Desk · Exploration · Mixed basket
CSE:API · APAAF · OTCQX
Appia Rare Earths & Uranium
Alces Lake (Saskatchewan) high-grade monazite plus Elliot Lake uranium-REE heritage. Grade spikes, not a development plan.
Stalled
Pulse Timeline
Isoelectric line is the baseline Pulse. Spike height is catalyst strength. Wide gaps or a flat line = stalled progress / life support.
- 1) 12-01 MRE
Lead II · 25 mm/s · Pulse 10 mm/mV · snapshot 2026-08-22
Life support
Isoelectric. No material beat in the window. A listing is not vitality.
- Last beat
- —
- Beats / 90d
- 0
- Recent gap
- —
0 beats in 180d
- — No dated beat in the trailing window.
- — Next: Anything that looks like a bulk resource rather than a vein (101d).
Trading
- Last
- C$0.190
- 1d
- +0.2%
- Mkt cap
- $16M
- Volume
- 119k
- 52-week
- C$0.05 – C$0.22
- 1m
- —
- 3m
- —
- 1y
- —
Shares — · snapshot, not a live tape
Company & people
HQ
Toronto, Ontario
Focus
Mixed basket · Monazite / HMS
CEO Tom Drivas
- Tom Drivas, CEO
Mine / project
Flagship
Alces Lake
Location
Saskatchewan / Ontario · Canada
Deposit
Monazite (very high-grade veins) + U-REE
Resource
Spectacular grades over narrow structures. Not a bulk carbonatite. Uranium is in the name for a reason.
Radioactivity
High U/Th — licensing is part of the thesis
Capital, loans, grants & support
None the desk is willing to count yet.
The Pulse
High-grade photos, uranium baggage, no PEA that the desk can underwrite. OTCQX (APAAF) is access. Keep it as a Saskatchewan monazite wildcard, off the strongest list.
CSE + OTCQX (APAAF ~US$0.14). Bid is not close. A bulk resource would matter more than the US ticker.
Next: 1 Dec 2026 — Anything that looks like a bulk resource rather than a vein
Nasdaq path
Home listing is not Nasdaq. Bid price, registration, and a real asset gate are.
- 01 · DoneCSE listing
Primary listing API. Alces Lake is high-grade monazite veins, not a bulk carbonatite.
- 02 · DoneOTCQX (APAAF)
Best-market OTC. Last ~US$0.14 on 119k shares — a real US print.
- 03 · DoneDTC eligibility
OTCQX. Settlement is not the constraint.
- 04 · LiveUS holder tape
Ultra USA 25% interest and Brazilian REE optionality are the US story. Uranium is the baggage.
- 05 · NextBulk resource, not a vein1 Dec 2026
Spectacular grades over narrow structures. That is not a listing file.
- 06 · GapSEC registration
No 40-F. OTCQX is access.
- 07 · GapNasdaq $4 bid
APAAF ~US$0.14. ~28× below.
- 08 · GapNasdaq application
No. A bulk MRE would change this. Vein photos will not.
Catalysts
Anything that looks like a bulk resource rather than a vein
Desk note
Stays on this device. Not the press release.
Pulse = Catalyst proximity + government/strategic support + Nasdaq-path / listing signals + valuation & execution + stage progress. Method