Northwire Canada EditionSunday, August 9, 2026
Northwire
WHN 0.375 −2.6% LME 0.140 +3.7% AAUC 30.49 +5.3% GGM 0.040 +14.3% FDY 6.18 +3.2% MOG 0.640 +3.2% NEXM 3.20 +1.3% NCAU 0.330 +3.1% LUC 0.160 +0.0% BTR 0.140 +0.0% SMRV 0.200 −16.7% BIG 0.880 +3.5% URC 3.89 +0.0% ATY 0.250 −2.0% NRM 0.075 +7.1% WMS 0.040 +0.0% WHN 0.375 −2.6% LME 0.140 +3.7% AAUC 30.49 +5.3% GGM 0.040 +14.3% FDY 6.18 +3.2% MOG 0.640 +3.2% NEXM 3.20 +1.3% NCAU 0.330 +3.1% LUC 0.160 +0.0% BTR 0.140 +0.0% SMRV 0.200 −16.7% BIG 0.880 +3.5% URC 3.89 +0.0% ATY 0.250 −2.0% NRM 0.075 +7.1% WMS 0.040 +0.0%
Drill Results

Apex Critical Metals confirms magnetic anomaly at Cap

APXC · Price

Executive Summary

  • Apex Critical Metals Corp. has released results from a high-resolution helicopter-borne magnetic and radiometric survey at its 100%-owned Cap critical minerals project in British Columbia.
  • The survey identified a significant magnetic anomaly measuring approximately 2.2 km by 1.8 km, which correlates with a previously identified 1.8-kilometre niobium-in-soil trend and 2025 drilling results.
  • The company anticipates receiving assay results for 2,251 metres of core from recent drilling shortly, which will further guide the evaluation of future drill targets for 2026.

Key Details

  • Survey Specifications:
    • Completed by Precision GeoSurveys Inc. on September 15 and 16, 2025.
    • Total coverage: 781 line kilometres flown at 40-metre line spacing.
    • Data collected: Helicopter-borne magnetic and radiometric survey.
  • Geophysical Findings:
    • Identified a strong magnetic high measuring approximately 2.2 kilometres by 1.8 kilometres.
    • Identified a smaller magnetic offshoot extending northwest.
    • The offshoot roughly correlates with the 1.8-kilometre niobium-in-soil trend identified in 2024 and confirmed in 2025 drilling.
    • The offshoot is interpreted to connect to the main magnetic body, suggesting a more extensive carbonatite system than previously recognized.
  • Drilling and Assay Context:
    • All drill holes completed in 2025 intersected carbonatite and/or associated alteration.
    • Drill hole CAP25-006 returned 0.59 per cent Nb2O5 (niobium pentoxide) over 36.0 metres.
    • Assays remain pending for 2,251 metres of core from recent drilling; results are expected shortly.
  • Geological Interpretation:
    • Magnetic anomalies in carbonatite systems are commonly caused by high magnetite content and associated iron-rich minerals (e.g., pyrrhotite), which act as geophysical markers for niobium- and rare-earth-element-bearing carbonatites.
    • Historical drilling by a previous operator in 2017 tested the magnetic feature but is interpreted to have not drilled deep enough to intersect the primary source of the anomaly.
    • The strong, coherent magnetic feature supports the current geological interpretation of carbonatite-hosted mineralization.
  • Qualified Person:
    • Technical content reviewed and approved by Nathan Schmidt, PGeo (EGBC licence No. 48336), geologist for Dahrouge Geological Consulting Ltd.

Notable Quotes

  • "The new airborne survey has provided valuable insight into the scale and geometry of the magnetic anomaly, giving us a stronger foundation to evaluate future drill targets and plan the next phase of exploration in 2026. We anticipate receiving assays from the remaining drill holes shortly, which will further guide our understanding of the mineralized system." — Sean Charland, Chief Executive Officer
Read the original news release →

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