20:12:08 EDT Tue 01 Jul 2025
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Appia Rare Earths & Uranium Corp
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Shares Issued 152,981,511
Close 2025-06-02 C$ 0.10
Market Cap C$ 15,298,151
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Appia Rare Earths receives 5-year permit for Otherside

2025-06-02 18:01 ET - News Release

Mr. Tom Drivas reports

APPIA RECEIVES 5-YEAR EXPLORATION PERMIT FOR THE OTHERSIDE URANIUM PROPERTY IN THE ATHABASCA BASIN, SASKATCHEWAN

Appia Rare Earths & Uranium Corp. has received a five-year exploration permit from the Saskatchewan Ministry of Environment for its wholly owned Otherside uranium property located in the prolific Athabasca basin of Northern Saskatchewan.

The permit, valid until April 30, 2030, authorizes Appia to conduct a range of mineral exploration activities, including diamond drilling, airborne and ground geophysical surveys, and the establishment of a temporary work camp. The permitted work area is centred approximately 34 kilometres south of the community of Fond du Lac and covers multiple mineral dispositions where Appia previously identified high-priority drill targets for uranium exploration.

"This long-term permit is a critical milestone that allows us to move forward with confidence and execute our exploration strategy at the Otherside uranium property for the next five years," commented Tom Drivas, chief executive officer and director of Appia. "With approvals now in place, we are well positioned to mobilize and begin ground-based exploration efforts."

Upcoming 2025 exploration plans

As noted in the company's Feb. 14, 2025, press release, Appia's 2025 exploration program at the Otherside uranium property will focus on refining and drill-testing high-potential targets identified through the 2024 airborne gravity gradiometer and magnetometer survey. The identified targets are characterized by gravity lows, magnetic lows and a 49-kilometre-long electromagnetic (EM) conductor featuring variable offsets and bends -- key signatures commonly associated with uranium mineralization. Notably, this anomalous EM conductor displays structural and geophysical characteristics comparable to NexGen Energy's "Arrow" and Paladin Energy's "Triple R" uranium deposits. Planned activities will commence with advanced 3-D processing to enhance the 2024 airborne gravity survey results, followed by high-resolution ground geophysical surveys to further define key anomalies, culminating in a targeted drill program designed to evaluate the property's uranium discovery potential.

The technical content of 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 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 Corp.'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 10,441.88 hectares and is 100 per cent owned by Appia.

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 (see June 9, 2023, press release) which is 42,932.24 hectares in size and located within the Goias state of Brazil (see Jan. 11, 2024, press release). 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-element and uranium deposits over five mineralized zones in the Elliot Lake camp, Ontario.

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