Appia Rare Earths & Uranium Corp. has recently announced a non-brokered private placement to raise up to $1,000,000 in working capital for the exploration of the Corporation’s PCH Project in Brazil. The private placement will consist of up to 10,000,000 working capital units (WC Units) priced at $0.10 per WC Unit.
Each WC Unit will include one common share of the Company priced at $0.10 per share and one common share purchase warrant (WC Warrant). The WC Warrant will entitle the holder to purchase one common share at a price of $0.20 per share until the earlier of twelve months from closing or the Trigger Date.
Eligible Finders may receive up to 6% of the value of proceeds on the sale of the WC Units in cash and up to 6% of the number of WC Units sold in the form of broker warrants. Insiders of the Company may subscribe for up to 25% of the Offering.
Appia Rare Earths & Uranium Corp. is a publicly traded Canadian company focused on the rare earth element and uranium sectors. The Company holds the right to acquire up to a 70% interest in the PCH Ionic Adsorption Clay Project in Brazil, which spans an area of 40,963.18 hectares. Additionally, the Company is actively exploring for high-grade critical rare earth elements, gallium, and uranium in various properties in Canada.
The private placement will provide Appia with the necessary funding to advance its exploration activities and further develop its projects. The Company’s commitment to the rare earth element and uranium sectors showcases its dedication to contributing to the global demand for these critical minerals.
For more information about Appia Rare Earths & Uranium Corp. and its projects, please visit their website at www.appiareu.com.