Appia (CSE: API) (OTCQX: APAAF) (FSE: A0I0) today announced that it will be issuing the first tranche of 500,000 shares pursuant to the definitive agreement with 3S LTDA, Beko Invest Ltd., Antonio Vitor Junior and AZ125 Mineracao Ltda, now known as Appia Brasil Rare Earths Mineracao Ltda (the “company”), to acquire up to a 70% interest in the PCH Project. The property is located in the Tocantins Structural Province of the Brasília Fold Belt, Goiás State, Brazil. Under the agreement, the property is now registered in the name of the company, and Appia currently holds a 70% interest in the company (350,000 quotas) and Antonio holds a 30% interest in the company (150,000 quotas). According to the announcement, the first tranche of 500,000 shares will be issued to Beko on Dec. 11, 2023.
To view the full press release, visit https://ibn.fm/3xNOp
About Appia Rare Earths & Uranium Corp
Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The company is currently focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, as well as exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The company holds the surface rights to exploration for 113,837.15 hectares (281,297.72 acres) in Saskatchewan. The company also has a 100% interest in 12,545 hectares (31,000 acres), with rare earth element and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario. Lastly, the company holds the right to acquire up to a 70% interest in the PCH Project, which is 17,551.07 ha. in size and located within the Goiás state of Brazil.
NOTE TO INVESTORS: The latest news and updates relating to APAAF are available in the company’s newsroom at https://ibn.fm/APAAF
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