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Tom Drivas

Sep 8, 2026

0:58
So, Tom, let's start with what's happening with Ultra Rare Earth with your Brazil project.
1:05
Ultra is basically exploring the Brazilian project.
1:13
They're drilling with six drills right now.
1:17
The last few months, Ultra completed a SK 1300 report.
1:25
which is a resource report for U.S. companies or U.S. listings.
1:33
And that's for the hard rock, the carbon titic part of the mineralization on the property.
1:43
Their plan is for the next couple of months to come up with another resource on the ionic clay part of the rare earth on the project.
6:15
What do you have planned? What is the focus?
1:44
what we're working on right now is we're drilling our Alsace Lake project in northern Saskatchewan.
1:51
It's a high-grade rare earth project.
1:54
It's rare earth and monazite.
1:57
And it's a highly unusual property.
2:03
Because we get monazite on surface, chunks of monazite on surface, with over 85% monazite, which is highly unusual.
2:12
It's one of the highest grade occurrences, certainly in Canada, North America, and maybe perhaps in the world, too.
2:20
And we're getting up to 50% rare earths.
3:53
It seems like the company's really set up for some growth as soon as we get all these projects together.
0:30
Uh, tell us about the Ultra, uh, project there and Appia's involvement, and, um, a little bit of history on how you got to Brazil and, uh, uh, why Brazil and, uh, all the, uh, new updates in Brazil.
0:45
Uh, Darren, about two or three years ago, about three years ago, I, I sensed that, uh, Brazil would be, uh, a very exciting place, a, a very good place to, uh, look for, um, uh, rare earths, especially ionic clay rare earths.
1:03
And, uh, at that time looked for some, uh, interesting projects down there, and I, um, uh, Appia, um, um, picked up a pro- uh, uh, uh, an opportunity, had found an opportunity there and we, uh, uh, did a deal with the, a, a Brazilian, uh, group, uh, uh, um, to earn 70% of a project down there.
1:28
It's, uh, it was a, a, an ionic clay project.
1:32
Um, we spent, uh, the la- first year we spent about a million dollars, um, US, and we came up with our first resource, uh, 43-101 resource on the pro- on that project.
1:45
Um, and, uh, then, uh, the following year we did some more work and, and, uh, we, uh, advanced the project.
1:55
We came up with, uh, in addition to the, to the ionic clay pot- uh, uh, uh, rare earths there, we found out there is also hard rock, uh, rare earths u- underneath the ionic clay, uh, in terms of, uh, carbonatitic, uh, uh, rare earths.

11 MINS LATER

12:46
Uh, we don't hear as much about that, but tell us about the Elliot Lake, uh, uranium and rare earth.

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