Aug. 7 at 8:06 PM
$APAAF it’s too early to tell on Alces Lake…100% dependent on assay results in a week.
Now, I said Alces Lake updates would come first…I was correct. PCH updates are next (2-4 weeks or so away I would guess) and will most likely be the S-K 1300 on the IAC and, hopefully, the accompanying PFS very close behind. Once the PFS is complete, expect Ultra to IPO for ~
$500M USD and for Appia to hold 25% on their books. Watch the SEC EDGAR site for S-1 updates from Ultra Rare Earths Inc. 3-4x from here upon Ultras IPO is feasible.
The Otherside updates will be later in Q4 for a JV. I would be shocked if Appia didn’t negotiate some very good terms as their cash position is strong and those are some very, very sweet intercepts indeed. Spartan MT surveys are the gold standard for Athabasca basin exploration…glad Appia spent the extra money to get such great results.
Apologies for the typos earlier this morning in my previous posts…shame on me.
Enjoy the weekend all!!