00:04:54 EDT Fri 09 May 2025
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Appia Rare Earths & Uranium Corp
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Shares Issued 136,833,594
Close 2024-10-17 C$ 0.10
Market Cap C$ 13,683,359
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Appia Rare Earths begins magnetic survey over Otherside

2024-10-17 16:47 ET - News Release

Mr. Tom Drivas reports

APPIA ANNOUNCES THE COMMENCEMENT OF AN AIRBORNE GRAVITY GRADIOMETER AND MAGNETIC SURVEY OVER ITS OTHERSIDE URANIUM PROSPECT, ATHABASCA BASIN, SASKATCHEWAN, CANADA

Appia Rare Earths & Uranium Corp. has begun an airborne gravity gradiometer and magnetic survey over its Otherside property, located within the prolific uranium-bearing Athabasca basin of Saskatchewan, Canada. This survey will be conducted by Xcalibur Smart Mapping, utilizing its state-of-the-art Falcon airborne gravity gradiometer (AGG) technology to further explore the potential for uranium deposits.

The goal of this airborne survey is to leverage gravity and magnetic geophysics to reveal significant lithostructural contrasts in the subsurface rocks, allowing Appia to identify key anomalies that may lead to uranium discoveries. This survey is a critical step in Appia's continuing exploration efforts, providing additional data to guide drilling decisions.

The Otherside property is notably positioned along a 40-kilometre-long corridor hosting several electromagnetic (EM) conductors, sharing geological and geophysical features similar to other high-grade uranium plays of the western Athabasca basin such as Fission Uranium Corp.'s Triple R and NexGen Energy's Arrow deposits.

Stephen Burega, president, states: "Our team is excited to commence the airborne gravity gradiometer and magnetic survey at our Otherside property. Using cutting-edge technology to identify geophysical signatures that could lead to uranium discoveries, this survey marks a significant step in our exploration efforts and provides an encouraging follow-up to the recent uranium and rare earth exploration programs at our Eastside and Loranger properties."

Appia's exploration team will utilize the data gathered from this survey to further refine the geological model of the Otherside property and identify its priority drill targets. The Otherside property's geological setting, combined with the anticipated detailed insights from the Falcon AGG survey, positions Appia to make significant advancements in the search for potential uranium deposits within the Athabasca basin.

About the Otherside project

The Otherside project is strategically located within the prolific, uranium-bearing Athabasca basin of Saskatchewan, Canada. This area is renowned for its significant uranium deposits, its surrounding rare earth element plays and favourable geological conditions that have historically led to major high-grade uranium discoveries.

The Otherside property shares similar geological and geophysical signatures to known high-grade, large-tonnage uranium deposits in the western Athabasca basin, including Fission Uranium's Triple R and NexGen Energy's Arrow deposits. Such signatures include long structural corridors hosting multiple, discrete conductors with associated magnetic gradients and gravity low areas.

Otherside's property area is 8,436 hectares and is 100 per cent owned by Appia.

The technical content in this news release was reviewed and approved by Dr. Irvine R. Annesley, PGeo, senior technical adviser for Appia and a qualified person as defined by National Instrument 43-101.

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-per-cent interest in the PCH ionic adsorption clay project which is 40,963.18 hectares in size and located within the Goias state of Brazil. 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-per-cent 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.

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