Appia Announces Exercise of Warrants and Cash Position
500-2 Toronto St.
Toronto ON
M5C 2B6
PH: 416 546-2707
FAX: 416 218-9772
Email: [email protected]
Website: www.appiaenergy.ca
NEWS RELEASE
APPIA ANNOUNCES EXERCISE OF WARRANTS AND CASH POSITION
TORONTO, ONTARIO, January 4, 2021 - Appia Energy Corp. (the “Company” or “Appia”) (CSE:API,
OTCQB:APAAF, Germany: “A0I.F”, “A0I.MU”, “A0I.BE”)
During the fourth quarter of 2020 Appia received $1,711,000 from the exercise of 5,716,730 common share
warrants. The use of the proceeds is not restricted.
As of December 31, 2020, Appia’s cash position was approximately $5.5 million, of which $2.8million is from
Flow-Through financing and must be spent on exploration and development in Canada.
Appia is very excited and looks forward to exploration in the New Year and is now planning an extensive drilling
and exploration program at its Alces Lake high-grade critical rare earth project as well at its uranium properties.
The company thanks all its shareholders for their support and wish them HAPPY NEW YEAR.
About Appia
Appia is a Canadian publicly-listed company in the uranium and rare earth element sectors. The Company is
currently focusing on delineating high-grade critical rare earth elements (“REE”) and uranium on the Alces
Lake property, as well as prospecting for high-grade uranium in the prolific Athabasca Basin on its Loranger,
North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 65,601
hectares (162,104 acres) in Saskatchewan.
The Company also has a 100% interest (subject to a 1% Uranium Production Payment Royalty and a 1% Net
Smelter Return Royalty on any precious or base metals payable, provided that the price of uranium is greater
than US$130 per pound) in 12,545 hectares (31,000 acres), with rare earth element and uranium deposits over
five mineralized zones in the Elliot Lake Camp, Ontario. The Camp historically produced over 300 million
pounds of U3O8 and is the only Canadian camp that has had significant rare earth element (yttrium) production.
The deposits are largely unconstrained along strike and down dip.
Appia’s technical team is directed by James Sykes, who has had direct and indirect involvement with over 550
million lbs. U3O8 being discovered in five deposits in the Athabasca Basin.
Appia has 92.1 million common shares outstanding, 108.2 million shares fully diluted.
For more information, visit Appia’s website at www.appiaenergy.ca
Cautionary Note Regarding Forward-Looking Statements : This News Release contains forward-looking statements
which are typically preceded by, followed by or including the words “believes”, “expects”, “anticipates”,
“estimates”, “intends”, “plans” or similar expressions. Forward-looking statements are not a guarantee of
future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume
any obligation to update these forward- looking statements and shareholders are cautioned not to put undue
reliance on such statements.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of
the CSE) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Tom Drivas , President, CEO and Director: (tel) 416-546-2707, (fax) 416-218-9772 or (email)
Frank van de Water, Chief Financial Officer and Director, (tel) 416-546-2707, (fax) 416-218-9772 or (email)
James Sykes , VP Exploration & Development, (tel) 306-221-8717, (fax) 416-218-9772 or (email)