Appia Rare Earths And Uranium Corp (API)

Appia Identifies Three High-Priority Drill Targets at Its Otherside Uranium Property Similar to the McArthur River Ingress/Egress Deposit ModelJune 29, 2026 7:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - June 29, 2026) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce that newly processed SPARTAN Magnetotelluric ("MT") survey data along 3 lines (Figure 1) has been received. The Company views the newly processed MT results, in combination with their previous geophysical datasets, as extremely encouraging. After initial review, they have identified a highly prospective drill target corridor on Line 2 at the Company's 100 percent owned Otherside Uranium Property (the "Property") in Saskatchewan's Athabasca Basin, where targets P-09, P-09A, and P-10 (Figure 1) occur within a major electromagnetic (EM) conductor break/offset that displays some geophysical similarities to the structural setting of Cameco's McArthur River uranium deposit.Cameco's McArthur River uranium mine is the world's largest super high-grade uranium mine and remains one of the Athabasca Basin's premier uranium operations.Line 2 cuts across the central break of the approximately 49-km long Otherside conductor trend. This area has been a key part of Appia's exploration thesis since the Property was originally staked several years ago, as the large conductor offset near the center of the claim block was recognized as a potentially favourable structural setting for Athabasca-style unconformity-type uranium mineralization.The newly processed MT data has now provided stronger support for the Company's original interpretation. Within the area of the conductor break surveyed by Line 2, and specifically in the area of proposed drill targets P-09, P-09A, and P-10, the data has identified a combination of geophysical features (Figure 2) that Appia considers highly prospective. These include:high-density chimney-like responses within the sandstone column,relatively low magnetic response,a deep wide basement EM conductor system, (more than 3 km depth),two or more interpreted faults,an approximate 100-meter offset in the unconformity (potential structural geochemical trap) at ~ 700-800 meters depth, resulting from an interpreted thrust fault.Tom Drivas, CEO of Appia, commented:
"The newly processed MT data from Line 2 has identified what we believe is the most compelling drill target area at Otherside. Drill targets P-09, P-09A, and P-10 occur within a major conductor break and display several geophysical features that strengthen our original uranium exploration model for the Property. This exciting development is pointing us toward a focused target area with characteristics reminiscent of Cameco's world-renowned McArthur River super high grade uranium deposit, and we are eager to advance the Property toward drilling as soon as possible."The above-mentioned combination of geophysical features provides a strong rationale for drill testing. At McArthur River, uranium mineralization is associated with the P2N Thrust Fault and associated P2 North conductor, where unconformity offset, sandstone fracturing, alteration, and structurally controlled mineralization occur near the contact between crystalline basement rocks and the overlying Athabasca sandstone (Figure 3). The Line 2 target area at Appia's Otherside Uranium Property displays a similar combination of key geophysical features, which further supports the Company's view that this area represents a high-priority drill target.The physical responses of the chimney-like structures at the Property signify highly altered, dense quartz-rich zones indicative of a major hydrothermal fluid pathway. High concentrations of tourmaline (e.g., magnesium-rich dravite with a density of 3.03 to 3.18 g/cm³) combined with pervasive silicification decrease porosity and significantly increase rock density. This signature points toward major hydrothermal fluid movement within/near a fault system(s) with alteration halos of tourmaline, quartz, and illite, a primary vector for unconformity-type uranium deposits, like the McArthur River ingress/egress type (Figure 4).Other notable anomalies along Line 2 also appear to display interpreted chimney-like geophysical features extending upward from depth toward the surface or near-surface environment. These features may represent potential structural pathways for hydrothermal fluids and could indicate favourable conditions for additional unconformity-type uranium mineralization. The processed data from Lines 1 and 3 are currently under further development and analysis. However, based on the current interpretation, Line 2 has emerged as the immediate top priority area for follow-up exploration drilling.Appia is open to strategic partnership opportunities that may assist in advancing the Property through the next phase(s) of exploration.Figure 1 - MT Survey Lines and Drill Targets - Otherside Uranium Property, Saskatchewan. Source: Google Earth Satellite Image - QGISTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/303213_7fc146fe942eebda_001full.jpgFigure 2 - Line 2 - Magnetotellurics, density, and magnetic survey anomalies showcasing a geological setting that may be indicative of an ingress/egress-type mineralization model similar to McArthur River's prolific uranium deposit.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/303213_7fc146fe942eebda_002full.jpgFigure 3 - Resistivity model from the McArthur River AMT dataset (Tuncer et al., 2006). Image modified by Appia on June 24, 2026. Click here for the full report.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/303213_appia3.jpgFigure 4 - Typical egress-type deposit models in the Athabasca Basin (Jefferson et al., 2007). Unconformity fault break and conductive pathway coinciding with Otherside geophysical signatures. Click here for the full report.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/303213_7fc146fe942eebda_007full.jpgFigure 5 - Regional Athabasca Basin gravity map. Major Athabasca Basin Uranium Deposits Associated with the Same Regional Gravity Low Trend as Appia's Otherside Uranium Property. Saskatchewan GeoAtlas Bouguer Gravity Map.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/303213_7fc146fe942eebda_008full.jpgReferencesGovernment of Saskatchewan. Saskatchewan Bouguer Gravity Map. Saskatchewan GeoAtlas, 
Government of Saskatchewan, accessed 24 June 2026. GeoAtlas, 
gisappl.saskatchewan.ca/Html5Ext/index.html?viewer=GeoAtlas.Google Earth. Otherside Uranium Property, Saskatchewan, Canada. Google, 2024, accessed 24 June 2026. Jefferson, C. W., D. J. Thomas, S. S. Gandhi, P. Ramaekers, G. Delaney, D. Brisbin, C. Cutts, P. Portella and R. A. Olson, 2007. Unconformity associated uranium deposits, in Jefferson, C.W., and Delaney, G., eds., EXTECH IV: Geology and Uranium EXploration TECHnology of the Proterozoic Athabasca Basin, Saskatchewan and Alberta: Geological Survey of Canada, Bulletin 588 (also Saskatchewan Geological Society, Special Publication 18; Geological Association of Canada, Mineral Deposits Division, Special Publication 4). Tuncer, V., M. J. Unsworth, W. Siripunvaraporn and J. A. Craven, 2006. Exploration for unconformity type uranium deposits with audio magnetotelluric data: A case study from the McArthur River Mine, Saskatchewan (Canada), Geophysics, 71 (6), B201 - B209. About the Otherside Project The Otherside Project is strategically located within the prolific, uranium-bearing Athabasca Basin of Saskatchewan, Canada. This area is renowned for its significant uranium deposits and conditions that have historically led to major high-grade uranium discoveries.The Otherside Property shares similar geological and geophysical signatures to known high-grade, large-tonnage uranium deposits like McArthur River's world-renowned uranium deposit. Such signatures include long structural corridors hosting multiple conductors with associated magnetic gradients and gravity low areas. Otherside's property area is 10,441.88 hectares and is 100% owned by Appia. Qualified PersonThe technical content in this news release was reviewed and approved by Dr. Irvine R. Annesley, P.Geo., Senior Exploration Advisor of Appia and a Qualified Person as defined by National Instrument 43-101.About Appia Rare Earths & Uranium Corp. Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company holds a 25% interest in Ultra Rare Earth Inc. ("Ultra USA") and Ultra USA indirectly holds a 100% interest in the Ultra Hard Rock and Ultra IAC Projects, which total 42,932.24 ha. in size and are located within the state of Goiás in Brazil (see June 1, 2026 Press Release here).The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property and exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.Appia has 194.9 million common shares outstanding, 206.6 million shares fully diluted.Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.For more information, visit www.appiareu.com As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (X,?Facebook,?LinkedIn)?please feel free to send direct messages.Contact:Tom Drivas
CEO and Director
(416) 876-3957
tdrivas@appiareu.comJason Bagg
VP Corporate Development
(647) 874-5278
jbagg@appiareu.com  To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303213 Original: Appia Identifies Three High-Priority Drill Targets at Its Otherside Uranium Property Similar to the McArthur River Ingress/Egress Deposit Model

Appia Mobilizes for 3,300-Meter Summer Drill Program at the Alces Lake Rare Earth Elements PropertyJune 4, 2026 7:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - June 4, 2026) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce that mobilization has commenced for its approximately 3,300-metre, 9-hole diamond drill program at the Company's 100%-owned Alces Lake Rare Earth Elements ("REE") Property in northern Saskatchewan.Initial mobilization began on May 29, 2026, with camp personnel arriving on site to prepare the Alces Lake exploration camp for the upcoming summer program. Geologists, drilling crews and support personnel are expected to mobilize following completion of camp setup and site preparations, which are anticipated to be finalized within approximately one week.The 2026 summer drill program is designed to evaluate several high-priority REE targets (Figure 1) identified through Appia's 2025 ground gravity survey, which refined and enhanced target areas initially outlined by the Company's 2024 airborne gravity gradiometer survey. Targets 1, 5, 6 and 7 (Figures 2 to 5) have been prioritized based on their strong geophysical similarities to the high-grade WRCB mineralized zone and the large near-surface Magnet Ridge discovery.The planned program will consist of approximately 3,300 metres of drilling across nine diamond drill holes targeting depths ranging from 300 to 500 metres. The objective is to test the potential continuation of REE-mineralized lithological packages at depth and along strike within the regional northwest-southeast structural corridor that hosts several of the property's key mineralized zones, including WRCB and Magnet Ridge."We are excited to begin our 2026 summer exploration program at Alces Lake," said Tom Drivas, Chief Executive Officer and Director of Appia. "This drill program is designed to test high-priority REE targets at depth that exhibit strong geophysical similarities to the known WRCB and Magnet Ridge mineralized zones. With camp mobilization now underway, we look forward to advancing the project and commencing drilling on these compelling targets."The Alces Lake Property hosts some of the highest-grade rare earth element mineralization identified in Saskatchewan. The property covers approximately 38,522 hectares in northern Saskatchewan and is enriched in critical rare earth elements including neodymium, praseodymium, dysprosium and terbium, which are essential components in permanent magnets used in electric vehicles, wind turbines and advanced electronic technologies.The Company will make an announcement once drilling commences and will provide ongoing results as they are received.Figure 1 - Alces Lake High-Priority Drill Target Zones (Blue) - Alces Lake, SaskatchewanTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/300065_d372b62f94c76a60_001full.jpgFigure 2 - Target 1: Proposed drill holes AL-2025-10, 10aTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/300065_d372b62f94c76a60_002full.jpgFigure 3 - Target 5: Proposed drill holes AL-2025-006, 006aTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/300065_d372b62f94c76a60_003full.jpgFigure 4 - Target 6: Proposed drill holes AL-2025-007, 007aTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/300065_d372b62f94c76a60_004full.jpgFigure 5 - Target 7, Proposed drill holes AL-2025-008, 008a, 008bTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/300065_d372b62f94c76a60_005full.jpgAbout the Alces Lake Project The Alces Lake project encompasses some of the highest-grade total and critical* REE and gallium mineralization in the world, hosted within several surface and near-surface monazite occurrences that remain open at depth and along strike.* Critical rare earth elements/oxides (CREO) are defined here as those that are in short-supply and high-demand for use in permanent magnets that enable modern electronic applications such as electric vehicles and wind turbines. The "magnet alloy" CREO are neodymium (Nd), praseodymium (Pr), dysprosium (Dy) and terbium (Tb).The Alces Lake project is located in northern Saskatchewan, the same provincial jurisdiction that the Saskatchewan Research Council (SRC) is developing a "first-of-its-kind" rare earth processing facility in Canada. The Alces Lake project area is ~ 38,522 hectares (~95,191acres) in size and is 100% owned by Appia.The technical content in this news release was reviewed and approved by Dr. Irvine R. Annesley, P.Geo., Senior Exploration Advisor of Appia and a Qualified Person as defined by National Instrument 43-101.About Appia Rare Earths & Uranium Corp. Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company holds a 25% interest in Ultra Rare Earth Inc. ("Ultra USA") and Ultra USA indirectly holds a 100% interest in the Ultra Hard Rock and Ultra IAC Projects, which total 42,932.24 ha. in size and are located within the state of Goiás in Brazil (see June 1, 2026 Press Release here).The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property and exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.Appia has 194.9 million common shares outstanding, 206.6 million shares fully diluted.Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.For more information, visit www.appiareu.com As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (X,?Facebook,?LinkedIn)?please feel free to send direct messages.Contact:Tom Drivas
CEO and Director
(416) 876-3957
tdrivas@appiareu.comJason Bagg
VP Corporate Development
(647) 874-5278
jbagg@appiareu.com  To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300065 Original: Appia Mobilizes for 3,300-Meter Summer Drill Program at the Alces Lake Rare Earth Elements Property

Appia Announces Closing of Share Exchange with Ultra Rare Earth Inc.June 1, 2026 7:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - June 1, 2026) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A010) (MUN: A010) (BER: A010) (the "Company" or "Appia") is pleased to announce that further to its Press Releases dated November 3, 2025 and May 22, 2026, it has completed the transactions contemplated by the Share Exchange Agreement dated May 21, 2026 (the "Agreement") among the Company, Ultra Rare Earth Inc. ("Ultra USA"), Ultra Rare Earth Bahamas Limited ("Ultra Bahamas"), Beko Invest Ltd. ("Beko"), Antonio Vitor Junior ("Antonio"), and Ultra Brasil Rare Earths Mineração Ltda. ("Ultra Brasil"). Pursuant to the Agreement, Appia and Antonio transferred their respective twenty-five percent (25%) equity interests (quotas) in Ultra Brasil to Ultra USA in exchange for shares of Ultra USA Common Stock (the "Share Exchange"). As a result of the Share Exchange, Ultra USA, through its wholly-owned subsidiary Ultra Bahamas, holds one hundred percent (100%) of the equity in Ultra Brasil. Appia holds a twenty-five percent (25%) equity interest in Ultra USA.Ultra Brasil is engaged in the exploration and development of rare earth mineral resources in the Federative Republic of Brazil, including the Ultra Hard Rock Carbonatite Target and the Ultra IAC Target (the "Property") located in the Tocantins Structural Province of the Brasília Fold Belt, Goiás State, Brazil. Transaction SummaryPursuant to the Agreement:Appia transferred its twenty-five percent (25%) interest in Ultra Brasil (the "Appia Interest") to Ultra USA in exchange for 2,342,500 shares of Ultra USA Common Stock (the "Appia Exchange Shares"). Antonio transferred his twenty-five percent (25%) interest in Ultra Brasil (the "Antonio Interest") to Ultra USA in exchange for 2,342,500 shares of Ultra USA Common Stock being issued to Beko as directed by Antonio (the "Beko Exchange Shares") .Ultra USA then transferred its fifty percent (50%) interest in Ultra Brasil to Ultra Bahamas, resulting in Ultra Bahamas owning one hundred percent (100%) of the equity in Ultra Brasil.Following the Share Exchange, Ultra USA has 9,370,000 shares of its Common Stock issued and outstanding, with each of Appia and Beko holding 2,342,500 shares of Ultra USA Common Stock, representing twenty-five percent (25%) of the issued and outstanding shares of Ultra USA Common Stock. In connection with the Share Exchange, the Quotaholders' Agreement dated October 31, 2025, among Ultra Bahamas, Ultra USA, Appia, Beko, Antonio, and Ultra Brasil has been terminated. Effective concurrently with the closing of the Share Exchange (the "Closing"), Tom Drivas, CEO of Appia, and Antonio were appointed to the board of directors of Ultra USA (the "Board"). The Board now consists of Michael Beck, Tom Drivas, Antonio, Stephen Dattels (Non-Executive Chairman of the Board) and Don Hains.Appia and Beko each have the right to appoint one director to the Board, provided that they continue to hold at least a five percent (5%) equity interest in Ultra USA. In addition, until the consummation of an initial public offering of Ultra USA Common Stock registered under the United States Securities Act of 1933, as amended (the "US Securities Act"), each of Appia and Beko have a Pre-Emptive Right to purchase their pro rata proportion of any shares of Ultra USA Common Stock issued on a private placement basis by Ultra USA.Ultra USA granted 702,750 options to purchase shares of Ultra USA Common Stock on Closing (the "Options"). 275,000 of the Options were granted to Tom Drivas in his role as a director of Ultra USA. Each Option is fully vested, has an exercise price of US$5.00, and is exercisable immediately until May 29, 2031.The issuance of the Appia Exchange Shares and the Beko Exchange Shares (collectively the "Exchange Shares") were effected in reliance upon exemptions from registration under the US Securities Act, including Regulation S promulgated thereunder. The Exchange Shares are "restricted securities" as defined in Rule 144 under the US Securities Act.While the prefeasibility study (the "PFS") on the Ultra IAC Project has not yet been completed, Ultra USA and Appia proceeded with the Share Exchange due to changing geopolitical considerations. Ultra USA is solely responsible for completing the PFS. About Appia Rare Earths & Uranium Corp.Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company holds a 25% interest in Ultra Rare Earth Inc. ("Ultra USA") and Ultra USA indirectly holds a 100% interest in the Ultra Hard Rock and Ultra IAC Projects, which total 42,932.24 ha. in size and are located within the state of Goiás in Brazil. The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property and exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.Appia has 194.9 million common shares outstanding, 206.6 million shares fully diluted.Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.For more information, visit www.appiareu.com.As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (X,?Facebook,?LinkedIn)?please feel free to send direct messages.Contact:Tom Drivas, CEO and Director(c) (416) 876-3957(e) tdrivas@appiareu.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/299599 Original: Appia Announces Closing of Share Exchange with Ultra Rare Earth Inc.

Appia Announces Signing of Share Exchange Agreement with Ultra Rare Earth Inc.May 22, 2026 7:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - May 22, 2026) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A010) (MUN: A010) (BER: A010) (the "Company" or "Appia") is pleased to announce that further to its Press Release dated November 3, 2025, it has signed a Share Exchange Agreement dated May 21, 2026 (the "Agreement") among the Company, Ultra Rare Earth Inc. ("Ultra USA"), Ultra Rare Earth Bahamas Limited ("Ultra Bahamas"), Beko Invest Ltd. ("Beko"), Antonio Vitor Junior ("Antonio"), and Ultra Brasil Rare Earths Mineração Ltda. ("Ultra Brasil"). Pursuant to the Agreement, Appia and Antonio will transfer their respective twenty-five percent (25%) equity interests (quotas) in Ultra Brasil to Ultra USA in exchange for shares of Ultra USA Common Stock (the "Share Exchange"). As a result of the Share Exchange, Ultra USA and its wholly-owned subsidiary Ultra Bahamas will collectively hold one hundred percent (100%) of the equity interests in Ultra Brasil, with Ultra USA holding fifty percent (50%) and Ultra Bahamas holding fifty percent (50%). Appia will hold a 25% equity interest in Ultra USA.Ultra Brasil is engaged in the exploration and development of rare earth mineral resources in the Federative Republic of Brazil, including the Ultra Hard Rock Carbonatite Target and the Ultra IAC Target (the "Property") located in the Tocantins Structural Province of the Brasília Fold Belt, Goiás State, Brazil. Transaction SummaryPursuant to the Agreement:Appia will transfer its twenty-five percent (25%) interest in Ultra Brasil (the "Appia Interest") to Ultra USA in exchange for 2,342,500 shares of Ultra USA Common Stock (the "Appia Exchange Shares"). Antonio will transfer his twenty-five percent (25%) interest in Ultra Brasil (the "Antonio Interest") to Ultra USA in exchange for 2,342,500 shares of Ultra USA Common Stock (the "Beko Exchange Shares") which Antonio will transfer to Beko (the "Beko Transfer").Immediately following the Share Exchange and Beko Transfer, Ultra USA will have 9,370,000 shares of Ultra USA Common Stock issued and outstanding, with each of Appia and Beko holding 2,342,500 shares, representing twenty-five percent (25%) of the issued and outstanding shares of Ultra USA Common Stock. In connection with the Share Exchange, the Quotaholders' Agreement dated October 31, 2025, among Ultra Bahamas, Ultra USA, Appia, Beko, Antonio, and Ultra Brasil will be terminated. Effective concurrently with the closing of the Share Exchange scheduled for early next week (the "Closing"), Tom Drivas, CEO of Appia, and Antonio will be appointed directors of Ultra USA. The board of directors of Ultra USA (the "Board") will consist of Michael Beck, Tom Drivas, Antonio, Stephen Dattels (Non-Executive Chairman of the Board) and Don Hains. Appia and Beko each have the right to appoint one director to the Board of Ultra USA, provided that they continue to hold at least a 5% equity interest in Ultra USA. In addition, until the consummation of an initial public offering of Ultra USA Common Stock registered under the United States Securities Act of 1933, as amended (the "US Securities Act"), each of Appia and Beko will have a Pre-Emptive Right to purchase their pro rata proportion of any shares of Ultra USA issued on a private placement basis by Ultra USA.Ultra USA will grant 702,750 options to purchase shares of Ultra USA Common Stock on Closing (the "Options"), of which 275,000 of the Options are to be granted to Tom Drivas in his role as a director of Ultra USA. Each Option will have an exercise price equal to the greater of US$5.00 and the fair market value of a share of Ultra USA Common Stock as of the date of grant, a five-year term, and will be fully vested and exercisable immediately upon issuance.The issuance of the Appia Exchange Shares and the Beko Exchange Shares (collectively the "Exchange Shares") will be effected in reliance upon exemptions from registration under the US Securities Act, including Regulation S promulgated thereunder. The Exchange Shares will be "restricted securities" as defined in Rule 144 under the US Securities Act.While the prefeasibility study (the "PFS") on the Ultra IAC Project has not yet been completed, Ultra USA and Appia are proceeding with the Share Exchange at this time due to changing geopolitical considerations. Ultra USA will be solely responsible for completing the PFS following Closing. About Appia Rare Earths & Uranium Corp.Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. Following the completion of the Share Exchange, the Company will hold a 25% interest in Ultra Rare Earth Inc. ("Ultra USA") and Ultra USA directly and indirectly will hold a 100% interest in the Ultra Hard Rock and Ultra IAC Projects, which total 42,932.24 ha. in size and are located within the state of Goiás in Brazil. The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property and exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.Appia has 194.9 million common shares outstanding, 206.6 million shares fully diluted.Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.For more information, visit www.appiareu.com.As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (X,?Facebook,?LinkedIn)?please feel free to send direct messages.Contact:Tom Drivas, CEO and Director(c) (416) 876-3957(e) tdrivas@appiareu.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/298540 Original: Appia Announces Signing of Share Exchange Agreement with Ultra Rare Earth Inc.

Appia Rare Earths & Uranium Corp. Qualifies for Third Consecutive Saskatchewan TMEI Grant of $70,910.87May 21, 2026 11:28 AM
NewsfileToronto, Ontario--(Newsfile Corp. - May 21, 2026) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce that the Company has qualified to receive a $70,910.87 grant through the Saskatchewan Targeted Mineral Exploration Incentive ("TMEI") program following its 2025 exploration work at the Alces Lake Rare Earth Elements (REE) Property in northern Saskatchewan.This marks the third consecutive year that Appia has qualified for funding through the TMEI program in connection with its REE exploration activities in Saskatchewan, further demonstrating the continued support received from the Government of Saskatchewan for Appia's critical mineral exploration efforts in the province.Saskatchewan TMEI Grant Approval - Alces Lake REE PropertyThe TMEI program provides eligible exploration companies with funding equal to 25% of qualifying exploration costs incurred in 2025 within Saskatchewan. The 2026 grant follows Appia's 2025 exploration program at the Alces Lake REE Property, which included ground gravity surveying, prospecting, geological mapping, and sampling. This work was designed to advance high-priority REE targets in anticipation for its upcoming diamond drilling program starting June 2026."On behalf of Appia, I would like to sincerely thank the Government of Saskatchewan for its continued support of mineral exploration in the province. Qualifying for the TMEI grant for a third consecutive year is an important recognition of Appia's ongoing rare earth element exploration work in Saskatchewan and allows us to continue reinvesting into the advancement of our critical mineral projects. Saskatchewan continues to demonstrate strong support in the development of rare earth elements, and we are pleased to be advancing our Alces Lake REE Property within this jurisdiction," said Tom Drivas, CEO of Appia.Use of FundsAppia intends to apply the $70,910.87 TMEI grant toward its upcoming 2026 summer diamond drilling program at the Alces Lake REE Property. The program is expected to begin in June 2026 and includes approximately 3,300 meters of diamond drilling across nine planned drill holes, designed to test priority REE targets refined through Appia's 2024 airborne gravity gradiometer survey and 2025 ground gravity, prospecting, mapping, and sampling work.For more information regarding the Saskatchewan Targeted Mineral Exploration Incentive (TMEI), please click here.For more information regarding the Saskatchewan Mineral Tenure Registry Regulations, please click here.About the Alces Lake Project The Alces Lake project encompasses some of the highest-grade total and critical* REE and gallium mineralization in the world, hosted within several surface and near-surface monazite occurrences that remain open at depth and along strike.Critical rare earth elements/oxides (CREO) are defined here as those that are in short-supply and high-demand for use in permanent magnets that enable modern electronic applications such as electric vehicles and wind turbines. The "magnet alloy" CREO are neodymium (Nd), praseodymium (Pr), dysprosium (Dy) and terbium (Tb).The Alces Lake project is located in northern Saskatchewan, the same provincial jurisdiction that the Saskatchewan Research Council (SRC) is developing a "first-of-its-kind" rare earth processing facility in Canada. The Alces Lake project area is ~ 38,522 hectares (~95,191acres) in size and is 100% owned by Appia.The technical content in this news release was reviewed and approved by Dr. Irvine R. Annesley, P.Geo., Senior Exploration Advisor of Appia and a Qualified Person as defined by National Instrument 43-101.About Appia Rare Earths & Uranium Corp. Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company holds a 25% interest in the Ultra Hard Rock and Ultra IAC Projects, which total 42,932.24 ha. in size and are located within the state of Goiás in Brazil. Ultra is obligated to acquire Appia's 25% interest in the Ultra Hard Rock and Ultra IAC Projects in exchange for a 25% equity interest in Ultra once a prefeasibility study has been prepared in respect of the Ultra IAC project and a mineral resource estimate has been prepared in respect of the Ultra Hard Rock project (see November 4, 2025 Press Release here).The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property and exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.Appia has 194.9 million common shares outstanding, 206.6 million shares fully diluted.Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.For more information, visit www.appiareu.com As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (X,?Facebook,?LinkedIn)?please feel free to send direct messages.Contact:Tom Drivas
CEO and Director
(416) 876-3957
tdrivas@appiareu.comJason Bagg
VP Corporate Development
(647) 874-5278
jbagg@appiareu.com  To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298399 Original: Appia Rare Earths & Uranium Corp. Qualifies for Third Consecutive Saskatchewan TMEI Grant of $70,910.87

Appia Plans a 3,300 Metre Summer Drill Program at the Alces Lake Rare Earth Elements PropertyApril 29, 2026 7:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - April 29, 2026) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to provide an update on its Alces Lake Rare Earth Elements (REE) Property in northern Saskatchewan, where the Company has finalized its exploration plans, logistics, and contractor arrangements for an approximately 3,300-metre, 9-hole diamond drill program, with mobilization scheduled to begin on or about May 29, 2026.The upcoming drill program is designed to test high-priority REE targets identified from Appia's recently announced 2025 ground gravity survey results at Alces Lake. The 2025 results refined and strengthened several target areas first outlined by the 2024 Airborne Gravity Gradiometer survey, with Targets 1, 5, 6, and 7 emerging as first-order priorities.Targets 1 through 7 were prioritized based on geophysical similarities to the high-grade WRCB zone and the large, near-surface Magnet Ridge zone. Appia intends to test these targets for the potential continuation of REE-mineralized lithological packages at depth and along strike the regional northwest-southeast structural corridor, the same corridor that hosts the property's prolific WRCB and Magnet Ridge zones.Tom Drivas, CEO and Director of Appia, commented:"Following the successful identification of several high-priority drill targets at Alces Lake, we are excited to move forward with our approximate 3,300-metre drill program this summer. With logistics now finalized, Appia is ready to take the next step in advancing the broader potential of the Alces Lake REE Property by drill testing targets at depths of approximately 300 to 500 metres that exhibit compelling geophysical similarities to the surface and near-surface WRCB and Magnet Ridge mineralized zones."The Company will make an announcement once drilling commences and will provide ongoing results as they are received.Figure 1 - Alces Lake High-Priority Drill Target Zones (Blue) - Alces Lake, SaskatchewanTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/294834_acf6311ba44758e3_001full.jpgFigure 2 - Target 1: Proposed drill holes AL-2025-10, 10aTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/294834_acf6311ba44758e3_002full.jpgFigure 3 - Target 5: Proposed drill holes AL-2025-006, 006aTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/294834_acf6311ba44758e3_003full.jpgFigure 4 - Target 6: Proposed drill holes AL-2025-007, 007aTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/294834_acf6311ba44758e3_004full.jpgFigure 5 - Target 7, Proposed drill holes AL-2025-008, 008a, 008bTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/294834_acf6311ba44758e3_005full.jpgAbout the Alces Lake Project The Alces Lake project encompasses some of the highest-grade total and critical* REE and gallium mineralization in the world, hosted within several surface and near-surface monazite occurrences that remain open at depth and along strike.* Critical rare earth elements/oxides (CREO) are defined here as those that are in short-supply and high-demand for use in permanent magnets that enable modern electronic applications such as electric vehicles and wind turbines. The "magnet alloy" CREO are neodymium (Nd), praseodymium (Pr), dysprosium (Dy) and terbium (Tb).The Alces Lake project is located in northern Saskatchewan, the same provincial jurisdiction that the Saskatchewan Research Council (SRC) is developing a "first-of-its-kind" rare earth processing facility in Canada. The Alces Lake project area is ~ 38,522 hectares (~95,191acres) in size and is 100% owned by Appia.The technical content in this news release was reviewed and approved by Dr. Irvine R. Annesley, P.Geo., Senior Exploration Advisor of Appia and a Qualified Person as defined by National Instrument 43-101.About Appia Rare Earths & Uranium Corp. Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company holds a 25% interest in the Ultra Hard Rock and Ultra IAC Projects, which total 42,932.24 ha. in size and are located within the state of Goiás in Brazil. Ultra is obligated to acquire Appia's 25% interest in the Ultra Hard Rock and Ultra IAC Projects in exchange for a 25% equity interest in Ultra once a prefeasibility study has been prepared in respect of the Ultra IAC project and a mineral resource estimate has been prepared in respect of the Ultra Hard Rock project (see November 4, 2025 Press Release here).The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property and exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.Appia has 194.9 million common shares outstanding, 206.6 million shares fully diluted.Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.For more information, visit www.appiareu.com As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (X,?Facebook,?LinkedIn)?please feel free to send direct messages.Contact: Tom Drivas
CEO and Director
(416) 876-3957
tdrivas@appiareu.com
Jason Bagg
VP Corporate Development
(647) 874-5278
jbagg@appiareu.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/294834
Original: Appia Plans a 3,300 Metre Summer Drill Program at the Alces Lake Rare Earth Elements Property

They are having great results in Brazil drilling for rare earths. They are drilling down into the carbonitite. It is being paid for by their partner ULTRA.

AI says this: "Appia Rare Earths & Uranium Corp. holds a 25% interest in the Ultra Hard Rock and Ultra IAC projects in Goiás, Brazil, where recent diamond drilling at the Ultra Hard Rock carbonatite target intersected significant rare earth mineralization, including 300 meters grading 2.55% Total Rare Earth Oxide (TREO) from surface."

whats the latest with this company ??

Appia's Otherside Property has the same geological signatures as other important discoveries in the Athabasca Basin. To me Appia continues to be an opportunity to accumulate a well appointed junior in the uranium and rare earth space.

Appia Completes SPARTAN MT Survey at its Otherside Uranium Property

Preliminary Results Potentially Indicate Multiple Uranium Structural Settings
Preliminary field observations and early review of the MT dataset are encouraging, highlighting multiple structural geochemical traps along the conductor trend that may be favourable for uranium mineralization. Importantly, the Otherside Uranium Property continues to exhibit electromagnetic signatures and structural features that are comparable to those associated with NexGen Energy's "Arrow" deposit (see Appia's Otherside Presentation) and other well known uranium deposits in the Athabasca Basin.

Appia is currently awaiting Quantec's final processing and interpretation deliverables to provide a more complete picture of the subsurface architecture and to further refine priority drill targets for Appia's planned 2026 to 2027 drill program.

Survey Objective: Advance Drill Ready Targeting
The MT survey was designed to refine and confirm drill ready targets along the extensive conductor trend by mapping subsurface resistivity and identifying key faults and shear zones, conductive zones, and resistivity contrasts that may reflect structural pathways and alteration associated with uranium deposition. The results will be integrated into a 3D geophysical-geological model with Appia's 2024 airborne gravity and magnetic survey data, along with historical datasets, to strengthen target confidence and support final drill planning/targeting.

https://www.otcmarkets.com/stock/APAAF/news/Appia-Completes-SPARTAN-MT-Survey-at-its-Otherside-Uranium-Property?id=516081

Appia Completes SPARTAN MT Survey at its Otherside Uranium PropertyApril 1, 2026 7:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - April 1, 2026) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce the completion of its Q1 2026 SPARTAN Magnetotelluric ("MT") survey on the Company's 100 percent owned Otherside Uranium Property (the "Property") in Saskatchewan's Athabasca Basin.The 10,441.88-hectare Otherside Uranium Property is located approximately 28 km south of Fond du Lac, Saskatchewan. Appia has identified an approximately 49 km-long, faulted and sheared electromagnetic ("EM") conductor trend that is considered prospective for Athabasca-style uranium mineralization.Preliminary Results Potentially Indicate Multiple Uranium Structural Settings
Preliminary field observations and early review of the MT dataset are encouraging, highlighting multiple structural geochemical traps along the conductor trend that may be favourable for uranium mineralization. Importantly, the Otherside Uranium Property continues to exhibit electromagnetic signatures and structural features that are comparable to those associated with NexGen Energy's "Arrow" deposit (see Appia's Otherside Presentation) and other well known uranium deposits in the Athabasca Basin. Appia is currently awaiting Quantec's final processing and interpretation deliverables to provide a more complete picture of the subsurface architecture and to further refine priority drill targets for Appia's planned 2026 to 2027 drill program.Survey Objective: Advance Drill Ready Targeting
The MT survey was designed to refine and confirm drill ready targets along the extensive conductor trend by mapping subsurface resistivity and identifying key faults and shear zones, conductive zones, and resistivity contrasts that may reflect structural pathways and alteration associated with uranium deposition. The results will be integrated into a 3D geophysical-geological model with Appia's 2024 airborne gravity and magnetic survey data, along with historical datasets, to strengthen target confidence and support final drill planning/targeting.Tom Drivas, President of Appia, commented:"The completion of this MT survey is an important milestone for our Otherside Uranium Property. Early indications are very encouraging, with geophysical signatures comparable to NexGen's "Arrow" and other Athabasca Basin deposits. We look forward to final results to refine drill targets for 2026 to 2027."Figure 1 - Magnetotelluric (MT) Survey Lines - Appia's Otherside Uranium PropertyTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/290820_12a9efeb34bc1939_001full.jpgThe technical content in this news release was reviewed and approved by Dr. Irvine R. Annesley, P.Geo., Senior Exploration Consultant to Appia and a Qualified Person as defined by National Instrument 43-101.About Appia Rare Earths & Uranium Corp. Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company holds a 25% interest in the Ultra Hard Rock and Ultra IAC Projects, which total 42,932.24 ha. in size and are located within the state of Goiás in Brazil. Ultra is obligated to acquire Appia's 25% interest in the Ultra Hard Rock and Ultra IAC Projects in exchange for a 25% equity interest in Ultra once a prefeasibility study has been prepared in respect of the Ultra IAC project and a mineral resource estimate has been prepared in respect of the Ultra Hard Rock project (see November 3, 2025 Press Release here).The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property and exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.Appia has 194.9 million common shares outstanding, 206.6 million shares fully diluted.Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.For more information, visit www.appiareu.com As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (X,?Facebook,?LinkedIn)?please feel free to send direct messages.Contact: Tom Drivas
CEO and Director
(416) 876-3957
tdrivas@appiareu.com
Jason Bagg
VP Corporate Development
(647) 874-5278
jbagg@appiareu.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290820
Original: Appia Completes SPARTAN MT Survey at its Otherside Uranium Property

Precious Metals = The Future

PCH Property- 6 meters of over 13% rare earths! Outstanding results! 952 auger drill holes planned in the near future. PCH looks like it is turning into a monster deposit.

Appia Reports Diamond Drilling on ULTRA HARD ROCK Carbonatite Target Intercepts 300m at 2.55% Total Rare Earth Oxide from Surface Including 1.7m at 14.27% TREO in Goias, BrazilFebruary 24, 2026 8:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - February 24, 2026) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce that Ultra Rare Earth Inc. ("Ultra") has completed a 26-hole diamond drilling program totaling 7,347.1 metres at the Ultra Hard Rock carbonatite target. Information received from Ultra shows that preliminary assay results have identified significant intervals of Total Rare Earth Oxide (TREO) and Magnet Rare Earth Oxide (MREO). Additional assay results remain pending and are expected in the coming weeks. Appia holds a 25% interest in the ULTRA Hard Rock and ULTRA IAC Projects, which total 42,932.24 ha in size and are located within the state of Goiás in Brazil. HighlightsHighlights from assays for 13 drill holes received to date are detailed in Table 1. Results from 13 drillholes are pending and will be released when available.Hole #From
(m)To
(m)Core
Length
(m)TREO
(%)TREO
(ppm)MREO1
(ppm)MREO/
TREO
(%)UNA-DDH-01503003002.5525,5004,73018.5including299974.5245,2008,65719.1including9399613.30130,00021,18215.9including95.3971.714.27142,70023,23516.3including284300165.2052,0008,08215.5UNA-DDH-01303003002.3923,9003,64615.2including26.655.6294.0240,2006,70816.7UNA-DDH-01202402401.9719,7003,31316.8including040404.2742,7007,67517.9including188220323.0430,4004,40714.5PCH-DDH-008098982.8928,9004,27614.8including1644284.0340,3005,34013.3UNA-DDH-0090301.05301.051.1911,9002,20518.5including4862143.1931,9004,43913.9including210266561.2612,6002,56920.41 Magnet Rare Earth Oxides (MREO) = Neodymium (Nd4O7) + Praseodymium (Pr2O3) + Terbium (TbO11) + Dysprosium (Dy2O3) Initial results can be viewed using this link and the collar of the executed drillholes using this link.The Ultra IAC and Hard Rock Projects are unique with two distinct styles of mineralization, Ionic Adsorption Clay REE mineralization associated with the weathered Iporá Granite, (Ultra IAC) and high-grade REE mineralization associated with carbonatite intrusions (Ultra Hard Rock). Drilling work on the ULTRA IAC Target is underway with two Reverse Circulation (RC) rigs on site and two more rigs expected in the first week of March, with plans to drill a total of 952 RC holes. Initial Assay results are expected in the next few weeks. In addition, Ultra will continue exploration drilling with two auger rigs.Tom Drivas, CEO & Director of Appia, commented: "These latest drill results continue to demonstrate the impressive scale and grade of the Ultra Hard Rock carbonatite mineralized system, with long intercepts from surface and multiple high-grade zones above 4% TREO. Particularly notable is the exceptional high-grade interval of 1.7 metres grading 14.27% TREO at 95.3 metres, which highlights the strength of the system. These results further reinforce our confidence as drilling continues to expand the target zone." The drillholes (Figure 1) reached up to 300 metres delineating most of the carbonatitic intrusion dimensions and confirm the continuity of the grades already identified in the three drillholes executed on the previous program. Figure 1– Location of all drillholes completed on the Hard Rock Carbonatite Target.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/284993_3da7efac34486afd_001full.jpgAll assay results received to date clearly delineate the carbonatite body (see Figure 2). Pending assay results are expected to further define the extent and geometry of the mineralized intrusion and will support the development of a future mineral resource estimate. Appia remains highly encouraged by the scale and mineralization potential of the carbonatite system.The presence of uranium and thorium is very low with 7.46ppm and 66.48ppm in average, respectively. Mineralization is open at depth and reappears in the northeast indicating a good potential in increasing volumes of the carbonatitic body.Figure 2– 3D view looking towards North with TREO interval grades of drillholes with results received to date.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/284993_3da7efac34486afd_002full.jpgQuality Assurance / Quality Control (QA/QC)Drillhole intervals are apparent and real thickness, depending on the drillhole inclination. The material produced from the diamond drillholes are sampled at two metre intervals splitting the core in half, resulting in average sample sizes of 4-5 kg. The other Half core is kept in storage for further tests. The original core was logged and photographed.The bagged samples are sent to the ALS laboratory in Goiânia, Goiás for initial preparation and sent to Lima, Peru for final analysis. In addition to the internal QA/QC of the ALS Lab, Ultra includes its own control samples in each batch of samples sent to the laboratory.Quality control samples, such as blanks, duplicates, and standards (CRM) were inserted into each analytical run. For all analysis methods, the minimum number of QA/QC samples is three standard, one duplicate and one blank, introduced in each batch. Several batches were used to comprises the full-length hole. The rigorous procedures are implemented during the sample collection, preparation, and analytical stages to insure the robustness and reliability of the analytical results.All analytical results reported herein have passed internal QA/QC review and compilation. All assay results of DDH samples were provided by ALS, a Certified Laboratory, which performed their measure of the concentration of rare earth elements (REE) with the ME-MS81h analytical method that uses lithium borate fusion prior acid dissolution and Inductively Coupled Plasma Mass Spectrometry (ICP-MS). Major Element Oxides were done using ME-ICP06h analytical method using lithium borate fusion and inductively coupled plasma atomic emission spectroscopy (ICP-AES). The technical information in this news release, including the information related to geology, drilling, and mineralization, has been reviewed and approved by Andre L. L. Costa, Chief Geologist of Ultra. Mr. Costa is a APEGS Professional Geoscientist (P.Geo.) and a Fellow of Australian Institute of Geoscientists (FAIG), a Qualified Person (QP) as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.About Appia Rare Earths & Uranium Corp. Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company holds a 25% interest in the Ultra Hard Rock and Ultra IAC Projects, which total 42,932.24 ha. in size and are located within the state of Goiás in Brazil. Ultra is obligated to acquire Appia's 25% interest in the Ultra Hard Rock and Ultra IAC Projects in exchange for a 25% equity interest in Ultra once a prefeasibility study has been prepared in respect of the Ultra IAC project and a mineral resource estimate has been prepared in respect of the Ultra Hard Rock project (see November 4, 2025 Press Release here).The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property and exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.Appia has 194.9 million common shares outstanding, 206.6 million shares fully diluted.Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.For more information, visit www.appiareu.com.As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (X,?Facebook,?LinkedIn)?please feel free to send direct messages.Contact:Tom Drivas
CEO and Director
(416) 876-3957
tdrivas@appiareu.comJason Bagg
VP Corporate Development
(647) 874-5278
jbagg@appiareu.com  To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284993
Original: Appia Reports Diamond Drilling on ULTRA HARD ROCK Carbonatite Target Intercepts 300m at 2.55% Total Rare Earth Oxide from Surface Including 1.7m at 14.27% TREO in Goias, Brazil

Appia Announces Drilling Updates on ULTRA HARD ROCK Target and Auger Drilling on ULTRA IAC Target in Goias, Brazil https://www.otcmarkets.com/stock/APAAF/news/Appia-Announces-Drilling-Updates-on-ULTRA-HARD-ROCK-Target-and-Auger-Drilling-on-ULTRA-IAC-Target-in-Goias-Brazil?id=503197

Appia Rare Earths & Uranium Corp. to Present at the "John Tumazos Very Independent Research Conference" on December 9, 2025

https://www.otcmarkets.com/stock/APAAF/news/Appia-Rare-Earths--Uranium-Corp-to-Present-at-the-John-Tumazos-Very-Independent-Research-Conference-on-December-9-2025?id=502648

Globe Small Cap Research Report- Appia Rare Earths & Uranium Corp., (OTCBQ: APAAF / CSE: API ) a publicly traded company, aims to strategically position and capitalize on the increasing demand for critical minerals, such as rare earth elements (REE) and uranium. These resources are essential for meeting the high demand for electric vehicles, wind turbines, and advanced renewable electronics, and driving the transition towards a greener environment. Appia is a critical mineral exploration company committed to advancing multiple rare earths and uranium projects in mining-friendly regions, including Goiás State, Brazil, the Athabasca Basin in Saskatchewan, Canada and Northern Ontario, Canada.
With its strong presence on multiple exchanges, Appia aims to provide a diverse and accessible platform for investors to engage with the company and take part in its journey towards unlocking the potential of critical minerals.

https://www.dropbox.com/scl/fi/81o7i4x43uteask0ujxpp/111825-APPIA-Report-Final.pdf?rlkey=a3rhg4p8amqf1vbwtqroplfoi&st=vdj2z0vc&dl=0

APAAF- Financing for the PCH rare earths property in Brazil is set to close tomorrow.

Press Release - German Marketing Firm to be hired

insert-text-here

Yes I agree 👍 lots of demand!

Goodnite. Lol

Check out RSM.V bought this morning
Brazil Neodymium, Dysprosium and titanium play
Neodymium is the best magnet metal.
China has most. Nobody’s talking yet. Lol

APAAF if you look at their peers they have a lot of room to grow to catch up to some of their peers- especially as they grow the rare earths tonnage down in Brazil

Locked n Loaded, we could see .50pps by EOM

APAAF best uranium micro play taking off

APAAF best uranium micro play taking off

Hottest little uranium play around. bullish daily weekly beast.

API.CA my next uranium play getting ready to rumble

Going to pop on Monday

Appia - Private Placement Press Release

Big news! $6 million usd Private Placement into the high grade rare earths 'PCH Property' in Brazil.

Link

Appia Issues 500,000 Shares and Earns Further Interest in the PCH Project

Yes Burger King - they have very high grades down in Brazil and a lot of mineralized claims there which they continue to explore. Plus in Saskatchewan they have some very high grade and some lower grade areas and they continue to explore there also. They just raised a $1.09 Million for more exploration work this season. - Press Release

Is there Definitely rare earths in their mines

No posts here for awhile... Any thoughts?

Appia Begins Drilling at the Uranium-Bearing Loranger Property, Wollaston Lake, Saskatchewan, Canada

TORONTO, ON, June 25th, 2024, Appia Rare Earths & Uranium Corp. (the “Company” or “Appia”) (CSE: API) (OTCQX: APAAF) (FWB: A0I0) (MUN: A0I0) (BER: A0I0) Appia Rare Earths & Uranium Corp. is excited to announce the commencement of its diamond drilling program at the uranium-bearing Loranger property adjacent to the renowned Athabasca Basin. The goal of this program is to target favorable geophysical indicators intersecting the Tabbernor Fault system, with the primary objective of discovering conductors and alteration halos that may lead to uranium mineralization. The program will include up to 1,000 meters of drilling across 3 to 4 drill targets.

Stephen Burega, President of Appia, commented: “With the commencement of the Loranger drill program, Appia reconfirms its commitment to moving our uranium assets in Saskatchewan forward. Following the completion of a successful ground reconnaissance program on our Eastside property last month (see June 5th 2024 Press Release), we now have a drill testing a number of intriguing conductors at the Loranger property aimed at uncovering uranium mineralization and key geological indicators to further our understanding of the project’s potential.”

Did you see the NI 43-101 that Appia just filed yesterday?

Appia files NI 43-101 for their PCH Ionic Clay deposit in Brazil

This is amazingly fast work because they only obtained the property at PDAC 2023!
They have some of the highest grades ever reported in the ionic clay arena.

They have only explored just over 1% of the PCH project, onwards and upwards!

Halifax, Nova Scotia (March 4, 2024) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (“Ucore” or the “Company”) is pleased to report that it has completed the second milestone outlined in its US$4 million Other Transaction Agreement (the “OTA”) with the US Department of Defense (the “DoD”) at the Company’s Commercialization and Demonstration Facility (“CDF”) in Kingston, Ontario, utilizing its 52-Stage RapidSX™ Demonstration Plant (“Demo Plant”) for the separation of mixed heavy and light rare earth elements (“REE”) chemical concentrate feedstocks – i.e., mixed rare earth oxides (MREOs) and carbonates (MRECs).

Appia Reports High-Grade Total Rare Earth Oxide Results up to 22,339 ppm or 2.23% on Diamond Drill Hole #1 Within Target IV at PCH IAC Project, Brazil

TORONTO, ON, February 26th, 2024, Appia Rare Earths & Uranium Corp. (the “Company” or “Appia”) (CSE: API) (OTCQX: APAAF) (FWB: A0I0) (MUN: A0I0) (BER: A0I0) announces results from its 2023 Diamond Drill Hole (DDH) #1 in the NE zone within Target IV at its PCH IAC REE project in Brazil. The exploratory drill hole aimed to assess the continuity of the alkali breccia present through depth, reaching a total depth of 243.25 metres and collar coordinates 480,250.3E 8,193,820.9N (Datum SIRGAS 2000 ZONE 22S). Results have revealed a true thickness of approximately 217 metres, inclined at -63 degrees.

Stephen Burega, President, commented, "The findings from the ionic clay and saprolite weathered profile on PCH-DDH-001 underscore the exceptional potential of the target zone. The weathered profile along the hole extended to approximately 20 meters of true thickness yielding concentrations of 5,548 ppm or 0.55% Total Rare Earth Oxide (TREO), 1,420 ppm or 0.14% Magnet Rare Earth Oxide (MREO). The results confirm the ultra-high-grade nature of the upper levels, including concentrations reaching up to 22,339 ppm or 2.23% TREO, 6,204 ppm or 0.62% MREO, and 2,074 ppm or 0.21% Heavy Rare Earth Oxide (HREO) across 2 metres from a depth of 2 m to 4 m.”

Highlights:

Composite results across 243.25 metres:
1,901 ppm or 0.19% TREO including 457 ppm or 0.05% MREO, 143 ppm or 0.01% HREO, and 1,757 ppm or 0.18% Light Rare Earth Oxide (LREO).

Composite results from 0-22.25 metres:
5,548 ppm or 0.55% TREO including 1,420 ppm or 0.14% MREO, 460 ppm or 0.05% HREO, and 5,099 ppm or 0.50% LREO.

Composite results 0-9 metres:
10,247 ppm or 1.02% TREO, 2,672 ppm or 0.27% MREO, 867 ppm or 0.09% HREO, and 9,380 ppm or 0.94% LREO, including:
22,339 ppm or 2.23% TREO, 6,204 ppm or 0.62% MREO, 2,074 ppm or 0.21% HREO, and 20,265 ppm or 2.03% LREO (from 2-4 m).

Composite results 25.50-52.00 metres:
2,168 ppm or 0.22 % TREO, 518 ppm or 0.05% MREO, 153 ppm or 0.01% HREO, and 2,015 ppm or 0.20% LREO.

Composite results 58.00-140.00 metres:
1,648 ppm or 0.16 % TREO, 378 ppm or 0.04% MREO, 109 ppm or 0.01% HREO, and 1,538 ppm or 0.15% LREO.

Composite results 164.30-243.25 metres (EOH):
1,369 ppm or 0.13 % TREO, 329 ppm or 0.3% MREO, 115 ppm or 0.01% HREO, and 1,255 ppm or 0.13% LREO.

“Appia’s DDH-001 reveals more than 26 meters with over 2,000 ppm TREO below the saprolite. The mineralized breccia indicates in most of the intervals expected concentration of REE common to carbonatitic rocks that serves as a source for the enrichment in REE found on the ionic clay interval (0 to 22.25 metres). Some samples below 22.25 metres returned grades above 4,000 ppm TREO, offering opportunities for exploratory investigation into the hard rock depths. With over 2,000 metres drilled, the total 2023 drilling campaign consisted of 147 Reverse Circulation (RC) holes, 1 DDH, and over 200 exploratory auger holes, the PCH Project continues to demonstrate significant mineralization and high-grade REE contents, validating our strategic approach,” adds Burega.

The Company remains committed to advancing exploration activities at its PCH Project with its ongoing auger drilling program and looks forward to providing updates on the NI-43-101 Technical Report and maiden Mineral Resource Estimate in collaboration with SGS Consultants.

Excellent addition to the Appia Advisory Committee!

APPIA APPOINTS CONSTANTINE KARAYANNOPOULOS AS NEW MEMBER TO ITS CRITICAL MINERALS ADVISORY COMMITTEE

2024-02-02 10:19 ET - News Release

Mr. Tom Drivas reports

APPIA ANNOUNCES PLANS FOR DRILLING AT THE LORANGER URANIUM-BEARING PROPERTY, SASKATCHEWAN, CANADA

Appia Rare Earths plans drilling at Loranger

Appia Reports 92,758 ppm (9.3%) TREO, 13,798 ppm MREO (1.38%) and 2,241 (.24%) ppm HREO over 2m Within the Total Weighted Average of 38,655 ppm (3.87%) TREO, 6,869 ppm (.69%) MREO, and 1,380 ppm (.14%) HREO Across 24m (EOH) Following the Reanalysis of Over-Limit Assay Results from PCH-RC-063 at the PCH Ionic Adsorption Clay Project in Goias, Brazil

Toronto, Ontario, January 16, 2024 - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce a substantial increase in the total weighted average grade of drill hole PCH-RC-063 at our PCH Ionic Adsorption Clay project in Goias, Brazil, which had previously been reported (Press Release October 31, 2023 - Click Here). The Reverse Circulation (RC) PCH-RC-063 drill hole exceeded multiple intervals limits of detection (LOD), prompting a reanalysis using methods suited to very high grade samples.

The new analysis, conducted by SGS Geosl Labs, used method IMS95RS. The updated assays reveal a very significant 42.2% increase in Total Rare Earth Oxides (TREO) and a notable 9.2% increase in Magnet Rare Earth Oxides (MREO). Of particular significance is the high-grade 2 metre (m) intercept from 10m to 12m, showing an exceptional 92,758 ppm (Parts Per Million) or 9.28% TREO, with 13,798 ppm or 1.38% MREO, and 2,241 ppm or 0.22% Heavy Rare Earth Oxide (HREO), and 90,516 ppm or 9.05% Light Rare Earth Oxide (LREO).

Highlights:

PCH-RC-063 from 0 - 24m End of Hole (EOH):
Total Weighted Average of 38,655 ppm or 3.87% TREO, 6,869 ppm or 0.69% MREO, 1,380 ppm or 0.14% HREO, and 37,275 ppm or 3.28% LREO.
Including 92,758 ppm or 9.28% TREO across 2m (from 10m to 12m ) with 13,798 ppm or 1.38% MREO; 2,241 ppm or 0.22% HREO; and 90,516 ppm or 9.05% LREO.

"These assays not only validate the extraordinary results of the PCH-RC-063 drill hole but also underscore the substantial high-grade potential mineralization in the SW Extension Zone (See Press Release November 28, 2023 - Click Here)," stated Tom Drivas, CEO. "We are excited about the possibilities revealed by these findings and advancing additional exploration and development efforts to fully tap into the promising potential of this high-grade zone."


Gt to web-site to read more

I had a bid in and just bought some more based on the latest developments and the fact it fell to this low price-

Appia Receives Approval for 12 Additional Claim Blocks at Its PCH Rare Earths Ionic Adsorption Clay Project, Goias, Brazil

Total Exploration Area More Than Doubled Adding 23,412.11 Hectares, Presenting Exceptional New Potential for Additional Critical Mineral Targets

Toronto, Ontario--(Newsfile Corp. - January 11, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce the extension of its existing mining claims at the PCH project in Goias, Brazil from 17,551.07 hectares to an expansive 40,963.18 hectares across a total of 22 claim blocks. This substantial 133% increase in the current land package includes 12 new claims independently staked by the Company, but included as part of the project acquisition (details available HERE), incurring minimal costs. This strategic expansion provides Appia with an exceptional opportunity to explore this promising geological corridor to the north of its current claim zones, unveiling new avenues for potential critical mineral resource discoveries.

"The expansion of our exploration rights to 40,963.18 hectares marks a pivotal moment for Appia in Brazil as we build on the momentum achieved through our initial drilling program at the Target IV and Buriti zones," commented Stephen Burega, President, "Our dedicated Brazilian team is eager to explore the untapped potential of the northern corridor, where similar geological and geophysical features have been identified."

Burega adds, "There is huge potential in these new claim blocks as we can draw clear parallels to the favourable geology that hosts the critical rare earth minerals that initially convinced us to enter into our agreement on the PCH project. Doubling the size of our overall land package within the prolific alkali province not only reflects our commitment but also strengthens the Company's strategic plans. We aim to develop a series of potential target zones, extending the project focus for the benefit of our valued shareholders. This expansion underscores our dedication to unlocking the full spectrum of opportunities in Brazil's mineral-rich landscape."

2023 Year In Review

Appia Announces Scandium and Cobalt Discovery at Its New Buriti Target at the PCH Project, Brazil; Reverse Circulation Drill Hole Returns 24 Metres of Mineralization Averaging 128 ppm Scandium Oxide, 272 ppm Total Cobalt Oxides and 2,106 ppm Total Rare Earth Oxides from Surface

TORONTO, ONTARIO, December 12th, 2023, - Appia Rare Earths & Uranium Corp. (the “Company” or “Appia”) (CSE: API) (OTCQX: APAAF) (Germany: “A0I0.F”, “A0I0.MU”, “A0I0.BE”) is pleased to announce the discovery of a new mineralized zone named BURITI, showcasing mineralization of Scandium (Sc), Cobalt (Co) and Rare Earth Elements (REE) in Reverse Circulation (RC) hole PCH-RC-116. This newly identified mineralized BURITI Target, located within the weathered profile southward from the current area of interest, was revealed through exploratory RC and Auger drilling conducted as part of the ongoing 2023 drill program. Of the 300-hole drill campaign, 47 holes were executed within the newly defined Buriti Target Zone.

“This discovery opens the potential of a promising new target zone for exploration and development, and represents the first time that we have intersected significant continuous levels of Scandium Oxide (Sc2O3), Cobalt Oxide (CoO), and Rare Earth Oxides (REO) mineralization in the same RC drill hole,” stated Tom Drivas, CEO of Appia. He continued, “PCH-RC-116’s average grade of 128 ppm Sc203, 272 ppm CoO, and 2,106 ppm TREO across 24 metres from surface represents an especially important new exploration target for the Company.”

Highlights:

PCH-RC-116 from 0 – 24m End of Hole (EOH):
Total Weighted Average of 128 Parts Per Million (ppm) or 0.013% Sc2O3, 272 ppm or 0.027% CoO, and 2,106 ppm or 0.21% of Total Rare Earth Oxides (TREO).
Highest-Grade Intercepts:
133 ppm or 0.013% Sc2O3, 359 ppm or 0.036% CoO, and 2,461 ppm or 0.24% TREO across 15m (from 4-19m), including:
183 ppm or 0.018% Sc2O3, 414ppm or 0.041% CoO, and 2,401 ppm or 0.24% TREO across 6m (from 10-16m).

"These are valuable elements, identifying a mineralized zone with this range of grades that remains open at depth introduces a new layer of potential value to our PCH project,” Stated Stephen Burega, President. “Appia will be conducting a thorough investigation into the extent of this significant discovery, and analytical results for the 46 pending RC and Auger drill holes from this mineralized zone will be reported once received. Metallurgical testing is planned to confirm the economic potential of the Buriti Target.”

The Buriti Target is hosted within mafic and ultramafic rock formations associated with the Tertiary-age regional alkaline complex. Despite the proximity of Target IV, where the lithology consists of granites and alkali breccias, this new target is predominantly underlain bygabbro, diorite and pyroxenite. “The high-grade intervals identified within the weathering profile, specifically in the saprolite layer, represent a supergene concentration of scandium and cobalt together with REEs within these mafic rocks,” commented Carlos Bastos, Geology Manager and Brazilian Qualified Person (QP).

Leo Fraga, Senior Geologist, observed, “The presence of consistently higher-gradeREE values throughout the entire hole PCH-RC-116 is very encouraging. The hole remains open at depth, showing a 20-metre interval with 2,421 ppm TREO, and 454 ppm Magnet Rare Earth Oxides (MREO) constituting 20% of the total TREO from 4m to 24m (EOH).”

Recent market analysis indicates that the demand for Scandium reached approximately USD 15 billion in 2022 and forecasts indicate a significant increase in this figure is expected as Scandium appears on most Critical Metals lists globally. Despite a fairly common but distributed occurrence, scandium rarely concentrates in nature, making commercial grade stand-alone resources quite unusual. The most significant forward-looking market opportunity for scandium is as an alloying agent for aluminum. When applied as an addition to certain standard aluminum alloys, scandium can produce stronger, more corrosion resistant, more heat tolerant, weldable aluminum products. This strong resistance to extreme heat that makes scandium oxide important in various applications, including high-temperature systems, electronic ceramics, aerospace alloys, and glass manufacturing. Scandium is currently trading in a substantial +/-$1000 USD per kg range.

The Company has achieved a milestone of 300 combined drill holes and is committed to keeping investors informed of the project results. Timely updates will be provided as assay results are obtained from the remaining 3 RC, 77 auger drill holes, which are located both within Target IV and various extension zones including the newly defined Buriti Zone. The Company has an ongoing auger drilling program across the entire PCH property to identify additional target zones, which further underscores our commitment to thorough exploration beyond the established Target IV and Buriti Target areas.

Appia Rare to issue 500,000 shares under PCH option

2023-12-04 11:14 ET - News Release


Mr. Tom Drivas reports

APPIA ANNOUNCES CLOSING OF PCH PROJECT ACQUISITION

Appia Rare Earths & Uranium Corp., further to the press release issued on June 9, 2023, will be issuing the first tranche of 500,000 shares pursuant to the definitive agreement with 3S Ltda., Beko Invest Ltd., Antonio Vitor Jr. and AZ125 Mineracao Ltda., now known as Appia Brasil Rare Earths Mineracao Ltda., to acquire up to a 70-per-cent interest in the PCH project located in the Tocantins structural province of the Brasilia fold belt, Goias state, Brazil.

Pursuant to the terms of the definitive agreement, the property is now registered in the name of the company, and Appia currently holds a 70-per-cent interest in the company (350,000 quotas) and Mr. Vitor holds a 30-per-cent interest in the company (150,000 quotas). The first tranche of 500,000 shares will be issued to Beko on Dec. 11, 2023.

Upon the issuance of the 500,000 shares, the continuing exploration and development of the property will be governed by the terms of a quota holders agreement among Appia, Beko, Mr. Vitor and the company dated July 20, 2023. Appia can maintain its 70-per-cent interest in the company by issuing an aggregate of a further two million common shares of Appia to Beko and spending $10-million (U.S.) on the property over a period of five years (the option period), after which Appia will have earned a 60-per-cent interest in the company. If Appia earns its 60-per-cent interest, it will then be obligated, within 90 days of earning its 60-per-cent interest, to issue a further $1.25-million (U.S.) of common shares of Appia to Beko to earn a further 10-per-cent interest in the company. The number of shares to be issued to earn the further 10 per cent shall be that number of common shares of Appia equal to the number arrived at by dividing $1.25-million (U.S.) by the greater of: the average closing price of the common shares as quoted on the Canadian Securities Exchange (CSE) for the 30 trading days immediately preceding the announcement by Appia of its intention to earn the additional 10-per-cent interest; and the discounted market price of the common shares of Appia based on the last closing price immediately preceding the announcement.

Appia will acquire incremental vested interests in the company upon completion of specific expenditure requirements, pursuant to the terms of the definitive agreement. Once Appia issues at least a further 500,000 common shares to Beko and spends at least $1-million (U.S.) on the property (at which time it will have earned a 10-per-cent interest in the company) (the initial obligation), Beko will be granted a 1-per-cnet net smelter return (NSR) royalty in the property. Appia will have a right of first refusal to acquire the 1-per-cent NSR.

Once Appia has earned its 70-per-cent interest in the company, Appia and Mr. Vitor will enter into a joint venture with respect to the further exploration and development of the property, with Appia holding a 70-per-cent interest and Mr. Vitor holding a 30-per-cent interest in the company. The quota holders agreement will act as a unanimous shareholders agreement and a joint venture agreement with respect to the further exploration and development of the property. Upon the formation of the joint venture, Mr. Vitor will have 90 days within which to elect to either: (a) participate in the joint venture and contribute his pro rata share of expenditures, or be diluted; (b) sell all of his 30-per-cent interest in the company, subject to a right of first refusal in favour of Appia; or (c) elect to have Appia finance its pro rata share of expenditures pursuant to the joint venture, subject to the right of Appia to be reimbursed for 150 per cent of the expenditures made by Appia on behalf of Mr. Vitor before any proceeds are paid to Mr. Vitor.

If a party is required to make a contribution pursuant to the joint venture and that party does not make its pro rata contribution to development expenditures, that party's interest in the company will be diluted pro rata, based upon that party's deemed and actual contributions to the joint venture relative to the total deemed and actual contributions to the joint venture by both parties. A party whose interest is diluted to 10 per cent or less shall immediately be converted to a 1-per-cent net smelter return royalty, with the remaining party's interest converted to a 100-per-cent interest in the company subject to payment of the 1-per-cent dilution NSR. The remaining party will have a right of first refusal to purchase the 1-per-cent dilution NSR.

Should Appia fail to make some or all of the expenditures required in any year, Beko will notify Appia in writing of such failure, after which Appia will have 30 days to make the required expenditure. Failure to make the expenditure within the 30 days will result in Appia's earned interest being reduced pro rata in proportion to the amount of money actually expended by Appia in such year. Appia shall have the right to make additional expenditures in a subsequent year to earn the balance of the interest it would have earned had it made the entire expenditure in the previous year. If Appia fails to expend an aggregate of $10-million (U.S.) and issue an aggregate of two million common shares of Appia to Beko within the option period, Appia may, at any time during the option period after completing the initial obligation, notify Beko that it does not intend to provide any further financing for the property (the cease financing notice). Upon delivery of the cease financing notice to Beko, Appia shall have earned the applicable interest in the company and shall transfer to Mr. Vitor that number of quotas of the company equal to 70 per cent minus the earned interest. Thereafter, Appia shall hold the earned interest in the company and Mr. Vitor shall hold 100 per cent minus the earned interest in the company. Upon delivery of the cease financing notice, and the adjustment in the interests of Appia and Mr. Vitor in the company, the parties shall use their commercially reasonable efforts to determine how to proceed with their respective interests in the company.

Background on the PCH project

The PCH project is located within the Tocantins structural province in the Brasilia fold belt, more specifically, the Arenopolis magmatic arc. The PCH project is 17,551.07 hectares in size and located within the Goias state of Brazil. It is classified as an alkaline intrusive rock occurrence with highly anomalous REE (rare earth element) and niobium mineralization. This mineralization is related to alkaline lithologies of the Fazenda Buriti plutonic complex, and the hydrothermal and surface alteration products of this complex by supergene enrichment in a tropical climate. The positive results of the geochemical exploration work carried out to date indicates the potential for high-grade REEs and niobium mineral resources within the lateritic ionic adsorption clays.

About Appia Rare Earths & Uranium Corp.

Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The company is currently focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, as well as exploring for high-grade uranium in the prolific Athabasca basin on its Otherside, Loranger, North Wollaston and Eastside properties. The company holds the surface rights to exploration for 113,837.15 hectares (281,297.72 acres) in Saskatchewan. The company also has a 100-per-cent interest in 12,545 hectares (31,000 acres), with rare earth element and uranium deposits over five mineralized zones in the Elliot Lake camp, Ontario. Lastly, the company holds the right to acquire up to a 70-per-cent interest in the PCH project which is 17,551.07 ha in size and located within the Goias state of Brazil (see June 9, 2023, press release).

We seek Safe Harbor.

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