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Apex Critical Metals Corp
Symbol APXC
Shares Issued 46,859,399
Close 2025-02-14 C$ 0.95
Market Cap C$ 44,516,429
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Apex Critical arranges $1.5-million private placement

2025-02-14 19:54 ET - News Release

Mr. Sean Charland reports

APEX CRITICAL ANNOUNCES PRIVATE PLACEMENT OF FLOW THROUGH SHARES

Apex Critical Metals Corp. has arranged a non-brokered private placement offering of up to 1,530,612 flow-through common shares at a price of 98 cents per FT share for aggregate gross proceeds of up to $1.5-million.

The FT shares will qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and Section 359.1 of the Taxation Act (Quebec). An amount equal to the gross proceeds from the issuance of the FT shares will be used to incur eligible resource exploration expenses, which will qualify as Canadian exploration expenses (as defined in the Income Tax Act (Canada)). In addition, with respect to eligible subscribers residing in the province of Quebec, they would also be eligible for: (i) an additional deduction for CEE that qualifies as exploration base relating to certain Quebec exploration expenses incurred in Quebec, within the meaning of Section 726.4.10 of the Taxation Act (Quebec); and (ii) an additional deduction for certain surface mining CEE incurred in Quebec that qualifies as exploration base relating to certain Quebec surface mining exploration expenses within the meaning of Section 726.4.17.2 of the Taxation Act (Quebec).

The FT shares will be subject to a hold period of four months and one day from the date of issuance. Closing of the offering will be subject to satisfaction of certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including approval by the Canadian Securities Exchange.

About Apex Critical Metals Corp.

Apex Critical is a Canadian exploration company specializing in the acquisition and development of high-potential rare earth elements and niobium properties. Apex Critical is publicly listed on the CSE, and its common shares currently trade under the symbol APXC.

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