Appia Announces Drilling Updates on ULTRA HARD ROCK Target and Auger Drilling on ULTRA IAC Target in Goias, Brazil

Rhea-AI Summary

Appia (OTCQB: APAAF) reported that Ultra Rare Earth, operator of the PCH project, has renamed the High-Grade Zone to the ULTRA HARD ROCK carbonatite Target and begun a 7,000 metre diamond drilling campaign using three rigs. Seven new diamond holes (1,513.5 m) have been completed, intercepting carbonatitic breccia to 300 m true vertical depth and remaining open in all directions. Appia retains a 25% interest in the combined ULTRA Hardrock and ULTRA IAC projects (42,932.24 ha) in Goiás, Brazil.

Auger work on the ULTRA IAC target completed 244 holes; assays are pending with initial results expected by year-end and further drilling planned through mid‑January 2026.

Positive

• 7,000 metres planned diamond drilling campaign underway
• Seven new diamond holes completed totaling 1,513.5 metres
• Carbonatite intercepted to 300 m true vertical depth and open laterally
• 244 auger drillholes completed on ULTRA IAC target

Negative

• Assay results for new diamond and auger holes are pending
• Expanded drilling requires additional capital and operational execution through mid‑January 2026

News Market Reaction

+0.06%

1 alert

+0.06% News Effect

On the day this news was published, APAAF gained 0.06%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Drilling campaign length: 7,000 metres Completed diamond holes: 7 holes / 1,513.5 metres Historical intercept 1: 150 m @ 1.34% TREO, 0.13% Nb2O5 +5 more

8 metrics

Drilling campaign length 7,000 metres ULTRA HARD ROCK diamond drilling campaign underway

Completed diamond holes 7 holes / 1,513.5 metres New ULTRA HARD ROCK drilling completed to date

Historical intercept 1 150 m @ 1.34% TREO, 0.13% Nb2O5 PCH-DDH-002 from surface in 2024 campaign

Historical intercept 2 147 m @ 2.00% TREO, 0.23% Nb2O5 PCH-DDH-003 from surface in 2024 campaign

Historical intercept 3 153 m @ 1.32% TREO, 0.20% Nb2O5 PCH-DDH-004 from surface in 2024 campaign

Carbonatite depth 300 metres Carbonatite intercepted to 300 m true vertical depth

Auger drillholes 244 holes ULTRA IAC auger drilling completed across Taygeta, Merope, Gaia

Project interest and size 25% of 42,932.24 ha Appia’s interest in ULTRA Hardrock and ULTRA IAC projects

Market Reality Check

Price: $0.1676 Vol: Volume 342,010 is 3.37x t...

high vol

$0.1676 Last Close

Volume Volume 342,010 is 3.37x the 20-day average, indicating elevated trading interest ahead of this update. high

Technical Price at $0.158 is trading above the $0.12 200-day moving average after a -1.84% daily move.

Peers on Argus

While APAAF fell -1.84%, key uranium peers like NFUNF, BSENF, PTUUF and GVXXF sh...

While APAAF fell -1.84%, key uranium peers like NFUNF, BSENF, PTUUF and GVXXF showed gains between 4.06% and 11.9%, suggesting today’s weakness is stock-specific rather than a sector-wide move.

Historical Context

5 past events · Latest: Dec 09 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 09	Drilling update	Positive	+0.1%	Expanded drilling at ULTRA HARD ROCK and ULTRA IAC with assays pending.
Dec 08	Conference reminder	Neutral	+0.1%	Reminder of virtual conference presentation on exploration progress.
Dec 04	Conference presentation	Positive	-5.0%	Upcoming conference to review exploration strategy and fully funded program.
Nov 28	Warrant exercises	Positive	+3.3%	Exercise of 10.48M warrants raising $1.57M in proceeds.
Oct 14	JV and financing	Positive	+3.8%	Ultra to acquire 50% of Appia Brasil and invest US$2.0M.

Pattern Detected

Recent news-driven moves mostly aligned with the tone of announcements, with one notable selloff on a positive conference-related update.

Recent Company History

This announcement continues a series of updates focused on the Brazilian PCH/ULTRA rare earths project and related financing. On Oct 14, 2025, Appia disclosed Ultra’s planned 50% stake in Appia Brasil and a US$2.0M placement. A $1.57M warrant exercise followed on Nov 28, 2025. Early December releases emphasized conference presentations and a fully funded US$6M program. Today’s release adds detailed drilling progress on the ULTRA HARD ROCK and ULTRA IAC targets.

Market Pulse Summary

This announcement details substantial progress on the ULTRA HARD ROCK carbonatite and ULTRA IAC targ...

Analysis

This announcement details substantial progress on the ULTRA HARD ROCK carbonatite and ULTRA IAC targets in Brazil, including a 7,000 metre diamond drill program and 244 auger holes. It builds on earlier disclosures about funding and joint venture arrangements with Ultra Rare Earth. Key risk factors include pending assay results and the need to confirm grade continuity at depth and across sectors. Investors may focus on upcoming assays and follow-up drilling plans.

Key Terms

carbonatite, breccia, ionic adsorption clay, rare earth elements, +1 more

5 terms

carbonatite technical

"The High-Grade Zone has been renamed the ULTRA HARD ROCK carbonatite Target."

A carbonatite is an uncommon type of igneous rock formed from magma that is unusually rich in carbonate minerals, so it behaves like a concentrated pocket of certain chemical ingredients in the Earth’s crust. It matters to investors because these rocks often host commercially important minerals—such as rare earth elements, niobium and phosphate—that are critical for electronics, clean-energy technologies and fertilizers, so discovering or developing a carbonatite can point to a valuable mineral deposit.

breccia technical

"intercept carbonatitic breccia from surface to the end of hole."

Breccia is a type of rock made of angular, broken fragments of rock stuck together by a finer material, like broken tiles set in cement. In mining and exploration it matters because breccias can form pathways and traps for mineral-bearing fluids, so they often host concentrations of valuable metals or influence how easy it is to drill and extract ore. For investors, breccia zones can signal higher upside or greater complexity and cost in a project.

ionic adsorption clay technical

"confirming expansion in the area of the Ionic Adsorption Clay (IAC) Rare Earth Elements (REE)."

A type of clay-rich soil that holds valuable metals, especially rare earth elements, loosely attached to the surfaces of its particles so they can be removed by mild washing. Investors care because these deposits are a lower-cost, easier-to-process source of strategic metals — like a sponge that releases salt when rinsed — which can affect supply, production costs and pricing in industries that rely on those metals.

rare earth elements technical

"Ionic Adsorption Clay (IAC) Rare Earth Elements (REE)."

Rare earth elements are a set of 17 chemical metals used to make powerful magnets, batteries, catalysts and many tiny components inside electronics, renewable energy equipment and defense systems. They matter to investors because they are essential inputs for fast‑growing industries, and limited or concentrated supply can drive prices, create production bottlenecks or shift competitive advantage — like a factory running short of a specialized ingredient that halts output and affects profits.

National Instrument 43-101 regulatory

"a Qualified Person as defined by National Instrument 43-101."

National Instrument 43-101 is a set of rules and guidelines that govern how mineral exploration and mining companies must report information about their projects. It ensures that the details shared with investors are accurate, consistent, and reliable—similar to how a detailed, verified blueprint ensures a building’s safety. This helps investors make informed decisions based on trustworthy information about a company's mineral resources.

AI-generated analysis. Not financial advice.

Toronto, Ontario--(Newsfile Corp. - December 9, 2025) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce that Ultra Rare Earth Inc. ("Ultra") is continuing with the diamond drill program, announced by Appia in its press release dated October 22, 2025, on the High Grade Zone on the project formerly known as the PCH Project. Ultra acquired a 50% interest in the PCH Project on October 31, 2025 (see Press Release dated November 3, 2025). Ultra is now the Operator of the PCH project. The High-Grade Zone has been renamed the ULTRA HARD ROCK carbonatite Target. The diamond drilling program under the supervision of Ultra continues to intercept carbonatitic breccia from surface to the end of hole. Ultra is continuing with the auger drilling commenced by Appia in August on the Taygeta, Merope and Gaia targets, which have been renamed the ULTRA IAC target and comprise the Taygeta, Merope and Gaia sectors respectively, confirming expansion in the area of the Ionic Adsorption Clay (IAC) Rare Earth Elements (REE). Appia holds a 25% interest in the ULTRA Hardrock and ULTRA IAC Projects, which is 42,932.24 ha. in size and located within the state of Goiás in Brazil.

Highlights

• ULTRA HARD ROCK - 7,000 metres drilling campaign underway with three diamond drill rigs.
• ULTRA HARD ROCK - 7 new drillholes already completed (1,513.5 metres) intercepting the carbonatite on all their extensions.
• ULTRA HARD ROCK - Carbonatite intrusion remains open in all directions.
• ULTRA HARD ROCK - The drillholes of this campaign are an extension of the three drillholes PCH-DDH-002, PCH-DDH-003, PCH-DDH-004 executed in 2024 that intercepted 150m @ 1.34% TREO, 0.13% Nb2O5 from surface; 147m @ 2.00% TREO, 0.23% Nb2O5 from surface; 153m @ 1.32% TREO, 0.20% Nb2O5 from surface respectively (see Press Release dated March 10^th 2025).
• ULTRA HARD ROCK - Carbonatite was intercepted at 300 metres true vertical depth and remains open at depth.
• ULTRA IAC - 244 auger drillholes completed.

Tom Drivas, CEO & Director of Appia, commented: "The drill core results from the first three diamond drill holes of the October 2025 drill program were visually very similar to the results from the 2024 drill campaign; prompting Ultra to mobilize two additional drill rigs to site to expedite the drilling of an additional 20 holes (6,000 m) to complete the expanded drilling program by mid-to-January 2026."

The new drillholes are planned to reach up to 300 metres with the main goal being to delineate the dimensions of the carbonatitic intrusion and confirm the continuity of the grades already identified in the previous program. All the new drillholes on the ULTRA Hard rock carbonatite Target intercepted only carbonatitic breccial similar to the ones already tested (Figure 1). Assay results are pending, and initial results are expected by the end of the year.

Figure 1- Location of all drillholes completed to date on the Carbonatite.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/277431_5b314cc934a28b25_001full.jpg

Auger drilling on the IAC zones is progressing well with results on the Gaia sector showing similar grades and desorption characteristics to those found on the Merope and Taygeta sectors (Table 1). The auger drilling is now expanding the Taygeta sector and will be followed by auger drilling on the Merope sector (Figure 2). Assay results from the latest auger drilling on the Taygeta sector are pending.

Table 1 - Average grades found on each sector of the ULTRA IAC target. Please refer to Press Release dated January 22, 2025 regarding the results for the Taygeta and the Merope Zones.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/277431_5b314cc934a28b25_003full.jpg

Figure 2 - Location of all auger drillholes over Ultra IAC Target completed to date.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/277431_5b314cc934a28b25_005full.jpg

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

About Appia Rare Earths & Uranium Corp.

Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company holds a 25% interest in the Ultra Hardrock and Ultra IAC Projects, which is 42,932.24 ha. in size and located within the state of Goiás in Brazil.

The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property and 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 94,982.39 hectares (234,706.59 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.

Appia has 194.4 million common shares outstanding, 206.8 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.

Contact:

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277431

FAQ

What did Appia (APAAF) announce on December 9, 2025 about the ULTRA HARD ROCK drilling?

Appia announced Ultra began a 7,000 m diamond drill campaign; seven holes (1,513.5 m) were completed and carbonatite was intercepted to 300 m depth.

How much of the PCH project does Appia (APAAF) own after the Ultra agreement?

Appia holds a 25% interest in the ULTRA Hardrock and ULTRA IAC projects covering 42,932.24 ha in Goiás, Brazil.

When are assay results for the APAAF drilling expected?

The release states initial assay results are expected by the end of the year with further assay data pending thereafter.

What progress was reported on the ULTRA IAC (Ionic Adsorption Clay) target for APAAF?

Auger drilling has completed 244 holes across Taygeta, Merope and Gaia sectors, with results on Gaia showing similar grades and desorption characteristics to other sectors.

What is the drilling timeline and next steps for the APAAF ULTRA Hard Rock program?

Two additional rigs were mobilized to expedite drilling with plans to add ~20 holes (~6,000 m) to complete the expanded program by mid‑to‑January 2026.

Did the recent APAAF drillholes confirm continuity with prior results?

The new drillholes intercepted carbonatitic breccia similar to prior holes that previously reported intervals such as 150 m @ 1.34% TREO and 147 m @ 2.00% TREO from surface.