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Apex Critical Metals Corp
Symbol APXC
Shares Issued 46,859,399
Close 2025-02-05 C$ 0.76
Market Cap C$ 35,613,143
Recent Sedar Documents

Apex Critical to acquire Lac Le Moyne project

2025-02-05 17:23 ET - News Release

Mr. Sean Charland reports

APEX CRITICAL METALS ACQUIRES UNDEREXPLORED LAC LE MOYNE CARBONATITE PROPERTY, NORTHEAST QUEBEC

Apex Critical Metals Corp. will acquire the Lac Le Moyne carbonatite project as part of its strategic goal to investigate potential high-value opportunities to meet the growing demand of strategic metals across a variety of critical domestic industries.

Located in northeastern Quebec near the community of Kuujjuaq, the project consists of 86 map-staked claims totalling approximately 4,025 hectares (9,946 acres), situated several kilometres to the northwest of Commerce Resources Corp.'s Eldor carbonatite complex.

Carbonatites are extremely rare rock types, with fewer than 600 known worldwide. They are host to rare earth element minerals, niobium, tantalum and phosphate, as well as copper and gold. Carbonatites are host to the world's largest and most productive niobium deposits. The Lac Le Moyne project was acquired for its potential to host carbonatite-related mineralization.

Highlights include:

  • Government mapping identified several exposures of carbonatite.
  • Regional radiometric surveys show coincident anomalism with carbonatite exposures.
  • Situated within 10 km to the northwest of the Eldor carbonatite, it is host to significant Nb-REE mineralization.
  • The property is located approximately 110 km due south of the community of Kuujjuaq, Que.

The Lac Le Moyne project has little documented historical exploration and no known exploration specifically for carbonatite-related mineralization. Multiple carbonatite outcrops were previously identified by government geologists conducting regional mapping programs throughout the Labrador Trough.

"Carbonatites are among the most productive sources of niobium, rare earths and phosphate worldwide," noted Sean Charland, chief executive officer of Apex Critical. "By adding Lac Le Moyne 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."

The Lac Le Moyne carbonatite outcrops, which are inclusive to the property, were originally mapped during the late 1970s. Carbonatite is a relatively rare rock type; however, it is also the primary host to rare earth element and niobium production globally. Just to the south of the project is the Ashram rare earth and fluorspar deposit, held by Commerce Resources on its Eldor property, with a mineral resource of 73.2 million tonnes at 1.89 per cent rare earth oxide and 6.6 per cent CaF2 indicated, and 131.1 Mt at 1.91 per cent REO and 4.0 per cent CaF2 inferred (Commerce, 2024). Additionally, recent exploration at Commerce's Mallard prospect, located proximal to the Ashram deposit, returned a drill intercept of 122.5 metres of 0.62 per cent Nb2O5 (Commerce, 2024).

The company cautions that past results or discoveries on adjacent properties (that is, Eldor) may not necessarily be indicative to the presence of mineralization on the company's properties (that is, Lac Le Moyne).

Terms of the acquisition

Pursuant to a sale agreement dated Jan. 24, 2025, among the company and the vendors, the company has agreed to acquire a 100-per-cent interest in the claims for total consideration payable over a three-year period of $100,000 in cash and the issuance to the vendors of a total of 200,000 shares. In the event a material drill intersection of niobium mineralization is identified on the project, an additional 500,000 bonus shares are payable. 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.

Qualified person

The information in this news release that relates to exploration results for the Lac Le Moyne property is based on, and fairly represents, information reviewed by Darren L. Smith, MSc, PGeo, director of the company, who is a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects), and member in good standing with the Ordre des Geologues du Quebec (geologist permit No. 01968), and with the Association of Professional Engineers and Geoscientists of Alberta (member No. 87868). Mr. Smith has reviewed and approved the technical information in this news release.

Mr. Smith is a director of Apex Critical and holds common shares and options in the company.

About Apex Critical Metals Corp.

Apex Critical is a Canadian exploration company specializing in the acquisition and development of properties prospective for carbonatites and alkaline rocks with potential to host economic concentrations of rare earth elements, niobium, gold and copper mineralization. Apex'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 rare earth element minerals, niobium, tantalum and phosphate, as well as 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 China. 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 and/or WKN: A40CCQ.

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