Appia Energy (TSE:API) has released an update.
Appia Rare Earths & Uranium Corp. has entered into a memorandum of understanding for a potential joint venture that could lead to the sale of up to 100% interest in its Elliot Lake Uranium Project to 15997356 Canada Inc. The $25 million deal, which is contingent on finance commitments and further agreements, sets the stage for a significant partnership in Ontario’s uranium sector. The agreement also outlines steps for feasibility studies and potential royalty arrangements, signaling a strategic move in the company’s asset portfolio.
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