Appia Rare Earths & Uranium Corp. (CSE: API | OTCQB: APAAF | FSE: A0I0) reported 300 metres grading 2.55% total rare earth oxide (TREO) from surface at its PCH project in Brazil in February 2026 — including a 1.7-metre intercept at 14.27% TREO — confirming the carbonatite body remains open at depth across all three diamond drillholes completed. Appia is a Toronto-headquartered junior explorer holding rare earth and uranium assets across Canada and Brazil, with a market capitalisation of approximately C$25.9 million as of late March 2026.
Company Overview — Appia Rare Earths & Uranium Corp.
Founded and headquartered in Toronto, Ontario, Appia operates a multi-jurisdiction, multi-commodity exploration portfolio spanning four project areas in Canada and one in Brazil. The company targets magnet-critical rare earth elements — primarily neodymium, praseodymium, dysprosium, and terbium — alongside uranium in Saskatchewan and Ontario. Appia is listed on the CSE, OTCQB, and Frankfurt Stock Exchange.
The company remains pre-revenue and pre-production across all assets. Its Brazil project, PCH, is the most advanced in terms of resource definition, carrying a maiden mineral resource estimate (MRE) released in March 2024. Canadian REE assets at Alces Lake are pre-resource, supported by extensive drilling and a 2026 program targeting new depth targets. CEO Tom Drivas and President Stephen Burega lead the management team; Jason Bagg was appointed VP Corporate Development in January 2026, bringing over 25 years of uranium and finance experience.
Key Assets — Appia Rare Earths’ Project Portfolio
PCH / Ultra Project — Goiás State, Brazil
The PCH project, covering 42,932 hectares in Goiás State, 216 kilometres from Goiânia and 410 kilometres from Brasília, is Appia’s most resource-defined asset. Road and power access are confirmed. Appia currently holds a 25% interest, with the right to acquire up to 70%; operator Ultra Rare Earth Inc. is funding a USD $6 million exploration program.
The project hosts two distinct mineralisation styles: ionic adsorption clay (IAC) and ultra hard rock carbonatite. The IAC maiden MRE, prepared by SGS Canada and released March 2024, defines 6.6 Mt Indicated at 2,513 ppm TREO and 46.2 Mt Inferred at 2,888 ppm TREO, totalling 52.8 Mt across 483 hectares in the Target IV and Buriti Zone. The IAC chemistry is significant: ambient-temperature, low-acid heap leach processing is technically feasible, reducing capital requirements relative to conventional hard rock flowsheets.
The February 2026 carbonatite drill program — 26 holes, 7,347.1 metres total — returned 300 m at 2.55% TREO from surface, with a high-grade intercept of 1.7 m at 14.27% TREO. All three drillholes ended in mineralisation. Preliminary assays confirmed significant TREO intervals across the programme; final assay results remain pending as of the publication date. The TREO mix includes meaningful neodymium, praseodymium, dysprosium, and terbium content — the four elements most critical to NdFeB permanent magnet production. For current dysprosium price benchmarks and terbium price data, both elements tracked by Shanghai Metals Market industrial spot pricing.
Alces Lake — Northern Saskatchewan, Canada
Alces Lake is a 38,522-hectare, 100%-owned property in northern Saskatchewan carrying some of the highest-grade monazite-hosted rare earth surface assays reported in Canada — up to 50 wt.% TREO. The 2023 Jesse Zone programme returned assays exceeding 3.70 wt.% TREO from surface across an anomaly measuring 1,600 metres by 400 metres. Appia has completed 317 drill holes totalling 34,094.43 metres to date. No NI 43-101 resource estimate has been filed for the Canadian REE assets.
A 2025 ground gravity survey was completed to define new depth targets, and a 2026 drill program is planned to test these gravity-defined structures. Gallium is also present on the property — a strategic minor metal subject to China export controls since 2023. The proximity of the Saskatchewan Research Council (SRC) rare earth processing facility in Saskatoon — operational from 2024, targeting NdPr capacity of 10 tonnes per month rising to 40 tonnes per month — removes the need for a standalone refinery at Alces Lake if the project reaches production. Alces Lake’s role in the broader Canadian rare earth mining landscape has grown as Saskatchewan emerges as a focus jurisdiction for Western supply chain development.
Elliot Lake Camp and Athabasca Basin — Ontario and Saskatchewan
Appia holds 13,008 hectares at Elliot Lake, Ontario, covering five mineralised zones with historic uranium and rare earth deposits. In Saskatchewan’s Athabasca Basin, the company controls 94,982 hectares of surface rights across four properties: Otherside, Loranger, North Wollaston, and Eastside. The Otherside property is the current focus: a SPARTAN Magnetotelluric (MT) survey was completed in Q1 2026 across a 49-kilometre electromagnetic conductor, and a five-year exploration permit was received. These uranium assets give Appia a commodity diversification profile that distinguishes it within the junior REE space.
Latest Developments — Appia Rare Earths in 2026
The February 2026 PCH carbonatite drill results are the most material recent development. The 300-metre intercept at 2.55% TREO represents a grade well above typical sedimentary REE projects and places the PCH carbonatite in a category of high-grade hard rock REE systems globally. Final assay results from the 26-hole programme are expected to define the carbonatite body more precisely and will inform decisions on the right to acquire additional interest from Ultra Rare Earth Inc.
At Otherside in Q1 2026, the completed MT survey over the 49 km conductor adds structural detail to a property that received a fresh five-year exploration permit. The appointment of Jason Bagg as VP Corporate Development in January 2026 signals intent to advance the uranium portfolio alongside the REE assets. Appia presented at PDAC 2026 in Toronto (booth 2715, March 1–4), meeting institutional and retail investors tracking rare earth junior stocks across the Canadian and Brazilian development pipeline.
The 2026 Alces Lake drill programme, targeting gravity-defined depth anomalies, has not yet been formally announced with specific dates. Results, when they arrive, will be the primary Canadian REE catalyst for the company and the key data point to watch against Appia’s broader positioning among Canada’s leading rare earth developers.
Appia Rare Earths — Company Snapshot
| Field | Detail |
|---|---|
| Founded | Toronto, Ontario, Canada |
| Listings | CSE: API | OTCQB: APAAF | FSE: A0I0 |
| Key Elements Targeted | Neodymium, praseodymium, dysprosium, terbium; uranium; gallium |
| Flagship REE Asset | PCH / Ultra Project, Goiás State, Brazil |
| PCH MRE (IAC, March 2024) | 52.8 Mt at 2,513–2,888 ppm TREO (Indicated + Inferred) |
| PCH Carbonatite (Feb 2026) | 300 m at 2.55% TREO; 1.7 m at 14.27% TREO |
| Alces Lake Status | Pre-resource; 317 holes drilled; 2026 programme planned |
| Market Cap (approx.) | ~C$25.9 million (late March 2026 — verify before publish) |
| Stage | Exploration — pre-revenue, no production |
| CEO | Tom Drivas |
Investors following Appia should monitor final PCH carbonatite assay results and the timing and results of the 2026 Alces Lake drill programme. This article is for informational purposes only and does not constitute investment advice. Prices and corporate details are subject to change without notice.
What does Appia Rare Earths & Uranium Corp. produce?
Appia Rare Earths is an exploration-stage company with no current production. It is advancing rare earth projects in Brazil and Canada targeting neodymium, praseodymium, dysprosium, and terbium — elements critical to NdFeB permanent magnets used in EVs and wind turbines — alongside uranium assets in Saskatchewan and Ontario.
Where are Appia Rare Earths’ main projects?
Appia’s primary REE asset is the PCH / Ultra project in Goiás State, Brazil (42,932 ha), where a maiden resource of 52.8 Mt was defined in 2024. In Canada, the company holds the Alces Lake high-grade monazite property in northern Saskatchewan (38,522 ha, 100%-owned), uranium properties across 94,982 hectares in the Athabasca Basin, and the Elliot Lake Camp in Ontario (13,008 ha).
What is the grade at Appia Rare Earths’ PCH project in Brazil?
The PCH ionic adsorption clay (IAC) resource, defined by SGS Canada in March 2024, totals 52.8 Mt at 2,513–2,888 ppm TREO across Indicated and Inferred categories. February 2026 diamond drilling in the carbonatite zone returned 300 metres grading 2.55% TREO from surface, including 1.7 metres at 14.27% TREO, with all drillholes ending in mineralisation.
What is Appia Rare Earths’ stock ticker?
Appia Rare Earths & Uranium Corp. trades as CSE: API on the Canadian Securities Exchange, OTCQB: APAAF in the United States, and A0I0 on the Frankfurt Stock Exchange.
What rare earth elements does Appia target?
Appia targets magnet-critical rare earths — neodymium, praseodymium, dysprosium, and terbium — which are the key inputs to NdFeB permanent magnets for electric vehicle motors and wind turbine generators. Gallium is also present at the Alces Lake property in Saskatchewan, an element subject to Chinese export controls since 2023.
