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Appia Rare Earths & Uranium Corp
Symbol API
Shares Issued 136,333,594
Close 2024-01-25 C$ 0.195
Market Cap C$ 26,585,051
Recent Sedar Documents

Appia Rare signs co-operation agreement with YNLR

2024-01-26 11:09 ET - News Release

Mr. Stephen Burega reports

APPIA RARE EARTHS & URANIUM CORP. ANNOUNCES NEW COOPERATION AGREEMENT WITH THE YA'THI NENE LANDS AND RESOURCES OFFICE

Appia Rare Earths & Uranium Corp. has signed a new co-operation agreement with the Ya'thi Nene Lands and Resources Office (YNLR), which is owned by the Athabasca Denesuline First Nations of Hatchet Lake, Black Lake, Fond du Lac, the northern hamlet of Stony Rapids, and the northern settlements of Uranium City, Wollaston Lake and Camsell Portage. The agreement pertains to specific exploration activities undertaken by Appia in Nuhenene, the traditional territory of the Athabasca First Nations in Treaty 8 and Treaty 10 territories.

This accord underscores the mutual commitment of Appia and YNLR to foster a sustainable and collaborative relationship, both in the present and for the foreseeable future. The agreement serves as a foundation for continuous communication between the parties, aligning with YNLR's mandate to enhance the environmental, social, economic and cultural well-being of current and future Athabasca residents, simultaneously reflecting Appia's environmental, social and governance commitments. A pivotal aspect of this collaboration is the facilitation of a smoother exploration permitting process and fieldwork in Nuhenene through the respectful and timely exchange of information.

The co-operation agreement encompasses provisions related to harvest compensation, contributions to YNLR's established community trust, and opportunities for employment and contracting with northern businesses. This multifaceted agreement is a testament to Appia's dedication to responsible exploration practices, ensuring a positive impact on the local communities.

Mary Denechezhe, elder and YNLR board chair, expressed her thoughts on the agreement, stating: "By establishing this co-operation agreement, we ensure that our people's and communities' wishes regarding land protection and economic development are heard, and our treaty rights are respected. We appreciate Appia's commitment to engaging in respectful and mutually beneficial relations with us."

Appia currently holds surface rights to approximately 113,837.15 hectares (281,297.72 acres) in Saskatchewan, including the Loranger and Eastside properties, both of which are undergoing uranium exploration in Nuhenene.

Stephen Burega, president of Appia, emphasized the alignment of values between Appia and YNLR, saying: "At Appia, we understand and share YNLR's commitment to protecting and monitoring the environment, engaging in thoughtful project advancement, and respecting local traditions and knowledge. This agreement sets the framework for our ongoing engagement with YNLR as we progress in our exploration activities within their territory. It is a respectful way of working together in this territory. This agreement is the materialization of our code of business conduct and ethics policy, our environmental health and safety policy, and our dedication to meaningful reconciliation. Appia looks to capitalize on the rising uranium market with plans to explore our uranium properties within the Wollaston territory, beginning with Loranger in early 2024."

About Appia Rare Earths & Uranium Corp.

Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The company is currently focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, as well as 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 113,837.15 hectares (281,297.72 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. Lastly, the company holds the right to acquire up to a 70-per-cent interest in the PCH project which is 17,551.07 ha in size and located within the Goias state of Brazil (see June 9, 2023, press release). The company successfully added 23,412.11 ha to the PCH project's total hectares by staking 12 new claims, bringing the overall project size to 40,963.18 ha (see Jan. 11, 2024, press release).

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