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The uranium and rare earth element sectors are on the radars of many investors now and for good reason too, given the far-reaching implications. Hence, it is only natural that investors are increasingly looking for options in the sector and one company that may well be worth tracking is Appia Rare Earths & Uranium Corp (API.C) (OTCQX:APAAF).

At the moment, the Canadian company is focused on delineating high-grade critical rare earth element and gallium at the Alces Lake property. Additionally, it is also exploring high-grade uranium at the Athabasace Basin at four of its properties.

Appia Rare Earths & Uranium announced on July 5 that it had concluded the first phase of its 2023 drilling imitative at the Magnet Ridge Zone. The objective of the drilling had been to test the extent of mineralization to the south-southeast (SSE) zone of the property. The President of the company, Stephen Bunega, spoke about the matter as well.

He announced that in the above-mentioned phase, the company completed 11 step-out holes from eight different collars. More importantly, he went on to add that the company had witnessed the mineralization of considerably thicker intercepts at the property.