Apex Files Permit Applications to Advance Exploration at Rift REE Project, Nebraska

Executive Summary

• Apex Critical Metals has initiated the permitting process with Nebraska’s Department of Environment and Energy to explore its Rift Project in the Elk Creek Carbonatite Complex.
• The company closed a non‑brokered flow‑through private placement, raising C$1.6 million from the sale of 800,000 FT Units at C$2.00 each.
• Apex granted 50,000 incentive stock options and 50,000 restricted share units to a consultant, with vesting tied to a future EuroNext listing.

Key Details

• Permitting Milestone: Submitted initial permit applications to the Nebraska Department of Environment and Energy (NDEE) for exploration at the Rift Project (≈3,024 acres).
• Historical Intercepts Cited:
• Hole EC‑93 – 155.5 m @ 2.70 % TREO (including 54.9 m @ 3.30 % TREO)
• Hole NEC11‑004 – 236.2 m @ 2.10 % TREO (including 68.2 m @ 3.32 % TREO)
• Financing – Flow‑Through Private Placement:
• Gross proceeds: C$1,600,000
• Units sold: 800,000 FT Units at C$2.00 per unit
• Each FT Unit = 1 flow‑through common share + 1 warrant (exercise price C$2.50) exercisable for two years
• Use of proceeds: Eligible Canadian exploration expenses on the CAP Property (BC), to be renounced by Dec 31 2026.
• Statutory hold period: Four months and one day from issuance.
• Stock Option & RSU Grant:
• 50,000 incentive stock options at $3.82 per share, exercisable for two years, expiring Oct 22 2027.
• 50,000 restricted share units (RSUs) granted concurrently.
• Vesting condition: Successful listing on EuroNext.
• Hold period: Four months and one day from issuance.
• Qualified Person: Nathan Schmidt, P.Geo., Senior Geologist, Dahrouge Geological Consulting Ltd., reviewed technical content per NI 43‑101.

Notable Quotes

“Apex is pleased to take this next step in advancing the Rift Project,” said Sean Charland, CEO. “The commencement of permitting marks an important milestone as we continue to build the foundation for future exploration.”