Appia Rare Earths & Uranium Corp. Raises $734,200 for Exploration and Potential 50% Stake Sale
Appia Rare Earths & Uranium Corp. (CSE: API, OTC: APAAF) has raised $734,200 through a private placement. The funds will support general working capital and exploration on Appia's properties in Brazil and Saskatchewan. Notably, Ultra Rare Earth Inc. is set to acquire a 50% interest in Appia Brasil Rare Earths Mineracao Ltda, which holds the PCH Project in Brazil.
The private placement involved the issuance of 3,968,648 working capital units, with each unit consisting of one common share at $0.185 and one-half common share purchase warrant. Each full warrant allows the holder to purchase one common share at $0.30 per share for two years or upon certain conditions. Appia currently has 170 million common shares outstanding and 210 million shares fully diluted.
The potential acquisition by Ultra Rare Earth Inc. involves the PCH Project in Brazil, held by Appia Brasil Rare Earths Mineracao Ltda. Ultra has until October 15, 2025, to complete the transaction, as outlined in the Binding Term Sheet dated August 29, 2025. As part of this deal, Ultra will invest $2 million into an Appia unit private placement.
Appia's private placement has raised significant funds for working capital and exploration. The potential acquisition by Ultra Rare Earth Inc. could further boost Appia's prospects in the rare earth elements and uranium sector. The transaction, if completed, will see Ultra acquire a 50% interest in the PCH Project in Brazil.
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