Results for Appia Rare Earths & Uranium

Recently, Appia Rare Earths & Uranium announced the discovery of new massive and semi-massive rare earths occurrences at Wilson North, Alces Lake. This follows the interest of China's Zijin Mining in acquiring Appia.

Appia Rare Earths & Uranium, a publicly-traded Canadian company in the uranium and rare earth elements sector, is currently undertaking the largest exploration and diamond drilling program in the company's history, focusing on delineating high-grade key rare earth elements, gallium, and uranium on its 100% owned Alces Lake property, as well as on the prolific Athabasca Basin's Loranger, North Appia has discovered some of the highest grade samples of Nd-rich monazite on its Saskatchewan properties.

The accessible, extensive hard rock monazite deposits found at Alces Lake are important to the world's demand for magnetite rare earths. This is because the company's monazite is rich in neodymium and is the most ideal material for producing rare earth permanent magnets. Not only is it rich in neodymium (Nd) and praseodymium (Pr), but it also contains 1% xenon, which is the most desirable heavy rare earth hard rock mineral.

The good news is that the company has recently announced the discovery of new massive and semi-massive monazite occurrences at Wilson North, Alces Lake. A total of 27 holes (2,460m) were completed at the Wilson-Richard-Charles-Bell zones (WRCB) with at least 27 holes (2,360m) remaining. In total, the Company completed 61 holes (4575m), including drilling at Biotite Lake (13 holes-685m), Danny (7 holes-430m), and Sweet Chili Heat (14 holes-995m), each of which intersected monazite occurrences.

One drill continued to test the continuity and depth extent of the WRCB zone, while another drill went through the property to explore new drill targets, named Diablo and Oldman River.

With 61 holes in the 2021 program so far awaiting assay results, this is certainly an exciting time for Appia Rare Earths & Uranium. From 15.74 meters to 24.59 meters, Wilson North 21-WRC-015 showed 8.85 meters of dolerite mineralization. If this season's drill grades match the previously announced world-class grades, things could get very interesting very quickly.

While the Biden administration is focused on solving the US port problem, China continues to dominate the supply of rare earths to the Western world.

While the US government tries to focus on the issues before it that could disrupt Christmas, Chinese companies continue to seek out and target more of the raw materials that will drive the future. Just in the past few days, Zijin Mining Group Co. launched a C$960 million acquisition of Canada-based Neo Lithium Corp.

Contemporary Amperex Technology Ltd (CATL), the world's largest producer and supplier of lithium batteries, is part owner of Neo Lithium and also has a battery supply agreement with US commercial electric vehicle manufacturer Electric Last Mile Solutions Inc. Three weeks ago, CATL made a C$377 million takeover bid for Canada's Millennial Lithium Corp.

Zijin is no stranger to acquiring 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 these are just a few of its Canadian targets.

From an investor's perspective, I suppose this acquisition activity could be seen as a good thing, as these Chinese entities paid full value for their acquisitions. But it is disappointing that the West is talking about a greener future, but not acting on it, as Western leaders seem to be completely unaware of the importance of these key metals to a greener future.

Lithium seems to be a hot topic these days, but it is not the only key material. China has long had a monopoly on the rare earths market, but if no one is willing to stop them, or even slow them down, then why don't they continue to buy up everything the world allows them to. One Canadian junior mining company that might fit the bill is Appia Rare Earths & Uranium.

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