Appia closes $283,300 first tranche of financing

Executive Summary

• Appia Rare Earths & Uranium Corp. closed the first tranche of a non‑brokered private placement, issuing 1,531,352 working‑capital (WC) units at C$0.185 per unit for gross proceeds of US$283,300.
• The company announced that Ultra Rare Earth Inc. will invest US$2 million in a separate private placement to acquire a 50% interest in Appia Brasil Rare Earths Mineracao Ltda., the holder of the PCH project in Brazil.
• Proceeds from both financings are earmarked for general working capital and exploration activities on Appia’s properties in Brazil and Saskatchewan, with additional capacity to raise up to 3,968,648 WC units by Oct 31 2025.

Key Details

• First Tranche Closing
• Units issued: 1,531,352 WC units
• Price per unit: C$0.185 (equivalent to US$0.185 per common share)
• Gross proceeds: US$283,300

• Composition of each WC unit: 1 common share + ½ warrant; full warrant exercisable at C$0.30 per share for up to 2 years or upon trigger conditions (share price ≥ C$0.40 for 10 consecutive days).

• Finder Compensation

• Cash paid: US$888

• Broker warrants issued: 4,800, each granting the right to purchase one common share at C$0.185 for two years.

• Hold Period

• All securities subject to a lock‑up expiring Feb 2 2026.

• Use of Proceeds (First Tranche)

• General working capital

• Exploration on Appia’s Brazilian and Saskatchewan properties.

• Remaining Offering Capacity

• Up to 3,968,648 WC units may be sold on or before Oct 31 2025.

• Ultra Rare Earth Inc. Transaction (M&A/Financing)

• Ultra will acquire a 50% interest in Appia Brasil Rare Earths Mineracao Ltda., holder of the PCH project (Goias, Brazil).
• Deadline for Ultra to deliver notice of intent: Oct 15 2025.
• Investment amount: US$2 million into a private placement of 5.52 million units priced at C$0.50 per unit (based on USD/CAD = 1.38).
• Unit composition: 1 common share at C$0.50 + ½ warrant; full warrant exercisable at C$0.70 for 24 months.

• Proceeds from Ultra’s investment also designated for general working capital.

• Corporate Background (brief)

• Holds rights to up to a 70% interest in the 42,932‑ha PCH ionic adsorption clay project (Goias, Brazil).
• Active exploration for high‑grade rare earth elements, gallium, and uranium across multiple Canadian properties (Saskatchewan, Alberta, Ontario).

Notable Quotes

No direct executive quotes were provided in the release.