Appia Rare Earths & Uranium Corp. Engages SGS Geological Services to Complete a Maiden Mineral Resource Estimate on Target IV and an NI 43-101 Technical Report on Its PCH Rare Earth Ionic Clay Project in Brazil

Toronto, Ontario–(ACN Newswire – November 7, 2023) – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0.F) (FSE: A0I0.MU) (FSE: A0I0.BE) (the “Company” or “Appia”) is pleased to announce that it has engaged SGS Geological Services (SGS) to prepare a comprehensive NI 43-101 technical report on Appia’s PCH Rare Earths Ionic Clay Project including a Maiden Mineral Resource Estimate (MRE) on target IV.

This marks a significant step forward in the exploration and potential development of the PCH Project. PCH is located approximately 30 km (about 18.64 mi) from Iporá, Goya’s State Brazil and is situated within a region well known for its significant mineral exploration potential, mining activity, and well-developed infrastructure. 

Appia’s ongoing exploration program is characterized by a comprehensive approach, incorporating a range of methodologies such as Reverse Circulation (RC) drilling, extensive auger sampling, diamond drilling, and LiDAR surveying. Recent assays have confirmed mineralization from surface as reported in the press release dated October 31, 2023.

The SGS team brings to the table a wealth of experience in the mineral and mining industry, particularly in precious metals, base metals, and critical minerals, including rare earths. Their expertise in metallurgy and process development remains unmatched worldwide, making them an ideal candidate for Appia in this endeavor. 

The primary objective is to complete a maiden MRE on Target IV and an NI 43-101 Technical Report in support of the MRE, based on the comprehensive data provided by Appia. SGS is slated to commence their work promptly upon the receipt of the database, with the anticipated delivery of results expected within a 10-to-12-week timeframe from onset of the work. SGS is expected to receive the database in the coming weeks.

“Appia’s collaboration with SGS marks an important milestone for the PCH Project,” said Stephen Burega, President of Appia. “We are confident that SGS’s expertise will bring us one step closer to realizing the full potential of the PCH Project.”

Appia will provide timely updates to shareholders and the general public as assay results are received from the remaining 129 RC, 106 Auger drill holes, and 1 diamond drill hole.

Appia also wished to announce that it has engaged Outside The Box Capital Inc. (“OTB Capital”) to perform market awareness and marketing services for an initial term of one year. The nature of the services to be provided by OTB Capital include, but are not limited to, marketing services to communicate to the financial community information about the Company. OTB is a marketing services firm based in Canada.

In addition to a fee of $120,000 plus applicable taxes, the Company has granted OTB Capital 436,364 options exercisable at $0.275 per share until the earlier of three years and 90 days following the termination of the agreement with OTB Capital.

The Company has also granted an aggregate of 750,000 options exerciseable at $0.275 per share for 3 years to two other consultants. 500,000 options granted to one consultant are subject to vesting as to 50% immediately and 50% in 3 months.

About SGS Geological Services:

SGS Geological Services is a global leader in the mineral and mining industry, offering unmatched technical expertise in metallurgy and process development. With a strong reputation for quality and integrity, SGS provides comprehensive geological services to clients worldwide.

About Appia Rare Earths and Uranium Corp.

Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company is currently focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, as well as exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 113,837.15 hectares (281,297.72 acres) in Saskatchewan. The Company also has a 100% interest in 12,545 hectares (31,000 acres), with rare earth element and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario. Lastly, the Company holds the right to acquire up to a 70% interest in the PCH Project which is 17,551.07 ha. in size and located within the Goiás State of Brazil. (See June 9th, 2023, Press Release – Click Here)

Appia has 130.5 million common shares outstanding, 143.3 million shares fully diluted.

Cautionary Note Regarding Forward-Looking Statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans” or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Tom Drivas, CEO and Director: (cell) 416-876-3957 or (email) tdrivas@appiareu.com

Stephen Burega, President: (cell) 647-515-3734 or (email) sburega@appiareu.com

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/186526

Hektar REIT Achieves Historic Success: ESG Performance Rewarded with Dual Gold Accolades at The Edge Malaysia ESG Awards 2023

KUALA LUMPUR, Nov 7, 2023 – (ACN Newswire) – Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (“Hektar REIT”), is pleased to announce that Hektar REIT is the proud recipient of two Gold Awards at The Edge Malaysia ESG Awards 2023 under the Equity Awards category. These awards were for the categories of Outstanding ESG and Dividend Return Award and Real Estate Investment Trust (REIT) Award.

Senior Manager, Business Strategy Muhammad Fahmi bin Rasni; Senior Manager, Finance, Mohamad Othman bin Mail; GM, Legal, Martin Chen Kuok Yeow; GM, Business Development & Strategy, Nor Sabrina binti Halim; ED & CEO, Johari Shukri bin Jamil; Senior GM, Finance, Lim Kek Siang; Assistant Manager, Investor Relations, ESG & Special Projects, Muhammad Bakhtiar Ul Haq; and Manager, Risk & Assurance, Aida binti Zainudin of Hektar REIT[L-R]

Hektar REIT was announced as one of this event’s biggest winners in the equities category. These awards serve as a testament to Hektar REIT’s steadfast dedication to maintaining the highest levels of excellence in Environmental, Social, and Governance (ESG) practices. The distinguished award ceremony took place during a grand gala dinner at the Hilton, Kuala Lumpur, on 6 November 2023 and was officiated by Minister of Natural Resources, Environment, and Climate Change Nik Nazmi Nik Ahmad.

The Edge Malaysia ESG Awards 2023, a prestigious accolade in the industry, is divided into two distinct categories: the Equity Awards and the Fund Awards. Its primary aim is to recognize and laud the exemplary performance of Malaysia’s leaders in ESG excellence.

Under the Equity category, The Edge Malaysia collaborates closely with Bursa Malaysia and FTSE Russell. The objective is to spotlight and celebrate the best-performing PLCs, with the evaluation process grounded on the robust methodology provided by FTSE Russell. The Fund category sees The Edge Malaysia partnering with Morningstar to identify and reward the top-performing asset management firms using the latter’s recognized method. These awards were aimed at promoting ESG adoption and leadership amongst industry leaders and professionals by recognizing their contributions and successes.

Hektar REIT qualified under the category of Equity Awards, whereby a company must be listed on Bursa Malaysia and be a constituent of the FTSE Bursa Malaysia EMAS Index as of June 2023. Another key criterion for eligibility was for the companies to be assessed by FTSE Russell in December 2022 and June 2023. The Outstanding ESG and Dividend Return was a new category introduced by The Edge and companies were evaluated based on their performance for the last five years.

Johari Shukri Jamil, Executive Director & Chief Executive Officer of Hektar Asset Management Sdn. Bhd. said, “We are filled with gratitude and enthusiasm for securing these two prestigious Gold Awards, a significant milestone in Hektar REIT’s exceptional journey. It is a resounding affirmation of our unwavering dedication to weaving ESG principles into every facet of our operations and strategic vision, reinforcing our commitment to sustainability and the creation of long-lasting stakeholder value. At Hektar REIT, we firmly believe that our steadfast embrace of robust ESG practices forms the basis upon which we construct sustainable value for our esteemed unitholders, devoted shoppers, and the communities we are privileged to serve.

The significance of these two gold awards cannot be overstated; they symbolize the historical milestone we have achieved and propel us further towards continuing our sustainability mission. As we move forward, we remain deeply committed to not only maintaining but surpassing the high standards that have earned us these accolades. We understand that this success comes with a weighty responsibility, and we embrace it with enthusiasm, passion, and the utmost dedication.

Our journey is far from over; it has only just begun. With these two gold awards as our guiding stars, we are determined to explore new horizons and demonstrate that adopting a sustainable approach is not merely an option but a definitive path towards a more promising future for everyone.”

Hektar REIT remains committed to integrating ESG into all aspects of the business, from financial management to operations and future planning. This dedication is a cornerstone of our mission to deliver robust and enduring value to our stakeholders, positioning us for a prosperous future.

Hektar REIT: http://www.hektarreit.com/

Acrometa Group Signs MOU for Sand Concession, Opening New Business Opportunities in the Region

SINGAPORE, Nov 6, 2023 – (ACN Newswire) – ACROMETA Group Limited (“ACROMETA”, or the “Company” and together with its subsidiaries, the “Group”), today announced that the Company has signed a Memorandum of Understanding (“MOU”) to pursue new business opportunities in Indonesia.

A non-binding non-exclusive MOU was signed between ACROMETA and PT. Swadaya Buana Makmur (“PTSBM”) for the supply of high-grade silica sand from West Kalimantan, Indonesia.

Subject to relevant export approvals, a new subsidiary set-up for the proposed business will target to purchase and PTSBM will target to supply an annual offtake of up to 1,000,000 tonnes of Low Iron Silica Sand with a guaranteed quality of at least 99.5% SIO2 at prices and payment terms in line with market conditions. Both parties are set to enter into definitive Offtake/Purchase Agreements with a target for the Newco to commence its first trade by 15 January 2024.

Mr Levin Lee Keng Weng, ACROMETA’s Executive Chairman said, “The MOU with PTSBM is a synergistic opportunity given the Group’s deep expertise in specialist engineering services as we seek to broaden the Group’s revenue stream. ACROMETA will continue to capture new business opportunities to grow and create shareholder value for its investors.”

Trend for the demand for high-grade 99.5% purity silica sand is increasing and are used in the manufacture of precision glass instruments, ophthalmic lenses and LCD screens required by many industries such as the biotechnology, electronics, and pharmaceutical industries. In construction, it is the main structural component in several construction products such as flooring, mortars, cement, roofing shingles, and asphalt. The Group is currently speaking with potential international buyers before entering into formal offtake agreements with PTSBM.

[1] Market Prices fluctuate according to prevailing market conditions.

About ACROMETA Group Limited (SGX Stock Code:43F)

ACROMETA (Previously known as ACROMEC Limited) is an established specialist engineering services provider with more than 25 years of experience in the field of controlled environments.

The Group has, over the years, acquired expertise in the design and construction of facilities requiring controlled environments such as laboratories, medical and sterile facilities and cleanrooms.

ACROMETA’s business is divided into three main business segments: (i) Engineering, procurement, and construction services, specialising in architectural, and mechanical, electrical, and process works within controlled environments; (ii) Maintenance and repair services of facilities and equipment of controlled environments and their supporting infrastructure. (iii) Co-Working Laboratory business; currently operates 6,500 square feet of co-working laboratory space at The German Centre in Singapore, serving SMEs and startups.

The Group mainly serves the healthcare, biotechnology, pharmaceutical, research and academia, and electronics sectors. ACROMETA’s customers include hospitals and medical centres, government agencies, research and development companies or agencies, research and development units of multinational corporations, tertiary educational institutions, pharmaceutical companies, semiconductor manufacturing companies, and multinational engineering companies.

The Company has been listed on the Catalist board of the Singapore Exchange since 2016. For more information, please visit www.acrometa.com.

Media and Analysts Contact:
ACROMETA Group Limited
Ms. Cheah Lai Min
Chief Financial Officer
Tel: +65 6415 0574
Email: laimin.cheah@acrometa.com

Waterbrooks Consultants Pte Ltd
Mr. Wayne Koo
Tel: +65 6958 8008 / +65 9338 8166
Email: wayne.koo@waterbrooks.com.sg Email: query@waterbrooks.com.sg

This media release has been reviewed by the Company’s Sponsor, Evolve Capital Advisory Private Limited (the “Sponsor”). It has not been examined or approved by the Singapore Exchange

Securities Trading Limited (the “Exchange”), and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr. Jerry Chua, 138 Robinson Road, #13-02 Oxley Tower, Singapore 068906, jerrychua@evolvecapitalasia.com

Stella Wins Shareholders’ Nod in EGM for PTM Acquisition & Strategic Changes

KUALA LUMPUR, Nov 2, 2023 – (ACN Newswire) – Stella Holdings Berhad (“Stella” or the “Company”), an experienced player in the field of construction, property investment, and property development, is pleased to announce that all resolutions set forth at its Extraordinary General Meeting (EGM) have received endorsement from shareholders. Notably, a significant resolution encompassing the acquisition of Pembinaan Teguh Maju Sdn Bhd (“PTM”) was approved unanimously.

Datuk Benson Lau, Managing Director of Stella

The acquisition of PTM comes with considerable promise and far-reaching implications for Stella. Valued at a total purchase consideration of RM380.0 million, PTM will become a wholly-owned subsidiary of Stella. This acquisition is especially noteworthy given PTM’s RM1.16 billion worth of outstanding orders in areas such as roadworks, building construction, and mechanical and electrical projects. Furthermore, PTM has submitted quotations and is in discussions for contracts totalling approximately RM1.78 billion, amplifying the earnings potential over the next three financial years.

PTM also provides a profit guarantee of RM120.0 million for the financial years ending 30 June 2024, 2025, and 2026 on an aggregate basis to the Company.

The EGM also endorsed a significant private placement of up to 50.0 million shares, equating to around 74.63% of the current total number of issued Stella shares or 11.99% post-acquisition. This initiative aims to raise RM40.0 million for necessities like construction materials, labour costs, and subcontractors.

Complementing this acquisition, Stella Holdings Berhad will undergo a rebranding to become Varia Berhad, a change that encapsulates its wider vision and growth objectives.

After the conclusion of the EGM, Datuk Benson Lau, Managing Director of Stella, commented with enthusiasm: “Our unanimous decision to acquire PTM marks a pivotal moment for Stella. This new addition brings a vast RM1.16 billion worth of outstanding orders into our portfolio, thereby solidifying our growth prospects. PTM’s strengths in civil engineering, roadworks, and various infrastructure projects represent a perfect strategic alignment with our existing operations. We are also emboldened by our shareholders’ resolute support for our ambitious private placement and rebranding initiatives. Their unwavering confidence empowers us to aim higher and execute our strategic roadmap to fruition.”

As at 2 November 2023, 12:30 P.M., Stella Holdings Berhad’s share price is RM1.07 with a market capitalisation of RM71.7 million.

Stella Holdings Berhad: 5006 [BURSA: STELLA], https://stella-holdings.com.my/

MDRT Global Services Rebrands as MDRT Center for Field Leadership

HONG KONG, Nov 1, 2023 – (ACN Newswire) – MDRT Global Services announced that, as of November 1, the association will officially be known as the MDRT Center for Field Leadership (MDRT Center). The new name, along with updated branding, more closely reflects the association’s mission: helping field and home office leaders across the globe grow as leaders of financial services organizations and propelling their teams to success.

MDRT Center members are field and home office leaders who continually work to broaden their leadership skills, establish an MDRT culture of excellence within their agencies and advance themselves professionally and personally.

MDRT Center members will have access to all the benefits that were available prior to the rebranding, including key leadership content on the Center’s website like toolkits, videos and articles, and access to Harvard ManageMentor® learning application. Members can also partake in regular webcasts, attend study groups with fellow members and one global MDRT event per year, and apply for an MDRT Culture of Excellence Award.

“The MDRT Center for Field Leadership creates a community of financial services leaders committed to excellence in the profession,” said Gregory Gagne, ChFC, 2024 MDRT President. “Undergoing this rebranding highlights the association’s dedication to amplifying members’ ability to incite growth and empower their teams to become the best.”

Gregory Gagne added, “Among the top 100 companies worldwide with the most MDRTs in 2023, 10 are in Hong Kong with more than 6,400 people involved. After the rebranding, we hope to attract more financial services field and home office leaders in Hong Kong to join the MDRT Center for Field Leadership, so that we may help spur their growth potential and see them make new heights.”

MDRT Center membership is granted for one year and must be renewed annually. The open enrollment period for membership is 1 November 2023 – 1 April 2024. Annual membership dues are US$600, but applicants may apply for membership after 1 April 2014 with a US$200 late fee.

About MDRT Center for Field Leadership

As the newest association under the global MDRT Family of Brands, MDRT Center for Field Leadership (MDRT Center) was created exclusively for financial services field and home office leaders. As a separate, individual membership association, MDRT Center provides its members with exceptional value and leadership growth opportunities. MDRT Center membership allows increased engagement within the MDRT community while providing leaders with strategies to develop a culture of excellence within their respective organizations. To learn more visit mdrtcenter.org.

Acrometa to Focus on Laboratory Construction and Co-Working Laboratory Space Business

SINGAPORE, Oct 31, 2023 – (ACN Newswire) – ACROMETA Group Limited (“ACROMETA”, or the “Company” and together with its subsidiaries, the “Group”), an established specialist engineering service provider in the field of controlled environments serving mainly the healthcare, biotechnology, pharmaceutical, research and academia sectors, today announced that the Board of Directors of the Company’s indirect subsidiary, Neo Tiew Power Pte. Ltd. (“NTP”), had on 27 October 2023 initiated the process to place NTP under Creditors’ Voluntary Liquidation ( “CVL”). NTP is a wholly-owned subsidiary of Acropower Pte. Ltd., which the Company has an effective interest of 56% in.

NTP was incorporated in February 2020 to produce renewable energy by converting biomass poultry waste into green electricity by the process of pyrolysis. However, due to the Covid-19 pandemic and changes to regulations for the safe handling of potentially dangerous animal waste products, NTP has not been able to commence operations.

The Group had extended significant loans to NTP and has decided it cannot continue supporting NTP. The directors of NTP had on 27 October 2023 resolved to place NTP in Provisional Liquidation, pending its eventual liquidation. Insolvency Practitioners from Alternative Advisors Pte Ltd were appointed as Provisional Liquidators. This decision arises from the inability of NTP to continue its regular business operations by reason of their liabilities.

Mr Lim Say Chin, CEO of AcroMeta Group said, “Conversion of poultry waste to green electricity is a fundamentally promising business. However, the Covid-19 pandemic’s impact on construction as well as changes in regulations for the safe handling of animal waste products meant that the project would continue to require financial support and affect the Group’s allocation of resources.”

Mr Levin Lee Keng Weng, ACROMETA’s Executive Chairman, said, “The Board’s decision for the voluntary liquidation of NTP by Acropower reflects our current focus on expanding the laboratory construction and co-working laboratory space businesses, both of which are currently cash flow positive and show a promising future with an encouraging flow of business opportunities and projects in the last twelve months.”

In August 2023, the Group’s wholly-owned subsidiary Acromec Engineers Pte Ltd (“Acromec”) was awarded a S$19 million contract for the design and construction of a 1,500 sqm high containment biosafety level research laboratory. In October 2023, the Group’s 70% owned subsidiary company Life Science Incubator Pte Ltd (“Life Science Incubator” or “LSI”) entered into a Management Agreement (the “MA”) with HB Universal Pte Ltd, a subsidiary of Mainboard-listed Ho Bee Land Limited, to operate and manage a co-working laboratory space at Elementum, One-North, a building in the heart of Singapore’s biomedical industry district.

About ACROMETA Group Limited (SGX Stock Code:43F)

ACROMETA (Previously known as ACROMEC Limited) is an established specialist engineering services provider with more than 25 years of experience in the field of controlled environments.

The Group has, over the years, acquired expertise in the design and construction of facilities requiring controlled environments such as laboratories, medical and sterile facilities and cleanrooms.

The Company has been listed on the Catalist board of the Singapore Exchange since 2016. For more information, please visit www.acrometa.com.

Media and Analysts Contact:

ACROMETA Group Limited, Ms. Cheah Lai Min, Chief Financial Officer, Tel: +65 6415 0574, Email: laimin.cheah@acrometa.com

Waterbrooks Consultants Pte Ltd, Mr. Wayne Koo, Tel: +65 6958 8008 / +65 9338 8166, Email: wayne.koo@waterbrooks.com.sg, Email: query@waterbrooks.com.sg

This media release has been reviewed by the Company’s Sponsor, Evolve Capital Advisory Private Limited (the “Sponsor”). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “Exchange”), and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr. Jerry Chua, 138 Robinson Road, #13-02 Oxley Tower, Singapore 068906, jerrychua@evolvecapitalasia.com.

Appia Reports Extraordinary Assay Drill Results From Its PCH Ionic Clay Project, Brazil

Reverse Circulation Drill Hole Returns 24 Metres Of Mineralization Averaging 27,188 ppm or 2.72% Total Rare Earth Oxides From Surface

Toronto, Ontario–(ACN Newswire – October 31, 2023) – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0.F) (FSE: A0I0.MU) (FSE: A0I0.BE) (the “Company” or “Appia”) is thrilled to announce a groundbreaking discovery of an exceptional high-grade Total Rare Earth Oxides (TREO) intersection extending the known area of Target IV. Hole PCH-RC-063 contains unique high grades and depth of mineralization, spanning an impressive 24 metres from top to bottom, and remains open at depth.

Summary:

27,188 parts per million (ppm) or 2.72% TREO over 24 metres
- Including 6,293 ppm or 0.63% Magnet Rare Earth Oxides (MREO)
- Including 1,369 ppm or 0.14% Heavy Rare Earths Oxides (HREO)
PCH-RC-63 totalled 24 metres depth and is mineralized throughout the entire hole from surface, and remains open at depth.
Notably, several elements surpassed the upper detection limit of the assay method being used, and updated results will be reported once received.
Previously announced drill results – Press Release October 16^th, 2023

“These drill results are the highest TREO grades detected on the PCH property to date,” commented Tom Drivas, CEO. “The data released today reveals an unprecedent concentration of TREO over the entire hole, and even more impressive is that the hole remains open at depth, suggesting significant potential for further mineralization.”

“This extraordinary RC hole confirms the extension of the initial Target IV area to the West and has increased the average thickness and total depth of the highly mineralized PCH ionic clay horizon,” said Stephen Burega, President. “These high concentrations of TREO are very uncommon, and may be the first indications of a larger high-grade mineralized zone. Lastly, we have not yet tested the total thickness of this zone as the RC drilling was stopped at the water table.”

“The consistency of grades is truly spectacular. At the bottom one metre of the hole, in sample F485895, we observed grades of 26,882 ppm of TREO, 5,897 ppm of MREO, and 1,245 ppm of HREO,” stated Carlos Bastos, Geology Manager and Appia’s Brazilian Qualified Person. “The assay results from PCH-RC-063 are highly promising, revealing sustained mineralization of essential elements including Terbium (Tb), Dysprosium (Dy), Neodymium (Nd), and Praseodymium (Pr). Notably, several elements surpassed the upper detection limit of the assay method being used, and updated results will be reported once received.”

In light of these findings, Appia has commissioned a comprehensive analyses for each rare earths oxide using the methods IMS95RS and ICP95A from SGS Geosol Lab to further understand the potential implications that this level of mineralization could have on the project.

Appia will provide timely updates to shareholders and the general public as assay results are received from the remaining 129 RC, 106 Auger, and 1 diamond drill holes.

Table 1 – Denotes weighted average chemical assay results of composites RC samples from PCH-RC-063. For a full list of assay results, please click here.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/185740_b7722d55d4c358cd_005full.jpg

TREO = ([CeO2 ppm] + [Dy2O3 ppm] + [Er2O3 ppm] + [Eu2O3 ppm] + [Gd2O3 ppm] + [Ho2O3 ppm] + [La2O3 ppm] + [Lu2O3] ppm] + [Nd2O3 ppm] + [Pr6O11 ppm] + [Sm2O3 ppm] + [Tb4O7 ppm] + [Tm2O3 ppm] + [Yb2O3 ppm]). MREO = ([Dy2O3 ppm] + [Pr6O11 ppm] + [Nd2O3 ppm] + [Sm2O3 ppm] + [Tb4O7 ppm]).HREO = [Dy2O3 ppm] + [Er2O3 ppm] + [Eu2O3 ppm] + [Gd2O3 ppm] + [Ho2O3 ppm] + [Lu2O3] ppm] + [Sm2O3 ppm] + [Tb4O7 ppm] + [Tm2O3 ppm] + [Yb2O3 ppm]).

Figure 1 – Location of PCH-RC-063, PCH Project, Goias, Brazil

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/185740_b7722d55d4c358cd_006full.jpg

Figure 2. A representative cross section of PCH-RC-063 from Target IV, north-south orientation, and location showed in Figure 1.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/185740_b7722d55d4c358cd_007full.jpg

HOLE_ID	UTM E	UTM N	Elevation	Final Length (m)
PCH-RC-063	479527.8	8193285	623.22	24

Table 3. Drill hole collar details for PCH-RC-063. SIRGAS 2000 – UTM zone 22S.

Background on the PCH Project

The PCH Project is located within the Tocantins Structural Province in the Brasília Fold Belt, more specifically, the Arenópolis Magmatic Arc. The PCH Project is 17,551.07 ha in size and located within the Goiás State of Brazil. It is classified as an alkaline intrusive rock occurrence with highly anomalous REE and Niobium mineralization. This mineralization is related to alkaline lithologies of the Fazenda Buriti Plutonic Complex and the hydrothermal and surface alteration products of this complex by supergene enrichment in a tropical climate. The positive results of the recent geochemical exploration work carried out to date indicates the potential for REEs within lateritic ionic adsorption clays and Niobium.

QA/QC

Reverse circulation (RC) drill holes are sampled at one metre intervals, resulting in higher average sample sizes of 5-25 kg. A small representative specimen was taken from each sample bag and placed into a chip tray for visual inspection and logging by the geologist. Quartering was performed at Appia’s logging facility using a riffle splitter and continued splitting until a representative sample weighing approximately 500g each was obtained, bagged in a resistant plastic bag, labeled, photographed, and stored for shipment.

The samples were sent to the SGS laboratory in Vespasiano, Minas Gerais. In addition to the internal QA/QC of the SGS Lab, Appia has used its own control samples in each batch sent to the laboratory.

Quality control samples, such as blanks, duplicates, and standards (CRM) were inserted into each analytical run. For all analysis methods, the minimum number of QA/QC samples is one standard, one duplicate and one blank, introduced every batch which comprise a full-length hole. The rigorous procedures implemented during the sample collection, preparation, and analysis stages underscore the robustness and reliability of the analytical results obtained.

All analytical results reported herein have passed internal QA/QC review and compilation. All assay results of RC samples were provided by SGS Geosol, an ISO/IEC 17025:2005 certified laboratory, which performed their measure of the concentration of rare earth elements (REE) analyses by Inductively Coupled Plasma Mass Spectrometry (ICP-MS) analytical methods.

The technical content in this news release was reviewed and approved by Mr. Don Hains, P.Geo, Consulting Geologist, and a Qualified Person as defined by National Instrument 43-101.

About Appia Rare Earths & Uranium Corp.

Appia has 130.5 million common shares outstanding, 143.3 million shares fully diluted.

Cautionary Note Regarding Forward-Looking Statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans” or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward- looking statements and shareholders are cautioned not to put undue reliance on such statements.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Tom Drivas, CEO and Director: (cell) 416-876-3957 or (email) tdrivas@appiareu.com
Stephen Burega, President: (cell) 647-515-3734 or (email) sburega@appiareu.com

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/185740

Golden Investment Opportunity For Golden Heaven (GDHG) ?

United States, Oct 31, 2023 – (ACN Newswire) – Golden Heaven Group Holdings Ltd. (NASDAQ:GDHG) is a Cayman Islands-based company that operates amusement parks, water parks, and related facilities in China. Established in 2020, it went public on NASDAQ in April 2023. The company operates six amusement parks throughout China and plans to expand its operations significantly, becoming a regional leader in the sector.

Their head office is in Nanping, a city recognized as the “birthplace of the Chinese amusement park industry,” and collectively the company has 426,560 square meters of operational land. GDHG’s portfolio of attractions are strategically located in southern China, accessible to around 21 million people. In addition to amusement parks, GDHG has complementary offerings including restaurants and food stalls, which also positively contribute towards revenue.

Following their IPO in April, where shares were priced at $4, we’ve witnessed a 254% surge in the share price – this can be seen in Figure 1. This suggests growing investor interest, potentially driven by GDHG’s growth potential, industry positioning, and expansion plans, despite the challenges posed by the market conditions.

Figure 1: GDHG share price since IPO – Created at TradingView

Technicals

The Relative Strength Index (RSI) is a technical indicator that provides insights into the momentum and potential overbought or oversold conditions of a financial asset. RSI values above 70 typically suggest overbought conditions, indicating a possible price correction or reversal to the downside, while values below 30 indicate oversold conditions, suggesting a potential buying opportunity or a price rebound. As we can see from the below, GDHG currently has an RSI value below 70, while the moving average sits above 70 suggesting overbought conditions. However, this is by no means conclusive. Investors should also consider the company’s positive momentum and valuation metrics.

Figure 2: Relative Strength Index – Created at TradingView

The Moving Average Convergence Divergence (MACD) is a popular technical indicator used to assess the strength, direction, and potential reversals in the price trends of financial assets. It achieves this by comparing short-term and long-term moving averages, with the MACD line representing the difference between these moving averages and the signal line showing the smoothed version of the MACD line. Crosses between these lines can signal buy and sell opportunities, while the MACD histogram helps identify changes in momentum, offering valuable insights for traders and investors. Currently we can observe that the MACD line and the smoothed version of the MACD line have just crossed. However, momentum is yet to turn fully.

Figure 3: Moving Average Convergence Divergence – Created at TradingView

Bollinger Bands are a technical indicator that provides insights into the volatility and potential price levels of a financial asset. They consist of three lines: a middle band, which is typically a simple moving average, and two outer bands that are derived from standard deviations. The width of the bands expands and contracts in response to price volatility. When prices approach or touch the outer bands, it suggests overbought or oversold conditions, potentially signalling a reversal or correction. As we can see, the orange line, representing the moving average, currently sits in the middle of the range, inferring, given the positive momentum, that there could be more to the rally.

Figure 4: Bollinger Bands – Created at TradingView

High Risk, High Reward

None of the three of these metrics suggest the amusement park owner’s bull run will come to an end, however it’s clear momentum is slowing. This is partially supported by valuation metrics, although it’s by no means conclusive. GDHG currently trades at 23.1 times trailing twelve-month (TTM) earnings, representing a 52% premium to the consumer discretionary sector. However, compared to international peers, it doesn’t appear excessively expensive – for instance, US giant Six Flags Entertainment Corporation trades at 21.5 times TTM earnings. However, it’s worth highlighting that Cedar Fair is much cheaper, trading at just 7.4 times TTM earnings.

This premium can be attributed to GDHG’s remarkable earnings per share growth and the positive sentiment surrounding the sector’s growth in China. In the first half of 2023, the company’s revenues exceeded RMB 140 million, marking a 6% increase from the same period in 2022. Gross profit for H1 2023 also improved, reaching RMB 101 million, a 7.5% increase from H1 2022, with a gross margin of 71.37%, up 1.02 percentage points from the previous year. Net income saw a significant 12% year-on-year increase, and earnings per share surged impressively by 135.1%, reaching RMB 1.05 in H1 2023 compared to RMB 0.45 in H1 2022.

The amusement park market is also forecast to grow significantly, with a compound annual growth rate (CAGR) of 15% between 2022-2027. The anticipated growth will be fueled by several factors, such as the increasing disposable income of Chinese consumers, the ongoing urbanization of the country, bringing more customers within range of the parks, and the rising trend of family tourism.

In conclusion, GDHG appears a high risk, high reward investment. Stock float suggests high volatility, but the share price rally is support by continued positive momentum, and no warning signs from the technical data.

By Rickie Wang

Dr. Daniel Pascheles Rejoins Molekule Consulting as Strategic Advisor

MIAMI, FL, Oct 31, 2023 – (ACN Newswire) – In a significant development that promises to shape the future of Molekule Consulting, we are thrilled to announce the return of Dr. Daniel Pascheles as a Strategic Advisor.

Dr. Pascheles, with an illustrious career spanning over 30 years in the biopharmaceutical competitive and strategic intelligence sector, is poised to bring a wealth of knowledge and expertise to Molekule. His previous roles include leading Competitive Intelligence & Strategy functions at industry leaders Merck & Co./MSD and Aventis, in addition to serving as CEO of Molekule Consulting.

“Dr. Pascheles’ return-to-Molekule marks a thrilling, new chapter in our shared story. His homecoming is not just a reunion, but a renewal of our mutual commitment to excellence and innovation. Welcome back, Dr. Pascheles!” expressed David Alderman, President & CEO at Molekule Consulting.

In his pivotal role as Strategic Advisor, Dr. Pascheles will employ his vast industry expertise and strategic prowess to shape and foster Molekule’s trajectory of growth and value journey into the future.

“I am thrilled to be back!” remarked Dr. Pascheles. “It is with great excitement that I rejoin the dynamic and growing team at Molekule, and I eagerly anticipate contributing to the company’s ongoing success.”

For further details on this exciting development, please contact David Alderman at dalderman@molekuleconsulting.com; +1 305.504.3030.

About Molekule Consulting:

Molekule Consulting provides best-in-class strategic intelligence and is solely dedicated to the biopharma sector. We shape the path forward with our strategic intelligence, driving transformative changes across the biopharmaceutical landscape.

Our purpose is clear: to provide high-impact, actionable insights that catalyze growth and foster innovation for biopharmaceutical brands, franchises, and businesses. Our clientele encompasses industry titans, robust mid-sized companies, and ambitious newcomers within the global biopharmaceutical realm.

Interested in learning more about Molekule Consulting’s biopharmaceutical-focused strategies and market intelligence? Dive deeper here: www.molekuleconsulting.com

Contact Information

David Alderman, President & CEO, dalderman@molekuleconsulting.com +1 305.504.3030

Bintai Kinden Announces RM3.5 Million Contract Win for Subsidiary Johnson Medical International

PETALING JAYA, Malaysia, Oct 30, 2023 – (ACN Newswire) – Bintai Kinden Corporation Berhad (“BKCB” or the “Company”; Bursa: BINTAI, 6998), a mechanical and electrical (“M&E”) engineering services specialist, is delighted to announce that Johnson Medical International Sdn. Bhd (“JMI”), a 50.5%-subsidiary of BKCB has secured from Blackfox Engineering Sdn. Bhd (“BFESB”) a RM 3.5 million contract which involves the Supply, Delivery, Installation, Testing, Commissioning, and Maintenance of a Pendant System for the 300-beds Hospital Petrajaya in Petra Jaya, Kuching, Sarawak.

Datuk Tay Chor Han, Managing Director cum CEO of BKCB, commented, “We are thrilled for JMI to collaborate with BFESB on this project as it speaks to JMI’s established reputation as a competitive local Pendant System Specialist supplier. Coupled with the Mechanical and Electrical expertise of the BKCB Group backing us to undertake even more complex and high-value projects, we are optimistic that JMI will continue to advance its high-quality services and products offerings.”

This latest contract win joins a line of successful projects that JMI was previously been involved in, such as Hospital Tanjong Karang, Hospital UTAR, Hospital Cyberjaya, and Hospital Putrajaya, among others. The 380-day contract not only fortifies the Company’s revenue stream but also highlights JMI’s proficiency in medical infrastructure solutions.

Boasting numerous patents and registered designs, Johnson Medical International remains a pacesetter in the realm of modular healthcare solutions. This contract will contribute positively to the Company’s financials for the years ending 31 March 2024 and 31 March 2025.

Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/