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As Appia Uncommon Earths and Uranium(CSE:API,OTCQX:APAAF) undergoes a due diligence course of in its bid to purchase 70 % of a uncommon earths ionic adsorption clay asset in Brazil, President Stephen Burega is touting the significance of such an addition to the corporate’s uncommon earths portfolio.
“It could make us one in every of only a few corporations on this planet which have each heavy uncommon earths property, in addition to mild uncommon earths property,” Burega stated. “We’ll have the subsequent 90 days to do our due diligence, however we’re very, very excited concerning the potential, and it is in the suitable location, very near some near-term ionic clay manufacturing.”
He additionally famous the importance of probably growing an ionic clay uncommon earths asset outdoors of China.
“The vast majority of the ionic clay property have been held in and managed by China, and people which might be outdoors of China have been owned by Chinese language pursuits, for essentially the most half,” he stated. “So figuring out an ionic clay asset of this sort is of very strategic significance to the heavy uncommon earths aspect of the enterprise. And we really feel that Brazil is a kind of few areas on this planet that truly does have ionic clays as a recognized amount.”
Watch the total interview with Stephen Burega, president of Appia Uncommon Earths and Uranium, above.
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