Appia Announces That Stephen Burega is Leaving the Company
Rhea-AI Summary
Appia Rare Earths & Uranium Corp (CSE: API) (OTCQB: APAAF) announced that Stephen Burega is departing from his position as President of the company, effective immediately. Burega, who served as President since January 2023, is leaving to focus on his role as CEO and President of Romios Gold Resources Inc. and other ventures.
Tom Drivas has been appointed as Interim President while the company begins its search for a permanent replacement. Burega has agreed to assist in facilitating the company's ongoing operations and the transition of his responsibilities to the new President.
Positive
- Orderly transition process with former President agreeing to assist in handover
Negative
- Sudden departure of company President creates leadership uncertainty
- Temporary leadership situation with interim President appointment
News Market Reaction
On the day this news was published, APAAF gained 9.21%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Toronto, Ontario--(Newsfile Corp. - March 12, 2025) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") wishes to advise that Stephen Burega is leaving the Company to focus his attentions on his role as CEO and President of Romios Gold Resources Inc. and other endeavours. He will cease to act as President of the Company effective immediately. Tom Drivas has been appointed Interim President. Mr. Burega has agreed to provide reasonable assistance as may be required to facilitate the continuing operations of the Company and the transition of the functions formally performed by him to a new President. The Company will be commencing a search for a suitable replacement for Stephen.
The Board of Directors wishes to thank Stephen for his service to the Company as President since January of 2023 and wishes him the best in his future endeavours.
About Appia Rare Earths & Uranium Corp. (Appia)
Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company holds the right to acquire up to a
Appia has 153 million common shares outstanding, 177 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.
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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/244291
FAQ
Why did Stephen Burega leave his position as President of APAAF?
Who is the interim President of Appia Rare Earths & Uranium (APAAF) following Burega's departure?
How long did Stephen Burega serve as President of APAAF?
What transition arrangements has APAAF made following Burega's departure?
