Appia Energy Corp (OTCMKTS:APAAF) was in focus in the Monday’s trading session as the stock went almost 10% after the news.
Market Reaction
On Monday, APAAF stock went up 9.44% to close at $0.8200. Volume was hefty with more than 577K million shares traded hands, compared to its average volume of 147K shares. The stock moved in a range of $0.7500 – 0.9560 after opening at $0.7643.
Major Trigger:
Appia Energy Announces Appointment of Global Rare Earths Expert Jack Lifton as Strategic Adviser to the Company
Key Highlights:
- announce that global rare earths expert, Jack Lifton, has agreed to join the Company as a consultant and Advisor to the Board of Directors of Appia.
- Jack is a consultant, author, and lecturer on the market fundamentals of technology metals. Technology metals is a term that he coined to describe strategic metals whose electronic properties make our technological society possible. These include the rare earths, the platinum group metals, lithium, graphite and most of the rare metals and materials. Jack is the leading rare earths expert in the US and he also advises the US Department of Energy as well as other companies.
Key Quote:
Tom Drivas, CEO of Appia commented, “We are delighted that Jack has agreed to bring his unheralded knowledge of the rare earths industry to Appia as a Strategic Advisor. Appia is at a pivotal moment in its exploration/exploitation program on our flagship Alces Lake critical rare earth elements (“CREE”) project. In addition to having discovered one of the world’s potentially highest-grade monazite deposits, Appia is committed to being a key player in the development of a new global supply chain for rare earth elements that are in short-supply and high-demand for use in permanent magnets and modern electronic applications such as electric vehicles and wind turbines, (i.e: neodymium (Nd), praseodymium (Pr) dysprosium (Dy), and terbium (Tb)).”
