APPIA RARE EARTHS URANIN - APAAF STOCK NEWS

Appia Rare Earths & Uranium Corp. (CSE: API, OTCQX: APAAF) has signed a non-binding memorandum of understanding (MOU) with 15997356 Canada Inc. to option up to a 100% working interest in the Elliot Lake Uranium Project. The purchaser can initially earn a 51% interest by paying $25 million by October 31, 2024, and must provide a financing commitment by July 9, 2024. Following this, the purchaser has 36 months to deliver a bankable feasibility study or an additional 12 months with a $5 million payment. Upon delivery, the purchaser can acquire the remaining 49% interest for $50 million. If the feasibility study isn't delivered within the extended timeline, a joint venture is formed with the purchaser obligated to make $15 million in initial expenditures to maintain their interest. The transaction is subject to due diligence, a definitive agreement, and regulatory approval.

Appia Rare Earths & Uranium Corp. announced promising initial results from new exploration targets, Taygeta and Merope, at their PCH project in Brazil. A total of 111 samples from 18 auger drill holes showed significant enrichment of Heavy Rare Earth Oxides (HREO). Key intercepts include 4m@1848ppm TREO, 1138ppm HREO, and 106ppm Dy+Tb from sample PCH-AH-190. The targets, covering 546 and 1,134 hectares respectively, are larger in area compared to Target IV. Desorption test results are pending. The project's next steps include further delineation drilling upon favorable results. The PCH project area spans over 40,000 hectares.

Appia Rare Earths & Uranium Corp. (APAAF) is hosting a webinar on May 14th at 9:45 AM EDT with President Stephen Burega, VP Andre Costa, and analyst John Tumazos. The event will discuss the latest company developments.

Appia Rare Earths & Uranium Corp. announced the confirmation of Ionic Adsorption Clay rare earth elements at the PCH project in Brazil. Desorption tests showed high-grade recoveries for Magnet and Heavy Rare Earth Oxides, indicating commercial viability. The project covers a vast area with potential for new discoveries. The company aims to optimize the desorption process to maximize recoveries and minimize costs. The presence of two distinct mineralization styles enhances the project's potential. The recent mineral resource estimate on Target IV and the Buriti Zone underscores the project's progress.

Appia Rare Earths & Uranium Corp. appoints Mr. Andre Costa as the new VP Exploration for Brazil Operations. Mr. Costa brings 29 years of mineral exploration experience to oversee the development of the PCH Ionic Adsorption Clay project in Goias, Brazil. His role includes further delineating extension zones at current targets, drill testing high-potential REE areas, and managing ongoing metallurgic testing programs.

Appia Rare Earths & Uranium Corp. announced the filing of a NI 43-101 Technical Report for the PCH Ionic Adsorption Clay Project in Brazil, revealing 6.6 million tonnes indicated at 2,513 ppm TREO and 46.2 million tonnes inferred at 2,888 ppm TREO. The report highlights exceptional grade and volume in Target IV and Buriti zones, with a high-grade zone identified in Target IV. The phase II auger drilling program is ongoing to confirm additional high-grade mineralization across a large area. The Mineral Resource Statement prepared by SGS for the PCH Project outlines the estimated resources and the methodology used for the estimation.

Appia Rare Earths & Uranium Corp. has engaged Generation IACP Inc. to provide market making services, with a monthly fee of C$7,500. The agreement is for an initial term of six months, automatically renewable, and includes a 3% annual fee increase starting from the first anniversary. No stock options or other compensation are granted, and IACP is an arm's length party to the Company.

Appia Rare Earths & Uranium Corp. announces its participation in the 2024 PDAC Convention. The company will exhibit its maiden MRE for the PCH Project with 6.6 Mt Indicated and 46.2 Mt Inferred resources of rare earth elements. Appia also highlights the presence of Neodymium, Praseodymium, Dysprosium, and Terbium in the deposit, crucial for magnet production.

Appia Rare Earths & Uranium Corp. announces a maiden Mineral Resource Estimate for its PCH Project in Brazil, showcasing significant rare earth elements concentrations and potential value. The MRE includes 6.6 Mt Indicated and 46.2 Mt Inferred resources with high-grade mineralization. The Company is evaluating desorbed rare earth oxide potential and identifying Scandium and Cobalt anomalies. The MRE was prepared by SGS Canada Inc. and follows NI 43-101 standards.