Appia receives $1.57-million from warrant exercise

Executive Summary

• Appia Rare Earths & Uranium Corp. raised $1,571,447.40 from the exercise of 10,476,316 warrants at an exercise price of 15 cents per warrant, following the acceleration of the warrant expiry date announced in late October 2025.
• Christopher B. Tatum filed an early warning disclosure indicating his beneficial ownership interest in the company has decreased to approximately 8.36% of issued and outstanding common shares due to the warrant exercises and the expiry of his warrants.
• Mr. Tatum is no longer required to file early warning reports under National Instrument 62-103, though he retains the right to adjust his holdings through market transactions or private agreements.

Key Details

• Warrant Exercise Proceeds: Aggregate proceeds of $1,571,447.40.
• Warrants Exercised: 10,476,316 warrants.
• Exercise Price: 15 cents per warrant.
• Timing: Exercises occurred since November 1, 2025, following the acceleration of expiry dates announced in press releases dated October 22, 2025, and October 30, 2025.
• Insider Ownership Change (Christopher B. Tatum):
  • Acquired 3,000,000 common shares via the exercise of 3,000,000 warrants at 15 cents per warrant.
  • 6,375,000 warrants held by Mr. Tatum expired.
  • Resulting ownership interest: Approximately 8.36% of issued and outstanding common shares (on both non-diluted and partially diluted bases).
  • Status: No longer required to file early warning reports under National Instrument 62-103.
  • Intent: Shares acquired for investment purposes; no present intention to increase or decrease holdings, though future changes via market transactions, private agreements, or treasury issuances are possible.
• Company Capitalization:
  • Common shares outstanding: 194.4 million.
  • Fully diluted shares: 206.7 million.

Notable Quotes

• "Mr. Tatum has advised that the three million shares were acquired for investment purposes and that he has no present intention to either increase or decrease his holdings in the company."
• "Notwithstanding the foregoing, he has advised that he may increase or decrease his beneficial ownership, control or direction over common shares of the company through market transactions, private agreements other treasury issuances or otherwise."