Apex Announces Update on Financing

Executive Summary

• Apex Resources announces it will not proceed with the previously announced non‑brokered financing tranche and instead launch a new flow‑through financing of up to $250,000.
• The FT Financing consists of up to 3,571,429 units priced at $0.07 each, each unit containing one flow‑through common share and half of a non‑transferable warrant.
• Proceeds will be used for Canadian exploration expenses; finder’s fees of up to 7% cash and/or warrants may be paid, subject to TSX Venture Exchange approval and hold periods.

Key Details

• Cancellation of prior financing: No further tranche of the non‑brokered financing announced on July 25 2025 and September 3 2025 will be pursued.
• FT Financing size: Up to $250,000 in gross proceeds.
• Units offered: Up to 3,571,429 FT Units at $0.07 per unit.
• Unit composition: Each FT Unit = 1 flow‑through common share + ½ non‑transferable warrant (NFT Warrant).
• Warrant terms: NFT Warrants exercisable for one additional non‑flow‑through common share at $0.10 per share, valid for two years from closing.
• Use of proceeds: To incur Canadian exploration expenses as defined under the Income Tax Act (Canada).
• Potential upsizing: Company may accept additional funds or increase the financing if oversubscribed, subject to regulatory approval.
• Finder’s fees: Up to 7% cash and up to 7% compensation warrants; each compensation warrant allows purchase of one common share at $0.07 for two years from closing.
• Regulatory conditions: Closing and issuance of finder’s fees require TSX Venture Exchange approval; all securities subject to a four‑month + one‑day hold period.
• Legal disclaimer: Offering not made in the United States; securities not registered under U.S. securities laws.

Notable Quotes

(No direct quotes were provided in the release.)