EPISODE · May 7, 2025 · 7 MIN
Tom Drivas on Appia’s High-Grade Rare Earth Discoveries in Brazil and the Potential of Alces Lake
from Investor.News · host Investor.News
Dominating the critical minerals narrative, Appia Rare Earths & Uranium Corp. (CSE: API | OTCQB: APAAF) is fortifying a portfolio that spans ionic-adsorption clay in Brazil, monazite at Saskatchewan’s famed Alces Lake, and multiple uranium prospects across the Athabasca Basin and Ontario. CEO Tom Drivas told InvestorNews host Tracy Hughes that looming U.S. tariffs are “not going to affect Appia at all—in fact, it might help Appia,” underscoring the company’s exposure to geopolitically friendly jurisdictions. Through a five-year option to earn up to 70% of the 42,932-hectare PCH Project in Goiás State, Appia adds Brazilian scale to assets that already include 94,982 ha in Saskatchewan and 13,008 ha in Ontario—positions that collectively place rare earths and uranium “in three projects in different parts of the world,” as Drivas emphasized.Appia’s Brazilian campaign is rapidly moving the needle. Recent diamond drilling at PCH’s Southwest Extension Zone cut 150 m @ 1.34 % TREO and 147 m @ 2.00 % TREO from surface, with over-limit assays boosting average grades by 19% for rare earths and 23% for niobium. “Today’s re-assayed overlimit results further support the presence of an extraordinary, high-grade mineralization,” Drivas said, noting that all three holes ended in mineralization and that the property hosts the twin advantage of ionic-adsorption clay and hard-rock carbonatitic breccia styles. Such grades would rank “second, third and fourth on the list of the best intercepts of the past year,” giving Appia leverage to a market hungry for magnet metals and niobium-enhanced alloys.Equally compelling is Alces Lake, where Appia controls what Drivas calls “the most high-grade rare earth deposit in monazite as far as we know in North America, potentially in the world.” Surface mineralization, new gravity-airborne targets, and proximity to the Saskatchewan Research Council’s monazite processing facility mean Appia could supply feedstock without building its own plant. Overlaying 55 million lbs of uranium and 180 million lbs of rare earths in inferred and indicated resources at Ontario’s Elliot Lake with active Athabasca exploration, Drivas signaled near-term catalysts as Appia advances toward updated NI 43-101 resources and prospective development partnerships.
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Tom Drivas on Appia’s High-Grade Rare Earth Discoveries in Brazil and the Potential of Alces Lake
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