Northwire Canada EditionFriday, July 10, 2026
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Financings Routine +

Apex Announces Closing of Brokered LIFE Offering for Gross Proceeds of $15,000,500

Apex Critical Metals Secures $15M Lifeline for Nebraska REE Drilling as Stock Consolidates Near Multi-Month Lows

Executive Summary
  • Apex Critical Metals Corp. announced the closing of a brokered Listed Issuer Financing Exemption (LIFE) offering, raising $15,000,500 in gross proceeds.
  • The company issued 7,895,000 units at $1.90 per unit, with each unit comprising one common share and one warrant exercisable at $2.60 for a 24-month period.
  • Proceeds are allocated to exploration of the Rift, CAP, and Lac Le Moyne projects, plus general working capital.
  • Insider participation was noted, and broker compensation included a 6% cash fee plus non-transferable broker warrants.
  • The offering follows an upsizing announcement on May 19, 2026, which increased the target from an initial $10M to $15M.
Material Impact
  • The financing is a routine, expected follow-up to the May 18/19 announcements. It provides necessary working capital to continue the Phase I drilling program at the Rift project and explore other assets.
  • While dilutive, the $1.90 unit price is below the recent trading range ($1.64-$2.20 in May/June), indicating a discount to market to attract capital.
  • The capital raise does not alter the geological thesis or project timeline materially; it simply extends the runway for exploration. No strategic partnerships or major resource updates accompanied the closing.
APXC · Price
Company Overview
  • Apex Critical Metals Corp. is a critical minerals exploration company focused on rare earth elements (REEs) and niobium.
  • Flagship Project: Rift Rare Earth Project in Nebraska, USA. The project sits within the Elk Creek Carbonatite Complex, adjacent to NioCorp Developments.
  • Historical drilling by Molycorp and Quantum Rare Earth showed high-grade REE intercepts (e.g., 155.5m @ 2.70% TREO).
  • The company is currently executing a Phase I drilling program to verify and expand these historic zones, with a focus on the Trinity and Neo zones.
  • Additional projects include the Cap Critical Minerals Project in British Columbia (niobium discovery) and the Lac Le Moyne project in Quebec (new carbonatite discovery).
Read the original news release →

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