05:28:07 EDT Thu 20 Jun 2024
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or Name

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Appia Rare Earths & Uranium Corp
Symbol API
Shares Issued 136,333,594
Close 2024-04-16 C$ 0.125
Market Cap C$ 17,041,699
Recent Sedar Documents

Appia Rare Earths hires Generation IACP as market-maker

2024-04-16 12:35 ET - News Release

Mr. Tom Drivas reports


Appia Rare Earths & Uranium Corp. has engaged Generation IACP Inc. to provide services as a market-maker in compliance with the policies and guidelines of the Canadian Securities Exchange and other applicable legislation.

IACP will receive a fee of $7,500 plus applicable taxes per month. The agreement between the company and Generation IACP is for an initial term of six months and shall be automatically renewed for subsequent six-month periods unless the company provides written notice of termination to Generation IACP at least 30 days prior to the end of the term or Generation IACP provides a written notice of termination to the company. Commencing on the first anniversary of the agreement, the fee payable to Generation will automatically increase annually by 3 per cent.

No stock options or other compensation are being granted in connection with the engagement. Generation IACP does not currently own any securities of the company; however, IACP and its clients may acquire an interest in the securities of the company in the future.

Generation IACP is an arm's-length party to the company. Generation IACP's market-making activity will be primarily to correct temporary imbalances in the supply and demand of the company's shares. Generation IACP will be responsible for the costs it incurs in buying and selling the company's shares, and no third party will be providing funds or securities for the market-making activities.

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 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. Lastly, the company holds the right to acquire up to a 70-per-cent interest in the PCH project (see June 9, 2023, press release), which is 40,963.18 hectares in size and located within the Goias state of Brazil (see Jan. 11, 2024, press release).

Appia has 136.3 million common shares outstanding and 144.5 million shares fully diluted.

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