Mr. Tom Drivas reports

APPIA ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Appia Rare Earths & Uranium Corp. has arranged a non-brokered private placement of up to 5.5 million working capital units of the company at a price of 18.5 cents per working capital unit for up to $1,017,500 of working capital units.

Each working capital unit consists of one common share of the company priced at 18.5 cents per common share and one-half of a common share purchase warrant. Each full warrant entitles the holder to purchase one common share at a price of 30 cents per working capital warrant share until the earlier of: (i) two years from closing of the offering; and (ii) in the event that the closing price of the common shares on the Canadian Securities Exchange is at least 40 cents for 10 consecutive trading days and the 10th trading day (the final trading day) is at least four months from the closing, the date which is 30 days from the final trading day (the trigger date).

Proceeds from the working capital offering will be used for general working capital and exploration on the corporation's properties in Brazil and Saskatchewan.

Additionally, the company wishes to announce that, further to its press release of Sept. 2, 2025, due diligence by Ultra Rare Earth Inc. is continuing in connection with the binding term sheet dated Aug. 29, 2025, between the company, Beko Invest Ltd., Antonio Vitor Jr. and Ultra. Pursuant to the binding term sheet, Ultra will acquire a 50-per-cent 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.

Provided Ultra satisfactorily completes its due diligence and proceeds with the transaction, one of the terms of the transaction requires Ultra to invest $2-million (U.S.) into an Appia unit private placement comprising 5.52 million units priced at 50 Canadian cents per unit (based upon a U.S.-dollar-to-Canadian-dollar exchange rate of $1.38), with each unit consisting of one common share, priced at 50 Canadian cents and one-half of a warrant, with each full warrant exercisable at 70 Canadian cents for 24 months. The funds will be used by Appia for general working capital. See the Sept. 2, 2025, press release for a full list of the terms applicable to the transaction.

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 elements and uranium deposits over five mineralized zones, in the Elliot Lake camp in Ontario.

Appia has 168.5 million common shares outstanding and 207.7 million shares fully diluted.

We seek Safe Harbor.