Northwire Canada EditionFriday, July 10, 2026
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Drill Results Routine +

Apex Mobilizes Drill Rig and Commences 2026 Exploration Program at the Cap Critical Minerals Project

Early-stage REE and niobium explorer advancing dual-track drilling in Nebraska and British Columbia.

By The Northwire Desk — AI Analysis Jun 30, 2026 · 03:01 APXC · 1.65 Apex Critical Metals Corp.
Executive Summary
  • Apex Critical Metals Corp. has mobilized an NQ diamond drill rig to its 100%-owned Cap Critical Minerals Project in British Columbia, commencing its 2026 exploration program.
  • The program is planned to consist of approximately four (4) drillholes totaling ~1,200 metres.
  • Primary objectives are twofold: (1) testing a large 2.2 km × 1.8 km buried magnetic anomaly identified via a November 2025 geophysical survey, aiming to determine if it represents a deeper carbonatite system; and (2) extending the known CAP25-006 niobium discovery, which previously returned 124.5 m at 0.27% Nb2O5.
  • The program is fully permitted under an existing Multi-Year Area-Based (MYAB) permit.
  • Management emphasizes that while the primary corporate focus remains advancing the Rift Rare Earth Project towards an inaugural Mineral Resource Estimate (MRE), the Cap project offers compelling additional discovery exposure.
Material Impact
  • The mobilization of a drill rig for a pre-planned, fully permitted 2026 campaign is an operational execution step rather than a new catalyst.
  • No new assay results, resource definitions, or financing events are disclosed in this release.
  • The market has already priced in the 2026 drilling plans following the June 2, 2026 financing announcement and prior 2025 Cap project results.
  • The immediate financial impact is neutral; the activity consumes working capital but does not generate revenue or alter the valuation model materially in the short term.
  • The stock has traded in a compressed range ($1.39–$1.65) since mid-June, indicating the market views this as standard progression rather than a re-rating event.
APXC · Price
Company Overview
  • Apex Critical Metals Corp. is a Canadian exploration company focused on carbonatite-hosted critical minerals, primarily rare earth elements (REEs) and niobium.
  • Flagship assets include the Rift Rare Earth Project in Nebraska (U.S.) and the Cap Critical Minerals Project in British Columbia (Canada), with additional exploration holdings at Lac Le Moyne in Quebec.
  • The company is in the exploration and pre-feasibility stage, aiming to define a maiden resource at Rift and expand the niobium discovery at Cap.
  • Strategic positioning aligns with North American supply chain security initiatives for critical minerals, highlighted by inclusion in the Sprott Rare Earths Ex-China ETF and membership in the U.S. Defense Industrial Base Consortium.
Read the original news release →

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Jun 22, 2026 · 03:01

Drill results confirm geological continuity, but valuation remains tethered to exploration risk and capital dilution.

Drill Results Jun 16, 2026 · 18:29

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Apex Critical Metals Funds Drill Expansion at Rift as MRE Timeline Stalls Into 2027; Dilution Risk Outpaces Exploration Progress

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Financings May 15, 2026 · 10:55

Apex widens its rare earth footprint with a 137-metre, 2% REO intercept, but the real test is converting drill hits into a maiden resource.

Drill Results