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Associated Press
12 hours ago
- Business
- Associated Press
Apex Critical Metals Receives Multi-Year Permit and Preps Drill Program at CAP Project, British Columbia
VANCOUVER, BC / ACCESS Newswire / June 19, 2025 / Apex Critical Metals Corp. (CSE:APXC)(OTCQB:APXCF)(FWB:KL9) ('Apex' or the 'Company') is pleased to announce it has received a five-year Multi-Year Area-Based Exploration Permit (MYAB) and has advanced plans for a 2025 summer diamond drill program at its Cap Project (the 'Project') located in east-central British Columbia. Drilling is expected to commence in mid-July, with approximately 1,000 to 1,500 metres of core drilling anticipated. The 2025 campaign marks the Company's inaugural drill program at CAP, and the first program on the Project since 2017, when mineralized carbonatite was intersected in drillhole CAP17-004. The 2025 drilling program will target the 1.8 km-long niobium-in-soil anomaly and mineralized carbonatite outcrops identified by the Company in 2024. (see news release dated November 12, 2024, Figure 1). These areas remain untested by previous drilling. Cap Project highlights from 2024 exploration include (see Figure 1): 'We are eager to advance the CAP Project to the drill stage,' notes Sean Charland, CEO of Apex Critical Metals. 'The 2025 program is designed to evaluate the scale and depth potential of the newly discovered carbonatite-hosted niobium and REO mineralization. With a strong foundation from our 2024 work, we're looking forward to testing some of the most compelling targets identified to date.' Apex received a five-year Multi-Year Area-Based Exploration Permit (Permit Number MX-11-251, the 'MYAB Permit'), effective November 6, 2024, encompasses most of the CAP Project. The MYAB Permit allows for Apex to complete the following key exploration activities: Figure 1. CAP property highlights Quality Assurance / Quality Control All 2024 rock samples were collected in the field using a hammer and chisel. Soil samples were collected from the presumed B horizon using a hand auger and/or geotool. Stream concentrate samples were collected by fill approximately ¾ of a 12x20 cm sample bag with stream sediment. The material was first passed through a 1/8-inch sieve yielding a fine fraction that was then processed using both 14" LeTrap plastic pans to concentrate the heavy fraction, resulting in approximately tens of grams per sample. The concentrate was then carefully transferred to a pre-labeled zip-lock sample bag with a corresponding sample book tag and sample number Locations for all sample types were obtained using a handheld GPS or tablet with samples placed in pre-labelled sample bags. Metal tags with the sample numbers and flagging tape were left at each sample location. Samples were shipped using Manitoulin Transport to Actlabs Laboratory in Kamloops BC. Rock samples were prepped via RX1, Dry, crush (< 7 kg) up to 80% passing 2 mm, riffle split (250 g) and pulverize (mild steel) to 95% passing 105 µm. Analysis consisted of Code 8 by XRF Nb₂O₅, ZrO2 and Ta2O5 (0.003%), Code 8 - REE Assay, and 1A2 Au Fire Assay - AA, 30g weight, 5-5,000 ppb. Soil and stream concentrate samples were prepped using code S1-230, which requires drying (60°C) and sieving (-63 µm). Analysis consisted of packages 4B2-STD, Lithium Borate Fusion / ICP-MS Trace Element package, and 1A2 Au Fire Assay - AA, 30g weight, 5-5,000 ppb A Quality Assurance/Quality Control protocol was incorporated into the rock sampling program and included the insertion of two certified reference material ('CRM's) and one quartz blank representing approximately 9% of submitted samples. For the soil sampling and stream concentrate sampling, a total of five CRMs were inserted into the sample stream representing approximately 1% of the submitted samples, with the Company also relying on the internal QA/QC procedures of Actlabs. Management cautions that prospecting surface rock samples, soil samples, stream concentrate samples and associated assays, as discussed herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled. Qualified Person The technical content of this news release has been reviewed and approved by Nathan Schmidt, P. Geo. (EGBC Licence 48336), Geologist for Dahrouge Geological Consulting Ltd. (EGBC Permit to Practice 1003035), and a Qualified Person under NI 43-101 on standards of disclosure for mineral projects. Mr. Schmidt has verified all scientific and technical data disclosed in this news release including the sampling and QA/QC results, and certified analytical data underlying the technical information disclosed. Mr. Schmidt noted no errors or omissions during the data verification process. The Company and Mr. Schmidt do not recognize any factors of sampling or recovery that could materially affect the accuracy or reliability of the assay data disclosed in this news release. About Apex Critical Metals Corp. (CSE: APXC) (OTCQB: APXCF) (FWB: KL9) Apex Critical Metals Corp. is a Canadian exploration company specializing in the acquisition and development of properties prospective for carbonatites and alkaline rocks with potential to host economic concentrations of rare earth elements (REE's), niobium, gold and copper mineralization. Apex's Cap Property located 85 kilometres northeast of Prince George, B.C., spans 25 square kilometres and hosts a recently identified promising 1.8-kilometre niobium in soil 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. The Lac Le Moyne Project covers approximately 4,025 ha, and is situated several kilometers to the northwest of Commerce Resources Corp.'s Eldor Carbonatite Complex located in Quebec, Canada. Carbonatites are extremely rare rock types, with fewer than 600 known worldwide. They are host to rare earth element ('REE') minerals, niobium, tantalum and phosphate, as well as copper and gold. Carbonatites are host to the world's largest and most productive niobium deposits, including Araxa and Catalão in Brazil, and Niobec in Quebec. In addition, they are the primary source of REEs, including Mountain Pass in California, Mount Weld in Australia, and Bayan Obo in China. They are also important sources of phosphate (apatite), including Cargill, Ontario, while the 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 is publicly listed in Canada on the Canadian Securities Exchange (CSE) under the symbol APXC, and quoted on the OTCQB market in the United States under the symbol APXCF, and in Germany on the Borse Frankfurt under the symbol KL9 and/or WKN: A40CCQ. Find out more at and to sign up for free news alerts please go to or follow us on X (formerly Twitter), Facebook or LinkedIn. On Behalf of the Board of Directors APEX CRITICAL METALS CORP., Sean Charland Chief Executive Officer Tel: 604.681.1568 Email: [email protected] 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 start of the Company's anticipated drilling program and the Company's intention to further investigate high-value opportunities on its properties 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. Risks that could change or prevent these events, activities or developments from coming to fruition include: that we may not be able to fully finance any additional exploration on the Company's properties; that even if we are able raise capital, costs for exploration activities may increase such that we may not have sufficient funds to pay for such exploration or processing activities; the timing and content of any future work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumptions based on limited test work and by comparison to what are considered analogous deposits that, with further test work, may not be comparable; testing of our process may not prove successful or samples derived from our properties may not yield positive results, and even if such tests are successful or initial sample results are positive, the economic and other outcomes may not be as expected; the anticipated market demand for REE and other minerals may not be as expected; the availability of labour and equipment to undertake future exploration work and testing activities; geopolitical risks which may result in market and economic instability. 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. press release
Yahoo
26-03-2025
- Business
- Yahoo
Zimtu Capital Corp. Invests in Xander Resources Inc.
VANCOUVER, BC / / March 26, 2025 / Zimtu Capital Corp. (TSXv:ZC)(FSE:ZCT1) ("Zimtu" or the "Company") announces that its has acquired 1,315,790 units (the "Units") of Xander Resources Inc. ("Xander") at a price of $0.19 per Unit pursuant to a private placement offering undertaken by Xander (the "Offering"). The Units are comprised of 1,315,790 common shares and 1,315,790 share purchase warrants. Each warrant entitles the holder to purchase one additional share at a price of $0.25 per share within three (3) years from the date of closing. Prior to the closing of the Offering, Zimtu did not own or control any securities of Xander. Following closing of the Offering, Zimtu holds 1,315,790 common shares in the capital of Xander and 1,315,790, representing 16.6% of the issued and outstanding common shares of Xander, on an undiluted basis, and 28.5% of the issued and outstanding common shares of Xander on a partially diluted basis. Zimtu acquired the Units for investment purposes only, and depending on market and other conditions, may from time to time in the future increase or decrease its ownership, control or direction over securities of Xander, through market transactions, private agreements or otherwise. This news release is issued pursuant to the requirements set forth in National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and National Instrument 62-104 - Take-Over Bids and Issuer Bids. Zimtu will be filing an early warning report with respect to the acquisition of the Units containing additional information under Xander's SEDAR+ profile at About Zimtu Capital Capital Corp. is a public investment issuer that aspires to achieve long-term capital appreciation for its shareholders. Zimtu Capital companies may operate in the fields of mineral exploration, mining, technology, life sciences or investment. The Company trades on the TSX Venture Exchange under the symbol "ZC" and Frankfurt under symbol "ZCT1". For more information, please visit On Behalf of the Board of DirectorsZIMTU CAPITAL CORP. "Sean Charland"President & DirectorTel: 604.681.1568 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements, which include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future. Forward-looking statements in this press release include statements that the Company may from time to time increase or decrease its ownership, control or direction over securities of Xander, depending upon market or other conditions and statements; that the Company will file an early warning report respecting the acquisition of the Units; and that the Company aspires to achieve long-term capital appreciation for its shareholders. These statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include, but are not limited to: risks associated with the business of the Company or the businesses of the companies that the Company has invested in, including, without limitation, the natural resource exploration industry; changes in commodity prices as the Company has investments in natural resource exploration issuers; changes in interest and currency exchange rates; geopolitical risk and social unrest; changes in general economic conditions or conditions in the financial markets; and economic, competitive, governmental, environmental and technological factors which may affect the Company's operations, investments, markets, products and share price. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events. SOURCE: Zimtu Capital Corp. View the original press release on ACCESS Newswire
Associated Press
05-02-2025
- Business
- Associated Press
Apex Critical Metals Acquires Underexplored Lac Le Moyne Carbonatite Property, Northeast Quebec
Company targets development of high value critical mineralization portfolio to help address domestic industrial supply demands. VANCOUVER, BC / ACCESS Newswire / February 5, 2025 / Apex Critical Metals Corp. (CSE:APXC)(OTCQB:APXCF)(FWB:KL9) ('Apex' or the 'Company') is pleased to announce the acquisition of the Lac Le Moyne Carbonatite Project (the 'Project') as part of its strategic goal to investigate potential high-value opportunities to meet the growing demand of strategic metals across a variety of critical domestic industries. Located in northeastern Quebec near the community of Kuujjuaq, the Project consists of 86 map staked claims totalling approximately 4,025 ha (9,946 acres), situated several kilometers to the northwest of Commerce Resources Corp.'s Eldor Carbonatite Complex. Carbonatites are extremely rare rock types, with fewer than 600 known worldwide. They are host to rare earth element ('REE') minerals, niobium, tantalum and phosphate, as well as copper and gold. Carbonatites are host to the world's largest and most productive niobium deposits; the Lac Le Moyne Project was acquired for its potential to host carbonatite-related mineralization. Highlights include: The Lac Le Moyne Project has little documented historical exploration and no known exploration specifically for carbonatite-related mineralization. Multiple carbonatite outcrops were previously identified by government geologists conducting regional mapping programs throughout the Labrador Trough. 'Carbonatites are among the most productive sources of niobium, rare earths and phosphate worldwide,' notes Sean Charland, Chief Executive Officer of Apex Critical Metals. 'By adding Lac Le Moyne 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.' The Lac Le Moyne carbonatite outcrops, which are inclusive to the Property, were originally mapped during the late 1970's. Carbonatite is a relatively rare rock type; however, is also the primary host to rare earth element ('REE') and niobium production globally. Just to the south of the Project is the Ashram Rare Earth and Fluorspar Deposit, held by Commerce Resources Corp. on its Eldor Property, with a mineral resource of 73.2 Mt at 1.89% rare earth oxide ('REO') and 6.6% CaF2 indicated, and 131.1 Mt at 1.91% REO and 4.0% CaF2 inferred ( Commerce, 2024). Additionally, recent exploration at Commerce's Mallard Prospect, located proximal to the Ashram Deposit, returned a drill intercept of 122.5 m of 0.62% Nb2O5 ( Commerce, 2024). The Company cautions that past results or discoveries on adjacent properties (i.e. Eldor) may not necessarily be indicative to the presence of mineralization on the Company's properties (i.e. Lac Le Moyne). Terms of the acquisition: Pursuant to a sale agreement dated January 24, 2025, among the Company and the vendors, the Company has agreed to acquire a 100-per-cent interest in the claims for total consideration payable over a 3-year period of $100,000 in cash and issue to the vendors a total of 200,000 shares. In the event a material drill intersection of niobium mineralization is identified on the Project, an additional 500,000 'bonus' shares are payable. In addition, the Company will grant to the vendor a 2.0-per-cent net smelter return royalty interest in the future minerals produced from the claims upon achieving commercial production. Qualified Person The information in this news release that relates to exploration results for the Lac Le Moyne Property is based on, and fairly represents, information reviewed by Mr. Darren L. Smith, Director of the Company, who is a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, and member in good standing with the Ordre des Géologues du Québec (Geologist Permit number 01968), and with the Association of Professional Engineers and Geoscientists of Alberta (member number 87868). Mr. Smith has reviewed and approved the technical information in this news release. Mr. Smith is a Director of Apex Critical Metals Corp. and holds common shares and options in the Company. About Apex Critical Metals Corp. Apex Critical Metals a Canadian exploration company specializing in the acquisition and development of properties prospective for carbonatites and alkaline rocks with potential to host economic concentrations of rare earth elements (REE's), niobium, gold and copper mineralization. Apex's Cap property located 85 kilometres northeast of Prince George, B.C., spans 25 square kilometres and hosts a recently identified promising 1.8-kilometre 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 fewer than 600 known worldwide. They are host to rare earth element ('REE') minerals, niobium, tantalum and phosphate, as well as copper and gold. Carbonatites are host to the world's largest and most productive niobium deposits, including Araxa and Catalão in Brazil, and Niobec in Quebec. In addition, they are the primary source of REEs, including Mountain Pass in California, Mount Weld in Australia, and Bayan Obo in China. They are also important sources of phosphate (apatite), including Cargill, Ontario, while the 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 Critical intends to investigate potential high-value opportunities to meet the growing global demand of specialty metals across various industries. Apex Critical is publicly listed in Canada on the Canadian Securities Exchange (CSE) under the symbol APXC, in the United States on the OTCQB market under the symbol APXCF, and in Germany on the Borse Frankfurt under the symbol KL9 and/or WKN: A40CCQ. Find out more at where you can subscribe for News Alerts, watch our Video, or follow us on Facebook, or LinkedIn. On Behalf of the Board of Directors APEX CRITICAL METALS CORP., --Sean Charland-- Sean Charland Chief Executive Officer Tel: 604.681.1568 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.
