Apex Critical Metals Nears Key Drilling Milestone at Nebraska Project

Apex Critical Metals CA03753D1042

Exploration activities are accelerating for Apex Critical Metals as the company prepares to commence a significant drilling campaign at its flagship Rift Project in Nebraska. The Canadian firm has formally engaged global drilling contractor Boart Longyear to execute the program, targeting a known area with a history of high-grade rare earth element (REE) discoveries. Operations are slated to begin before the end of January.

The project is situated within the Elk Creek Carbonatite Complex, covering approximately 3,500 acres. Its potential is underscored by extensive historical drilling conducted by previous operators, including Molycorp and Quantum Rare Earth Developments, between 1973 and 2011. Notable intercepts from past work highlight the asset's promise, featuring broad zones of mineralization such as 155.5 meters grading 2.70% total rare earth oxides (REO), including a higher-grade section of 54.9 meters at 3.30% REO. Another intercept returned 236.2 meters at 2.10% REO, with 68.2 meters at 3.32% REO. Apex's immediate objective is to verify and potentially expand upon these known mineralized zones.

Program Scope and Operational Readiness

The planned campaign involves drilling 8,000 meters across 10 to 15 holes. Boart Longyear brings relevant local experience to the task, having recently completed work at the adjacent Elk Creek Project operated by NioCorp Development using similar LF160 diamond drill rigs. All necessary permits are in hand, and the company's focus is now on the final mobilization of personnel and equipment. The entire exploration program will be supervised by Dahrouge Geological Consulting.

Management Commentary and Strategic Advantages

"We are moving forward rapidly," stated Sean Charland, CEO of Apex Critical Metals. He emphasized that the partnerships with Dahrouge and Boart Longyear provide crucial local expertise. The project's location directly beside NioCorp's advanced Elk Creek resource offers not only geological validation but also potential future infrastructure benefits.

Market Performance and Financial Position

Investor sentiment has been positive, with the company's shares appreciating by nearly 28% since the start of the year. This rally has taken the stock price well above its 52-week low of 0.33 euros. Apex Critical Metals currently commands a market valuation of approximately $166 million and reports a solid treasury with close to $15 million in liquid funds.

Forward-Looking Timeline for Investors

The market will be watching for updates on equipment mobilization in the near term, followed by confirmation of the spud date late this month. The first assay results from the drilling are anticipated in the first or second quarter of 2026. These results will provide the concrete data needed to assess whether the Rift Project can support an initial mineral resource estimate.