HFR, Inc. (KOSDAQ 230240), the leading ICT solutions provider in Korea, today announced that it will collaborate with KT Corporation (KRX:030200; NYSE:KT), Korea’s largest telecommunications service provider, to advance technology development, expand private 5G (P5G) use cases, and support digital transformation (DX) for small to medium-sized enterprises, local governments and public enterprises. The two companies signed a memorandum of understanding (MOU) at KT’s Songpa building in Seoul, Korea.
Cheong Jong-min, HFR CEO (right) after signing the memorandum of understanding (MOU).”>
HFR and KT Sign MOU – Min Hye-byung, SVP of KT Enterprise Service DX Business Unit (left), and Cheong Jong-min, HFR CEO (right) after signing the memorandum of understanding (MOU).
This agreement combines the strength of these two companies: HFR, a leading private 5G innovator which offers my5G(TM), an end-to-end solution for deploying private 5G networks (components include a Service Management Platform, Unified Network Management System, vCore, vCU/DU, Fronthaul Mux, RUs and CPEs), and KT, Korea’s largest mobile operator in both public and enterprise markets, with extensive experience building and operating private 5G networks.
Through this collaboration, the two companies plan to introduce P5G with high reliability and increased competitiveness to greatly enhance the P5G ecosystem. In addition, enterprises that have introduced P5G, or are considering the deployment of P5G will benefit from enabling an accelerated path to digital transformation.
“HFR will contribute to the development of P5G and society by providing economical solutions for small and medium-sized enterprises while delivering tailored solutions that ensure security and smart society applications to public enterprises, including local governments,” stated Jung Hae-kwan, Head of HFR’s Private Mobility Group.
“In the private 5G area where the initial market is being formed, the expansion and activation of the ecosystem are directly related to the interests of customers,” said Min Hye-byung, SVP of KT Enterprise Service DX Business Unit. “KT will continue to develop competitive private 5G services through this cooperation between our two companies.”
About my5G(TM):
HFR’s my5G(TM) solution is a pre-integrated private 5G system. The 3GPP-compliant packaged solution includes key components such as vCore, vCU/DU, indoor and outdoor radio units, plus integrated CPE devices with a complete service & network management platform. HFR is deploying my5G in critical applications such as IIOT in a nuclear power generation site in Korea, railway solutions in Japan, as well as across several factory and industrial complexes.
About HFR, Inc.:
HFR, Inc. (KOSDAQ 230240) is the leading ICT equipment vendor in Korea, offering a full range of optical transport, broadband access with WiFi products, and Private 5G. For the last 23 years, HFR has provided innovative products to the world’s largest mobile operators. HFR has established strong partnerships with Korean mobile operators resulting in leading-edge technology, field-proven deployments, and expansion into the global market. For more information, visit www.hfrnet.com.
About KT Corporation (KRX: 030200; NYSE: KT):
KT Corporation is the largest integrated telecom and digital platform service provider based in South Korea. Principal services include mobile, Broadband, IPTV, B2B communications, fixed-line telephony. The company has industry-leading market presence in Broadband, media services, and fixed-line telephony by maintaining the No.1 market share position. Also, the company is the No.1 player in B2B communications and offers a wide range of digital transformation services (IDC, Cloud, AI, etc.).
Contact Information Peter K. Cho Global CTO, HFR peter.cho@hfrnetworks.com +1 469-703-0861
B.Duck Semk Holdings International Limited (“B.Duck Semk”, together with its subsidiaries, the “Group”, stock code: 2250.HK), the largest domestic character Intellectual Property (IP) company in China engaged in the provision of licensing services, design consultation services and retailing of licensed brand products of its original B.Duck family characters, has entered into a Memorandum of Understanding (“MoU”) with the Public Investment Fund of Saudi Arabia (“PIF”) on 28 July 2023. According to the MoU, the Group will collaborate with PIF Asia Division in the form of investment, project and brand development. The total investment amount, which will be wholly funded by PIF, is estimated to be US$250 million (equivalent to approximately HK$1.96 billion).
Mr. Hui Ha Lam, Chairman and Chief Executive Officer of B.Duck Semk, said: “We are honored to have entered into the MoU with PIF Asia Division, one of the largest and most influential sovereign wealth funds in the world, and we are grateful for the recognition from PIF Asia Division. As the largest domestic character IP in China, we are experienced in the character licensing business and IP management. With PIF’s financial support and its extensive network and resource advantages in around the world, we believe the cooperation will create synergies leveraging the respective strengths of both parties, allowing us to seize the immense opportunities in the Southeast Asia and Middle East IP market and achieve mutual success.”
PIF is the sovereign wealth fund of the Kingdom of Saudi Arabia, with asset under management amounting to US$620 billion at present. Driven by Saudi Arabia’s ‘Vision 2030’ national transformation program, the share of PIF’s overseas investment has been increasing and is expected to reach 50% by 2030. In recent years, PIF has been actively investing in China, selecting projects that are leaders in the respective industries and innovation, and have growth potential in their industries, assisting the invested companies in achieving industry consolidation. PIF’s global investment remit is wide, including but not limited to communication technology, real estate, financial services, gaming, e-sports and leisure consumption. Such corporate network and resources are crucial for B.Duck Semk to enter global markets. Through the cooperation with PIF Asia Division, the Group can also benefit from the strategic advantages to accelerate its new market development.
According to the MoU, PIF Asia Division plans to invest in the Group in three aspects: firstly, it intends to provide US$50 million in financing to the Group, by way of project financing, subscription of convertible securities , and other means with a period of five years; secondly, it plans to invest in the Group’s expansion in overseas entertainment and tourism projects, including the joint development of B.Duck entertainment parks and hotels, with an investment amount of US$200 million; and thirdly, it plans to serve as the brand agent of B.Duck IP in the Middle East region.
With the global pandemic abating and economic activities recovering, physical entertainment activities and the IP cultural and tourism have become the key development focuses of the Group. PIF Asia Division plans to invest US$200 million in the Group’s overseas entertainment and tourism projects. In addition to the Middle East, the parties plan to jointly develop the B.Duck theme entertainment parks and hotels in Thailand and Southeast Asia, further enhancing B.Duck’s brand influence and IP market penetration in these markets. In fact, the Group has already established a solid business foundation in Southeast Asia, especially in Thailand. It has recently established a subsidiary in Thailand, which focuses on operating an e-commerce and licensing business there.
According to a market survey, Thailand’s e-commerce market will expand at a compound annual growth rate of 23% over the next three years, reflecting accelerated growth speed as well as significant business opportunities. At present, Thailand is B.Duck Semk’s largest overseas licensing region. The Group plans to export its own e-commerce business and domestic products developed by licensing customers to Thailand first, and strives to replicate its successful domestic business model in the Southeast Asia market. On this basis, the Group plans to invest more resources in location-based entertainment licensing projects, such as theme entertainment parks and hotels in Thailand and Southeast Asia. The cooperation with PIF allows the Group to increase the coverage of B.Duck IP, and achieve the strategic development goals of quickly expanding fan base and accelerating monetization momentum.
In addition, a market survey had shown that the total retail sales of character licensing products worldwide in 2022 amounted to approximately HK$2,663.5 billion, of which more than 60% were licensed products in North America, and only 1% in the Middle East and Africa, demonstrating strong growth potential in the Middle East market. As the largest domestic character IP licensing company in China, B.Duck Semk has high brand awareness, with more than 20 million subscribers or followers worldwide, and over 1 billion views of all kinds of content related to the B.Duck family characters. The Group also has strong capability in character design and a mature character licensing business model. So far, it has launched more than 1,200 style guides and more than 36,000 SKUs. Through expansion into the Middle East IP market, the management strongly believes that the Group can give full play to its leading advantages and become the “leading force” in exporting Chinese IPs overseas. PIF Asia Division ‘s significant investment in the Group has provided impetus to the Group’s long-term vision of demonstrating the soft power of Chinese culture to the world.
Mr. Hui concluded, “We will strive to explore this new market and create new opportunities, and PIF will be an important strategic partner for B.Duck Semk to enter the Middle East market for the first time. Going forward, the Group’s development blueprint for the next three years will center on ‘refining our workmanship, strengthening our position’. Through ‘horizontal’ and ‘vertical’ initiatives, we will strive to achieve resource integration and synergies with upstream and downstream players and industry peers. Vertically, the Group will actively develop cross-border e-commerce, fully integrate online – offline businesses, and increase market channels. Horizontally, the Group will expand its high-quality IP matrix via its own development and incubation efforts, acquisitions, engagement with licensing agents, etc. Overall, the group will expand the channels and scenes related to IP operations and actively deploy funds from this financing to establish a strong presence in various fields such as theme parks, pop toys, gaming, and cultural tourism. We believe the cooperation with PIF Asia Division will be an extremely important milestone to press toward the strategic goal of becoming ‘a high-quality integrated IP company’.”
About B.Duck Semk Holdings International Limited B.Duck Semk Holdings International Limited (stock code: 2250.HK) is the largest domestic character IP company in China engaged in the provision of licensing services, design consultation services and retail of brand products of its self-created B.Duck family characters. With strong in-house artistic design capabilities, B.Duck Semk has developed and nurtured a proprietary portfolio of approximately 25 self-created characters created under the motto of “Be Playful”. B.Duck family characters had recorded in aggregate more than 20 million subscriptions or follows by B.Duck fans on various e-commerce platforms and social networking platforms, and over 1 billion views of all kinds of content related to the B.Duck family characters.
According to the “Top Brand Licensing Agents 2023” report published by License Global, B.Duck Semk has achieved approximately US$500 million in retail sales for its original and the licensed brands represented by B.Duck Semk, ranking 21st globally. B.Duck Semk has received the “Asian Property of the Year” awards by Licensing International from 2016, 2018, 2019, and 2020, as well as the “China Property of the Year” award in 2021.
Media Enquiries: Strategic Financial Relations Limited Heidi So Tel: (852) 2864 4826 Email: heidi.so@sprg.com.hk Rachel Ko Tel: (852) 2114 2370 Email: rachel.ko@sprg.com.hk Maggie Ko Tel: (852) 2864 4890 Email: maggie.ko@sprg.com.hk Website: www.sprg.com.hk
Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company”) is very pleased to announce it has signed a binding term sheet (the “Term Sheet”) to provide up to US$150 million in financing to fully fund the construction and completion of the Phase 2 Expansion at the ATO Gold Mine (the “Phase 2 Expansion”).
ATO Phase 2 Expansion Highlights: — US$150 million fully funded to finance the Phase 2 Expansion of the ATO Gold Mine. — Initial funding of US$50 million loan approved to order equipment and long lead items. — The financing payback period starts upon completion of Phase 2 Expansion. — First concentrate production and sales from Phase 2 is anticipated in 2025. — Construction has commenced with the crushing circuit at 90% completion. — The EPC selection process is well advanced, with final negotiations on timelines. — Fresh rock mine expansion life is 12 years, extending open pit mining and milling operations to December 2036. — The open pit model demonstrates the fresh rock phase generating 1,237,000oz Au Eq recovered over 12 years, at an average Au Eq oz of 103,000oz per annum. — Total gross revenue over the next 14 years is anticipated to be US$2.2 billion, including the current oxide phase. — Approximately 300 new jobs will be created during the construction and operation phases. — Project is fully supported by local communities and all stakeholders. — The Government of Mongolia fully supports mining and industrial export revenues into the country.
This significant milestone is the culmination of two years of collaborative efforts with our key stakeholders in Mongolia as we successfully move forward with the Phase 2 expansion. Since our listing in 2018, the Company has been dedicated to establishing a strong social license for our sustainable mining project, aiming to create lasting value for the people of Dornod and Mongolia. The secured financing will spur employment and investment during the upcoming construction phase and sustain these benefits until at least 2036.
Recognizing the untapped economic potential within the expansive +5,500-hectare license area, the Company remains committed to an active exploration program to fully leverage its value.
The terms of the financing comprise three tranches of US$50 million each for a total of US$150 million, to be funded in line with the planned construction phase of the Phase 2 Expansion.
Financing Details 1. US$50 million term loan from the Trade and Development Bank of Mongolia (“TDB”). The Bank Loan will have a term of four years at an interest rate of 13.4% with flexible prepayment conditions.
2. Senior Secured Credit Facility for US$50 million comprised of a senior secured non-revolving amortizing loan (the “EPC Loan Facility”). — Term of 60 months — Repayments commencing 35 months from the Closing Date — Funded in tranches commencing in January 2024 — Interest rate of 12% per annum
3. Senior Secured Gold Linked loan for US$50 million (the “Gold Linked Loan”) — Subject to market conditions and equity markets, the Company has negotiated a Gold Linked Loan with fixed repayment terms. — Repayments commencing from approximately January 1, 2026, which assumes first concentrate production in mid-2025. — Gold-linked loan repayment over five years based on concentrate production with a final payment of US$40 million. — Warrants with a $1.50 strike price to be issued on drawdown under the Gold Linked Credit Agreement, subject to approval of the Toronto Stock Exchange (the “TSX”).
Conditions and Next Steps — The parties will move to definitive loan documentation, with funding in tranches over the next 9 – 12 months. The TDB Bank Loan will likely be funded starting in July. — The lenders’ obligations to advance any loan proceeds shall be subject to the satisfaction of customary advance and release conditions for a project financing of this nature. — Financial covenants will be customary for a financing of this nature. — Steppe Gold is in discussions with Triple Flag Mine Finance, and Triple Flag has expressed their support in principle for the Phase 2 financing, and welcomes partnering with TDB on the Phase 2 Expansion.
Steppe Gold Chairman and CEO, Mr. Bataa Tumur-Ochir commented, “This is a significant milestone for Steppe Gold and secures the future of the ATO Gold mine for the next 14 years. It has been a challenging yet rewarding 5 years since we listed on the TSX, and the Company has been working towards unlocking the full potential of the ATO Gold Mine through the Phase 2 expansion. Most importantly, it allows the Company to move forward with all our stakeholders in Mongolia with a long-term and sustainable project in the region, with secure employment opportunities and positive economic outcomes.”
Steppe Gold Chairman and CEO, Mr. Bataa Tumur-Ochir expressed immense pride in this collaboration with TDB, its long-time banking partner and extended his gratitude to the entire TDB Group for their partnership and unwavering support in realizing their vision of developing Mongolia’s mining industry and boosting export revenues for the country.
The secured funding package will enable Steppe Gold to expedite the Phase 2 Expansion with confidence, ensuring that their objective of initiating concentrate sales in 2025 is met. During the construction phase of the expansion, the Company will maintain its production of gold and silver from the current oxide phase for a period of three years.
Jeremy South, Steppe Gold Senior Vice President and Chief Financial Officer noted, “We are very pleased to have reached agreement on a competitive lending package in a very difficult market for mine development financing. It underscores the strong fundamentals of the ATO Gold Mine and it represents a strong vote of confidence in Mongolia and in the Steppe Gold team. Importantly, it builds in flexibility in debt service and aligns the repayment schedule with the project cash flows, as well as limiting dilution in tough equity markets.”
Goh Way Chuan, Director of TDB Capital commented, “We are delighted to announce the extension of our long-standing partnership with Steppe Gold. The team at Steppe Gold has delivered on its promises and we are excited to partner with them on the Phase 2 Expansion with a flexible capital solution that matches risk and reward.”
Shaun Usmar, CEO of Triple Flag Mine Finance also commented, “As a founder investor in Steppe Gold and one of our initial stream partners, we congratulate Steppe Gold on this landmark financing for the Phase 2 Expansion at the ATO Gold Mine. We are excited to partner with TDB and Steppe Gold as they embark on this significant project.”
About Trade and Development Bank of Mongolia: Trade and Development Bank of Mongolia is Mongolia’s oldest and leading corporate bank. The Bank acts as a primary lender to most of the Mongolian leading corporations, foreign corporations, and foreign representative offices across all major industrial and commercial sectors.
About TDB Capital TDB Capital is an investment management company with well-diversified assets in various sectors and roots in the financial industry.
Steppe Gold Ltd. Steppe Gold is Mongolia’s premier precious metals company.
For further information, please contact: Bataa Tumur-Ochir, Chairman and CEO Shangri-La office, Suite 1201, Olympic Street19A, Sukhbaatar District 1,Ulaanbaatar 14241, Mongolia Tel: +976 7732 1914
Cautionary Note Regarding Forward-Looking Statements This news release contains certain statements or disclosures relating to the Company that are based on the expectations of its management as well as assumptions made by and information currently available to the Company which may constitute forward-looking statements or information (“forward-looking statements”) under applicable securities laws. All such statements and disclosures, other than those of historical fact, which address activities, events, outcomes, results or developments that the Company anticipates or expects may, or will occur in the future (in whole or in part) should be considered forward-looking statements. In some cases, forward-looking statements can be identified by the use of the words “allow”, “anticipated”, “assumed”, “believe”, “continue”, “estimates”, “expected”, “planned”, “potential”, “target”, “will” and similar expressions. In particular, but without limiting the foregoing, this news release contains forward-looking statements pertaining to the following: terms of the debt financing, use of proceeds of the debt financing, capital expenditures of the Company, the impact of production on investment, job creation and value creation, the timing, goals, targets and revenue related to the Phase 2 Expansion and terms of the EPC Contract and future plans of the Company.
The forward-looking statements contained in this news release reflect several material factors and expectations and assumptions of the Company including, without limitation: that the Company will continue to conduct its operations in a manner consistent with past operations; the general continuance of current or, where applicable, assumed industry conditions; obtaining applicable TSX approval; and estimates related to the commencement and production of gold.
The Company believes the material factors, expectations and assumptions reflected in the forward-looking statements are reasonable at this time but no assurance can be given that these factors, expectations and assumptions will prove to be correct. The forward-looking statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements including, without limitation: changes in business plans and strategies, market and capital finance conditions, general economic, market and business conditions; reliance on industry partners; and certain other risks detailed from time to time in the Company’s public disclosure documents including, without limitation, those risks identified in this news release, and in the Company’s annual information form for the year ended December 31, 2022, copies of which are available on the Company’s SEDAR profile at www.sedar.com. Readers are cautioned that the foregoing list of factors is not exhaustive and are cautioned not to place undue reliance on these forward-looking statements.
The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Toronto, Ontario–(Newsfile Corp. – June 9, 2023) – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (FSE: A0I0.F) (FSE: A0I.MU) (FSE: A0I.BE) (the “Company” or “Appia”) is pleased to announce that, further to its press releases of March 7, 2023 and May 30, 2023, the Company has signed a Definitive Agreement (the “Definitive Agreement“) with 3S LTDA (“3S“), Beko Invest Ltd. (“Beko“), Antonio Vitor Junior (“Antonio“) and AZ125 Mineracao Ltda (the “Company“) to acquire up to a 70% interest in the PCH Project (the “Transaction“) located in the Tocantins Structural Province of the Brasília Fold Belt, Goiás State, Brazil (the “Property“).
“Appia has taken a significant step in cementing itself among the upper tier of critical mineral explorers with today’s announcement,” stated Stephen Burega, President. “Brazil is emerging as a significant source of rare earths contained in ionic clays, and Appia’s PCH project will further enhance this potential. The known rare earth element distribution at PCH should lead to favourable economics for processing; is easily on par with other ionic clay projects outside of Asia; and it contains relatively high levels of the magnetic REEs. Early-stage review of the rare element distribution indicates a high potential ‘basket price’ which is a positive indicator to advance the project. Once additional analysis is completed, a more detailed summary of known results will be shared with the market.”
Pursuant to the terms of the Definitive Agreement, the Property will be held by the Company, Appia will hold a 70% interest in the Company, subject to completing the option obligations referred to below, and Antonio will hold a 30% interest in the Company. The initial 500,000 shares (the “Initial Shares“) to be issued to Beko will be issued when certain administrative steps have been completed in Brazil to perfect the 70% interest of Appia in the Company (the “Perfection of the Transaction“). A further announcement will be made when the Initial Shares are to be issued.
Upon Perfection of the Transaction, Appia can maintain its 70% interest in the Company by issuing an aggregate of a further 2.0 million common shares of Appia to Beko and spending US$10 million on the Property over a period of five (5) years (the “Option Period“) after which Appia will have earned a 60% interest in the Company. If Appia earns its 60% interest, it will then be obligated, within 90 days of earning its 60% interest, to issue a further US$1,250,000 of common shares of Appia to Beko to earn a further 10% interest in the Company. The number of shares to be issued to earn the further 10% shall be that number of common shares of Appia equal to the number arrived at by dividing US$1,250,000 by the greater of the average closing price of the common shares as quoted on the Canadian Securities Exchange (the “CSE“) for the 30 trading days immediately preceding the announcement by Appia of its intention to earn the additional 10% interest and the discounted market price of the common shares of Appia based on the last closing price immediately preceding the announcement.
Appia will acquire incremental vested interests in the Company upon completion of specific expenditure requirements pursuant to the terms of the Definitive Agreement. Once Appia issues at least a further 500,000 common shares to Beko and spends at least US$1 million on the Property (at which time it will have earned a 10% interest in the Company) (the “Initial Obligation“), Beko will be granted a 1% net smelter returns royalty (the “1% NSR“) in the Property. Appia will have a right of first refusal to acquire the 1% NSR.
Once Appia has earned its 70% interest in the Company, Appia and Antonio will enter into a joint venture with respect to the further exploration and development of the Property (the “Joint Venture“) with Appia holding a 70% interest and Antonio holding a 30% interest in the Company. The Joint Venture will be governed by the terms of a Quotaholders Agreement to be signed by Appia and Antonio as part of the Perfection of the Transaction. The Quotaholders Agreement will act as a unanimous shareholders agreement and a joint venture agreement with respect to the further exploration and development of the Property. Upon the formation of the Joint Venture, Antonio will have 90 days within which to elect to either (a) participate in the Joint Venture and contribute his pro rata share of expenditures or be diluted; (b) sell all of his 30% interest in the Company, subject to a right of first refusal in favour of Appia; or (c) elect to have Appia fund its pro rata share of expenditures pursuant to the Joint Venture subject to the right of Appia to be reimbursed for 150% of the expenditures made by Appia on behalf of Antonio before any proceeds are paid to Antonio.
If a party is required to make a contribution pursuant to the Joint Venture and that party does not make its pro rata contribution to development expenditures, that party’s interest in the Company will be diluted pro rata based upon that party’s deemed and actual contributions to the Joint Venture relative to the total deemed and actual contributions to the Joint Venture by both parties. A party whose interest is diluted to 10% or less shall immediately be converted to a 1% net smelter returns royalty (“1% Dilution NSR“) with the remaining party’s interest converted to a 100% interest in the Company subject to payment of the 1% Dilution NSR. The remaining party will have a right of first refusal to purchase the 1% Dilution NSR.
Should Appia fail to make some or all of the expenditures required in any year, Beko will notify APPIA in writing of such failure, after which Appia will have 30 days to make the required expenditure. Failure to make the expenditure within the 30 days will result in Appia’s earned interest being reduced pro rata in proportion to the amount of money actually expended by Appia in such year. Appia shall have the right to make additional expenditures in a subsequent year to earn the balance of the interest it would have earned had it made the entire expenditure in the previous year. If Appia fails to expend an aggregate of US$10 million and issue an aggregate of 2,000,000 common shares of Appia to Beko within the Option Period, Appia may, at any time during the Option Period after completing the Initial Obligation, notify Beko that it does not intend to provide any further funding for the Property (the “Cease Funding Notice“). Upon delivery of the Cease Funding Notice to Beko, Appia shall have earned the applicable interest in the Company (the “Earned Interest“) and shall transfer to Antonio that number of quotas of the Company equal to 70% minus the Earned Interest. Thereafter, Appia shall hold the Earned Interest in the Company and Antonio shall hold 100% minus the Earned Interest in the Company. Upon delivery of the Cease Funding Notice and the adjustment in the interests of Appia and Antonio in the Company, the parties shall use their commercially reasonable efforts to determine how to proceed with their respective interests in the Company.
Background on the PCH Project
The Cachoeirinha Project (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 and Niobium within lateritic ionic adsorption clays.
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)
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.
Appia has 130.5 million common shares outstanding, 143.5 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, (fax) 416-218-9772 or (email) tdrivas@appiareu.com
Stephen Burega, President: (cell) 647-515-3734 or (email) sburega@appiareu.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/169378
Maya Diab, the hugely popular Lebanese singer and TV presenter, who is also a media and fashion trailblazer in the wider Arab world, has signed a recording deal with Warner Music Middle East. Maya is set to release her much anticipated EP #MyMayaV later in 2023.
Maya Diab says: I am very excited for my new partnership with Warner Music Middle East. I hope that our joint venture will carry Arabic music to wider audiences all around the world, and I am very hopeful that together we can push the boundaries of Arabic music.
Alfonso Perez-Soto, President, Emerging Markets, Warner Recorded Music, finishes: Maya is an exceptional artist she has an amazing voice and a powerful stage performance. I cant wait for everyone to be able to hear her new EP later this year and for the impact our partnership will bring to her music style and reach. Music has no geographical limits and the potential across the Middle East and North Africa is vast, so Im confident Mayas partnership with Warner Music Middle East will see her music break into new territories and find new audiences.
Ahmed Nureni, General Manager, Warner Music Middle East, adds: We cant wait to work with Maya, she has a huge influence and real global potential and appeal. With our team of regional experts across MENA we have ambitions for Maya to top the charts across the region and make a tangible impact across other markets.
Maya is extremely entrepreneurial; outside of her music artist career she is a music producer and a reputable TV personality across the Arab world. She is also heavily involved with fashion brands and has amassed an impressive 25 million followers across her social media platforms.
Maya rose to fame in 1996. Over the next decade, she went on to present programmes across the leading Arabic channels such as MBC, Orbit, LBC and MTV.
In 2010, Maya started concentrating on her presenting career and solo music projects. She hosted her own show on MTV for seven seasons (Heik Menghani / This Is How We Sing).
Maya released Sawa in 2011, which was shortly followed up with Habibi; both songs were smash hits, topping the Arabic charts. She also collaborated and featured on tracks with international superstars Jason Derulo in 2014 and French Montana and Massari in 2018.
In 2015, Maya independently released her debut album #MyMaya, which featured nine songs in both Egyptian and Lebanese. Following the albums release, she went on to have more than 15 hit singles across the Arabic world. In 2020, she participated in Anghamis virtual concert Sound of Beirut, alongside well-known Arabic and international singers.
