- Appia Energy Corp. (API) has announced today that high-grade gallium has been reported from all zones on the company’s Alces Lake property
- The levels of gallium mineralization found on the property are some of the highest in the world
- Gallium is used in the production of many green/clean energy technologies
- Appia Energy Corp. operates as a mineral exploration company in Canada that explores uranium and rare earth elements
- Appia (API) is currently down 4.92 per cent at C$0.58 per share
High-grade gallium has been reported from all rare earth element zones on Appia Energy's Alces Lake property in Saskatchewan.
The announcement follows an earlier study that showed that the monazite found on the Alces Lake property was a host for gallium and other rare earth elements.
High-grade gallium is considered anything greater than 0.01 wt%. Results from the recent study at Alces Lake shows gallium concentrations that range from 0.01 to 0.104 wt%.
Appia’s President, Frederick Kozack, commented, saying that "the gallium concentrations on the property are remarkable.”
“The presence of gallium in the high-grade REO system on the Alces Lake property helps distinguish the property as a potential world-class asset for high-valued critical elements required for sustainable production of advanced technological applications,” Mr. Kozack added.
The current price of high-grade gallium metal (99.99%) is US$376.71/kg.
The most common use of gallium is in the production of cell phones, laser diodes, semiconductors, solar energy materials, and military defense. It is one of several elements deemed “critical” by the United States Government.
The significant growth seen in the clean energy technology sector could lead to bottlenecks in the gallium supply chain. The discovery of the levels of gallium found at the Alces Lake property is a significant development in the global production of the element.
Since detailed exploration began at Alces Lake in 2017, a total of seventy-four REE, gallium and uranium bearing surface zones and occurrences have been discovered on the property. The property encompasses some of the highest-grade total and critical rare earth elements and gallium mineralization in the world.
Appia is planning to aggressively explore the property during the summer months of 2021. The company is fully-funded and committed to completing the largest exploration and diamond drilling program on the property to date.
Appia Energy Corp. operates as a mineral exploration company in Canada that explores uranium and rare earth elements. The company holds interests in the Elliot Lake and Athabasca Basin properties.
Appia (API) is currently down 4.92 per cent at C$0.58 per share, as of 12:39 pm ET.