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

Core Points - Appia Rare Earths & Uranium Corp. is closing the final tranche of a non-brokered private placement, issuing 3,968,648 working capital units at a price of $0.185 per unit for gross proceeds of $734,200 on October 15, 2025 [1][3] Group 1: Private Placement Details - Each working capital unit consists of one common share priced at $0.185 and one-half of a common share purchase warrant, with full warrants allowing the purchase of one common share at $0.30 until specific conditions are met [2] - All securities issued will be subject to a hold period expiring on February 16, 2026, and proceeds will be used for general working capital and exploration in Brazil and Saskatchewan [3] Group 2: Transaction with Ultra Rare Earth Inc. - Ultra Rare Earth Inc. is proceeding with a transaction to acquire a 50% interest in Appia Brasil Rare Earths Mineracao Ltda, which holds the PCH Project in Brazil [5] - Ultra is required to invest US $2 million into a private placement comprising 5,520,000 units priced at $0.50 (Cdn) per unit, with each unit consisting of one common share and one-half of a warrant exercisable at $0.70 (Cdn) for 24 months [6] Group 3: Company Overview - Appia is a publicly traded Canadian company focused on rare earth elements and uranium, holding rights to acquire up to a 70% interest in the PCH Ionic Adsorption Clay Project in Brazil and exploring for high-grade uranium in the Athabasca Basin [7] - The company has 170 million common shares outstanding and 210 million shares fully diluted [8]