Mr. Tom Drivas reports

APPIA ANNOUNCES NEXT STAGE OF TRANSACTION IN PCH REE PROJECT

Further to the press releases dated Sept. 2, 2025, and Sept. 23, 2025, due diligence by Ultra Rare Earth Inc. has been satisfactorily completed in connection with the binding term sheet dated Aug. 29, 2025, between Appia Rare Earths & Uranium Corp., 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.

The transaction will proceed, and Ultra shall have until the close of business on Oct. 15, 2025, to deliver notice to Appia, Antonio and Beko that it intends to close the transaction. Additionally, 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 an up-to-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, Ontario.

Appia has 168.5 million common shares outstanding and 207 million shares fully diluted.

We seek Safe Harbor.