Appia Announces Closing Scheduled for Final Tranche of Non-Brokered Private Placement

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 $0.185 each for gross proceeds of approximately $734,200 (CAD).
• Ultra Rare Earth Inc. is moving forward with its binding term sheet to acquire a 50 % interest in Appia Brasil Rare Earths Mineracao Ltda, the holder of the PCH Project in Brazil.
• As part of the transaction, Ultra will invest US $2 million (≈ CAD $2.76 million) into an Appia private placement of 5,520,000 units priced at $0.50 CAD per unit; proceeds are earmarked for general working capital.

Key Details

• Final Tranche Private Placement
• Units: 3,968,648 WC Units
• Price per Unit: $0.185 (CAD)
• Gross Proceeds: $734,200 (CAD)
• Closing Date: October 15 2025
• Each WC Unit = 1 common share + ½ warrant; each full warrant allows purchase of one common share at $0.30 CAD for up to two years or until a trigger condition is met.
• Hold period on securities expires February 16 2026.

• Use of proceeds: general working capital and exploration in Brazil and Saskatchewan.

• Ultra Rare Earth Transaction

• Ultra will acquire 50 % of Appia Brasil Rare Earths Mineracao Ltda, which holds the PCH Project (Tocantins Structural Province, Goiás State, Brazil).
• Binding term sheet dated August 29 2025; notice to close must be delivered by October 15 2025.
• Investment: US $2 million into an Appia private placement of 5,520,000 units at $0.50 CAD per unit (based on USD/CAD = 1.38).
• Unit composition: 1 common share + ½ warrant; each full warrant exercisable at $0.70 CAD for 24 months.

• Proceeds from this investment also designated for general working capital.

• Corporate Context

• Appia holds rights to acquire up to a 70 % interest in the 42,932‑ha PCH Ionic Adsorption Clay Project in Brazil and maintains extensive exploration footprints in Saskatchewan (≈ 95,000 ha) and Ontario.
• Shares outstanding: 170 million common shares; fully diluted: 210 million.

Notable Quotes

• Tom Drivas, CEO and Director: “The closing of the final tranche of our private placement and Ultra’s commitment to invest US $2 million underscore the market’s confidence in Appia’s strategic position and provide essential capital to advance our exploration programs in Brazil and Saskatchewan.”