Appia Announces First Closing Non-Brokered Private Placement

Executive Summary

• Appia Rare Earths & Uranium Corp. closed the first tranche of a non‑brokered private placement, issuing 1,531,352 working‑capital units at $0.185 each for gross proceeds of $283,300.
• The company announced that Ultra Rare Earth Inc. is moving forward with its agreed transaction to acquire a 50 % interest in Appia Brasil Rare Earths Mineracao Ltda, with an investment commitment of US $2 million via a separate private placement.
• Proceeds from both financings will be used for general working capital and exploration activities on the Company’s Brazil and Saskatchewan properties; additional units may be sold up to October 31, 2025.

Key Details

• First Tranche Private Placement
• Units issued: 1,531,352 WC Units
• Price per unit: $0.185 (CAD)
• Gross proceeds: $283,300 CAD
• Unit composition: 1 common share @ $0.185 + ½ of a common‑share purchase warrant (full warrant exercisable at $0.30 per share).
• Warrant term: exercisable for two years from closing or until trigger conditions are met (CSE price ≥ $0.40 for ten consecutive days, with additional timing provisions).
• Finder compensation: $888 cash + 4,800 broker warrants (each warrant = right to purchase one common share at $0.185 for two years).

• Hold period on securities expires: February 2, 2026.

• Remaining Offering Capacity

• Up to an additional 3,968,648 WC Units may be issued on or before October 31, 2025.

• Ultra Rare Earth Transaction (Binding Term Sheet)

• Ultra will acquire a 50 % interest in Appia Brasil Rare Earths Mineracao Ltda (owner of the PCH Project in Goiás State, Brazil).
• Ultra must notify intent to close by October 15, 2025.
• Investment commitment: US $2 million into an Appia private placement of 5,520,000 units priced at $0.50 CAD per unit (based on USD/CAD = 1.38).
• Unit composition for this placement: 1 common share @ $0.50 CAD + ½ warrant; full warrant exercisable at $0.70 CAD for 24 months.

• Use of funds from Ultra’s investment: general working capital.

• Use of Proceeds

• Funds from the first tranche and any subsequent units will support general working‑capital needs and exploration programs on Appia’s Brazilian and Saskatchewan properties.

Notable Quotes

(No direct quotes were provided in the release.)