13:19:20 EDT Fri 09 May 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Apex Critical Metals Corp
Symbol APXC
Shares Issued 42,659,391
Close 2024-11-27 C$ 0.91
Market Cap C$ 38,820,046
Recent Sedar Documents

Apex Critical acquires Bianco for $30,000

2024-11-27 17:17 ET - News Release

Mr. Sean Charland reports

APEX CRITICAL METALS ACQUIRES UNDEREXPLORED 9,200-ACRE BIANCO CARBONATITE PROJECT, NORTHERN ONTARIO

Apex Critical Metals Corp. has acquired the Bianco carbonatite project, located in Northwestern Ontario near the community of Big Beaver House. The project covers a large carbonatite complex, which has seen little to no historical exploration.

Highlights include:

  • The complex was identified and mapped by the Ontario Geological Survey in the 1970s.
  • Located approximately midway between the Schryburt Lake and Big Beaver House carbonatite projects, both have known niobium and rare earth element mineralization.
  • A winter road passes within approximately 18 kilometres of the project.

The Bianco carbonatite project is situated approximately 12-1/2 km southwest of the Kingfisher Lake First Nation and 156 km north of Pickle Lake, Ont. It comprises 85 single-cell mining claims, encompassing approximately 3,735 hectares (9,229.3 acres), and is characterized by a geophysical magnetic anomaly consistent with carbonatite complexes observed in the region.

"Carbonatites are among the most productive sources of niobium, rare earths and phosphate worldwide," said Sean Charland, chief executive officer of Apex Critical. "By adding Bianco to our portfolio, we're expanding our focus on these valuable systems, which are critical for industries ranging from clean energy to advanced critical technologies."

Originally identified and mapped during an Ontario geological survey in the 1970s, Bianco lies within an area known for significant Nb mineralization. The project is strategically located between the Big Beaver House and Schryburt Lake carbonatite projects. Historical results from these nearby projects include assays of 2.92 per cent Nb2O5 over 1.6 metres and 1.05 per cent Nb2O5 over two metres at the Big Beaver House property, as well as sampling results of 1.82 per cent Nb2O5 from a grab sample and 0.40 per cent Nb2O5 over 2.43 metres at the Schryburt Lake carbonatite property.

Notably, no prior exploration activities have been conducted at Bianco, highlighting its potential as a promising target for future mineral discovery.

Mineralization at nearby or adjacent projects is not necessarily indicative of mineralization hosted on the company's projects.

Terms of the acquisition

Pursuant to a sale agreement dated Nov. 26, 2024, among the company and the vendor, the company has agreed to acquire a 100-per-cent interest in the claims for consideration of $30,000 in cash, to be paid on signing of the agreement. In addition, the company will grant to the vendor a 2.0-per-cent net smelter return royalty interest in the future minerals produced from the claims upon achieving commercial production.

The acquisition of the project is a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) as Jody Dahrouge, a director of the company, is also a director and officer of the vendor. The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 based on the exemptions set out in subsections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the acquisition is not more than 25 per cent of the market capitalization of the company.

Qualified person

The technical content of this news release has been reviewed and approved by Nathan Schmidt, PGeo, senior geologist for Dahrouge Geological Consulting Ltd., a qualified person under National Instrument 43-101 on standards of disclosure for mineral projects, who has prepared and reviewed the content of this press release.

The results discussed in this document are historical. An Apex Critical qualified person has not performed sufficient work or data verification to validate these results in accordance with National Instrument 43-101.

About Apex Critical Metals Corp.

Apex Critical's primary focus is the exploration of carbonatites and alkaline rocks, with potential to host economic concentrations of rare earth elements and/or niobium. Apex Critical's Cap property located 85 kilometres northeast of Prince George, B.C., spans 25 square kilometres and hosts a recently identified promising 1.8-kilometre niobium trend. The company's Bianco carbonatite project encompasses 3,735 hectares covering a large carbonatite complex within an area known for significant niobium mineralization in Northwestern Ontario.

Carbonatites are extremely rare rock types, with fewer than 600 known worldwide. They are host to REE minerals, niobium, tantalum and phosphate, as well as uranium, copper and gold. Carbonatites are host to the world's largest and most productive niobium deposits, including Araxa and Catalao in Brazil and Niobec in Quebec. In addition, they are the primary source of REEs, including Mountain Pass in California, Mount Weld in Australia and Bayan Obo in Inner Mongolia. They are also important sources of phosphate (apatite), including Cargill, Ont., while the Palabora mine in South Africa has produced copper, nickel, gold, magnetite and vermiculite. Other carbonatites are known to have produced gold, iron, zirconium, fluorite and other industrial minerals.

By acquiring a multitude of carbonatite projects, Apex Critical intends to investigate potential high-value opportunities to meet the growing global demand of specialty metals across various industries. Apex Critical is publicly listed in Canada on the Canadian Securities Exchange under the symbol APXC, in the United States on the OTCQB market under the symbol APXCF, and in Germany on the Borse Frankfurt under the symbol KL9 or WKN:A40CCQ.

We seek Safe Harbor.

© 2025 Canjex Publishing Ltd. All rights reserved.