Apex Critical Metals Acquires Underexplored 9,200-acre Bianco Carbonatite Project, Northern Ontario
Apex Critical Metals Corp. has announced the acquisition of the Bianco Carbonatite Project in northwestern Ontario, covering 3,735 hectares. The project is located between the Schryburt Lake and Big Beaver House Carbonatite projects, known for significant niobium mineralization. The property was identified by the Ontario Geological Survey in the 1970s but remains largely unexplored. Apex acquired 100% interest for CDN$30,000 cash and granted a 2.0% net smelter returns royalty to the vendor. The project's strategic location and geological characteristics suggest potential for rare earth elements and niobium deposits, important for clean energy and advanced technologies.
Apex Critical Metals Corp. ha annunciato l'acquisizione del Bianco Carbonatite Project nel nord-ovest dell'Ontario, che copre 3.735 ettari. Il progetto si trova tra i progetti Carbonatite Schryburt Lake e Big Beaver House, noti per significative mineralizzazioni di niobio. La proprietà è stata identificata dal Servizio Geologico dell'Ontario negli anni '70, ma rimane in gran parte inesplorata. Apex ha acquisito un interesse del 100% per 30.000 dollari canadesi in contante e ha concesso una royalty del 2,0% sui ricavi netti di fusione al venditore. La posizione strategica del progetto e le sue caratteristiche geologiche suggeriscono un potenziale per elementi delle terre rare e depositi di niobio, importanti per l'energia pulita e le tecnologie avanzate.
Apex Critical Metals Corp. ha anunciado la adquisición del Bianco Carbonatite Project en el noroeste de Ontario, que cubre 3,735 hectáreas. El proyecto está ubicado entre los proyectos Carbonatite de Schryburt Lake y Big Beaver House, conocidos por su significativa mineralización de niobio. La propiedad fue identificada por el Servicio Geológico de Ontario en la década de 1970, pero sigue siendo en gran parte inexplorada. Apex adquirió el 100% de los intereses por 30,000 dólares canadienses en efectivo y otorgó una regalía del 2.0% sobre los ingresos netos de fusión al vendedor. La ubicación estratégica del proyecto y sus características geológicas sugieren un potencial para elementos de tierras raras y depósitos de niobio, importantes para la energía limpia y las tecnologías avanzadas.
Apex Critical Metals Corp.는 온타리오 북서부에 위치한 Bianco Carbonatite Project의 인수를 발표했습니다. 이 프로젝트는 3,735 헥타르를 차지하며, Schryburt Lake와 Big Beaver House Carbonatite 프로젝트 사이에 위치해 있습니다. 이 분야는 상당한 니오븀 광물화로 유명합니다. 이 재산은 1970년대 온타리오 지질 조사에 의해 확인되었지만, 대부분 미탐사 상태입니다. Apex는 현금으로 CDN$30,000의 100% 지분을 인수했으며, 공급자에게 2.0%의 순광산 수익 로열티를 부여했습니다. 이 프로젝트의 전략적 위치와 지질적 특성은 청정 에너지와 고급 기술에 중요한 희토류 원소와 니오븀 매장량의 잠재력을 시사합니다.
Apex Critical Metals Corp. a annoncé l'acquisition du Bianco Carbonatite Project dans le nord-ouest de l'Ontario, couvrant 3 735 hectares. Le projet est situé entre les projets Carbonatite de Schryburt Lake et Big Beaver House, connus pour leur minéralisation significative en niobium. La propriété a été identifiée par le Service géologique de l'Ontario dans les années 1970, mais reste largement inexplorée. Apex a acquis 100 % des intérêts pour 30 000 dollars canadiens en espèces et a accordé une redevance de 2,0 % sur les revenus nets de fusion au vendeur. L'emplacement stratégique du projet et ses caractéristiques géologiques suggèrent un potentiel pour les éléments de terres rares et les dépôts de niobium, importants pour l'énergie propre et les technologies avancées.
Apex Critical Metals Corp. hat den Erwerb des Bianco Carbonatite Project im nordwestlichen Ontario angekündigt, das eine Fläche von 3.735 Hektar umfasst. Das Projekt liegt zwischen den Carbonatit-Projekten Schryburt Lake und Big Beaver House, die für ihre signifikante Niobiummineralisierung bekannt sind. Das Grundstück wurde in den 1970er Jahren vom Ontario Geological Survey identifiziert, bleibt jedoch weitgehend unerforscht. Apex erwarb 100% Anteil für 30.000 kanadische Dollar in bar und gewährte dem Verkäufer eine Royalty von 2,0% auf die Nettoschmelzrenditen. Die strategische Lage des Projekts und seine geologischen Merkmale deuten auf ein Potenzial für Seltenen Erden und Niobvorkommen hin, die für saubere Energie und fortschrittliche Technologien wichtig sind.
- Strategic acquisition of 3,735-hectare property with potential rare earth elements and niobium deposits
- Located between two known niobium-rich projects with historical assays up to 2.92% Nb₂O₅
- Relatively low acquisition cost of CDN$30,000
- Property is completely unexplored with no proven mineral resources
- Winter road access is 18km away from the project
- Transaction is a Related Party Transaction with potential conflicts of interest
3,735-hectare property covers large carbonatite complex within an area known for significant niobium mineralization
VANCOUVER, BC / ACCESSWIRE / November 27, 2024 / Apex Critical Metals Corp.(CSE:APXC)(OTCQB:APXCF)(FWB:KL9) ("Apex" or the "Company"), an exploration company focused on acquiring, exploring and developing properties potentially rich in carbonatite rocks hosting economic concentrations of rare earth elements (REEs) including niobium, is pleased to announce the acquisition of the Bianco Carbonatite Project ("Bianco" or the "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 1970's.
Located approximately midway between the Schryburt Lake and Big Beaver House Carbonatite projects, both with known niobium (Nb) and rare earth (REE) mineralization.
Winter road passes within approximately 18km of the Project.
The Bianco Carbonatite Project is situated approximately 12½ km southwest of the Kingfisher Lake First Nation and 156 km north of Pickle Lake, Ontario. 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 (Figure 1).
"Carbonatites are among the most productive sources of niobium, rare earths, and phosphate worldwide," said Sean Charland, CEO of Apex Critical Metals. "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."
Figure 1. Residual magnetic field geophysical data showcasing distinct magnetic signature on the Bianco property and on surrounding carbonatites -- Apex Critical Metals
Originally identified and mapped during an Ontario Geological Survey (OGS) in the 1970's, 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
Figure 2. Geology map detailing carbonatite complexes mapped by the OGS in the 1970s, as well as surrounding rock types -- Apex Critical Metals
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 November 26, 2024, among the Company and the Vendor (the "Vendor"), the Company has agreed to acquire a
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 ("MI61-101") 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 MI61-101, as the fair market value of the acquisition is not more than
Qualified Person
The technical content of this news release has been reviewed and approved by Nathan Schmidt, P. Geo., Senior Geologist for Dahrouge Geological Consulting Ltd., and a Qualified Person under NI 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 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. (CSE:APXC)(OTCQB:APXCF)(FWB:KL9)
Apex Critical Metals Corp.'s primary focus is the exploration of carbonatites and alkaline rocks, with potential to host economic concentrations of rare earth elements (REEs) and/or niobium. Apex's CAP Property located 85 kilometers northeast of Prince George, British Columbia, spans 25 square kilometers and hosts a recently identified promising 1.8-kilometer 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 less than 600 known worldwide. They are host to REE minerals, niobium, tantalum, phosphate as well as uranium, copper, and gold. Carbonatites are host to the world's largest and most productive niobium deposits, including Araxá and Catalão in Brazil and Niobec in Quebec. In addition, they are the primary source of REE's, including Mountain Pass in California, Mount Weld in Australia, Bayan Obo in Inner Mongolia. They are also important sources of phosphate (apatite), including Cargill, Ontario. While 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 intends to investigate potential high value opportunities to meet the growing global demand of specialty metals across various industries. Apex Critical Metals is publicly listed in Canada on the CSE, under the symbol "APXC," in the USA on the OTCQB market under the symbol "APXCF," and in Germany on the Börse Frankfurt under the symbol "KL9" or WKN:A40CCQ. You are invited to find out more at www.apexcriticalmetals.com where you can subscribe for News Alerts, watch our Video, or follow us on Facebook, X.com or LinkedIn.
On Behalf of the Board of Directors
APEX CRITICAL METALS CORP.,
Sean Charland
Chief Executive Officer
Tel: 604.681.1568
Email: info@apexcriticalmetals.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release may contain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include statements that carbonatites and alkaline rocks have the potential to host economic concentrations of rare earth elements and/ or niobium and that the Company intends to investigate potential high value opportunities to meet the growing global demand for specialty metals. Forward-looking statements are subject to various known and unknown risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company, including, but not limited to, that any future exploration activity on the property may not result in concentrations of rare earth elements, or any; and economic, geopolitical and other conditions and developments which may adversely affect demand for specialty metals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Apex Critical Metals Corp.
View the original press release on accesswire.com
FAQ
What is the size of Apex Critical Metals' (APXCF) newly acquired Bianco Carbonatite Project?
How much did Apex Critical Metals (APXCF) pay for the Bianco Carbonatite Project?
Where is the Bianco Carbonatite Project located relative to other known deposits?
Has there been any historical exploration at APXCF's Bianco Carbonatite Project?
