Appia Announces First Closing of Non-Brokered Private Placement
Appia Announces First Closing of Non-
Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - June 24, 2025) -
Appia Rare Earths & Uranium Corp. (CSE: API)
(OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia")
is pleased to
announce that, further to its Press Release of June 17, 2025, it has closed the first tranche of a non-
brokered private placement with the issuance of 10,793,750 working capital units (the "
WC Units
") of
the Company at a price of $0.08 per WC Unit for $863,500 (the "
WC Offering
") and 2,428,947 critical
mineral flow-through units ("
FT Units
") at a price of $0.095 per FT Unit for $230,749.97 (the "
FT
Offering
" and together with the WC Offering the "
Offering
") for total gross proceeds of $1,094,249.97,
an increase of $89,250 from the original announcement of the Offering.
Each WC Unit consists of one (1) common share of the Company priced at $0.08 per common share
and one (1) common share purchase warrant (a "
WC Warrant
"). Each WC Warrant entitles the holder to
purchase one (1) common share (a "
WC Warrant Share
") at a price of $0.15 until the earlier of (i) two
(2) years from the closing of the Offering (the "
Closing
"); and (ii) in the event that the closing price of the
Common Shares on the Canadian Securities Exchange is at least $0.25 for ten (10) consecutive trading
days, and the 10th trading day (the "
Final Trading Day
") is at least four (4) months from the Closing, the
date which is thirty (30) days from the Final Trading Day (the "
Trigger Date
").
Each FT Unit consists of one (1) flow-through Common Share ("
FT Share
") priced at $0.095 per FT
Share and one (1) common share purchase warrant (a "
Warrant
") with each Warrant entitling the holder
to acquire one (1) common share of the Company (a "
Warrant Share
") at a price of $0.15 until the
earlier of (i) two (2) years from Closing; and (ii) the Trigger Date.
One insider subscribed for 1,652,631 FT Units for proceeds of $156,999.95 and one insider subscribed
for 50,000 WC Units for proceeds of $4000. The insider private placements are exempt from the
valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 ("
MI 61-101
")
by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market
value of the consideration for the securities of the Company issued to the insiders does not exceed 25%
of its market capitalization.
Proceeds from the WC Offering will be used for general working capital and funding for exploration of the
Company's PCH Project in Brazil. The securities issued are subject to a hold period expiring on October
25, 2025.
The gross proceeds from the FT Offering will be used for Canadian Exploration Expenses (within the
meaning of the Income Tax Act (Canada) (the "
Tax Act
")) which qualify as a "flow-through critical mineral
mining expenditure" for purposes of the Tax Act related to the exploration program of the Company to be
conducted on the Company's properties located in Saskatchewan. The Company will renounce such
Canadian Exploration Expenses with an effective date of no later than December 31, 2025. The
Canadian Exploration Expenses to be renounced by the Company will qualify for the critical mineral
exploration tax credit under the Tax Act.
The offering will remain open for a further closing of up to 1,706,250 WC Units on or before July 4, 2025.
Eligible Finders may receive up to 6% of the value of proceeds on the sale of the WC Units or FT Units
in cash and up to 6% of the number of WC Units or FT Units sold in the form of broker warrants. Each
broker warrant issued in relation to the sale of WC Units (the "
WC
Broker Warrants
") entitles the holder
to acquire one (1) common share of the Company at a price of $0.08 for two (2) years from the closing of
the WC Offering and each broker warrant issued in relation to the sale of FT Units (the "
FT Broker
Warrants
") entitles the holder to acquire one (1) common share of the Company at a price of $0.095 for
two (2) years from the closing of the FT Offering.
The securities described herein have not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "
U.S. Securities Act
"), or any state securities laws, and
accordingly, may not be offered or sold within the United States except in compliance with the
registration requirements of the U.S. Securities Act and applicable state securities requirements or
pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation
to buy any securities in any jurisdiction.
About Appia Rare Earths & Uranium Corp.
Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The
Company holds the right to acquire up to a 70% interest in the PCH Ionic Adsorption Clay Project (See
June 9
th
, 2023 Press Release - Click
HERE
) which is 42,932.24 ha. in size and located within the Goiás
State of Brazil (See January 11
th
, 2024 Press Release - Click
HERE
). The Company is also focusing on
delineating high-grade critical rare earth elements and gallium on the Alces Lake property, and 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 94,982.39 hectares
(234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares
(32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot
Lake Camp, Ontario.
Appia has 166 million common shares outstanding, 203 million shares fully diluted.
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 more information, visit
www.appiareu.com
.
As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have
several communication portals. If you have any questions online (
X
,
,
) please feel
free to send direct messages.
To book a one-on-one 30-minute Zoom video call, please
click here
.
Contact:
Tom Drivas, CEO and Director
(c) (416) 876-3957
(e)
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https://www.newsfilecorp.com/release/256572