Appia Energy (TSE:API) has released an update.
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Appia Rare Earths & Uranium Corp. has successfully closed its non-brokered private placement, raising $1.07 million to fund exploration projects in Brazil and Canada. The offering included both working capital units and flow-through units, with proceeds earmarked for general working capital and Canadian Exploration Expenses. The company’s strategic move aims to bolster its exploration initiatives and capitalize on tax benefits related to critical mineral mining.
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