Appia Re-Evaluates Potential of Its Elliot Lake Uranium Deposits in View of Increased Uranium Prices, Confirmation of Significant Rare Earth Mineralization and Bulk Mining Potential

Toronto, Ontario–(Newsfile Corp. – November 16, 2023) – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0.F) (FSE: A0I0.MU) (FSE: A0I0.BE) (the " Company " or " Appia ") is pleased to announce that the Company is revisiting its large uranium-rare earths deposits located at Elliot Lake, Ontario to examine the impact of increased uranium prices and confirmation of significant rare element ("REE") mineralization . The Company will also evaluate the cost-saving potential of bulk mining the Teasdale Lake and Banana Lake Zones.

In 2007-08 and 2012, Appia completed drill programs to confirm mineralization detailed in historical resource estimates for the Teasdale Lake and Banana Lake Zones. Following the drill program, Appia engaged consulting firm Watts, Griffis and McOuat Limited ( WGM ) to provide an updated NI 43-101 Resource Estimate for the two zones.

The technical report was prepared in accordance with the provisions of National […]

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