Appia Completes Transaction with Ultra Rare Earth Inc., Securing $2,780,000 CAD in Financing

Transaction Closure: Appia Rare Earths & Uranium Corp. has successfully closed a private placement with Ultra Rare Earth Inc., resulting in Ultra acquiring a 50% interest in Appia Brasil Rare Earths Mineracao Ltda for a total investment of US $6 million to advance the PCH Project in Brazil.

Project Development Plans: The funds from Ultra will be utilized for drilling to expand high-grade rare earth mineralization and to prepare a mineral resource estimate, with the goal of advancing the PCH Ionic Clay project to the prefeasibility study stage.

Management Structure: A new management committee has been established, consisting of representatives from Ultra, Appia, and Antonio, with Ultra designated as the operator responsible for the exploration and development of the property.

Future Financing and Rights: Following the completion of a prefeasibility study, Ultra is obligated to acquire a 100% interest in Appia Brasil, providing Appia and Antonio with pre-emptive rights to participate in future financings to maintain their equity interests.