Appia Rare Earths & Uranium Business Summary

Appia Rare Earths & Uranium Corp. (APAAF) operates as a pre-revenue critical minerals exploration and development company, generating value through the acquisition and advancement of high-grade assets in mining-friendly jurisdictions. The company’s primary business segments are divided between Rare Earth Elements (REE) and Uranium exploration. Its flagship REE assets include the Alces Lake project in Saskatchewan, known for high-grade critical REEs and gallium, and the PCH Ionic Adsorption Clay Project in Goiás, Brazil, where it recently secured a strategic partnership with Ultra Rare Earth Inc. to fund development through a joint venture. In the uranium sector, Appia maintains a significant footprint in the Athabasca Basin with its Otherside, Loranger, and Eastside properties, alongside a 100% interest in the historic Elliot Lake uranium camp in Ontario. Direct competitors include Blue Sky Uranium Corp., Nexus Uranium Corp., and ValOre Metals Corp.; Appia distinguishes itself within this peer group by its dual-commodity exposure and the high-grade nature of its carbonatite and ionic clay discoveries. Leadership is spearheaded by CEO and Interim President Tom Drivas, a seasoned executive with over 18 years of tenure who oversees the company’s strategic direction and capital allocation. The technical team is led by Dr. Irvine R. Annesley, Vice President of Exploration and a prominent geologist with extensive experience in the Athabasca Basin, while Jason Bagg was appointed Vice President of Corporate Development in January 2026 to drive institutional partnerships. Financial operations are managed by CFO Brian Crawford, a former partner at BDO Canada with deep expertise in junior mining finance. Notable strategic backing is provided by Ultra Rare Earth Inc., which recently committed $6 million to advance the Brazilian assets, and Palette Investment Management, Inc., reflecting a shareholder base focused on long-term resource definition and the global transition to green energy technologies.