Appia Announces Outstanding Re-Assayed Diamond Drill Results Including 100 Metres Averaging 3,577 PPM TREO at Its PCH Ionic Clay Project, Brazil

Key Weighted Average TREO Concentrations: 0-100 Metres 3,577 PPM, 0-18 Metres 9,445 PPM, Including 7 Metres 18,275 PPM, 3 Metres 25,317 PPM, and 1.5 Metres 30,642 PPM

Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0)(the "Company" or "Appia") is pleased to report significant assay results from its discovery Diamond Drill Hole (DDH) PCH-F01, located within the highly prospective Target IV zone at its PCH ionic adsorption clay project in Brazil. Appia has re-assayed the entire hole PCH-F01 as part of its due diligence, and assay results from surface to 18 metres include 9,445 parts per million (ppm) Total Rare Earth Oxide (TREO), 2,786 ppm Magnet Rare Earth Oxide (MREO), 787 ppm Heavy Rare Earth Oxide (HREO), and 8,658 ppm Light Rare Earth Oxide (LREO).

DDH PCH-F01, originally drilled vertically to 100 metres depth during the vendors' exploration campaign in 2021, has been re-assayed and updated with the nomenclature DDH PCH-F01R. This hole intercepted a high-grade mineralized weathered profile to bedrock, spanning from the surface to 18 metres. The re-assaying confirmed the presence of continued high-grade mineralization throughout the intercepted hard rock zone, with the mineralization continuing until the end of drill hole at 100 metres depth.

Highlights:

Composite results across 100 metres:
- 3,577 ppm or 0.36% TREO including 968 ppm or 0.10% MREO, 293 ppm or 0.03% HREO, and 3,284 ppm or 0.33% LREO.
Composite results from 0-18 metres:
- 9,445 ppm or 0.94% TREO including 2,786 ppm or 0.28% MREO, 787 ppm or 0.08% HREO, and 8,658 ppm or 0.86% LREO.
Composite results 0-7 metres:
- 18,275 ppm or 1.83% TREO, 5,640 ppm or 0.56% MREO, 1,550 ppm or 0.16% HREO, and 16,725 ppm or 1.67% LREO
  - Including 3 metres at 25,317 ppm or 2.53% TREO, 8,473 ppm or 0.85% MREO, 2,102 ppm or 0.21% HREO, and 23,215 ppm or 2.32% LREO from 1.5m to 4.5m; and
  - Including 1.5 metres at 30,642 ppm or 3.06% TREO, 11,219 ppm or 1.12% MREO, 2,434 ppm or 0.24% HREO, and 28,208 ppm or 2.82% LREO from 2m to 3.5m.

DIAMOND DRILLHOLE PCH-F01R (ASSAY IN OXIDE_PPM, BY SGS LAB)
Interval	0-18m	with 0-7m	with 1.5-4.5m	with 2.0-3.5m	18-100m	with 27-47m	with 51-78	with 82-100m	0-100m
TREO	9,445	18,275	25,317	30,642	2,289	2,695	2,815	2,165	3,577
MREO	2,786	5,640	8,473	11,219	568	711	680	519	968
LREO	8,658	16,725	23,215	28,208	2,105	2,444	2,600	2,009	3,284
HREO	787	1,550	2,102	2,434	184	251	215	156	293
Magnet REO
Interval	0-18m	with 0-7m	with 1.5-4.5m	with 2.0-3.5m	18-100m	with 27-47m	with 51-78	with 82-100m	0-100m
Nd₂O₃	1,624	3,202	4,440	5,150	361	446	434	333	589
Pr₆O₁₁	751	1,627	2,923	4,780	111	134	134	104	226
Sm₂O₃	246	487	678	786	58	77	68	52	92
Dy₂O₃	139	272	361	421	32	45	37	26	51
Tb₄O₇	27	53	71	82	6	8	7	5	10
Light - LREO
Interval	0-18m	with 0-7m	with 1.5-4.5m	with 2.0-3.5m	18-100m	with 27-47m	with 51-78	with 82-100m	0-100m
La₂O₃	2,167	4,119	5,730	6,784	550	626	683	529	841
CeO₂	4,116	7,777	10,122	11,495	1,082	1,237	1,349	1,044	1,628
Pr₆O₁₁	751	1,627	2,923	4,780	111	134	134	104	226
Nd₂O₃	1,624	3,202	4,440	5,150	361	446	434	333	589
Heavy - HREO
Interval	0-18m	with 0-7m	with 1.5-4.5m	with 2.0-3.5m	18-100m	with 27-47m	with 51-78	with 82-100m	0-100m
Sm₂O₃	246	487	678	786	58	77	68	52	92
Eu₂O₃	65	127	175	202	16	22	19	14	25
Gd₂O₃	181	359	492	565	43	60	50	37	68
Tb₄O₇	27	53	71	82	6	8	7	5	10
Dy₂O₃	139	272	361	421	32	45	37	26	51
Ho₂O₃	26	51	66	76	5	8	6	4	9
Er₂O₃	60	117	151	175	14	19	16	10	22
Tm₂O₃	7	14	18	21	1	2	2	1	3
Yb₂O₃	32	63	81	94	8	10	9	6	12
Lu₂O₃	3	7	8	10	1	1	1	1	1

Table 1 - Diamond Drill Hole PCH-F01R Composite Assay Results.

Click HERE for a complete listing of the full assay results.

"These results from DDH PCH-F01R confirm the presence of an alkaline breccia with significant concentrations of REE throughout the hard rock beneath the clay and saprolite zones," commented Stephen Burega, President. He continued, "DDH PCH-F01R is situated northeast of the previously reported PCH RC-063 hole, located in the southwest quadrant of Target IV. This Reverse Circulation (RC) hole revealed TREO results as high as 92,758 ppm from 10-to-12 metres, with a total weighted average of 38,655 ppm TREO from 0 to 24 metres, remaining open at depth." (See press release dated January 16, 2024 HERE)

Burega continued, "We have seen remarkable grades across Target IV, spanning from RC to DDH results. Numerous intercepts surpass 10,000 ppm TREO, including PCH-F01R, where the results support the ultra-high grade weathered profile. The team has identified two high-grade zones within Target IV, approximately 300 metres apart, interconnected with mineralization at shallow depths."

Figure 1 - Strip log of DDH PCH-F01R

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/197230_d78b397f34aadb8f_002full.jpg

Map 1 - Map of RC drilling location.

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Image 1 - Photograph of Alkaline Breccia from DDH PCH-F01

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/197230_d78b397f34aadb8f_004full.jpg

Table 2 PCH-F01R collar details - SIRGAS 2000 - UTM zone 22S.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/197230_d78b397f34aadb8f_005full.jpg

Appia is committed to transparent communication and will continue to provide timely updates on the progress of our exploration efforts and the development of a maiden Mineral Resource Estimate in partnership with SGS Canada. We are dedicated to sharing advancements in our exploration program and will release assay results from RC, DDH, and auger drilling as they become available.

Background on the PCH Project

The PCH Project is located within the Tocantins Structural Province in the Brasília Fold Belt, more specifically, the Arenópolis Magmatic Arc. The PCH Project is 40,963.18 hectares in size and located within the Goiás State of Brazil. It is classified as an alkaline intrusive rock occurrence with highly anomalous REE and Niobium mineralization. This mineralization is related to alkaline lithologies of the Fazenda Buriti Plutonic Complex and the hydrothermal and surface alteration products of this complex by supergene enrichment in a tropical climate. The positive results of the recent geochemical exploration work carried out to date indicates the potential for REEs, niobium (Nb), scandium (Sc) and cobalt (Co) within lateritic ionic adsorption clays.

QA/QC

The historic diamond drill holes, including DDH-PCHF01, are NQ size (47.6 mm diameter) vertical and reported intervals are true widths. It has been sampled at approximately one metre intervals, resulting in average sample sizes of approximately 1 - 5 kg. Drill core is geologically logged, photographed, marked for sampling and cut by diamond saw. One half of the core is taken for sampling at Appia's logging facility, bagged in a resistant plastic bag, labeled, photographed, and stored for shipment. The remaining half is stored at Appia's secure core storage facility.

Appia re-assayed the entire hole using pulp from original samples and updated nomenclature to PCH-F01R. The samples were sent to the SGS laboratory in Vespasiano, Minas Gerais. In addition to the internal QA/QC of the SGS Lab, Appia has used its own control samples in each batch sent to the laboratory.

Quality control samples, such as blanks, duplicates, and standards (CRM) are inserted into each analytical run. For all analysis methods, the minimum number of QA/QC samples is one standard, one duplicate and one blank, introduced every batch. The rigorous procedures implemented during the sample collection, preparation, and analysis stages underscore the robustness and reliability of the analytical results obtained.

All analytical results reported herein have passed internal QA/QC review and compilation. All assay results of DDH samples were provided by SGS Geosol, an ISO/IEC 17025:2005 certified laboratory, which performed their measure of the concentration of rare earth elements (REE) analyses by Inductively Coupled Plasma Mass Spectrometry (ICP-MS) analytical methods.

The technical content in this news release was reviewed and approved by Mr. Don Hains, P.Geo, Consulting Geologist, and a Qualified Person as defined by National Instrument 43-101.

About Appia Rare Earths & Uranium Corp. (Appia)

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% 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% interest in the PCH Project (See June 9^th, 2023 Press Release - Click HERE) which is 40,963.18 ha. in size and located within the Goiás State of Brazil. (See January 11^th, 2023 Press Release - Click HERE)

Appia has 136.3 million common shares outstanding, 144.1 million shares fully diluted.

Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

For more information, visit www.appiareu.com.

As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (X, Facebook, LinkedIn) please feel free to send direct messages.

To book a one-on-one 30-minute Zoom video call, please click here.

Contact:

Tom Drivas, CEO and Director
(c) (416) 876-3957
(e) tdrivas@appiareu.com

Stephen Burega, President
(c) (647) 515-3734
(e) sburega@appiareu.com

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Appia Begins Drilling at the Uranium-Bearing Loranger Property, Wollaston Lake, Saskatchewan, Canada

Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is excited to announce the commencement of its diamond drilling program at the uranium-bearing Loranger property adjacent to the renowned Athabasca Basin. The goal of this program is to target favorable geophysical indicators intersecting the Tabbernor Fault system, with the primary objective of discovering conductors and alteration halos that may lead to uranium mineralization. The program will include up to 1,000 meters of drilling across 3 to 4 drill targets.

Stephen Burega, President of Appia, commented: "With the commencement of the Loranger drill program, Appia reconfirms its commitment to moving our uranium assets in Saskatchewan forward. Following the completion of a successful ground reconnaissance program on our Eastside property last month (see June 5^th 2024 Press Release), we now have a drill testing a number of intriguing conductors at the Loranger property aimed at uncovering uranium mineralization and key geological indicators to further our understanding of the project's potential."

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Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce the details regarding their upcoming diamond drilling program at their Loranger property, SK. Located within the eastern Wollaston Domain, Loranger is situated adjacent to the renowned, uranium-rich Athabasca Basin and holds strong potential for hosting valuable uranium deposits. The focus of this program is to strategically target highlighted NE-SW electromagnetic conductors at depth (Figure 1) using results from the VTEM Plus geophysical survey conducted in 2021 by Geotech Airborne Geophysical Surveys Ltd.

Stephen Burega, President, stated: "We are looking forward to getting our diamond drilling program at Loranger underway. The project is adjacent to the east side of the uranium-rich Athabasca Basin, and this program targets NE-SW electromagnetic conductors identified by the 2021 Resistivity Depth Imaging survey, aiming to uncover significant uranium deposits."

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Stephen Burega, President stated, "We have accomplished an amazing amount of work over the past year with a modest budget of $1 million USD. We achieved many milestones including a maiden Mineral Resource Estimate (MRE) on our first two targets, Target IV and Buriti Zone (See press release dated March 1^st, 2024); we completed initial desorption testing confirming the ionic clay characterization of the mineralization; and we identified an additional four (4) new highly prospective target zones covering an area of over 2,400 hectares while re-confirming that the regolith developed over the Ipora Granite presents significant enrichment of Heavy Rare Earth Oxides (HREO), indicative of Ionic Adsorption Clay (IAC) rare earth elements (REE) deposits. The impressive HREO results identified across multiple zones of homogeneous mineralization highlights the true potential of the PCH project."

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Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company") a leading U.S.-based critical minerals company, announces the results of the election of directors at its annual and special meeting of shareholders (the " Meeting ") held virtually on June 11, 2024 .

The ten (10) nominees proposed by management for election as directors were elected by the shareholders of the Company, through a combination of votes by proxy and electronic poll, as follows:

Nominee	Votes For	% For	Votes Withheld or Abstained	% Withheld or Abstained
J. Birks Bovaird	45,321,752	91.23 %	4,358,256	8.77 %
Mark S. Chalmers	47,226,027	95.06 %	2,453,981	4.94 %
Benjamin Eshleman III	47,674,386	95.96 %	2,005,622	4.04 %
Ivy V. Estabrooke	47,119,198	94.85 %	2,560,810	5.15 %
Barbara A. Filas	46,967,300	94.54 %	2,712,708	5.46 %
Bruce D. Hansen	47,922,396	96.46 %	1,757,612	3.54 %
Jaqueline Herrera	46,948,646	94.50 %	2,731,362	5.50 %
Dennis L. Higgs	48,312,025	97.25 %	1,367,983	2.75 %
Robert W. Kirkwood	47,763,461	96.14 %	1,916,547	3.86 %
Alexander G. Morrison	48,511,981	97.65 %	1,168,027	2.35 %

About Energy Fuels : Energy Fuels is a leading U.S.-based uranium and critical minerals company. The Company, as a leading producer of uranium in the United States , mines uranium and produces natural uranium concentrates that are sold to major nuclear utilities for the production of carbon-free nuclear energy. Energy Fuels recently began production of advanced rare earth element (" REE ") materials, including mixed REE carbonate in 2021, and commenced production of commercial quantities of separated REEs in 2024. Energy Fuels also produces vanadium from certain of its projects, as market conditions warrant, and is evaluating the recovery of radionuclides needed for emerging cancer treatments. Its corporate offices are in Lakewood, Colorado , near Denver , and substantially all its assets and employees are in the United States . Energy Fuels holds two of America's key uranium production centers: the White Mesa Mill in Utah and the Nichols Ranch in-situ recovery (" ISR ") Project in Wyoming . The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U ₃ O ₈ per year and has the ability to produce vanadium when market conditions warrant, as well as REE products, from various uranium-bearing ores. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U ₃ O ₈ per year. The Company recently acquired the Bahia Project in Brazil and entered into a joint venture agreement to develop the Donald Project in Australia , each of which is believed to have significant quantities of titanium (ilmenite and rutile), zirconium (zircon) and REE (monazite) minerals. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects in production, on standby and in various stages of permitting and development. The primary trading market for Energy Fuels' common shares is the NYSE American under the trading symbol "UUUU," and the Company's common shares are also listed on the Toronto Stock Exchange under the trading symbol "EFR." Energy Fuels' website is www.energyfuels.com .

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Assumptions	Unit
Mineral resources	M dmt	73
Project Duration	Years	11
Average annual production (dry)	K tonnes per annum	380
Average total Fe In-situ grade to plant	%	6.7
Average total Fe metallurgical recovery	%	51.6
Average concentrate grade sold	% Fe	66.8
Economic Assumptions
P65 Index CFR China Iron ore price	US$/dmt	121
Average realised price (Inc. high grade premium)	US$/dmt	145
Average shipping cost	US$/dmt	21
Capital Cost
Construction period	Years	2
Initial capex (excl. closure and sustaining)	US$ million	64.6
Operating cost per tonne
Total cash cost (C1 Cost)	US$/dmt	53
Total AISC	US$/dmt	61

Category	Million Tonnes	Total Fe grade %	Total Fe (Mt)	Fe2O3%
Inferred	73	6.7	4.9	9.6

Parameter	Value	Units
Project Production Rate	Mtpa	7.0
Average Strip Ratio	t/t	0.016
Average total Fe Grade in Extracted Tailings	%	6.7
Total Mined Iron	Mt	4.9
LOM	Years	11
Extraction Cost - OPEX	US$/t	0.9
Process Cost - OPEX	US$/t	1.56
Anticipated Average Concentrate Grade	%	66.8

Description	US$ (M)
Processing Plant	44.2
Infrastructure	4.5
Extraction	N/A as will be using contract mining
Indirect Costs (DE Study and EPCM)	8.3
Estimated Sub-Total Cost	57
Contingency 15%	8
Sustaining	3
Closure cost	3
Estimated Total Cost	71

Area	US$/t ROM	US$/t concentrate
Tailings extraction (incl. tailings disposal)	0.90	17.56
Processing	1.56	29.93
Transport all in to port	0.32	6.32
G&A	0.30	5.76
Royalty (0.5% of revenue)	0.035	0.69
Total Opex	3.12	60.26

	Base Case	CAPEX	Selling price (FOB)	LOM OPEX
		15%	-15%	15%	-15%	15%	-15%
IRR	30.3%	25.8%	35.9%	38.8%	20.3%	25.9%	34.3%
NPV
0%	$112,100	$105,974	$117,891	$155,051	$67,795	$90,600	$133,270
5%	$71,415	$65,511	$77,063	$102,257	$39,487	$ 56,146	$86,434
7%	$59,485	$53,652	$65,083	$86,773	$31,192	$46,030	$72,712
10%	$44,910	$39,176	$50,433	$67,844	$21,076	$33,666	$55,953

Economic Assumptions	Unit
P65 Index CFR China Iron ore price	US$/dmt	121
Average realised price (Inc. high grade premium)	US$/dmt	145
Freight	US$/wmt	21
Pre-Tax NPV at 7% discount rate	US$M	93.6
Pre-Tax IRR	%	38
Post-Tax NPV 7% discount rate	US$M	59.5
Post-Tax IRR	%	30
Payback	years	2.5
PI		0.92

Appia Announces Outstanding Re-Assayed Diamond Drill Results Including 100 Metres Averaging 3,577 PPM TREO at Its PCH Ionic Clay Project, Brazil

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Overview

Company Highlights

Key Projects

Athabasca Basin Projects

Alces Lake

Project Highlights:

Loranger

North Wollaston

Eastside

Otherside:

Elliot Lake Project

Project Highlights:

PCH Project - Brazil

Project Highlights:

Management Team

Anastasios (Tom) Drivas - CEO and Director

Stephen Burega - President

Frank van de Water - CFO, Secretary and Director

Dr. Irvine R. Annesley - VP of Exploration

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