Tom Drivas of Appia Rare Earths & Uranium Discusses Alces Lake and “Exciting” Brazilian Acquisition

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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.

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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.

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3 responses

  1. Samer Al-Habib Avatar
    Samer Al-Habib

    Hi Tracy,
    Thanks for the interview, please do ask Mr. Drivas next time about the rapidly declining share price, and when would he move Appia to a decent market in place of the CSE or the Pink Sheets in the US.

    1. John Storer Avatar
      John Storer

      %TREO below 1% seems to be disagreeable to the market. Can they mine it at 10 times MP Materials volume to make it a going concern. I’m starting to doubt the feasibility here? Where are they going to get green eletricity to power such a grinding circuit?

  2. John Storer Avatar
    John Storer

    I think the key question to ask is:
    “Given that the median %TREO in the majority of core hole assays to date are an order of magnitude below that for MP Materials US working deposit, can Alces Lake be considered economically viable?”. NB. The market goes down every time an analysis is <1.00% TREO.

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