Apex Critical trades on NASDAQ, prices US$1.86 million offering
Apex Critical Metals Corp. [APXC-CSE, APXC-NASDAQ, APXCF-OTCQX, KL9-FWB] said the company has been approved to list its American Depository Shares (ADS) on the Nasdaq Capital Market under the symbol APXC. Trading was expected to begin today (Friday October 23, 2026) via an underwritten public offering in the United States.
Apex Critical is a mineral exploration company focused on advancing its 100%-owned Rift Rare Earth Project within the Elk Creek Carbonatite Complex in southeastern Nebraska.
The company said the offering consists of 400,000 ADSs at an offering price of US$4.65 per ADS. Each offered ADS represents six common shares of Apex. The gross proceeds before deducting underwriting discounts, commissions and offering expenses, is expected to be US$1.86 million.
In addition, Apex has granted the underwriter a 45-day option to purchase up to an additional 60,000 ADSs at the public offering price, less underwriting discounts and commissions. The offering is expected to close on October 23, 2026.
Apex said it intends to use the net proceeds from the offering for working capital and general corporate purposes, including advancing its ongoing drill program at the Rift Rare Earth Project.
Apex shares eased 3.6% or $0.05 to $1.35 on Friday. The shares trade in a 52-week range of $4.01 and 96 cents.
Apex is a Canadian exploration company with a focus on advancing rare earth element (REE) and niobium projects that support the growing demand for critical and strategic metals across the United States and Canada. They include the Rift REE Project in southeastern Nebraska, which is located in the Elk Creek Carbonatite Complex, and hosts extensive rare earth rights surrounding one of North America’s most advanced niobium-REE deposits. Historical drilling across the complex has reported broad intervals of high grade REE mineralization, including intercepts such as 155.5 metres of 2.70% REO (rare earth oxide) and 68.2 metres of 3.32% REO.
In a press release on October 5, 2026, the company said the latest results from two western step-out drill holes (RIFT26-022 and RIFT26-024) mark an exciting milestone for the project, representing material intersections of greater than 4.00% REO and further validation of the broader mineralized Trinity Zone along the primary east-west drill fences. The company said identifying additional rare earth magnet feedstock beyond the one producer in North America is a national priority in the United States and results from Apex Critical’s 2026 drill program at the Rift project continue to demonstrate a significant grade scale and profile. It said it has extended the Trinity Zone 200 metres with 3.55% RE0 over 116 metres and 2.35% over 171.5 metres in western-step out drilling at Rift. The latest results include the longest intervals of plus 4.00% REO on the project to date and support the presence of higher-grade core within the Trinity Zone. Approximately 37 holes (24,000 metres) have been completed to date with results from 13 holes (over 8,000 metres) pending. Drilling continues on site.