Artroniq Announces Impressive Q1 FY2024 Financial Performance with Remarkable Revenue Growth

KUALA LUMPUR, Nov 24, 2023 – (ACN Newswire) – Artroniq Berhad (“Artroniq” or the “Group”), a key contender on the ACE Market, with its’ game-changing move for the Malaysian electric vehicle industry, is proud to unveils the Group’s financial achievements for the first quarter ended 30 September 2023 (“Q1 FY2024”). The Group has demonstrated exceptional growth and strategic resilience, marking a promising start to the year with a substantial increase in revenue.

In Q1 FY2024, Artroniq Berhad achieved an extraordinary revenue of RM16.0 million, marking a stellar increase of about 225-fold as compared to Q6 FY2023. This surge in revenue is mainly attributed to the resolution of previous product returns in the ICT products and related services segment, signifying a robust recovery and commitment to quality and customer service.

Despite the challenging economic climate, Artroniq Berhad has significantly reduced its loss before tax to a less than RM0.1 million in Q1 FY2024 from RM16.0 million in Q6 FY2023. This improvement is a result of strategic initiatives and effective management decisions, including addressing goodwill impairment in the ICT segment.

The management of Artroniq, commented, “We are thrilled with our Q1 performance, which not only showcases our resilience but also our strategic prowess in navigating industry challenges. Artroniq Berhad is actively capitalising on the growth of the semiconductor industry and the emerging electric vehicle market. Our ventures, especially in electric bicycles, are aligned with Malaysia’s Madani Economy objectives and contribute to the national goal of carbon neutrality by 2050. We are committed to innovation, sustainability, and delivering value to our stakeholders.”

They added: “The global semiconductor industry continues to grow despite challenges in securing resources and talent. Malaysia’s strategic initiatives, particularly in Penang, are creating a conducive environment for semiconductor advancements. The government’s focus, as highlighted by the Malaysian Automotive, Robotics and IoT Institute (MARii), on initiatives like the Electric Motorcycle Usage Incentive Scheme is expected to bolster the EV market, including electric motorcycles (e-bikes).”

In conclusion, Artroniq Berhad remains focused on its growth trajectory, leveraging its strengths in the semiconductor and electric vehicle sectors. The Group is committed to navigating the dynamic market conditions with prudence and strategic foresight, ensuring sustained success in 2024 and beyond.

As at 23 November 2023, the share price of Artroniq is RM0.845, representing a market capitalisation of RM344.6 million.

Synergy House Achieves Record Growth with RM69.2 Million Revenue, Profits after Tax Surge by 30.24% in 3Q FY2023

SHAH ALAM, Malaysia, Nov 23, 2023 – (ACN Newswire) – Synergy House Berhad (“Synergy House” or the “Group”), a cross-border e-commerce seller and furniture exporter of ready-to-assemble (“RTA”) home furniture, today announced outstanding financial results for the third quarter ended 30 September 2023 (“3Q FY2023”).

Executive Director of Synergy House, Mr. Tan Eu Tah

In a remarkable display of growth, the Group reported a robust revenue of RM69.2 million and profit after tax (“PAT”) of RM8.1 million for 3Q FY2023, indicating significant quarter-on-quarter improvements. This exceptional performance for the current quarter is largely attributed to Synergy House’s business-to-consumer (B2C) sector’s improved margins, along with the strong growth in its business-to-business (B2B) operations.

Executive Director of Synergy House, Mr. Teh Yee Luen

The Group’s diverse global reach was highlighted in its regional revenue contributions: the United States of America (“USA”) led with RM30.9 million, underscoring its position as the largest market and a testament to the Group’s impactful B2C strategy. The United Kingdom followed closely with RM27.6 million, while the United Arab Emirates contributed RM8.6 million.

For the 9-month period ending 30 September 2023, the Group reported a total revenue of RM179.4 million and a PAT of RM16.9 million, surpassing the PAT of RM16.6 million recorded in the previous 12-month financial year ended 31 December 2022.

The B2C segment was particularly significant, contributing RM77.1 million for the 9-month period ending 30 September 2023, surpassing the total B2C revenue of RM49.6 million recorded in the previous 12-month financial year financial year ended 31 December 2022. This underscores the success of Synergy House’s targeted focus on and investment in the B2C sector.

Executive Director of Synergy House, Mr. Tan Eu Tah said, “The current quarter’s extraordinary results are a clear indicator of the effectiveness of our strategies, particularly in the B2C segment. Notably, our geographical diversification of our B2C segment to UK started to provide positive outcome with an impressive quarter-on-quarter growth of approximately 95%, with revenue reaching RM2.1 million in the third quarter of FY2023, reinforcing our position as a key player in this significant market. Our focused approach in expanding our online presence and enhancing customer engagement has paid off, leading to remarkable growth in both our B2B and B2C segments. We are thrilled with the progress and are committed to continuing our journey towards becoming a dominant force in the global furniture e-commerce market.”

Executive Director of Synergy House, Mr. Teh Yee Luen said, “We are immensely proud of our team’s efforts in achieving these results. The growth in our B2C segment, especially, represents our commitment to meeting consumer demands and adapting to market trends. Our strategies to enhance online visibility and customer reach, coupled with our focus on design innovation, are essential components of our long-term growth plan. We are confident that these strategies will enable us to further strengthen our market position and achieve sustainable growth.”

Looking forward, Synergy House is poised for continued growth with plans to enhance its B2C segment through various strategic initiatives and expand its product range through continuous design and development efforts, and explore opportunities to reach new audiences by expanding to new e-commerce platforms and entering untapped markets in different countries.

Despite global economic challenges, the Group remains optimistic about its prospects in the global furniture e-commerce market, supported by its competitive pricing and established presence in key markets such as the USA, UK, and Canada.

As at 23 November 2023, the share price of Synergy House is RM0.57, representing a market capitalisation of RM285.0 million.

Daythree Achieves Remarkable Growth, with a Record RM66.3 Million in Revenue

KUALA LUMPUR, Nov 23, 2023 – (ACN Newswire) – Daythree Digital Berhad (“Daythree” or the “Group”), a leading Global Business Services (“GBS”) provider, has announced a robust year-to-date (“YTD”) revenue of RM66.3 million, eclipsing the total revenue of RM65.1 million for FY2022. This impressive performance is anchored by the Energy and Utilities segment, contributing RM28.9 million, or 43.6% of the total revenue, demonstrating Daythree’s resilient revenue growth amidst challenging market conditions.

Managing Director of Daythree, Mr. Raymond Davadass

Daythree reported a gross profit of RM5.0 million in Q3, down from RM6.3 million in the preceding quarter. This is primarily attributed to an increased in people costs associated with the expansion of two new revenue streams of an existing client.

The Group’s profit before taxation (“PBT”) stood at RM1.8 million, a decrease from RM3.6 million in the preceding quarter, primarily due to non-recurring listing expenses of RM1.2 million. Excluding the one-off expenses, the adjusted PBT for the current quarter stood at RM 3.0 million and the year-to-date PBT at RM8.8 million.

Daythree’s commitment to diversification is evident in its further business expansion by securing four new clients, including a leading retailer in the region, along with three new clients in the Automotive & Financial Services sectors, which is poised to enhance the Group’s revenue moving forward.

Managing Director of Daythree, Mr. Raymond Davadass expressed optimism, stating, “Our strong YTD performance despite the challenging climate is a testament to our strategic focus and adaptability. With the addition of new brands and clients, including expansion into the Retail and Travel & Hospitality sector, we are setting the stage for continued growth and diversification. Our recent accolades for Industry Excellence at domestic and regional levels, including awards for Best Use of Automation and Data Analytics, Outstanding Tech Company, and Top Investor in Digital GBS, affirm our dedication to innovation and excellence in global business services.”

Daythree’s listing on the ACE Market of Bursa Malaysia on 26 July 2023 further strengthen the Group’s market position. Looking ahead, Daythree is well-positioned for continued growth within the GBS industry, capitalised by the global economic recovery and Malaysia’s strong economic performance. According to Protege Associates Sdn Bhd, the Malaysian GBS industry is expected to expand from RM24.8 billion in 2023 to RM31.7 billion in 2027, a CAGR of 6.3%. Daythree’s innovative digital tools – Daisy, Faith, and Saige – ensure its readiness to meet the evolving demands of the global business landscape.

There are no comparative year-on-year figures as Daythree was only listed on the ACE Market of Bursa Malaysia in July 2023.

As of 23 November 2023, at 12:30 P.M., Daythree’s share price stands at RM0.39, indicating a market capitalisation of RM187.2 million, reflecting the confidence of investors in the Group’s future.

KJTS Group Berhad Receives Bursa Malaysia’s Approval for ACE Market Listing

KUALA LUMPUR, Nov 22, 2023 – (ACN Newswire) – KJTS Group Berhad (“KJTS” or the “Company”) and its subsidiaries (collectively referred to as “KJTS Group” or the “Group”), a building support services provider in Malaysia, Thailand and Singapore, are pleased to announce its approval to list on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Malaysia”). The Company is set to offer a total of approximately 218.03 million new ordinary shares, representing 31.69% of its enlarged issued share capital of 688.00 million ordinary shares, in its upcoming initial public offering (“IPO”).

Since 1984, KJTS Group has evolved significantly over the years. The leadership of the current management team of the Group has been instrumental in shaping KJTS Group’s growth. Today, KJTS Group’s operations extends across Malaysia, Singapore, and Thailand. The Group’s core expertise lies in delivering cooling energy, cleaning, and facilities management services. This includes comprehensive range of cooling energy services which include cooling energy management and engineering, procurement, construction and commissioning of cooling energy systems services, alongside general and specialised cleaning services, and FM services that cover the repair and maintenance of mechanical and electrical machinery and equipment, process utilities, and food and beverage and retail outlet equipment. The services that KJTS Group provides are synergistic as cooling energy, cleaning and facilities management services are necessary for the proper functioning of many types of buildings, including commercial properties such as shopping complexes and offices, manufacturing facilities and institutional buildings such as universities and hospitals.

According to KJTS’ draft prospectus for the IPO posted on the Bursa Malaysia Berhad’s website, the listing exercise involves the IPO of approximately 218.03 million new ordinary shares or 31.69% of the enlarged issued share capital with no offer for sale.

The new ordinary shares will be offered in the following manner:

1. Retail offering of 49.40 million new ordinary shares, representing 7.18% of the enlarged issued shares:

a. 34.40 million new ordinary shares for application by the Malaysian public via balloting, of which 17.20 million new ordinary shares (representing 2.50% of the enlarged issued shares) are reserved for application by Bumiputera investors including individuals, companies, societies, co-operatives and institutions;

b. 15.00 million new ordinary shares reserved for application by the eligible directors, eligible key senior management, eligible employees and persons who have contributed to the success of the Group.

2. Institutional offering of approximately 168.63 million new ordinary shares representing 24.51% of the enlarged issued shares to institutional and selected investors.

Managing Director of KJTS Group, Mr. Lee Kok Choon (“KC Lee”), commented on the milestone, saying, “We are grateful to the Bursa Malaysia for their approval of our IPO on the ACE Market. This listing is a pivotal step in elevating KJTS’ profile and further extending our market reach across Malaysia, Singapore, and Thailand. The IPO also opens doors to capital markets, enabling us to secure funding for our next phase of growth and expansion, particularly in our cooling energy segment.”

KC Lee further added, “The funds raised will significantly contribute to our strategic plans, including the expansion of our cooling energy segment in Malaysia and our operational presence in Malaysia, Singapore and Thailand. This move aligns with our long-term vision to solidify the Group’s position as a leading provider in the building support services industry.”

Hong Leong Investment Bank Berhad is the Principal Adviser, Sponsor, Sole Underwriter and Sole Bookrunner.

KJTS Group Berhad: http://www.kjts.com.my

Kitchen Culture: Update on Progress towards Resumption of Trading of the Company’s Shares

SINGAPORE, Nov 17, 2023 – (ACN Newswire) – The Board of Directors (the “Board”) of Kitchen Culture Holdings Ltd. (the “Company” or “Kitchen Culture”) wishes to announce that following the Extraordinary General Meeting of the Company (“EGM”) held on 17 November 2023, at 9.00 a.m. in the Grand Copthorne Waterfront Hotel, the following two resolutions were passed and adopted by shareholders of the Company:

1. Ordinary Resolution: Appointment of Foo Kon Tan LLP as the statutory auditor of the Company

2. Special Resolution: Change of name of the Company from “Kitchen Culture Holdings Ltd.” to

“SDAI Limited”

At the EGM, 99.997% of the approximately 184.59 million votes represented, were cast in favour of the two resolutions and the resolutions were duly passed.

“Through the effective stewardship of the new Board, a new statutory auditor of the Company has now been appointed, filling the void following the cessation of the previous auditor. This is a significant and necessary step forward in getting the Company back on the path of accountability, restoration and fulfilling all its statutory responsibilities to shareholders.” said Mdm Hao Dongting, Executive Chairperson of the Board.

“With the new management in place, we are actively working to chart a new path for the Company by pursuing various strategies going forward, including a new name for the Company as a testament and reflection of the positive developments being undertaken in our new growth trajectory.”

“Holding the EGM marks a vital milestone towards the Board’s ultimate goal of obtaining SGX approval for the resumption of trading of the Company’s shares. We would like to assure shareholders that we are steadily making progress to create long-term value for the Company and we thank them for their continued trust and patience in us in overcoming the many obstacles during the tumultuous period of the Company’s history.” added Mdm Hao.

Background

Kitchen Culture was listed on the SGX-Catalist on 22 July 2011. The Company previously specialised in the sale and distribution of a wide range of premium imported kitchen systems, appliances, wardrobes systems, household furnishings and accessories from Europe and the USA. The Company worked closely with developers to market “higher-end” residential projects. Since 12 July 2021, the Company’s shares have been suspended due to a variety of issues including non-compliance and systemic internal failures.

Appointment of new Statutory Auditor, Foo Kon Tan LLP

The appointment of the new statutory auditor of the Company is a significant milestone accomplished by the present Board to rectify historical breaches of the Company, signifying a major step to work towards resumption of trading of the Company’s shares. Prior to this, the Company had failed to secure a statutory auditor when the previous auditor, Nexia TS Public Accounting Corporation (now known as CLA Global Public Accounting Corporation), did not seek re-appointment at the last Annual General Meeting of the Company held on 18 March 2022 for the financial year ended 30 June 2021. Consequently, the Company has failed to comply with the requisite listing rules of SGX and is in breach of statutory requirements under the Companies Act 1967 of Singapore for filing of statutory accounts and convening of shareholders’ meeting.

Change of the Company’s name to “SDAI Limited”

The change of the Company’s name from “Kitchen Culture Holdings Ltd.” to “SDAI Limited” will reflect the Company’s strategic direction and business activities going forward. This will enable the Company to create a new corporate identity for itself and develop a new positioning in the market, allowing the public and the Company’s business partners to better identify with the Company under this new name moving forward.

Going Forward

The Company will lodge the requisite statutory returns with the Accounting and Corporate Regulatory Authority of Singapore (“ACRA”) to effect the change of name of the Company from “Kitchen Culture Holdings Ltd.” to “SDAI Limited”. Upon the lodgement of the requisite statutory returns with ACRA, the Company shall adopt the name “SDAI Limited” as its new name and the name “SDAI Limited” shall replace all references to “Kitchen Culture Holdings Ltd.”.

The Company has also been working hard to accelerate the process of completing the Independent Special Audit being conducted by Deloitte & Touche Financial Advisory Services Pte. Ltd. by the end of the year, in compliance with statutory requirements, and is another key factor in the resumption of trading of the Company’s shares.

Change of Continuing Sponsor to ZICO Capital Pte. Ltd.

With effect from 1 November 2023, the Company has appointed ZICO Capital Pte. Ltd. as its new continuing sponsor in place of the previous continuing sponsor, SAC Capital Private Limited. The change of continuing sponsor is due to commercial reasons.

This media release is to be read in conjunction with the Company’s announcement on the results of the EGM held on 17 November 2023 released on SGXNET on 17 November 2023.

For media queries, please reach out to:
Waterbrooks Consultants
Wayne Koo – wayne.koo@waterbrooks.com.sg +65 9338-8166
Derek Yeo – derek@waterbrooks.com.sg +65 9791-4707

Proud Investor Relations partner:

https://www.waterbrooks.com.sg/ https://www.shareinvestorholdings.com/

ISSUED BY KITCHEN CULTURE HOLDINGS LTD:

This media release has been prepared by the Company and its contents have been reviewed by the Company’s sponsor, ZICO Capital Pte. Ltd. (the “Sponsor”), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) Listing Manual Section B: Rules of Catalist.

This media release has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this media release, including the correctness of any of the statements or opinions made or reports contained in this media release.

The contact person for the Sponsor is Ms Goh Mei Xian, Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Legacy Trustee Ltd Partners with Prominent Financial and Educational Collaborators in Labuan International Business and Financial Centre on Wealth Management Portfolio

SINGAPORE, Nov 15, 2023 – (ACN Newswire) – Legacy Trustee Ltd (“Legacy Trustee” or the “Company”), an established Asian private trustee with a Digital Asset Infrastructure Platform that provides international wealth management services through custom-made trust portfolio services and education, has signed a Memorandum of Understanding (“MoU”) with multiple well known financial institutions and organisations in Labuan International Business and Finance Centre (“Labuan IBFC”) on Wealth Management Portfolio.

The signing partners includes Alpine Advisory Sdn. Bhd, AMS Trust Company Limited, Estate Planning Practitioners (HK) Limited EPPL (HK), Fintech Bank Limited, GLP Consultancy Sdn Bhd (U Need Will), J.Rotbart & Co Gold Precious Metal, Pacific Invesco Capital Ltd, PFPFA Pte Ltd, UOB Kay Hian Wealth Advisors Sdn. Bhd. and VCI Global Limited.

Through these partnerships, the Company aims to provide clients with an integrated wealth preservation plan. This collaborative approach enhances convenience as well as safeguard the best interest for settlors and beneficiaries.

The wealth management involves some strategic management of financial assets, to achieve an individual and family financial goals. Spanning from retirement savings to asset protection for future generations. Trusts play a pivotal role in realising a spectrum of wealth management objectives. Among key benefits of using a trust for wealth management is that it offers flexibility in financial planning for asset growth and preservation while segregating power over managing, owning, and benefiting from trust assets. When assets are placed under a trust, they are no longer considered part of the grantor’s estate, which means that assets under trust are not subject to traditional estate distribution. This can be particularly important for high-net-worth individuals who may have complex succession planning needs for their immovable assets, movable assets, and business empires.

As Labuan IBFC is a leading international business and finance centre that offers a wide range of financial products and services, including the new in demand wealth management mechanism named Labuan Foundations. Among key benefits of using a Labuan Foundation, is that it provides asset protection and confidentiality. Assets held in a foundation are owned by the foundation itself, and not by the founder or beneficiaries. Additionally, the names of the founder and beneficiaries are not publicly disclosed, ensuring confidentiality. Labuan Foundations are also flexible and tax efficient.

Successfully, Legacy Trustee Ltd and Bank Islam Trust Company (Labuan) Ltd have declared their respective intentions for the purpose of achieving the principles of collaboration which are to offer an innovative and an attractive option of Labuan Foundations structure for high-net-worth individuals and families as part of their wealth management plan.

The Malaysian government, through Labuan Financial Services Authority (“Labuan FSA”), having a wide array of financial products and services, and skilled workforce, is committed to developing Labuan as a world-class sustainable financial centre.

Mr. Nelson Goh, Principal Officer and Managing Director of Legacy Trustee said, “In our rapidly evolving digital age, digital assets are crucial, and collaboration among digital trustee companies, asset managers, and regulators is necessary. Labuan aims to become Asia’s top financial hub, offering tax efficiency, diverse financial products, and skilled professionals. To achieve this shared goal, both the public and industry players need access to knowledge and continuous education. Importantly, synergy and unity among industry players are vital to achieving the goals.”

He added, “Today’s MoU symbolises our commitment to enrich wealth management, estate planning, and cross-financial institutional and legacy academy collaborations. It’s a milestone for Legacy Trustee Ltd, Labuan, and the Malaysian financial industry.”

This MoU is also witnessed by representatives of Labuan IBFC Incorporated Sdn Bhd (“Labuan IBFC Inc.”), representatives of Bank Islam Trust Company (Labuan) Ltd and the President of Malaysian Institute of Estate Planners (“MIEP”), Mr See Kok Loong, which will mark a significant step towards promoting the utilisation of trusts and foundations in wealth management, estate planning and importance of legacy academic in fostering among financial institutions within the Labuan International Business and Finance Centre. This initiative is believed could attract new businesses and investment to Labuan, which would benefit the Malaysian economy.

Back Row (From L-R):
– Vivian Yong, Group COO, VCI Global Limited
– Melvin Sho, Representative of Fintech Bank Limited (Labuan)
– Herman Chong, Director of Strategic transaction-Singapore, J. Rotbart & Co
– Jeff Chow, Chief Executive Officer, PFPFA PTE LTD.
– Alvin Tan, Chief Executive Officer, UOB KayHian Wealth Advisory Sdn Bhd
– Julian Seng , Director of Compliance, Alpine Advisory Sdn Bhd
– Gary Lee, Founder, GLP Consultancy Sdn Bhd “U NEED WILL”
– Lee Chiwi, Chief Executive Officer, Estate Planning Practitioners (HK) Limited

Front Row (From L-R):
– Dato Sri Desmond Lim, Board of Advisor, Pacific Invesco Capital
– Joyce Louisa, Chief Operating Officer, Legacy Trustee
– Dato’ Seri Prof. Dr. Mohamad Zabidi Ahmad, Independent Non-Executive Director, BIMB Investment Bank Islam Malaysia Berhad
– Nelson Goh, Managing Director, Legacy Trustee
– Eric Rodriquez Sigutil, Head, Legal & Secretarial, Bank Islam (Labuan) Trustee LTD
– Komaladewi Sabilawati, Representative of Datuk Iskandar Mohd Nuli, Executive Chairman cum CEO, Labuan IBFC Incorporated
– Rita Mohd Sharif, Director/ Principal Officer, AMS Trust Company Limited
– See Kok Loong, President, Malaysia Institute of Estate Planner

Appia Reports New Assay Results Increasing the Total Weighted Average to 2,287 PPM TREO Across 57 RC Drill Holes at its PCH Ionic Clay Project, Brazil

Toronto, Ontario–(ACN Newswire – November 9, 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 the outstanding assay results from the latest 39 drill holes, part of a comprehensive 147-hole Reverse Circulation (RC) drilling program. The total weighted average across 57 RC drill holes reported to date is 2,287 parts per million (PPM) or 0.23% Total Rare Earth Oxides (TREO). The PCH Ionic Clay Project continues to showcase impressive distribution, width, and grades, underscoring its significant potential.

Summary:

Overall Grade:
- Total weighted average of 2,287 parts per million (PPM) or 0.23% Total Rare Earth Oxides (TREO) across 57 RC drill holes reported to date, including:
  - 542 ppm or 0.054% Magnet Rare Earth Oxides (MREO), and
  - 167 ppm or 0.017% Heavy Rare Earth Oxides (HREO).
Highest-Grade Intercepts:
- PCH-RC-051 from 0 to 11m End of Hole (EOH):
  - 9,279 ppm or 0.93% TREO, and 2,138 ppm or 0.21% MREO, and 464 ppm or 0.046% HREO, including:
    - 14,166 ppm or 1.42 % TREO across 4m (from 3m to 7m ) with 3,217.05 ppm or 0.32% MREO, and 662 ppm or 0.066% HREO, and
    - 10,098 ppm or 1.01% TREO across 3m (from 8m to 11m EOH) with 2,483 ppm or 0.25% MREO and 550 ppm or 0.05% HREO.
- PCH-RC-063 from 0 to 24m EOH
  - 27,189 ppm or 2.72% TREO, 6,293 ppm or 0.63% MREO, 1,369 ppm or 0.14% HREO, and 25,819 ppm or 2.59% Light Rare Earth Oxides (LREO). (Previously reported. See October 31, 2023 Press Release.)

“Appia has doubled the average depth of the mineralized zones to over 13 metres, and we now have a total weighted average of 2,287 ppm TREO across all reported drill holes each with significant magnet elements present,” commented Stephen Burega, President. “With this set of results, we can see that the potential of Target IV in terms of distribution, grade, and thickness of mineralization is well beyond our initial expectations.”

“Results from holes like PCH-RC-063 and PC-RC-051 with very high-grade mineralization further validate our understanding and excitement of the project’s geology,” commented Carlos Bastos, Geology Manager and Appia’s Brazilian Qualified Person.

“It is very encouraging for Appia to see more high-grade results occurring within the Target IV area,” stated Tom Drivas, CEO. “Appia will be working with SGS Geological Services to complete a comprehensive NI 43-101 technical report and Mineral Resource Estimate (MRE) on Target IV over the coming months, capitalizing on the promising results we are getting from our recent drilling.”

Appia will provide timely updates to shareholders and the general public as assay results are received from the remaining 90 RC, 106 Auger, and 1 diamond drill holes. The following tables exclude results from the pending 6 RC holes yet to be received by the Company — RC-PCH-053, 054, 057, 058, 061, and 062.

Chart #1 — PCH-RC-051 Drill Log

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/186737_93cfdbbef4fcd866_005full.jpg

Table #1 — Denotes weighted average chemical assay results of composites RC samples from PCH-RC-001 to PCH-RC-017.
(Previously reported. See October 16, 2023 Press Release – Click Here)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/186737_appia1.jpg

Table #2 — Denotes weighted average chemical assay results of composites RC samples from PCH-RC-018 to PCH-RC-042.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/186737_appiat2.jpg

Table #3 — Denotes weighted average chemical assay results of composites RC samples from PCH-RC-043 to PCH-RC-063. (Hole PCH-RC-063 was previously reported. See October 31, 2023 Press Release — Click Here)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/186737_appiat3.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]).

For a full list of all assays released to date – PLEASE CLICK HERE

Map #1 — Location of Reverse Circulation Drilling Program, PCH Project, Goias, Brazil

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/186737_map1.jpg

Table #4. For a full listing of drill hole collar details – SIRGAS 2000 – UTM zone 22S. Please click here.

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 vertical and reported intervals are true widths. Each 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 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 9^th, 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/186737

Nasdaq-Listed AGAPE Forges Ahead with Sustainable Energy Business

KUALA LUMPUR, Nov 8, 2023 – (ACN Newswire) – Homegrown Nasdaq listed AGAPE ATP Corporation (“ATPC” or the “Company”; stock code: ATPC) intends to finance the construction of 50 electric vehicle (“EV”) charging stations by Volt Industries Sdn. Bhd. (“Volt Industries”) in Pahang as part of the Company’s strategy to develop and offer sustainable energy solutions.

Datuk Tay Say Jim, Dato Sri Dr How Kok Choong, YB Dato' Mohamad Nizar bin Dato' Sri Mohamad Najib and Edward Ang Mou Lee [L-R] — Datuk Tay Say Jim, Dato Sri Dr How Kok Choong, YB Dato’ Mohamad Nizar bin Dato’ Sri Mohamad Najib and Edward Ang Mou Lee [L-R]

ATPC recently signed a Memorandum of Agreement (MoA) with Volt Industries, in which the Company also intends to acquire a 51% stake in Volt Industries, a developer of EV charging stations based in Pahang. ATPC, which was recently listed on Nasdaq, specializes in sustainable global ‘wellness’ ecosystem and the development and production of advanced technology solutions for the energy sector.

The MoA was attended by founder and Chief Executive Officer (CEO) of ATPC Dato’ Sri Dr. How Kok Choong, CEO of Volt Industries Datuk Tan Say Jim, founder and CEO of Oriental Industries Enterprise Sdn. Bhd. Edward Ang Mou Lee and witnessed by Member of the Pahang State Executive Council, YB Dato’ Mohamad Nizar bin Dato’ Sri Mohamad Najib.

Dato’ Sri Dr. How Kok Choong, the founder of AGAPE ATP, said: “Our recent IPO on Nasdaq was just the beginning. This MoA signifies ATPC’s expansion into the sustainable energy space, reflecting our ambitions on both the local and global stages. In forging this partnership with Volt Industries, we’re not merely building charging stations, we’re powering Malaysia’s sustainable future. This partnership underscores our unyielding commitment to spearheading a green transformation on the global stage.”

He explained, “The main purpose of this transformative partnership is ATPC’s strategic venture into Volt Industries, acquiring 51% share, where this acquisition underscores ATPC’s plans to be at the forefront of Malaysia’s EV transformation. This project will be funded privately, with no government subsidies.”

Under the MoA, ATPC will explore the project’s financial viability by securing primary funding as well as seeking additional capital from other avenues. Volt Industries will initiate the project’s groundwork, including acquiring all necessary permits and licenses as well as ensure full compliance with local regulations together with construction work.

Datuk Tan Say Jim, Chief Executive Officer of Volt Industries said, “Our technical expertise spans the entire value chain from design to operations and we see our expertise and strengths complimenting ATPC’s strategies and corporate direction. We look forward to working with ATPC to roll out the 50 EV charging stations across Pahang that will reshape the state’s transportation landscape.”

On the same day, ATPC also signed a MoA with Oriental Industries Enterprise Sdn. Bhd. (“OIE”), a company focusing on cutting-edge EV battery development, with the intent to form a Special Purpose Vehicle Company (SPV) providing and promoting the development of renewable energy in Malaysia. Both ATPC and OIE will hold 50% shares in the SPV.

AGAPE ATP Corporation: [Nasdaq: ATPC], https://www.agapeatpgroup.com/

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 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

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

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:
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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

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.

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.

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