Tag Archives: junior exploration
2024 Uranium Prices On The Rise
Spot uranium prices continue to remain comparatively strong with spot uranium currently trading at $92.15 USD.
There are various reports that the overhang of uranium and recycled uranium in the form of Soviet era weapon grade uranium have been almost completely used up and new sources need to be supplied.
There is also a recent bill signed by the U.S. Senate and passed through to President Biden to sign into law which bans the import of ‘low enriched uranium’ (LEU) of Russian uranium.
This places further pressure on western companies to supply more of the yellow cake. The ban will come into effect 90 days after the date of the enactment and will terminate in 2040, so the game is afoot as they say. It has been estimated that the shortage could total 1 billion pounds by the year 2040.
The Sprott Uranium Miners ETF symbol URNM is trading at $53.95 usd which is fairly near its all time high of $58.96 usd so it continues to boast a healthy looking chart.
The Sprott Junior Miners ETF symbol URNJ is also appearing relatively strong, trading at $27.83 usd with an all time high of $30.27 usd. Will a breakout occur soon?
Interesting times for the uranium mining industry and at last a chance to profit from all the hard work that has been going into this sector for years now. It has been noted that restarting inactive mines is vital to increase short-term supply, as new mines can take 10-15 years to become operational.
Please stay tuned for more reports on uranium mining and mining exploration companies.
Disclaimer: Editor holds no shares in the Sprott Uranium ETF or the Sprott Junior Miners ETF at present but may buy or sell at any time in the future.
Appia releases 43-101 on their PCH Project
Lots of very impressive progress being made over at Appia Resources recently -including filing an NI 43-101 technical report on their PCH Project in Brazil. Compared to most companies this is quite an amazing accomplishment because they only acquired the PCH Project last year at PDAC 2023!
The short version of this report is:
6.6 Million Tonnes Indicated Grading 2,513 ppm TREO
46.2 Million Tonnes Inferred Grading 2,888 ppm TREO.
The discovery has been described as having ‘astonishing’ grades.
What is truly inspiring about this NI 43-101 in addition to the speed at which they have been accomplishing exploration, is the fact that they have only explored just over 1% of the property they have under their claims located in the state of Goias Brazil. The maiden resource was generated through only 2 zones known as Target IV and Buriti Zones. The bluesky upside with so much prospective area left to explore is obviously of very high potential. The PCH Project
Appia’s PCH Project-Goias, Brazil
Additional news: Appia has also just announced the hiring of a market maker company in order to monitor and assist in maintaining an orderly market in their shares. The company is called Generation IACP and is based in Toronto.
Press Release:
More additional news: Another significant development is the addition of a new VP of Exploration for Brazil operations, Mr Andre Costa. ” Mr. Costa will oversee the ongoing development of the Company’s PCH Ionic Adsorption Clay project located in Goias, Brazil.” As a consultant to a company called G21 Mr Costa has overseen various projects in Brazil including work for TSX/V listed Aclara Resources also in Goias state, managed exploration work for Codelco, exploratory and drilling work for Lithium Ionic, exploration work for Largo as well as Eco Mining and Bemisa. Therefore he has worked on many projects in various parts of Brazil and has extensive experience in the exploration field, making him an ideal candidate at an ideal stage of Appias development in that country. In total Mr. Costa has 29 years of experience including 9 years in Canada with a stint as Resident Geologist at the Saskatchewan Geological Survey. Saskatchewan happens to be where Appias other rare earth exploration project Alces lake is located, so very good synergy there as well.
APPIA ANNOUNCES APPOINTMENT OF MR. ANDRE COSTA AS NEW VP EXPLORATION FOR BRAZIL OPERATIONS
All in all some great things happening at Appia and with the current state of the junior exploration markets still undervalued and under appreciated, there seems to be plenty of room for upside in their market valuation.
The editor of this article has owned shares in Appia pre-public and continues to hold.
Disclaimer, the editor may buy or sell shares at any time.
PDAC Conference 2024 on March 3-6 in Toronto
It is time again for Toronto’s world renowned mining conference to take place for 2024!
The Prospectors and Developers Association of Canada is the world’s leading mining conference and it happens every year in downtown Toronto. It started in 1932 and has grown to host more than 1,100 exhibits and 700 speakers with over 30,000 people attending yearly.
PDAC 2024: The World’s Premier Mineral Exploration & Mining Convention is the leading event for people, companies and organizations connected to mineral exploration.
The annual award winning PDAC Convention in Toronto, Canada brings together up to 30,000 attendees from over 130+ countries for its educational programming, networking events, business opportunities and fun.
Last year (2023) the conference was getting back to normal after the effects of recent years.
The time slot is back to the regular time of March this year, the usual time slot over the years with an exception made in 2022 of course for the pandemic.
The official PDAC date this year is from Sunday March 3rd until Wednesday March 06 2024.
The exploration sector has been as active as any time we have seen it over the past 25 or so years.!
Metals are more in demand than ever, and more and different kinds of metals are now required to build out a carbon free existence on our wonderful planet.
Rare earths and lithium exploration discoveries have been center stage for several years now as these minerals are must haves for the electric vehicle industry which has been growing by leaps and bounds, led by Tesla of course in case you happen to be hiding under a rock somewhere…
This has spurred on intense exploration efforts from exploration companies since the rewards are very high and immediate if they can find economic deposits of these more recently in demand metals.
Of course the more traditional minerals such as silver and gold are just as in demand as ever, even more so as many millions join the middle class throughout the planet
With the usual blend of exploration companies, service providers, equipment manufacturers and financiers, we expect this years PDAC to be as busy as any previous years with much business transacted.
There will be many talks, meetings, educational events, awards and a refreshing beverage or two will be shared as participants from all over the globe congregate.
We hope to see you there!
The official address is the Metro Convention Center, North Building location located at 255 Front Street West, two blocks west of York Street.
The South Building entrance is located at 222 Bremner Boulevard, one block north of Lakeshore Boulevard, west of York Street.
Canadian Junior Report
Appia Rare Earths and Uranium Corp. in Brazil
(CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0)
Appia Rare Earths and Uranium company continues to report quite astonishing results from their PCH Property located in the state of Goias Brazil. This is a very favourable mining country and the property is in a very favourable district with 5 mines apparently located nearby and infrastructure also located very close. 
The company has recently launched a new website where extensive media interviews, property descriptions and of course all press releases can be accessed. The website link is here: Appia Website .
The short report on the PCH property so far:
- High grade rare earths in ionic clay close to surface.
- Easily mineable with no radioactive waste elements to process.
- Favourable mining laws in Brazil make getting permits much quicker
- Highest grades reported of any recent RE deposit from Target IV
- Target IV consists of 193.28 hectares of the total 40,963-hectare project
- Company is working on a Maiden Resource Estimate (MRE) soon
(hopefully in time for PDAC 2024) - Mineralization extends into the hard rock below the clay and is open at depth
The company states:
“We have taken significant strides in advancing the PCH Rare Earths Ionic Clay Project by enlisting the services of SGS Geological Services (SGS) to prepare a comprehensive NI 43-101 technical report and maiden Mineral Resource Estimate (MRE) focused on Target IV, which consists of 193.28 hectares of the total 40,963-hectares. The project consists of 22 claims and holds immense potential for mineral exploration within a region known for its robust infrastructure and mining activity.”
-Stay tuned for more exciting news from Appia regarding the PCH Project, plus their Alces Lake rare earths project in Saskatchewan as well as exploration on their various uranium targets in Sask.
——————————————————————-
The editor of this article has owned shares in Appia pre-public and continues to hold.
Disclaimer, the editor may buy or sell shares at any time.
Latest Video: Appia Rare Earths and Uranium Corp.
Appia has been very busy with 2 drill campaigns happening simultaneously currently in 2023.
ALCES LAKE SASKATCHEWAN:
One is the Alces Lake Rare Earth Project located in northwest Saskatchewan. This is the 2nd year of serious diamond drill exploration on the property and the company is about to start releasing results from the summer/fall drilling.
PCH PROJECT BRAZIL:
A very fortuitous gain of an ionic clay PCH Rare Earth Project in Goias Brazil has also been keeping the company busy drilling. Assay results are just beginning to be delivered from this property also and they are looking excellent. They have gone deeper and have been rewarded, and also plan to explore much more of the property.
Exciting times for the company and management who have been working diligently on developing rare earth prospects for some years now. Congratulations that the hard work is paying off.
Here is a link to the Latest Appia Video with CEO Tom Drivas, (Oct 24 202).
This video is over an hour long and provides a comprehesive view of the latest company updates.
Disclaimer: Editor holds shares in Appia and was an original investor in the 1st financing.
Mines and Money 2023
The annual Mines and Money conference could be considered the next significant mining event upcoming up in 2023. It is happening in London England as per usual, this year it takes place from Nov 28th to Nov 30th. Mines and Money/London website link
-Observing this conference can be a good way to “take the temperature” of the junior mining exploration. industry, especially as a precursor to the annual PDAC condference which happens early every March in Toronto.
-Keeping an eye on awards given out at Mines and Money, plus who is getting financed and which sectors are popular can give investors some valuable clues as to where the overall industry is heading.
We will be watching Mines and Money 2023 with a keen eye this year!
Junior Exploration Companies 2023 Update
After experiencing what appears to be a bottoming phase in market cap/share prices prices in October 2023, it appears that the worst may be over for investors in the junior company exploration sector.
The market caps of many of the companies on the junior exchanges have risen 20% to 100% or more and many have held their gains – much to the relief of battered investors.
There are various reasons for the cyclical nature of this sector, some easier to identify than others.
The demand for traditional as well as more exotic minerals is not going away anytime soon it appears. In fact there is incredible demand for some metals and minerals in our current technological society.
-For example the demand for lithium hydroxide seems to know very few bounds and the price has soared to $79,000.00 per ton (U.S).
Lithium Chart- Feb 01, 2023
Lithium is used in batteries for the electric vehicle market and this has spurred a major amount of exploration activity for new lithium deposits around the globe.
-Demand for copper is reportedly going to reach unheard of numbers in the near future as well, although price has not really reflected that as of yet. As seen on the internet, a report from S&P Global forecasts that “global demand for the metal could double by 2035, from 25 million metric tons to 50 million metric tons.”
The report also stated that “by 2030, supply from both existing and projected copper mining activities will meet just 80% of our needs.”
Copper Charts from Kitco.com
-In fact all of the minerals used in electric vehicles such as copper, aluminum, manganese, indium, rare earth elements, helium, cobalt, graphite and potash are apparently much needed in our society moving ahead.
-This is not even mentioning the uranium sector which is really a great solution for a lot of our energy problems according to many experts in the field, as the carbon generation is virtually non-existent with nuclear energy.
-So in speaking for weary investors, we say let the good times return to this sector, it has been a long wait!!