Appia Rare Earths & Uranium Corp. Raises $1.5 Million from Warrant Exercises

Rhea-AI Summary

Appia Rare Earths & Uranium Corp (OTCQB: APAAF) announced accelerated warrant expiries resulted in the exercise of 10,476,316 warrants since November 1, 2025, generating proceeds of $1,571,447.40.

As part of the exercises, Kit Tatum acquired 3,000,000 common shares by exercising warrants at $0.15 per warrant, and 6,375,000 of his warrants expired. Following these transactions, his holding was reduced to approximately 8.36% of issued and outstanding common shares on a non-diluted and partially diluted basis, and he is no longer required to file an early warning report under National Instrument 62-103.

A related early warning report will be filed and made available on SEDAR+.

Positive

• $1.571M cash raised from warrant exercises
• 10,476,316 warrants exercised since Nov 1, 2025
• Kit Tatum acquired 3,000,000 common shares at $0.15 each

Negative

• Warrant exercises increased issued and outstanding shares, causing dilution
• Expiry of 6,375,000 warrants held by an insider reduced potential future insider financing

News Market Reaction

+3.25%

1 alert

+3.25% News Effect

On the day this news was published, APAAF gained 3.25%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Warrants exercised: 10,476,316 warrants Proceeds from exercise: $1,571,447.40 Warrant exercise price: $0.15 per warrant +5 more

8 metrics

Warrants exercised 10,476,316 warrants Accelerated expiry since November 1, 2025

Proceeds from exercise $1,571,447.40 Cash raised from warrant exercises

Warrant exercise price $0.15 per warrant Exercise price for accelerated warrants

Shares acquired by Kit Tatum 3,000,000 common shares Acquired via warrant exercise at $0.15

Expired Tatum warrants 6,375,000 warrants Warrants held by Kit Tatum that expired

Post-transaction ownership 8.36% of common shares Kit Tatum’s interest, non-diluted and partially diluted basis

Current share price $0.158 Price before this news, vs 52-week range $0.0471–$0.45

Relative volume 2.93x 20-day average 342,010 shares vs 116,577 average

Market Reality Check

Price: $0.1605 Vol: Volume 342,010 is about 2...

high vol

$0.1605 Last Close

Volume Volume 342,010 is about 2.93x the 20-day average of 116,577, indicating elevated trading interest before this warrant update. high

Technical Price at $0.158 is trading above the 200-day MA of $0.12.

Peers on Argus

While APAAF rose about 2.33%, several uranium peers also traded higher, includin...

While APAAF rose about 2.33%, several uranium peers also traded higher, including NUCLEAR FUELS INC (NFUNF) up 11.9%, BASELODE ENERGY CORP (BSENF) up 6.44%, PUREPOINT URANIUM GROUP (PTUUF) up 4.94%, and GOVIEX URANIUM (GVXXF) up 4.06%, suggesting supportive sector sentiment even though the momentum scanner did not flag 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%	Drilling progress and new intercepts at ULTRA HARD ROCK and ULTRA IAC targets.
Dec 08	Conference presentation	Neutral	+0.1%	Reminder of upcoming virtual conference presentation and project updates.
Dec 04	Conference announcement	Positive	-5.0%	Details on planned December 9 conference presentation and exploration plans.
Nov 28	Warrant exercises	Positive	+3.3%	Accelerated warrant expiries raised capital and updated major holder’s stake.
Oct 14	Project transaction	Positive	+3.8%	Notice to close on PCH Project deal and related US$2.0M private placement.

Pattern Detected

Recent news events have mostly seen modest positive price reactions, with one notable negative move on a conference-related update, indicating generally aligned but occasionally divergent responses to announcements.

Recent Company History

This announcement follows a series of operational and corporate updates for Appia. On Oct 14, 2025, the company reported a planned 50% interest transfer in Appia Brasil tied to a US$2.0 million placement. On Nov 28, 2025, accelerated warrant exercises raised $1,571,447.40 and adjusted a major holder’s stake to 8.36%. Early December releases highlighted upcoming conference presentations and drilling updates at Brazilian rare earth targets, showing a focus on funding, partnerships, and project advancement.

Market Pulse Summary

This announcement details the exercise of 10,476,316 warrants at $0.15, generating proceeds of $1,57...

Analysis

This announcement details the exercise of 10,476,316 warrants at $0.15, generating proceeds of $1,571,447.40 and adjusting a major holder’s position to 8.36% of outstanding shares. It also confirms that an early warning report will no longer be required under National Instrument 62-103. In context of recent project updates and conference activity, this adds fresh capital while modestly reshaping the shareholder base. Investors may track future financings and project milestones.

Key Terms

warrants, early warning report, National Instrument 62-103, take-over bid, +2 more

6 terms

warrants financial

"acceleration of the expiry date of certain warrants exercisable at $0.15"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

early warning report regulatory

"previously filed an early warning report with respect to the securities of Appia"

An early warning report is a regulatory filing that publicly discloses when an investor or insider has taken a large or potentially influential position in a company's shares or plans significant actions with those shares. It matters to investors because it flags possible shifts in control, takeover attempts, or concentrated influence—like a neighborhood notice that someone is buying several houses on the block—helping readers reassess risk, valuation, and trading strategy.

National Instrument 62-103 regulatory

"no longer required to file an early warning report under National Instrument 62-103"

National Instrument 62-103 is a Canadian securities rule that requires public disclosure when someone builds a large ownership stake or launches a takeover attempt for a company’s shares. Think of it as a neighborhood rule that forces anyone buying a big slice of a pie to put up a sign so neighbors know a change of ownership might be coming. For investors it matters because these filings signal potential shifts in control, can move the stock price, and trigger other regulatory steps that affect trading and governance.

take-over bid regulatory

"The Early Warning System and related Take-Over Bid and Insider Reporting Issues"

A take-over bid is a formal offer by a buyer to purchase shares of a company, often enough to gain control of it. Think of it like someone making a public offer to buy enough houses on a block so they control the neighborhood — it can push the target’s share price up, change who runs the business, and alter future dividends or strategy, so investors care because it affects the value and control of their holdings.

insider reporting regulatory

"The Early Warning System and related Take-Over Bid and Insider Reporting Issues"

Insider reporting is the public disclosure of stock trades and holdings by a company’s executives, directors or large shareholders, filed with market regulators so investors can see when people with inside knowledge buy or sell. It matters because these actions can signal confidence or concern about a company’s future—much like a shop owner restocking or clearing shelves, insiders’ moves give clues about how those closest to the business view its prospects.

SEDAR+ regulatory

"A copy of this early warning report ... will be available on ... SEDAR+"

SEDAR+ is Canada’s centralized online system where publicly traded companies submit required regulatory documents such as financial reports, prospectuses and disclosure statements. It gives investors a single, searchable place — like a public library or online filing cabinet — to check a company’s official records for transparency, compare performance, and verify material information before making investment decisions.

AI-generated analysis. Not financial advice.

Toronto, Ontario--(Newsfile Corp. - November 28, 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 as a result of the acceleration of the expiry date of certain warrants exercisable at $0.15, as announced in the Press Releases dated October 22, 2025 and October 30, 2025, an aggregate of 10,476,316 warrants have been exercised since November 1, 2025 for proceeds of $1,571,447.40.

Early Warning Disclosure Regarding Christopher B. Tatum

Christpher B. Tatum ("Kit Tatum") previously filed an early warning report with respect to the securities of Appia on June 30, 2025. As a result of an increase in the issued and outstanding capital of Appia pursuant to the exercise of warrants, including the acquisition by Kit Tatum of 3,000,000 common shares (the "3,000,000 Shares") on the exercise of 3 million warrants at $0.15 per warrant, and the expiry of 6,375,000 warrants held by Kit Tatum, the interest of Kit Tatum in Appia has been reduced to approximately 8.36% of the issued and outstanding common shares of Appia on a non-diluted basis and a partially diluted basis. Kit Tatum is therefore no longer required to file an early warning report under National Instrument 62-103.

Kit Tatum has advised that the 3,000,000 Shares were acquired for investment purposes and that he has no present intention to either increase or decrease his holdings in the Company. Notwithstanding the foregoing, he has advised that he may increase or decrease his beneficial ownership, control or direction over common shares of the Company through market transactions, private agreements, other treasury issuances or otherwise.

This news release is issued pursuant to National Instrument 62-103 - The Early Warning System and related Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators, which also requires an early warning report to be filed with the applicable securities regulators containing additional information with respect to the foregoing matters. A copy of this early warning report in respect of this transaction will be available on Appia's issuer profile on SEDAR+ at www.sedarplus.ca.

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 PCH Ionic Adsorption Clay Project, 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, 206.7 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/276238

FAQ

How much did Appia (OTCQB: APAAF) raise from warrant exercises on November 28, 2025?

Appia raised $1,571,447.40 from the exercise of warrants occurring since November 1, 2025.

How many warrants were exercised for Appia (APAAF) after the accelerated expiry?

10,476,316 warrants were exercised following the accelerated expiry dates.

What stake does Kit Tatum hold in Appia (APAAF) after exercising 3,000,000 warrants?

After the transaction and certain warrant expiries, Kit Tatum holds approximately 8.36% of Appia's common shares.

Are there filings related to the Appia warrant exercises and insider change for investors to review?

Yes, an early warning report and related disclosures will be filed and available on SEDAR+.

At what price were the Appia warrants exercised that generated proceeds in November 2025?

The exercised warrants were exercisable at $0.15 per warrant.