. It promises economic growth and job creation, positioning Saskatoon as a key player in meeting global demand for critical minerals and supporting the transition towards a greener economy.

A Step Backwards for Quebec’s Automotive Electric Transition (March 13, 2024, Source) — The Canadian Automobile Dealers Association (CADA) criticizes the Quebec government’s 2024 Budget decision to phase out electric vehicle (EV) purchase incentives amid an affordability crisis. This move is seen as detrimental to Quebec’s leading position in EV adoption, fueled by an effective incentive program. CADA refutes the government’s claim of a narrowing price gap between EVs and traditional vehicles, highlighting that price parity is not expected until 2033. The association warns that removing incentives could slow EV adoption, contrasting with the successful examples of Quebec and British Columbia, which offer substantial financial incentives. CADA urges the government to reconsider, emphasizing the importance of incentives in achieving environmental goals and maintaining affordability for Quebecers.

EV euphoria is dead. Automakers are scaling back or delaying their electric vehicle plans (March 13, 2024, Source) — Automakers are adjusting their electric vehicle (EV) strategies amid fading EV euphoria, scaling back or delaying plans despite initial optimism. Industry giants like Ford, General Motors, Mercedes-Benz, Volkswagen, Jaguar Land Rover, and Aston Martin are shifting towards a more balanced vehicle offering, incorporating gas-powered, hybrid, and electric vehicles. This approach reflects a slower transition to an all-electric future, diverging from previous ambitious EV growth targets. Despite a reduction in growth expectations, the demand for EVs continues to rise, albeit at a slower pace, with sales still predicted to increase significantly. The industry acknowledges the necessity of hybrid models to bridge the transition to electrification and meet emission standards. This recalibration underscores the automotive sector’s response to less-than-expected consumer uptake of EVs and the reality of current market conditions, suggesting a more gradual shift towards electrification.

UK Signs Trade Pact With Texas in Effort to Boost Green Industry (March 12, 2024, Source) — The UK has signed a trade pact with Texas to enhance cooperation in green energy, aerospace, and advanced technologies, marking the eighth non-binding memorandum of understanding (MoU) with a US state since Brexit. This agreement aims to boost the collective GDP of these states to $6.8 trillion, a quarter of the US economy. It includes mutual recognition of engineering qualifications to facilitate talent exchange for infrastructure projects. The pact also focuses on making business easier in sectors like hydrogen and carbon capture. Despite not being the comprehensive Free Trade Agreement that Brexit supporters hoped for, this deal reflects the UK’s strategy of forming state-level agreements in the US. Texas, the UK’s ninth largest trade partner, exchanged £14.7 billion in goods with the UK in 2023. However, some critics argue these MoUs do little to reduce tariffs and aren’t sufficiently promoted.

POSCO International signs deal for permanent magnet supply with US, European automakers (March 12, 2024, Source) — POSCO International has inked deals worth 1.16 trillion won ($885 million) to supply rare earth permanent magnets, essential for electric vehicle (EV) motors, to North American and European automakers. These contracts aim to diversify the supply chain away from China, utilizing materials from the US, Australia, and Vietnam. The company’s U.S. subsidiary will supply a North American carmaker with magnets worth 900 billion won from 2026 to 2031, while its German subsidiary will provide a European brand with magnets valued at 260 billion won from 2025 to 2034. Star Group, Korea’s exclusive rare earth magnet producer, will handle production. This marks a strategic entry into markets dominated by China, reflecting POSCO’s efforts to expand its global footprint and secure additional orders with car and motor manufacturers.

After Massive Bust, Global Lithium Market Shows Signs of Life (March 12, 2024, Source) — The global lithium market, vital for electric vehicle batteries, is witnessing a cautious revival after a drastic downturn. Prices for lithium carbonate in China have surged to a post-December high following an over 80% fall in 2023, with futures contracts also seeing significant gains. This rebound is amidst a global supply glut that previously tanked prices. Leading producers remain hopeful, with giants like Albemarle Corporation (NYSE: ALB) and Sociedad Química y Minera de Chile S.A. (“SQM”) (NYSE: SQM) continuing expansions despite the market’s volatility. Efforts to rebalance include production cutbacks by some firms. However, analysts warn that the recovery could be fragile, with environmental regulations in China and a persistent supply surplus posing challenges to a sustained rally. Skepticism remains regarding the end of the bear market amidst these tentative gains.

The (Bidding?) War For the DRC (March 12, 2024, Source) — The Democratic Republic of the Congo (DRC) is a focal point for global powers due to its rich deposits of critical minerals essential for modern technologies and green economies. China, Saudi Arabia, the United Arab Emirates, and Russia are the main players, each with distinct strategies and impacts. China has a controversial history in DRC’s mining sector, while Saudi Arabia’s investment approach fosters a positive development model. The UAE’s agreement aims to enhance artisanal mining, and Russia’s involvement hints at a Cold War-style influence game. In contrast, US and European engagement in securing these vital resources has been relatively minimal. These dynamics underscore the geopolitical competition over the DRC’s mineral wealth, pivotal for technological advancement and climate change mitigation.

Critically important metals are found (March 11, 2024, Source) — Greece is emerging as a significant potential source of critical minerals essential for the clean energy transition, attracting investor interest. The Ministry of Environment and Energy, bolstered by Rockfire Resources PLC’s positive findings in Molaoi, southern Greece, indicates substantial deposits of germanium, gallium, lead, silver, and zinc. Germanium’s uses span fiber-optics to solar panels, while gallium, extractable from Greece’s abundant bauxite, is vital for electronics. The EU has noted Mytilineos’ pilot project for gallium extraction from bauxite, potentially satisfying European demand. Additionally, Mytilineos explores scandium production, beneficial in aerospace and electric vehicles, forecasting a significant demand increase. Rockfire Resources plans further exploration and a viability study post-summer. Greece’s untapped resources, including antimonite in Chios and bismuth near Xanthi, underscore its strategic position in supporting Europe’s energy transition and reducing reliance on imports, especially from China.

DOD Looks to Establish ‘Mine-to-Magnet’ Supply Chain for Rare Earth Materials (March 11, 2024, Source) —  The Defense Department is actively pursuing the establishment of a domestic “mine-to-magnet” supply chain for rare earth materials, crucial for manufacturing permanent magnets used in significant U.S. military systems and commercial applications. Recognizing the vulnerability of relying on foreign sources, notably China, for these materials, the DOD aims to enhance national security through self-reliance. It has allocated over $439 million since 2020 to develop this supply chain, covering mining, separation, refining, and manufacturing processes within the U.S. This initiative is guided by the National Defense Industrial Strategy and seeks to achieve a resilient, domestic supply chain capable of meeting all U.S. defense requirements by 2027. Critical defense systems, such as the F-35 Lightning II aircraft, Virginia and Columbia class submarines, and various missile and radar systems, depend heavily on these rare earth materials. The DOD’s strategy includes significant investments in U.S.-based companies and technologies to ensure the country’s self-sufficiency in rare earth element production and magnet manufacturing, aiming to eliminate dependency on foreign sources and secure the future needs of both defense and commercial sectors.

Critical minerals mining industry requires more of everything if Canada to be a global player (March 11, 2024, Source) —  The KPMG in Canada survey reveals optimism among Canadian mining leaders regarding the potential for Canada to be a global leader in critical minerals. However, they acknowledge significant obstacles, including the need for more investment, government support, and favorable tax policies. Challenges like decarbonization, lack of domestic refining capacity, raising capital, environmental, social, and governance risks, cost reduction, and regulatory hurdles are highlighted. The survey indicates that only a minority of companies have committed to comprehensive carbon emission reductions by 2050, with many still planning or not having a strategy for emission reduction. Furthermore, the Critical Mineral Exploration Tax Credit (CMETC) has boosted exploration activities but is seen as complex and limited in scope. Respondents call for broader and more innovative tax policies to encourage investment and development in the sector.

Global miners call on LME to introduce green premium for nickel (March 5, 2024, Source) — Global mining giants, including BHP Group (ASX: BHP | NYSE: BHP) and Wyloo Metals, have urged the London Metal Exchange (LME) to create a green premium for sustainably produced nickel amidst concerns over environmental damage caused by “dirty” nickel, particularly from Indonesia. Indonesia, a major player in the nickel industry, has been criticized for deforestation, pollution, and high carbon emissions due to its reliance on coal-fired power. The LME, however, responded that the market for green nickel isn’t yet large enough to support a dedicated futures contract. BHP and others argue for differentiating between green and dirty nickel, highlighting the environmental impact differences. The LME supports trading low carbon nickel but cites the need for more development in identifying a credible green premium. Meanwhile, Indonesia’s low-cost nickel production is poised to dominate the global market, raising concerns over environmental standards and the need for responsible sourcing guidelines that include emissions metrics.

Investor.News Critical Minerals Media Coverage:

• March 14, 2024 – The Australian Government Steps into the Critical Minerals Supply Chain Ring https://bit.ly/3Vm9NDR
• March 12, 2024 – The (Bidding?) War For the DRC https://bit.ly/4aaKMzO

Investor.News Critical Minerals Videos:

• March 14, 2024 – Neo Performance’s Rahim Suleman on being ‘the most vertically integrated rare earth magnetics company in the world.’ https://bit.ly/3PkS8IY
• March 14, 2024 – Darren Hazelwood on Panther Metals’ VMS Project Scale and the Graphite Potential Near Thunder Bay https://bit.ly/492OzOM
• March 14, 2024 – Codemge’s CEO on Leveraging Minas Gerais’ Position as Brazil’s Niobium Mining Powerhouse https://bit.ly/48Pfo8U
• March 13, 2024 – Chris Berlet on the benefit of MineralPrices’ real-time pricing information https://bit.ly/3TA1i6Q
• March 11, 2024 – Power Nickel’s Terry Lynch on “the least expensive high-grade nickel sulfide exploration play in the world” https://bit.ly/3VgWdBF
• March 11, 2024 – Tom Drivas Explores the Initial Rare Earth Mineral Resource Estimate from Appia’s PCH Ionic Adsorption Clay Project in Brazil https://bit.ly/3VdU9KL
• March 11, 2024 – Chad Clovis on Real Environmental Benefits through the Karbon-X Carbon Credit App https://bit.ly/3Tt6jy6
• March 11, 2024 – Stephen Burega on Romios Gold’s Recent Strides Forward in High-Grade Copper Exploration in Nevada https://bit.ly/4a9HA7E
• March 11, 2024 – Sean Cleary on Strategic’s plans to revitalize former producer of 10% of the world’s vanadium https://bit.ly/3IwVZP9

Critical Minerals IN8.Pro Member News Releases:

• March 14, 2024 – Technology Advancement: NEO Battery Expands Production Yield and Capacity with Manufacturing Innovation https://bit.ly/43f7Efj
• March 13, 2024 – Voyageur Achieves Milestone with Rain Cage Royalty Agreement for Sustainable Carbon Drug Development https://bit.ly/3TzarN0
• March 13, 2024 – First Phosphate and Groupe Goyette Sign MOU for Logistics Footprint at the Hebertville-Station Intermodal Facility in the Saguenay-Lac-St-Jean Region of Quebec, Canada https://bit.ly/3PlqXxL
• March 13, 2024 – Fathom Announces Completion of Drilling at Albert Lake Project and Commencement of Drilling at the Gochager Lake Project https://bit.ly/3wPQFnA
• March 12, 2024 – American Clean Resources Group Enters Well Water Purchase Agreement with Road and Highway Builders LLC https://bit.ly/3wOX2aT
• March 11, 2024 – Critical Metals PLC Appointment of Non-Executive Director https://bit.ly/43cATiI

In a recent InvestorNews interview, host Brandon Colwell sat down with Appia Rare Earths & Uranium Corp.‘s (CSE: API | OTCQX: APAAF) CEO and Director Tom Drivas, to discuss the exceptional drilling results from Appia’s PCH Ionic Clay Project in Brazil. Discussing the consistency and high-grade rare earths mineralization at the project, Tom highlights that the average grades of Total Rare Earth Oxides (TREO) is comparable to, or surpasses, other well-known international deposits.

Tom emphasized that Appia’s ionic clay project in Brazil offers a more environmentally friendly and easily processable source of rare earths. Tom explained that Appia’s PCH Ionic clay project has a distinct advantage with its high concentrations of both heavy and light rare earths, a rarity in the industry. Appia also the Alces Lake Project in Northern Saskatchewan. With high-grade monazite mineralization, Tom shares that the Alces Lake Project is also rich in light and heavy rare earths.

With uranium in demand and high-tech and electric vehicles industries relying heavily on rare earths, Appia’s dual focus on uranium and rare earths sets the company apart in the critical minerals industry. Tom clarified that while the rare earth projects have gained significant attention, the company remains committed to uranium exploration.

To access the complete interview, click here

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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 Otherside, Loranger, North Wollaston, and Eastside 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 12,545 hectares (31,000 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario. Lastly, the Company holds the right to acquire up to a 70% interest in the PCH Ionic Adsorption Clay Project which is 17,551.07 ha. in size and located within the Goiás State of Brazil. (See June 9th, 2023 Press Release – Click Here)

To learn more about Appia Rare Earths & Uranium Corp., click here

Disclaimer: Appia Rare Earths & Uranium Corp. is an advertorial member of InvestorNews Inc.

This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. 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. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.

In this InvestorIntel interview, Tracy Weslosky talks with Critical Minerals Institute’s (CMI) Co-Chairman Jack Lifton attempts to explain what Vital Metals Limited’s recent announcement about “pausing all construction-related activities at the Saskatoon processing facility” means. Clarifying and reinforcing what the Saskatoon Research Council (SRC) has stated online, we would like to redirect our audience to the SRC website where they state: “SRC wants to clarify that its Rare Earth Processing Facility currently under construction is on schedule and on budget and will be fully operational by the end of 2024.”

Jack also shares his insight on a column written by CMI Co-Chairman Ian Chalmers titled Are Ionic Adsorption Clay Deposits a Game-Changer for the Supply of Rare Earths. He then goes on to discuss Appia Rare Earths & Uranium Corp.’s (“Appia”) (CSE: API | OTCQX: APAAF) recent acquisition of a Brazilian rare earths ionic clay project, Explaining that ionic clays can be a source of critical heavy rare earths, he explains how Appia may be the “only possible provider of this super critical material for the North American market.”

To access the full episode, click here.

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About The Critical Minerals Institute

The Critical Minerals Institute or CMI is an international organization for critical mineral companies and professionals focused on battery and technology materials, defense metals, and ESG technologies in the EV market. Offering a wide range of B2B service solutions, the Critical Minerals Institute hosts both online and in-person events designed for education, collaboration, and service solutions that address critical mineral challenges for a decarbonized economy.

To learn more about The Critical Minerals Institute, click here

Disclaimer: 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 [email protected].

In this InvestorIntel interview, Tracy Weslosky talks to Appia Rare Earths & Uranium Corp.’s (CSE: API | OTCQX: APAAF) CEO and Director Tom Drivas about signing a letter agreement to acquire up to 70% interest in a prospective rare earths ionic clay project in Brazil. Currently doing its due diligence, Tom discusses how the new Brazilian project, if finalized, would not interfere with their main focus on the Alces Lake project. Tom goes on to say that the Brazilian project will have a new team with direct ionic clay expertise.

With an extensive exploration program planned for this year at the Alces Lake project in northern Saskatchewan, Tom discusses the company’s focus on delineating high-grade critical rare earth elements and gallium. Tom also provides an update on Appia’s ongoing relationship with the Saskatchewan Research Council (“SRC”) which is developing a rare earths processing facility in Saskatoon and the plans for the SRC to process monazite from the Alces Lake project as early as next year.

To access the full InvestorIntel interview, click here

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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.

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 [email protected].

Canadian Prime Minister Justin Trudeau recently toured Vital Metals Limited‘s (ASX: VML l OTCQB: VTMXF) rare earths processing plant in Saskatoon’s northern industrial area. Vital Metals’ site is next door to another rare earths processing facility built and operated by the Saskatchewan Research Council (SRC) which, in a test run back in August, created the first rare earth element ingots produced in Canada. The fact that the Prime Minister was in Saskatoon and stated that there is a support system for rare earth element mining in Saskatchewan is very encouraging. Readers may recall the Critical Minerals series we ran in July, 2022 where one of my greatest concerns was how effective our Federal Government would be in doing anything useful to advance the cause of critical materials. However, I suggested that as long as the topic remained at the forefront and politically in vogue, my hope was that they would stay out of the way and let smart, innovative people get on with doing what’s best for Canada and its allies.

It appears the Government is heeding my concerns (for now) and that the rare earth industry should be able to continue to progress without too much interference. That is certainly good news if you are developing a rare earth prospect in Saskatchewan. One company that falls into that category is Appia Rare Earths & Uranium Corp. (CSE: API | OTCQX: APAAF), a Canadian publicly listed 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 Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 110,997 hectares (274,280 acres) in Saskatchewan.

Appia’s Alces Lake project encompasses some of the highest-grade total and critical REEs and gallium mineralization in the world, hosted within several surface and near-surface monazite occurrences that remain open at depth and along strike. In early December, the Company announced results from the 2022 prospecting program that included:

• 36.11 wt.% TREO returned from samples of massive to semi-massive monazite in outcrop at the West Limb anomaly, first discovered in 2022.
• 3.34 wt.% TREO returned from a mineralized biotite shear zone at the West Limb anomaly
• 4.34 wt.% TREO returned from visible monazite in a shear zone at a previously unexplored and un-named radiometric prospect south of the Magnet Ridge zone
• 2.03 wt.% TREO returned from visible monazite discovered in the Western Anomaly

Still to come are assays from the record 2022 drilling program at Alces Lake where the Company completed 17,481 m over 100 drill holes. Appia’s 2022 drilling program at Alces was designed to drill significantly deeper holes compared to the 100 holes (approximately 8,076 m) drilled in 2021 to allow Appia to determine continuity at depth and along the identified REE mineralization trends as the company works towards a maiden resource estimate to be prepared in accordance with NI 43-101 for the area. With high-grade REE mineralization now identified in many locations within an area covering approximately 27 km2 of the Alces Lake block, the Company believes the project has the potential to be a world-class source of high-grade critical rare earth bearing monazite.

Momentum is certainly there for critical minerals comprising the battery supply chain. Being relatively close to Canada’s first rare earth processing facility is an added bonus for Appia Rare Earths. The Company’s newly appointed President, Mr. Stephen Burega, is stepping in at a pretty exciting time, with drill results pending and a resource estimate looming. Additionally, Appia added C$3.7 million to it’s treasure in December with a non-brokered private placement that provides the Company with plenty of dry powder to pursue its 2023 exploration program at Alces Lake, as well as it’s various uranium properties. At a market cap of C$39 million, Appia is currently trading near its lowest levels in over two years. A decent NI 43-101 resource estimate for Alces Lake could go a long way towards changing the look of this stock chart.

“Overall Vital appears well on the way to producing commercial quantities of rare earth concentrate, a first in Canada.” — Alastair Neill, President, Critical Minerals Institute

Vital Metals Limited (ASX: VML | OTCQB: VTMXF) is an Australian listed company whose subsidiary, Cheetah Resources, is developing the Nechalacho project in the Northwest Territories of Canada. The deposit was previously owned by Avalon Advanced Materials Inc. (TSX: AVL | OTCQB: AVLNF), and they sold the rights in 2019 to Cheetah for the material 150 meters above sea level. Avalon retained the rights to the basal zone deposit which is underground. The deposit is reported to have 94.7 million tonnes at 1.46% REO (0.1% Nd/Pr cutoff). The mineral hosting the rare earths is bastnaesite, which is good as this mineral has been processing successfully for many years.

Vital raised A$45 million recently through a targeted share placement at A$0.04 per share. According to their press release the funds will be used for:

• Finalisation of construction activities and undertake commissioning, ramp-up and operations at its Rare Earth Extraction Facility in Saskatoon, which will produce a rare earth carbonate product
• Accelerated development of Tardiff deposit at Nechalacho, Canada, including mining studies

A strong balance sheet for ongoing working capital requirements

This project is the most advanced rare earth project currently in Canada. The initial focus is the North T zone which has a resource of 101,000 metric tonnes at 9.01% contained Total Rare Earth Oxides (TREO). Based on tests run at their Saskatoon rare earth extraction plant they can get a 75% recovery to produce a 43.7% concentrate. Based on this, the deposit would produce 6,825 metric tonnes of TREO which would contain 1,600 tonnes of Neodymium (Nd) and Praseodymium (Pr).  Tests have been done using X-ray Transmission (XRT) to sort the ore as the ore is hosted in quartz, which is white, and the rare earth mineral which is red. This is a simple way to upgrade the TREO content at site.

There is an offtake agreement with REEtec, a Norwegian company that is developing a new rare earth separation process. The agreement is for Vital to deliver 1,000 tonnes per year (TPY) of TREO (excluding Cerium (Ce)). Based on that Ce will be eliminated before shipping the concentrate to Norway. This is a step that has been done before by Molycorp in the 1980s. It reduces the material handling by 50% and obviously the size of downstream processing equipment. The North T zone will provide 3,400 of the 5,000 tonnes which means Cheetah will have to open the Basal zone to meet the balance of the supply contract.

Looking at today’s prices on Shanghai Metal Market (SMM) the separated value of this contract is over US$286 million. Assuming Vital gets 1/3 of the value for the concentrate this would produce revenues of over US$95 million of which US$92 million would come from Nd/Pr. Details of the agreement are not revealed so REEtec may be a toll arrangement which could produce more revenue for Vital though I expect the initial target would be to sell La, Nd and Pr in Europe as there are customers in Europe.

Interestingly the extraction plant is located beside the Saskatchewan Research Council (SRC) which has announced that they will be building a rare earth separation facility to process monazite by 2024. SRC has two rare earth experts from China on staff. SRC is also putting in an Nd/Pr metal facility which takes the oxide to the next level in the supply chain.

In addition to the Nechalacho project, Vital has a project in Tanzania called Wigu Hill. Vital has signed a project development and option agreement with Montero Mining & Exploration Ltd. (TSXV: MON), to acquire and develop the Wigu Hill project. The Wigu Hill project is a light rare earth element deposit and consists of a large carbonite complex with bastnaesite mineralization with a NI 43-101 Inferred resource estimate of 3.3Mt at 2.6% light REOs. This is also a bastnaesite mineral.

Overall Vital appears well on the way to producing commercial quantities of rare earth concentrate, a first in Canada. Questions that do need to be answered are what are the costs of operating an open pit mine in Northern Canada and the costs to transport material to Saskatoon.

Appia Rare Earths & Uranium Corp. (CSE: API | OTCQX: APAAF) recently reported results from its 2021 drilling program and work completed this year on its Alces Lake property in Northern Saskatchewan. While results are still pending from the 34 holes drilled at the recently renamed site Magnet Ridge (formerly Augier), other areas returned values as high as 14.95% TREO over 0.66 metres. This is high compared to most deposits. As of early July Appia has drilled over 14,000 metres in 2022 and plans to drill up to 20,000 metres this year, which should provide them with valuable information on the Alces Lake deposit. Magnet ridge is interesting as Appia has reported it outcrops at surface with a strike length of about 300 metres and a width of 175 metres, and has been penetrated to over 100 metres deep.

The mineral hosting the rare earths at Alces Lake is monazite. Monazite is regularly processed in China to produce rare earths, so making a concentrate and separating the rare earths is an established technology. In several jurisdictions, this could be a problem as monazite is typically associated with the radioactive elements Thorium (Th) and Uranium(U). However, it comes down to the old paradigm, location, location, location. Being situated in Saskatchewan, Appia is in a jurisdiction that understands radioactive materials and that they can be properly handled and stored, and in the case of uranium can be a valuable resource. The other advantage for Appia being in Saskatchewan is that the Saskatchewan Research Council is building a pilot plant for rare earth separation over the next 2 years. This will give Appia the ability to test their material locally, which is a significant advantage.

A 2020 Appia presentation indicates Neodymium (Nd) oxide levels of 17.4% and Praseodymium (Pr) oxide of 5.4% which gives a combined total of just under 23%. This is close to the Lynas levels from its Mt. Weld deposit, which Roskill’s Market Outlook 2015 indicates to be 23.8%. The Mountain Pass Mine, the deposit in California owned by MP Materials, has Nd+Pr levels at 16.3%. so they would have to process up to 50% more material to get the same revenue levels as Appia or Lynas. In addition, Appia’s report shows added value in Terbium (Tb) and Dysprosium (Dy). Looking at recent pricing in Shanghai Metal Markets (SMM), the Nd/Pr holds 87.8% of the total value. Terbium and Dysprosium add another 0.3%. This assumes that all the elements are sold, which typically is impossible, especially the Cerium, which is over 49% of the total volume. However, there may be markets in North America and possibly Europe for Cerium and Lanthanum. Their current price in China is $1.22 and $1.15 per kg respectively and freight can be a high proportion of the total cost of the product outside of Asia.

One way to look at the value of the deposit is to see what potential revenue can be generated from the four main magnetic elements (Neodymium, Praseodymium, Terbium and Dysprosium). Assuming the long range plans would be to build a 20,000 TPY plant, which is similar to the previous Molycorp output and just below the Lynas present output of around 22,000 TPY, their projected revenues would be around US$500 million per year. This assumes 90% recoveries and revenues only from Nd+Pr. Any sales of Cerium and Lanthanum would be minimal but an added bonus.

In addition, Appia has properties in the Elliot Lake area in Ontario. This is in the right area code as from the mid-late 1950s to 1990 there were 10 mines producing Uranium. Again location, location, location. Given the push for electric vehicles and the corresponding increase in electrical demand, countries are going to review their long term needs including Germany and China, and possibly India, and given alternative producing options nuclear is a cleaner way than coal or gas to produce electricity. Also given the current Russian situation more focus will come on nuclear and correspondingly Uranium. Thorium may also come into demand as it can reduce the operating temperature and thereby improve safety.

All things considered, Appia has an interesting opportunity and with the grades shown so far, and is poised to take the next steps to becoming a potential domestic producer of rare earths.

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.