Appia Rare Earths & Uranium Corp.: Stephen Burega Steps Down as President
Toronto, Ontario – March 12, 2025 – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the “Company” or “Appia”), a leading Canadian resource company, announces that Stephen Burega has decided to leave the Company to focus on his role as CEO and President of Romios Gold Resources Inc. and other endeavors. This transition will be effective immediately.
Background on Stephen Burega
Stephen Burega has been an integral part of Appia since its inception, serving as its President since 2019. He played a crucial role in shaping the Company’s strategy and spearheading its rare earth elements and uranium exploration projects. Burega’s expertise and experience in the resource sector will be missed, but the Company wishes him all the best in his future endeavors.
Impact on Appia
The departure of Stephen Burega as President of Appia may bring about some changes within the organization. The Company has not yet announced a replacement for the position, but it is expected that an internal or external candidate will be appointed in due course. The Board of Directors and the management team will ensure a smooth transition to maintain the Company’s focus on its strategic objectives.
Impact on Shareholders
The departure of a key executive like Stephen Burega might cause some uncertainty among shareholders, potentially leading to short-term volatility in the stock price. However, it is essential to remember that Appia’s exploration projects and growth prospects remain unchanged. The Company’s strong management team and Board of Directors are committed to executing its strategic plans and creating value for shareholders.
Impact on the Rare Earths and Uranium Industry
Appia’s rare earth elements and uranium projects are significant contributors to the Canadian resource sector and the global supply chain. The Company’s Alces Lake Rare Earth Elements Project in Saskatchewan and the Northshore Uranium Project in Labrador are two of the most promising exploration projects in their respective fields. The departure of Stephen Burega may cause a ripple effect in the industry, but the long-term outlook for rare earths and uranium remains positive due to growing demand and supply imbalances.
Conclusion
Appia Rare Earths & Uranium Corp. announces that Stephen Burega will be leaving the Company to focus on his role as CEO and President of Romios Gold Resources Inc. and other endeavors. This transition will be effective immediately. Stephen played a crucial role in shaping Appia’s strategy and spearheading its rare earth elements and uranium exploration projects. Although his departure may cause some uncertainty among shareholders, the Company’s strong management team and Board of Directors remain committed to executing its strategic plans and creating value for shareholders. The long-term outlook for rare earths and uranium remains positive, and Appia’s projects continue to be significant contributors to the Canadian resource sector and the global supply chain.
- Stephen Burega leaves Appia to focus on other endeavors
- He served as President since 2019
- Appia wishes him all the best
- Impact on shareholders: potential short-term volatility
- Impact on the industry: positive long-term outlook for rare earths and uranium
