Mr. Tom Drivas reports
APPIA RARE EARTHS & URANIUM CORP. RAISES $1.5 MILLION FROM WARRANT EXERCISES
As a result of the acceleration of the expiry date of certain warrants of Appia Rare Earths & Uranium Corp. exercisable at 15 cents, as announced in the press releases dated Oct. 22, 2025, and Oct. 30, 2025, an aggregate of 10,476,316 warrants have been exercised since Nov. 1, 2025, for proceeds of $1,571,447.40.
Early warning disclosure regarding Christopher B. Tatum
Christopher B. Tatum previously filed an early warning report with respect to the securities of Appia on June 30, 2025. As a result of an increase in the issued and outstanding capital of Appia pursuant to the exercise of warrants, including the acquisition by Mr. Tatum of three million common shares on the exercise of three million warrants at 15 cents per warrant and the expiry of 6,375,000 warrants held by Mr. Tatum, the interest of Mr. Tatum in Appia has been reduced to approximately 8.36 per cent of the issued and outstanding common shares of Appia on a non-diluted basis and a partially diluted basis. Mr. Tatum is therefore no longer required to file an early warning report under National Instrument 62-103.
Mr. Tatum has advised that the three million shares were acquired for investment purposes and that he has no present intention to either increase or decrease his holdings in the company. Notwithstanding the foregoing, he has advised that he may increase or decrease his beneficial ownership, control or direction over common shares of the company through market transactions, private agreements other treasury issuances or otherwise.
This news release is issued pursuant to National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, of the Canadian Securities Administrators, which also requires an early warning report to be filed with the applicable securities regulators containing additional information with respect to the foregoing matters. A copy of this early warning report in respect of this transaction will be available on Appia's issuer profile on SEDAR+.
About Appia Rare Earths & Uranium Corp.
Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The company holds a 25-per-cent interest in the PCH ionic adsorption clay project, which is 42,932.24 hectares in size and located within the state of Goias in 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 in Ontario.
Appia has 194.4 million common shares outstanding and 206.7 million shares fully diluted.
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