Appia to close final tranche of financing Oct. 15

Executive Summary

• Appia Rare Earths & Uranium Corp. will close the final tranche of a non‑brokered private placement, issuing 3,968,648 working‑capital units at C$0.185 per unit for gross proceeds of approximately $734,200.
• Ultra Rare Earth Inc. is proceeding with its binding term sheet to acquire a 50 % interest in Appia Brasil Rare Earths Mineracao Ltda., and will invest US$2 million in a separate private placement of 5.52 million units priced at C$0.50 per unit.
• Proceeds from both financings are earmarked for general working capital and exploration activities on Appia’s properties in Brazil and Saskatchewan.

Key Details

• Final Tranche Closing (Oct 15, 2025): 3,968,648 WC units @ C$0.185 per unit → gross proceeds ≈ $734,200.
• WC Unit Composition: 1 common share (C$0.185) + ½ of a common‑share purchase warrant. Full warrant allows purchase at C$0.30 per share for up to 2 years or until the CSX price ≥ C$0.40 for 10 consecutive days, whichever occurs first.
• Hold Period: All securities issued are subject to a lock‑up expiring on Feb 16, 2026.

• Use of Proceeds (Final Tranche): General working capital and exploration on Brazilian and Saskatchewan properties.

• Ultra Rare Earth Transaction: Ultra will acquire 50 % of Appia Brasil Rare Earths Mineracao Ltda., the holder of the PCH project in Goiás, Brazil.

• Investment Commitment: US$2 million into a separate Appia private placement of 5.52 million units priced at C$0.50 per unit (based on USD/CAD = 1.38).
• Unit Structure (Ultra Placement): Each unit = 1 common share @ C$0.50 + ½ warrant; full warrant exercisable at C$0.70 for 24 months.
• Deadline for Ultra Notice: Must notify Appia, Mr. Vitor, and Beko of intent to close by end‑of‑business on Oct 15, 2025.
• Use of Proceeds (Ultra Placement): General working capital for Appia.

Notable Quotes

(No direct quotes were provided in the release.)