Appia Announces Signing of Share Exchange Agreement with Ultra Rare Earth Inc.

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[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 22, 2026) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A010) (MUN: A010) (BER: A010) (the "Company" or "Appia") is pleased to announce that further to its Press Release dated November 3, 2025, it has signed a Share Exchange Agreement dated May 21, 2026 (the "Agreement") among the Company, Ultra Rare Earth Inc. ("Ultra USA"), Ultra Rare Earth Bahamas Limited ("Ultra Bahamas"), Beko Invest Ltd. ("Beko"), Antonio Vitor Junior ("Antonio"), and Ultra Brasil Rare Earths Mineração Ltda. ("Ultra Brasil").","length":659,"tagName":"p"},{"type":"text","content":"Pursuant to the Agreement, Appia and Antonio will transfer their respective twenty-five percent (25%) equity interests (quotas) in Ultra Brasil to Ultra USA in exchange for shares of Ultra USA Common Stock (the "Share Exchange"). As a result of the Share Exchange, Ultra USA and its wholly-owned subsidiary Ultra Bahamas will collectively hold one hundred percent (100%) of the equity interests in Ultra Brasil, with Ultra USA holding fifty percent (50%) and Ultra Bahamas holding fifty percent (50%). Appia will hold a 25% equity interest in Ultra USA.","length":563,"tagName":"p"},{"type":"text","content":"Ultra Brasil is engaged in the exploration and development of rare earth mineral resources in the Federative Republic of Brazil, including the Ultra Hard Rock Carbonatite Target and the Ultra IAC Target (the "Property") located in the Tocantins Structural Province of the Brasília Fold Belt, Goiás State, Brazil.","length":322,"tagName":"p"},{"type":"text","content":"Transaction Summary","length":19,"tagName":"p"},{"type":"text","content":"Pursuant to the Agreement:","length":26,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Appia will transfer its twenty-five percent (25%) interest in Ultra Brasil (the "Appia Interest") to Ultra USA in exchange for 2,342,500 shares of Ultra USA Common Stock (the "Appia Exchange Shares").","length":220,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Antonio will transfer his twenty-five percent (25%) interest in Ultra Brasil (the "Antonio Interest") to Ultra USA in exchange for 2,342,500 shares of Ultra USA C...

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