Apex Critical Metals Commences Field Work on Cap Project in British Columbia

Rhea-AI Summary

Apex Critical Metals Corp. (CSE:APXC)(OTCQB:APXCF) has launched a field exploration program at its Cap Project in British Columbia, Canada. The project, located near Prince George, covers a large carbonatite complex with potential for niobium and rare earth element (REE) mineralization. The ongoing activities include prospecting, geological mapping, and rock and soil sampling to confirm previously identified niobium mineralization.

Historical results from the site include high-grade niobium samples ranging from 0.74% to 3.38% Nb2O5 in surface and boulder samples. A 2017 drill hole returned 0.51% Nb2O5 over 4.01m. The exploration, conducted by Dahrouge Geological Consulting , is expected to last about three weeks and aims to expand upon a pre-existing soil grid that showed niobium anomalies correlating with the eastern margin of a known magnetic and radiometric anomaly.

Positive

• Commencement of field exploration program at the Cap Project
• Historical high-grade niobium samples up to 3.38% Nb2O5
• Previous drill hole result of 0.51% Nb2O5 over 4.01m
• Large carbonatite complex with potential for niobium and REE mineralization

Negative

• outcrop exposure in the project area
• Thick soil profiles and glacial till covering much of the project area

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BC / ACCESSWIRE / July 17, 2024 / Apex Critical Metals Corp. (CSE:APXC)(OTCQB:APXCF) ("Apex" or the "Company"), is pleased to announce it has commenced a field exploration program at its Cap Project (the "Project") located in east-central, British Columbia, near the community of Prince George, BC. The Cap Project covers a large carbonatite complex which is considered highly prospective for both niobium and/or Rare Earth Element (REE) mineralization.

The ongoing activities entail prospecting, geological mapping, rock and soil sampling to confirm previously identified niobium mineralization in both historical surface samples and drilling. The exploration work is expected to outline areas prospective for follow-up drill testing.

Historical results include:

• Large oval aeromagnetic anomaly, interpreted to correlated with a carbonatite igneous unit, that may be associated with a larger alkalic complex;

• One outcrop sample and three boulder samples of carbonatite collected from within the aeromagnetic anomaly returned: 0.77% Nb₂O₅,3.38% Nb₂O₅, 0.96% Nb₂O₅, and 0.74% Nb₂O₅ respectively;

• A single drill hole along the southeast margins of the anomaly from 2017 returned 0.51% Nb₂O₅ over 4.01m (Drill Hole CAP17-004).

Figure 1: Apex Critical Metals Cap Property in British Columbia.

The field exploration will be completed by Dahrouge Geological Consulting Ltd. of Edmonton, Alberta. Exploration activities are anticipated to last approximately three weeks and will expand upon a pre-existing soil grid that demonstrated niobium anomalies which correlated with the eastern margin of the known magnetic and radiometric anomaly. Field crews will continue to prospect near the previously identified carbonatite boulders and outcrops. Previously identified outcrop exposure was limited to drainage systems, with much of the Project area covered by thick soil profiles and/or glacial till.

There are approximately 600 carbonatite complexes known worldwide, with a very high ratio demonstrating significant enrichment in a variety of commodities including: Niobium, Tantalum, Rare Earth Elements, Phosphate, Copper, and Gold. Notable mines developed in carbonatite systems include: Araxa, Catalao I, Niobec, Bayan Obo, Mt Weld, Cargill, and Palabora.

Qualified Person; Historical Estimates

The technical content of this news release has been reviewed and approved by Nate Schmidt, P. Geo., who is an Qualified Person (QP) as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. The QP and the Company has not completed sufficient work to verify the historical information on the CAP Property, particularly regarding historical exploration, neighbouring companies, and government geological work.

About Apex Critical Metals Corp.

Apex Critical Metals Corp.is a Canadian exploration company specializing in the acquisition and development of high potential rare earth elements (REE's) and niobium properties. Apex Critical Metals is publicly listed on the CSE, and its common shares currently trade under the symbol "APXC".

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 with respect to the Offering including, the closing date of the Offering, the potential participation of insiders in the Offering and the anticipated use of proceeds of the Offering. 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, the receipt of regulatory approval for the Offering, if required. 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.

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FAQ

What is the focus of Apex Critical Metals' Cap Project exploration in British Columbia?

Apex Critical Metals' Cap Project exploration in British Columbia is focused on confirming previously identified niobium mineralization and exploring potential rare earth element (REE) mineralization in a large carbonatite complex.

What were the historical niobium sample results from the Cap Project?

Historical niobium sample results from the Cap Project included high-grade samples ranging from 0.74% to 3.38% Nb2O5 in surface and boulder samples, and a 2017 drill hole that returned 0.51% Nb2O5 over 4.01m.

How long is the current field exploration program expected to last for APXCF?

The current field exploration program for Apex Critical Metals Corp. (APXCF) at the Cap Project is expected to last approximately three weeks.

Who is conducting the field exploration for Apex Critical Metals at the Cap Project?

The field exploration for Apex Critical Metals at the Cap Project is being conducted by Dahrouge Geological Consulting of Edmonton, Alberta.