Appia Secures $2M Investment, Advances Uranium Exploration
Appia Rare Earths & Uranium Corp. (CSE: API, OTC: APAAF) has secured a significant investment and made strides in its exploration efforts. Ultra Rare Earth Inc. will inject US $2 million into Appia through a private placement, with each unit comprising a common share and half a warrant. This transaction is set to close by October 15, 2025.
Appia is actively exploring for high-grade uranium in the Athabasca Basin on its properties in Saskatchewan. Additionally, the company holds the right to acquire up to a 70% interest in the PCH Ionic Adsorption Clay Project in Brazil. Recently, Appia completed due diligence for a 50% interest sale in Appia Brasil Rare Earths Mineracao Ltda to Ultra Rare Earth Inc. With 168.5 million common shares outstanding and 207 million shares fully diluted, Appia is poised for growth.
The private placement, led by Ultra Rare Earth Inc., will provide Appia with much-needed capital to fund its exploration activities and advance its projects. This strategic partnership demonstrates confidence in Appia's potential and its commitment to the rare earths and uranium sectors.
Appia Rare Earths & Uranium Corp. has successfully attracted investment from Ultra Rare Earth Inc., securing US $2 million for its exploration efforts. With ongoing projects in Saskatchewan and Brazil, and a strategic partnership in place, Appia is well-positioned to continue its growth and exploration in the rare earths and uranium sectors.
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