Key Takeaways:
Apex Critical Metals Corp. (CSE: APXC) (OTCQX: APXCF) (FWB: KL9) has upsized its private placement to C$15 million, a 50% increase from its previously announced C$10 million financing, to advance its Canadian critical mineral projects.
The company announced on May 19 that it had amended its agreement with lead agent Canaccord Genuity Corp. for a "best efforts" private placement of up to 7,895,000 units at a price of C$1.90 per unit.
Each unit consists of one common share and one purchase warrant, allowing the holder to acquire an additional share at C$2.60 for 24 months. The offering is expected to close around June 2, 2026. The over-allotment option from the previous agreement has been cancelled.
The upsized C$15 million in gross proceeds will be used to fund exploration of the company’s Rift, CAP, and Lac Le Moyne critical mineral projects. This funding is crucial for Apex to define and expand its rare earth element (REE) and niobium resources, which are vital for high-tech, clean energy, and national security applications.
This article is for informational purposes only and does not constitute investment advice.
