03:21:23 EDT Thu 02 May 2024
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or Name
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CA



Appia Rare Earths & Uranium Corp
Symbol API
Shares Issued 136,333,594
Close 2024-01-10 C$ 0.215
Market Cap C$ 29,311,723
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Appia Rare Earths increases PCH to 40,963 ha

2024-01-11 11:24 ET - News Release

Mr. Stephen Burega reports

APPIA RECEIVES APPROVAL FOR 12 ADDITIONAL CLAIM BLOCKS AT ITS PCH RARE EARTHS IONIC ADSORPTION CLAY PROJECT, GOIAS, BRAZIL

Appia Rare Earths & Uranium Corp. has extended its existing mining claims at the PCH project in Goias, Brazil, from 17,551.07 hectares to an expansive 40,963.18 hectares across a total of 22 claim blocks. This substantial 133-per-cent increase in the current land package includes 12 new claims independently staked by the company, but included as part of the project acquisition, incurring minimal costs. This strategic expansion provides Appia with an exceptional opportunity to explore this promising geological corridor to the north of its current claim zones, unveiling new avenues for potential critical mineral resource discoveries.

"The expansion of our exploration rights to 40,963.18 hectares marks a pivotal moment for Appia in Brazil as we build on the momentum achieved through our initial drilling program at the Target IV and Buriti zones," commented Stephen Burega, president. "Our dedicated Brazilian team is eager to explore the untapped potential of the northern corridor, where similar geological and geophysical features have been identified."

Mr. Burega adds: "There is huge potential in these new claim blocks as we can draw clear parallels to the favourable geology that hosts the critical rare earth minerals that initially convinced us to enter into our agreement on the PCH project. Doubling the size of our overall land package within the prolific alkali province not only reflects our commitment but also strengthens the company's strategic plans. We aim to develop a series of potential target zones, extending the project focus for the benefit of our valued shareholders. This expansion underscores our dedication to unlocking the full spectrum of opportunities in Brazil's mineral-rich landscape."

Target IV represents a unique high-grade critical rare earth element mineralization zone, with the southwest quadrant displaying exceptional drill results. Appia's new scandium and cobalt discovery zone, Buriti (south of Target IV), revealed substantial findings in hole PCH-RC-116, from surface to 24 metres, and remains open at depth.

The company remains committed to maintaining open communication with local communities, stakeholders and regulatory bodies throughout the exploration process and will continue to disseminate information relating to its exploration activities on a timely basis.

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-per-cent interest in 13,008 hectares (32,143acres), with rare earth elements 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-per-cent interest in the PCH project which is 17,551.07 ha in size and located within the Goias state of Brazil (see June 9, 2023, press release).

The company successfully added 23,412.11 ha to the PCH project's total hectares with the approval of 12 new claims, bringing the overall project size to 40,963.18 ha.

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