Episode Details

Appia Rare Earths and Uranium CEO Tom Drivas joined Steve Darling from Proactive to announce the start of mobilization for a 3,300-metre diamond drilling program at the company’s 100%-owned Alces Lake Rare Earth Elements project in northern Saskatchewan. Drivas explained that the 2026 summer exploration program will consist of nine diamond drill holes targeting depths between 300 and 500 metres. The campaign is designed to test several high-priority rare earth element (REE) targets identified through the company’s 2025 ground gravity survey, which refined targets originally outlined by a 2024 airborne gravity gradiometer survey. The targets were selected based on strong geophysical similarities to Appia’s high-grade WRCB mineralized zone and the near-surface Magnet Ridge discovery, both of which have demonstrated significant rare earth mineralization. The drilling program will focus on evaluating the potential continuation of REE-bearing lithological units at depth and along strike within a regional northwest-southeast structural corridor that hosts several of the project’s key mineralized zones. Management believes the program could further expand understanding of the scale and continuity of mineralization across the property while identifying new opportunities for resource growth. The Alces Lake Property is widely recognized for hosting some of the highest-grade rare earth element mineralization discovered in Saskatchewan and has emerged as one of Canada's most significant REE exploration projects. Rare earth elements are critical components in electric vehicles, wind turbines, advanced electronics, defense systems, and other technologies supporting the global energy transition. With drilling now underway, Appia aims to further unlock the potential of the Alces Lake district and advance one of North America's most promising rare earth exploration assets. On the uranium side, Appia is advancing several exploration projects in Saskatchewan's Athabasca Basin region. Drivas highlighted one project that displays multiple geophysical characteristics associated with major uranium deposits and is awaiting interpretation from a recently completed MT survey. The interview also touched on the company's Elliot Lake property in Ontario, which hosts a NI 43-101 resource containing uranium and rare earth elements in a historically productive mining district. #proactiveinvestors #appiarareearthsanduranium #cse #api #otcqb #apaaf #RareEarthElements #AlcesLake #CriticalMinerals #REE #SaskatchewanMining #MiningNews #EnergyTransition #ExplorationDrilling #ResourceDevelopment