Appia Closes Non-Brokered Private Placement, Completes Auger Drilling at Gaia, Ships Samples to the Lab, and Advances a New Auger Phase at Taygeta - PCH Project (Goiás, Brazil)

Core Insights - Appia Rare Earths & Uranium Corp. has completed an auger drilling campaign at the Gaia target and is advancing a new phase at the Taygeta target within the PCH Rare Earths Project in Goiás State, Brazil [1][4] Drilling Campaign Details - At the Gaia target, 90 auger drill holes have been completed, and all samples have been sent for geochemical and desorption analyses, with results pending [2] - The Taygeta target has seen 42 auger drill holes completed to date, focusing on near-surface horizons based on geological and geomorphological criteria [2] - The company is utilizing two newly acquired auger rigs to enhance drilling efficiency and model resolution [2] Technical Protocols - The same desorption protocol that proved effective at Taygeta will be applied at Gaia, using an (NH₄)₂SO₄ 0.5 M solution at pH 4, which allows for direct comparability of results [3] Future Plans - The company plans to release the results from the Gaia target, including geochemistry and desorption data, and will integrate these findings into the geological-geometallurgical model while continuing drilling at Taygeta [7] Financial Activities - Appia has closed a non-brokered private placement, issuing 3,968,648 working capital units at a price of $0.185 per unit, raising gross proceeds of $734,200 [9][10] - Each working capital unit consists of one common share and one-half of a common share purchase warrant, with full warrants exercisable at $0.30 per share [10] Transaction Updates - Ultra Rare Earth Inc. is proceeding with a transaction to acquire a 50% interest in Appia Brasil Rare Earths Mineracao Ltda, with closing scheduled for October 31, 2025 [14][15] - As part of the transaction, Ultra will invest US $2 million into a private placement, which will be used for general working capital [15] Company Overview - Appia is focused on rare earth elements and uranium, holding rights to the PCH Ionic Adsorption Clay Project in Brazil and exploring for high-grade uranium in Saskatchewan [16] - The company has 177 million common shares outstanding and 213.9 million shares fully diluted [17]