Appia appoints Karayannopoulos to advisory committee

Feb 9, 2024

2024-02-09 10:18 ET – News Release


Mr. Tom Drivas reports


Appia Rare Earths & Uranium Corp. has appointed Constantine Karayannopoulos (Kloni Inc.) to its advisory committee, bringing with him 30 plus years of extensive expertise in rare earth elements (REE) and critical minerals. His profound understanding of REE and critical minerals was honed during his illustrious tenure as the president and chief executive officer of Neo Performance Materials Inc. where he retired in 2023. The Appia service agreement is set to commence on Feb. 1, 2024, marking a pivotal moment for Appia as it strengthens its strategic advisory team with the inclusion of an industry luminary.

Appia proudly welcomes Mr. Karayannopoulos to its advisory committee, alongside globally renowned rare earths experts Jack Lifton and Don Hains PGeo.

Mr. Karayannopoulos, BASc, MASc, PEng, is a highly accomplished professional engineer who recently served as the president and CEO of Neo Performance Materials Inc. until July, 2023. Neo, a distinguished REE and critical minerals Canadian public company, benefited from Mr. Karayannopoulos’s 30 years of expertise, including his leadership as chief operating officer (2000 to 2005), CEO (2005 to 2012), chairman of the board (2016 to 2020) and most recently again as CEO from July, 2020, to July, 2023.

With an impressive career spanning over three decades, Mr. Karayannopoulos has emerged as one of the most enduring executives in the rare earth industry. His expertise extends to collaborating with various governments across Europe, North America and Asia, aligning public policy and industrial economics for strategic growth.

Mr. Karayannopoulos’s journey in the rare earth sector began in 1994, working under the guidance of Peter V. Gundy, the founder of Advanced Material Resources Ltd. (AMR) in Toronto. AMR marked a historic milestone as the first foreign company granted access to China’s rare earth industry, establishing two majority-owned operating joint ventures. Mr. Karayannopoulos’s roles at AMR evolved from business development manager to North American sales manager, global sales manager/chairman of the JVs, vice-president/general manager of AMR’s rare earth business unit, COO overseeing both AMR’s rare earths and magnetic material divisions, and eventually to CEO following the acquisition of Magnequench Inc. in 2005 and the renaming of the combined company to Neo Material Technologies. Neo was sold to Molycorp in 2012 for $1.3-billion.

Mr. Karayannopoulos is also the co-founder and was the non-executive chairman of the board of Neo Lithium Corp., a position he held from 2016 until January, 2022, when the company was sold for $960-million.

In addition to his corporate responsibilities, Mr. Karayannopoulos is a member of the advisory board at the University of Toronto’s department of chemical engineering and applied chemistry. He is also a director of the Canada China Business Council and serves on the advisory board of Lithium Royalties Corp., a fund specializing in battery materials royalties and streams.

Mr. Karayannopoulos, leveraging his profound expertise in the sector, will provide invaluable services related to consultation on critical minerals through his consulting company, Kloni, further enhancing Appia’s strategic positioning. The company has granted 300,000 options exercisable at 27.5 cents per share for five years to Kloni.

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-per-cent interest in 13,008 hectares (32,143 acres), with rare earth elements 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-per-cent interest in the PCH project (see June 9, 2023, press release), which is 40,963.18 ha in size and located within the Goias state of Brazil (see Jan. 11, 2024, press release).

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