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Discover the Unexpected Rare Earth & Uranium Treasures of Appia!

StockMarketHour by StockMarketHour
October 19, 2023
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Discover the Unexpected Rare Earth & Uranium Treasures of Appia!
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Amid increasing demand for rare earth and uranium elements, Appia Rare Earths Inc. has begun an important exploration effort in the Canadian province of Saskatchewan. Appia is a private Canadian mining company that aims to become Canada’s next world-class rare earth and uranium producer.

Appia has already identified two rare earth deposits in northern Saskatchewan. The Downfield and West Athabasca are believed to contain an estimated total of 7,628 metric tonnes of rare-earth oxides, along with 1,030 metric tonnes of uranium oxide. The deposits are located in an area that has been historically mined for uranium, but never for rare earths.

The rare earth elements found at both sites include cerium, lanthanum, neodymium, and praseodymium, while the uranium is also believed to be enriched in uranium-bearing phosphate mineralization.

Appia Rare Earths is focused on advancing its exploration program with the long-term goal of leading to development of a mine and production of rare earths and uranium products. So far, the company has conducted survey work, drilling and collecting core samples from both deposits. Appia is also in the process of developing a mineral resource estimate for the Downfield deposit.

The Downfield rare earths deposit is believed to contain enriched concentrations of the rare earth elements that are important for use in clean energy technologies, such as electric vehicle batteries, wind turbines, and solar power equipment.

The rare earths and uranium found in these deposits can serve as a valuable resource in the production of much needed, advanced materials for the technological world. Thus, Appia’s exploration effort can potentially help meet the rising global demand for these elements and make positive contributions to the Canadian economy.

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