Appia Energy (TSE:API) has released an update.
Appia Rare Earths & Uranium Corp. has extended its memorandum of understanding with a potential purchaser for the Elliot Lake Uranium Project, allowing for additional time to receive financing commitment until August 9, 2024. The company also retains the right to explore other potential deal structures and can terminate the transaction at any time. This extension reflects Appia’s strategic flexibility in managing its high-grade uranium and rare earth element projects across Canada and Brazil.
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