Latest news with #Apogee
Yahoo
26-05-2025
- Business
- Yahoo
1 Industrials Stock with Exciting Potential and 2 to Turn Down
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the market seems convinced that demand will slow. Due to this bearish outlook, the industry has tumbled by 13% over the past six months. This drawdown was worse than the S&P 500's 3.6% decline. The elite companies can churn out earnings growth under any circumstance, however, and our mission at StockStory is to help you find them. Keeping that in mind, here is one industrials stock poised to generate sustainable market-beating returns and two best left ignored. Market Cap: $834 million Involved in the design of the Apple Store on Fifth Avenue in New York City, Apogee (NASDAQ:APOG) sells architectural products and services such as high-performance glass for commercial buildings. Why Are We Cautious About APOG? Products and services are facing end-market challenges during this cycle, as seen in its flat sales over the last five years Demand will likely be weak over the next 12 months as Wall Street expects flat revenue Capital intensity has ramped up over the last five years as its free cash flow margin decreased by 2.8 percentage points Apogee's stock price of $38.66 implies a valuation ratio of 9.1x forward P/E. Dive into our free research report to see why there are better opportunities than APOG. Market Cap: $57.9 billion Established as part of the Chessie System and Seaboard Coast Line Industries merger, CSX (NASDAQ:CSX) is a transportation company specializing in freight rail services. Why Do We Pass on CSX? Flat unit sales over the past two years imply it may need to invest in improvements to get back on track Earnings per share decreased by more than its revenue over the last two years, showing each sale was less profitable Free cash flow margin shrank by 15.6 percentage points over the last five years, suggesting the company is consuming more capital to stay competitive At $30.83 per share, CSX trades at 16.8x forward P/E. Check out our free in-depth research report to learn more about why CSX doesn't pass our bar. Market Cap: $8.62 billion Helping build race cars at one point, Allison Transmission (NYSE:ALSN) offers transmissions to original equipment manufacturers and fleet operators. Why Are We Positive On ALSN? Offerings are mission-critical for businesses and result in a best-in-class gross margin of 47.7% Highly efficient business model is illustrated by its impressive 28.8% operating margin, and its profits increased over the last five years as it scaled Impressive free cash flow profitability enables the company to fund new investments or reward investors with share buybacks/dividends Allison Transmission is trading at $102.34 per share, or 10x forward EV-to-EBITDA. Is now the time to initiate a position? See for yourself in our comprehensive research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today for free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The National
22-05-2025
- Automotive
- The National
Gitex Europe: The exoskeleton suits that give wearer 'the strength of a robot'
Robotic exoskeleton suits that give manual labourers extra strength could be about to transform the workplace. The power suits, designed by the European firm German Bionic, were among the main attractions on the second day of the technology exhibition Gitex Europe in Berlin. The Apogee wearable tool, which has the appearance of a robotic vest, is already being used in factories, hospitals and production lines, where it is being used for a variety of tasks including changing tyres in car garages and easing the load of baggage handlers at Stuttgart Airport. The company behind the device hopes that its success in Europe will soon be replicated in the UAE. The firm is looking to build new partnerships with Dubai investors and take the robotic vests into the Middle East. Devices lift up to 36kg, providing "an intelligent link between humans and machines", as it learns each wearer's behaviours and walking patterns to improve performance. The Apogee is the sixth generation of the vest, with German Bionic's chief product officer Norma Steller expecting the device to continue to improve. 'The purpose of the device is that it augments the human body in a way that gives you additional strength and power when you're lifting, when you're walking, or also when you're forward bending,' Ms Steller told The National in Berlin. 'In most cases, it is compensating the whole weight of anything that has to be handled. In Europe, most cargo is still moved on the road by lorries and the unloading and loading is still manual work. The exoskeleton will help and compensate those stress moments.' Initial prototypes weighed 12kg, but the latest model on show at Gitex had its weight cut to just 7kg. The strength is provided by two electric robotic weight engines, with rechargeable power banks providing around four hours of battery life. Devices cost around Dh290,000, but can be rented for around D1,250 a month. Rather than robots replacing workers, the devices allow an existing workforce to maximise their output, Ms Steller added. 'You still have a human worker with the creativity, problem-solving skills and technical experience, but with the strength of a robot,' she said. Company investors include Storm Ventures, Benhamou Global Ventures and MIG Capital, an early investor into BioNTech that developed a vaccine for Covid-19. In 2023, the device won a German Entrepreneur Award for innovation in an industry that has grown considerably in the last decade. Driven by an increasing need for rehabilitation technology and workplace safety, manufacturing and health care have been the industries to see the greatest expansion. That looks set to continue, with a forecast by industry analysts at Fortune Business Insights suggesting the global market for wearable robotic exoskeletons will reach $30.56 billion by 2032. In 2023, the US army trialled a robotic exoskeleton to help soldiers carry heavy loads into the battlefield, and to help load howitzer shells. Troops from the 1-78 Field Artillery Battalion tested the futuristic suits to improve strength and endurance during combat. At a Gitex panel on humanoid and human-centric robots, Pawel Mroczkowski, executive director of DBR77 Robotics said Europe was currently lagging behind the US in bringing robots into industry. 'In Europe, we need a new way of approaching the development speed for humanoids and human-centred robotics,' he said. 'We know how robots and their applications will impact our companies for the next two or three years, but investors need to take a deeper jump into this industry.' Since its inaugural event in Dubai in 1981, Gitex has expanded to host events in technology, business and health care in Africa, Asia and now Europe. On the opening day of the event on Wednesday, Alia Al Mazrouei, Minister of State for Entrepreneurship, hoped the three-day show would attract further investment into UAE tech companies.
Yahoo
12-05-2025
- Business
- Yahoo
Apogee Therapeutics Provides Business Update, Pipeline Progress and Reports First Quarter 2025 Financial Results
Phase 2 APEX trial of APG777 in atopic dermatitis advancing with interim Part A 16-week data expected in mid-2025 and Part B actively enrolling First patient dosed in Phase 1b trial of APG777 in mild-to-moderate asthma with readout expected in 1H 2026 APG279 on track to initiate Phase 1b head-to-head trial vs DUPIXENT in 2025 with readout expected in 2H 2026 Positive interim Phase 1b readout of APG808 in patients with mild-to-moderate asthma demonstrated rapid, robust and sustained suppression of FeNO, a biomarker of Type 2 inflammation that is associated with exacerbations in asthma $681.4 million cash, cash equivalents and marketable securities supports runway into Q1 2028 SAN FRANCISCO and WALTHAM, Mass., May 12, 2025 (GLOBE NEWSWIRE) -- Apogee Therapeutics, Inc., (Nasdaq: APGE), a clinical-stage biotechnology company advancing novel biologics with the potential for differentiated efficacy and dosing in the largest inflammatory and immunology (I&I) markets, including for the treatment of atopic dermatitis (AD), asthma, eosinophilic esophagitis (EoE), chronic obstructive pulmonary disease (COPD) and other I&I indications, today provided business updates, pipeline progress and reported first quarter 2025 financial results. '2025 is poised to be a transformational year for Apogee, and we are pleased with the strong execution in the first quarter as we continue to advance therapies with the goal of reshaping the standard of care for patients living with I&I diseases,' said Michael Henderson, M.D., Chief Executive Officer of Apogee. 'We have made significant progress in our Phase 2 APEX trial of APG777, which is actively enrolling Part B and on track for the interim 16-week readout from Part A mid-year. Momentum continues across our programs, driven by the initiation of our Phase 1b trial of APG777 in patients with mild-to-moderate asthma, today's announcement of positive interim clinical trial results from our Phase 1b trial of APG808 in patients with mild-to-moderate asthma, as well as the positive Phase 1 interim readout for APG990, which exceeded all trial objectives and unlocked the potential for dosing APG279 (APG777 + APG990) two- to four- times per year with a single 2 mL co-formulated injection. Following these encouraging results from APG990, we are advancing our first-in-class combination strategy with plans to initiate a head-to-head Phase 1b study of APG279 versus DUPIXENT in AD later this year. With a very strong cash position and multiple catalysts across our portfolio in the months ahead, we are looking forward to an exciting and productive 2025 and 2026.' New independent market research reinforces APG777's potential to become a market leader in the rapidly expanding AD biologic space:Apogee conducted third-party quantitative market research in April 2025 and asked US patients and physicians the likelihood that they would switch to APG777 from their current or previous biologic assuming APG777 had similar efficacy and overall results to DUPIXENT and an every 3-month, or quarterly, injection maintenance schedule. Responses demonstrated that APG777 was highly preferred over current biologic options by patients and physicians 96% of patients currently on a biologic, both controlled and inadequately controlled, would likely switch to APG777. 80% of physicians would likely start their biologic naive patients on APG777, while 83% of physicians would likely switch inadequately controlled biologic patients to APG777. 67% of physicians are open to switching their controlled patients to a quarterly dose of APG777. Compared to a hypothetical daily oral with equivalent efficacy and safety, patients and providers prefer APG777's quarterly dosing profile: Patients prefer the APG777 profile by more than 3 to 1. Providers prefer the APG777 profile by nearly 4 to 1. 'Based on the recent market research we commissioned, APG777's potential quarterly dosing is highly preferred by both physicians and patients to other available options. Physicians expressed strong interest in both initiating new-to-biologic patients to APG777 as well as switching patients already on biologics to APG777, assuming comparable efficacy and safety to current biologics,' said Jeff Hartness, Chief Commercial Officer of Apogee. 'The AD biologic market is expanding rapidly—with year-to-date growth of 23% in total prescriptions and 44% in new-to-brand prescriptions—and new entrants are accelerating the shift from topicals to biologics. We believe APG777 is well positioned to transform the AD treatment landscape and significantly improve the quality of life for patients living with moderate-to-severe AD.' Pipeline Highlights and Upcoming Milestones Apogee continues to execute APG777 monotherapy program in AD and expansion indications: APG777 is a novel, subcutaneous (SQ), extended half-life monoclonal antibody (mAb) targeting IL-13 – a critical cytokine in inflammation and a primary driver of AD. The Phase 2 APEX clinical trial of APG777 is progressing, with Part A fully enrolled and Part B actively enrolling patients with moderate-to-severe AD. The company expects to report 16-week topline data from Part A of the trial in mid-2025 and from Part B in the second half of 2026. Apogee today announced that the first patient has been dosed in a Phase 1b trial of APG777 in patients with mild-to-moderate asthma. The primary endpoint of the trial is safety and tolerability, with secondary endpoints exploring pharmacokinetics (PK), FeNO suppression of APG777, with readout expected in the first half of 2026. The company also plans to initiate a Phase 2 trial in EoE in 2026. APG279 (APG777 + APG990) Phase 1b head-to-head study against DUPIXENT on track to initiate in 2025: APG990 is a novel, SQ, extended half-life mAb targeting OX40L, and the combination with APG777 offers the potential for improved clinical responses over monotherapy across a variety of I&I diseases while Apogee's approach of co-formulating two extended half-life mAbs provides the potential for first-in-class and best-in-class dosing. In March 2025, Apogee reported positive APG990 Phase 1 interim results in healthy volunteers, unlocking potential maintenance dosing every three and six months for APG279 (APG777 + APG990) Apogee plans to initiate its first-in-class combination trial, a Phase 1b trial designed to evaluate the safety, PK, pharmacodynamics and efficacy of APG279 against DUPIXENT in patients with moderate-to-severe AD this year, with an interim readout expected in the second half of 2026. Progress continues in our combination approach of APG777 + APG333: APG333 is a novel, SQ, extended half-life mAb targeting thymic stromal lymphopoietin (TSLP), a key driver of Type 2 and Type 3 inflammation in eosinophilic and non-eosinophilic conditions. A Phase 1 trial of APG333 in healthy volunteers is underway, with data expected in the second half of 2025. Positive interim data for APG808 Phase 1b trial in asthma reported: APG808 is a novel, SQ extended half-life mAb targeting IL-4Rα, a target with clinical validation across eight Type 2 allergic diseases. In preclinical studies, APG808 has similar binding and femtomolar affinity for IL-4Rα as compared to DUPIXENT and has demonstrated similar inhibition to DUPIXENT. Today, the company reported positive interim results of the Phase 1b trial of APG808 in patients with mild-to-moderate asthma. The results demonstrated that APG808 was well-tolerated, with multiple doses of APG808 resulting in rapid suppression of FeNO, a biomarker of Type 2 inflammation that is associated with exacerbations in asthma, with a maximal robust FeNO decrease from baseline of 53% and sustained FeNO decrease from baseline of 50% at 12 weeks. APG808's optimized PK profile coupled with FeNO suppression out to 12-weeks reinforce the potential for 2-months or longer maintenance dosing, offering a significant advantage compared to the current bi-weekly standard of care. First Quarter 2025 Financial Results Cash Position: Cash, cash equivalents and marketable securities were $681.4 million as of March 31, 2025, compared to $731.1 million as of December 31, 2024. Based on current operating plans, Apogee expects its existing cash, cash equivalents and marketable securities will enable the company to fund its operating expenses into the first quarter of 2028. R&D Expenses: Research and development (R&D) expenses were $46.4 million for the quarter ended March 31, 2025, compared to $28.7 million for the quarter ended March 31, 2024. R&D expenses increased primarily due to the advancement of the pipeline and continued development of the company's programs, and increases in personnel-related expenses and equity-based compensation, associated with the growth in the company's R&D team. G&A Expenses: General and administrative (G&A) expenses were $16.7 million for the quarter ended March 31, 2025, compared to $9.5 million for the quarter ended March 31, 2024. G&A expenses increased primarily due to increases in personnel-related expenses and equity-based compensation, primarily driven by increased headcount and an increase in the fair value of equity awards granted. These increases are the result of the company's expansion of operations to support the growth in its business. Net Loss: Net loss was $55.3 million for the quarter ended March 31, 2025, compared to a net loss of $32.1 million for the quarter ended March 31, 2024. Net loss increased primarily as a result of higher R&D and G&A expenses as described above, partially offset by higher interest income. About ApogeeApogee Therapeutics is a clinical-stage biotechnology company advancing novel biologics with potential for differentiated efficacy and dosing in the largest I&I markets, including for the treatment of AD, asthma, EoE, COPD and other I&I indications. Apogee's antibody programs are designed to overcome limitations of existing therapies by targeting well-established mechanisms of action and incorporating advanced antibody engineering to optimize half-life and other properties. APG777, the company's most advanced program, is being initially developed for the treatment of AD, which is the largest and one of the least penetrated I&I markets. With four validated targets in its portfolio, Apogee is seeking to achieve best-in-class efficacy and dosing through monotherapies and combinations of its novel antibodies. Based on a broad pipeline and depth of expertise, the company believes it can deliver value and meaningful benefit to patients underserved by today's standard of care. For more information, please visit Forward Looking Statements Certain statements in this press release may constitute 'forward-looking statements' within the meaning of the federal securities laws, including, but not limited to, statements regarding: Apogee's plans for its current and future product candidates and programs; the anticipated timing of the initiation of its clinical trials, including the Phase 1b trial of APG279 (the combination of APG777 and APG990) in AD, the Phase 2 trial of APG777 in EoE, and the Phase 1 trial of APG333 in healthy volunteers; the expected timing of and results from its clinical trials, including data from Part A and Part B of its Phase 2 trial of APG777 in AD, Phase 1b trial of APG279 in AD, Phase 1 trial of APG333 in healthy volunteers, Phase 1b trial of APG777 in asthma; its planned clinical trial designs; its plans for current and future clinical trials; the potential clinical benefit and half-life, PK profile and dosing regimen, and treatment outcomes of APG777, APG279, APG990, APG333, APG808, Apogee's other product candidates, including combination therapies, and any other potential programs; its planned business strategies; its expected timing for future pipeline updates; and its expectations regarding the time period over which Apogee's capital resources will be sufficient to funds its anticipated operations. Words such as 'may,' 'might,' 'will,' 'objective,' 'intend,' 'should,' 'could,' 'can,' 'would,' 'expect,' 'believe,' 'design,' 'estimate,' 'predict,' 'potential,' 'develop,' 'plan' or the negative of these terms, and similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While Apogee believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to the company on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties (including, without limitation, those set forth in Apogee's filings with the U.S. Securities and Exchange Commission (the SEC)), many of which are beyond the company's control and subject to change. Actual results could be materially different. Risks and uncertainties include: global macroeconomic conditions and related volatility, expectations regarding the initiation, progress, and expected results of Apogee's preclinical studies, clinical trials and research and development programs; expectations regarding the timing, completion and outcome of Apogee's clinical trials; the unpredictable relationship between preclinical study results and clinical study results; the timing or likelihood of regulatory filings and approvals; liquidity and capital resources; and other risks and uncertainties identified in Apogee's Annual Report on 10-K for the year ended December 31, 2024, filed with the SEC on March 3, 2025, and subsequent disclosure documents Apogee may file with the SEC. Apogee claims the protection of the Safe Harbor contained in the Private Securities Litigation Reform Act of 1995 for forward-looking statements. Apogee expressly disclaims any obligation to update or alter any statements whether as a result of new information, future events or otherwise, except as required by THERAPEUTICS, CONSOLIDATED BALANCE SHEETS(UNAUDITED)(In thousands, except share data) MARCH 31,2025 DECEMBER 31,2024 Assets Current assets: Cash and cash equivalents $ 106,916 $ 141,789 Marketable securities 406,413 378,864 Prepaid expenses and other current assets 8,202 9,060 Total current assets 521,531 529,713 Long-term marketable securities 168,106 210,416 Property and equipment, net 5,679 1,959 Right-of-use asset, net 11,507 11,365 Other non-current assets 7,339 498 Total assets $ 714,162 $ 753,951 Liabilities and stockholders' equity Current liabilities: Accounts payable $ 2,445 $ 1,071 Lease liability 3,976 3,234 Accrued expenses and other current liabilities 26,539 24,255 Total current liabilities 32,960 28,560 Long-term liabilities: Lease liability, net of current 7,840 8,597 Total liabilities 40,800 37,157 Stockholders' equity: Common Stock; $0.00001 par value, 400,000,000 authorized, 59,526,170 issued and 58,304,801 outstanding as of March 31, 2025; 400,000,000 authorized, 59,478,725 issued and 58,062,898 outstanding as of December 31, 2024 1 1 Additional paid-in capital 1,033,542 1,021,794 Accumulated other comprehensive income 1,074 915 Accumulated deficit (361,255 ) (305,916 ) Total stockholders' equity 673,362 716,794 Total liabilities and stockholders' equity $ 714,162 $ 753,951 APOGEE THERAPEUTICS, CONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED)(In thousands) THREE MONTHS ENDED MARCH 31, 2025 2024 Operating expenses: Research and development $ 46,387 $ 28,716 General and administrative 16,709 9,465 Total operating expenses 63,096 38,181 Loss from operations (63,096 ) (38,181 ) Other income, net: Interest income, net 7,840 6,087 Total other income, net 7,840 6,087 Net loss before taxes (55,256 ) (32,094 ) Provision for income taxes (83 ) — Net loss after taxes $ (55,339 ) $ (32,094 ) Investor Contact:Noel KurdiVP, Investor RelationsApogee Therapeutics, Media Contact:Dan Budwick1AB Mediadan@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
06-05-2025
- Business
- Business Upturn
Apogee Minerals Announces Acquisition of the May Lake Project Located in Saskatchewan, Canada
By GlobeNewswire Published on May 6, 2025, 02:00 IST Vancouver, British Columbia, May 05, 2025 (GLOBE NEWSWIRE) — Apogee Minerals Ltd. ('Apogee' or the 'Company') (TSXV: APMI) is pleased to announce that it has acquired a 100% interest in two mineral claims comprising the May Lake Project, located in the La Ronge Belt of northern Saskatchewan. The claims were acquired from an arm's-length third-party for a total cash consideration of CAD $5,000. The two claims cover a total area of 4,502.2 hectares, situated approximately 240 kilometres north of the town of La Ronge. This acquisition marks a strategic addition to Apogee's growing land position in one of Saskatchewan's most prospective greenstone belts, which is known for its gold and base metal potential. May Lake Property Location: May Lake Property Summary: The May Lake Property lies at the boundary between the Rottenstone and La Ronge domains, host to a variety of deposit types including volcanogenic massive sulphide Cu-Zn-Pb orogenic gold and intrusion-hosted magmatic Ni-Cu deposits. The claims are underlain by interlayered, felsic, intermediate and mafic volcanics, as well as intermediate to felsic intrusives and metasediments. Several notable mineral occurrences are located on the claims. The most significant of these is a rusty andesite outcrop which returned up to 2090 ppm Cu (0.2%), along with anomalous Zn, gold and silver values. The property has not seen a great deal of exploration historically and significant potential for the discovery of volcanogenic massive sulphide Cu-Zn-Pb and orogenic gold mineralization exists on the property. May Lake Geology: Qualified Person: Sean Cross, a 'qualified person' for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects and a Consulting Geologist, has prepared, reviewed, and approved the scientific and technical disclosure in this news release. About Apogee Minerals Ltd.: Apogee Minerals Ltd. is a mineral exploration company. Our goal is to build shareholder value through mineral project acquisitions and advancement, as well as new mineral discoveries. To find out more about Apogee Minerals Ltd. (TSX-V: APMI) visit the Company's website: Apogee Minerals Ltd. 'Tim Fernback' Tim Fernback Interim CEO and Director For further information, please contact: Apogee Minerals Ltd. Nicholas Coltura, Director Email: [email protected] Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Statements Regarding Forward-Looking Information This release includes certain statements that may be deemed to be 'forward-looking statements'. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at for further information. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Hamilton Spectator
05-05-2025
- Business
- Hamilton Spectator
Apogee Minerals Announces Acquisition of the May Lake Project Located in Saskatchewan, Canada
Vancouver, British Columbia, May 05, 2025 (GLOBE NEWSWIRE) — Apogee Minerals Ltd. ('Apogee' or the 'Company') (TSXV: APMI) is pleased to announce that it has acquired a 100% interest in two mineral claims comprising the May Lake Project, located in the La Ronge Belt of northern Saskatchewan. The claims were acquired from an arm's-length third-party for a total cash consideration of CAD $5,000. The two claims cover a total area of 4,502.2 hectares, situated approximately 240 kilometres north of the town of La Ronge. This acquisition marks a strategic addition to Apogee's growing land position in one of Saskatchewan's most prospective greenstone belts, which is known for its gold and base metal potential. May Lake Property Location: May Lake Property Summary: The May Lake Property lies at the boundary between the Rottenstone and La Ronge domains, host to a variety of deposit types including volcanogenic massive sulphide Cu-Zn-Pb orogenic gold and intrusion-hosted magmatic Ni-Cu deposits. The claims are underlain by interlayered, felsic, intermediate and mafic volcanics, as well as intermediate to felsic intrusives and metasediments. Several notable mineral occurrences are located on the claims. The most significant of these is a rusty andesite outcrop which returned up to 2090 ppm Cu (0.2%), along with anomalous Zn, gold and silver values. The property has not seen a great deal of exploration historically and significant potential for the discovery of volcanogenic massive sulphide Cu-Zn-Pb and orogenic gold mineralization exists on the property. May Lake Geology: Qualified Person: Sean Cross, a 'qualified person' for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects and a Consulting Geologist, has prepared, reviewed, and approved the scientific and technical disclosure in this news release. About Apogee Minerals Ltd.: Apogee Minerals Ltd. is a mineral exploration company. Our goal is to build shareholder value through mineral project acquisitions and advancement, as well as new mineral discoveries. To find out more about Apogee Minerals Ltd. (TSX-V: APMI) visit the Company's website: Apogee Minerals Ltd. 'Tim Fernback' Tim Fernback Interim CEO and Director For further information, please contact: Apogee Minerals Ltd. Nicholas Coltura, Director Email: ncoltura@ Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Statements Regarding Forward-Looking Information This release includes certain statements that may be deemed to be 'forward-looking statements'. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at for further information.
