Appia Rare Earths earns a further 5.89% interest in PCH Project, Brazil

Further to Appia Rare Earths & Uranium Corp.‘s [CSE: API; OTCQX: APAAF; FWB, MUN, BER: A0I0] press release dated June 12, 2024, Appia has earned a further 5.89% legal and beneficial ownership interest in Appia Brasil Rare Earths Mineracao Ltda., the Brazilian company that holds the PCH Project located in the Tocantins structural province of the Brasilia fold belt, Goias state, Brazil. Appia now holds 15.89%.

Pursuant to the quotaholders agreement among Appia, Beko Invest Ltd. and Antonio Vitor Junior dated July 20, 2023, which governs the continuing exploration and development of the property, Appia has expended US$2,030,204 under the quotaholders agreement to earn the further 5.89% interest in Appia Brasil.

The 500,000 shares to be issued will be subject to a four-month-and-one-day hold period from the date of issuance. Appia can earn up to a 70% interest in Appia Brasil.

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 which is 42,932.24 hectares in size and located in Goias state, Brazil.

The company is also focusing on delineating high-grade critical rare-earth elements and gallium on the Alces Lake property and is exploring for high-grade uranium in the 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 168 million common shares outstanding, 205 million shares fully diluted.