Apex Completes 2025 Re-Logging and Re-Sampling Program of Preserved Historical Drill Core at The Rift Rare Earth Project, Elk Creek, Nebraska
Executive Summary
- Apex Critical Metals completed its 2025 re‑logging and re‑sampling of historic Molycorp drill core from the Rift Rare Earth Project, establishing a modern analytical baseline for future drilling.
- The company entered a three‑month extension of its investor‑relations agreement with Rumble Strip Media, paying CAD 1 million (CAD 250 k upfront) for social‑media and marketing services.
- Apex granted 75,000 incentive stock options at $2.50 per share and 25,000 restricted share units to a consultant under its Equity Incentive Plan.
Key Details
- Re‑logging Program:
- Re‑logged prioritized historic drillholes within Apex’s Rift land position.
- Conducted modern geological descriptions, photography, and sample selection for multi‑element analysis.
-
Samples sent to Actlabs for Fusion ICP‑MS, ICP‑OES, and XRF analyses; data review and modelling underway with results expected in Q1 2026.
-
Purpose & Outlook:
- Provides the first modern analytical foundation for assessing scale and grade potential of the Rift carbonatite system (REE and niobium).
- Will support accelerated geological modeling, refined drill targeting, and preparation for a phased 2026 drilling program.
-
Further update to be issued after data interpretation is completed.
-
Investor Relations Agreement (Rumble Strip Media):
- Extension effective Dec 5 2025 – Mar 5 2026 (3‑month term).
- Total consideration CAD 1,000,000; CAD 250,000 payable upfront.
-
Services: social‑media, marketing, and consulting to enhance investor awareness.
-
Stock Options & RSUs Grant:
- 75,000 incentive stock options granted at $2.50 per share, exercisable for four years (expires Dec 5 2027).
- 25,000 restricted share units also granted.
-
Both options and RSUs vest six months from grant date; underlying shares subject to a hold period of four months + one day.
-
Qualified Person:
- Technical content reviewed by Nathan Schmidt, P.Geo., Geologist (Dahrouge Geological Consulting Ltd.), qualified under NI 43‑101.
Notable Quotes
“Completing this program is an important milestone for Apex… provides the first modern analytical foundation for understanding the scale and grade potential at Rift.” – Sean Charland, CEO, Apex Critical Metals Corp.