Apex Announces Nasdaq Listing and Pricing of US$1.86 Million Offering
Net proceeds are intended in part to advance the ongoing drill program at the Rift Rare Earth Project.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Apex Critical Metals (APXCF) priced a US$1.86 million offering of American Depository Shares and received approval to list them on Nasdaq. The offering comprises 400,000 ADSs at US$4.65 each, with each ADS representing 6 common shares. Gross proceeds are expected before underwriting discounts, commissions and offering expenses.
Trading on the Nasdaq Capital Market under APXC and the offering's closing are expected on October 23, 2026. The underwriter has a 45-day option to buy up to 60,000 additional ADSs. Apex intends to use net proceeds for working capital and general corporate purposes, including advancing drilling at its Rift Rare Earth Project.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate point. Forward-looking: it has not happened yet and may not happen.The offering is expected to raise US$1.86 million in gross proceeds. 2.1% of market cap
- Moderate point. Forward-looking: it has not happened yet and may not happen.Nasdaq Capital Market listing approved, with APXC trading expected to begin October 23, 2026.
- Minor point. Forward-looking: it has not happened yet and may not happen.Apex intends to use net proceeds partly to advance ongoing drilling at the Rift Rare Earth Project.
Negative
- Moderate point. Forward-looking: it has not happened yet and may not happen.400,000 ADSs at US$4.65 each, representing 6 common shares apiece, will dilute existing holders.
- Minor point. Forward-looking: it has not happened yet and may not happen.The underwriter's 45-day option for up to 60,000 additional ADSs creates potential further dilution.
- Minor point. Forward-looking: it has not happened yet and may not happen.Underwriting discounts, commissions and offering expenses will reduce proceeds available to Apex.
AI-generated analysis. How Rhea-AI works. Not financial advice.
VANCOUVER, BC / ACCESS Newswire / October 22, 2026 / Apex Critical Metals Corp. (NASDAQ:APXC)(CSE:APXC)(OTCQX:APXCF)(FWB:KL9)(Euronext Access Paris:MLAPX) ("Apex" or the "Company"), a mineral exploration company focused on advancing its strategic
The Offering consists of 400,000 ADSs at an offering price of US
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, subject to satisfaction of customary closing conditions
Maxim Group LLC is acting as sole book-running manager for the Offering.
The Company intends to use the net proceeds from the Offering for working capital and general corporate purposes, including advancing the Company's ongoing drill program at the Rift Rare Earth Project.
The Offering is being made pursuant to an effective shelf registration statement on Form F-10 (File No. 333-298319) previously filed with the U.S. Securities and Exchange Commission (the "SEC") and became effective on August 13, 2026. Apex may offer and sell securities in both the United States and other jurisdictions outside of Canada. No securities will be offered or sold to Canadian purchasers under the Offering. A preliminary prospectus supplement and accompanying prospectus relating to the Offering and describing the terms thereof was filed with the SEC and forms a part of the effective registration statement and is available on the SEC's website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying prospectus may be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com. The final terms of the Offering will be disclosed in a final prospectus supplement to be filed with the SEC, which will be available for free on the SEC's website at www.sec.gov and will also be available on the Company's profile on the SEDAR+ website at www.sedarplus.ca.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Apex Critical Metals Corp. (NASDAQ:APXC)(CSE:APXC)(OTCQX:APXCF)(FWB:KL9)(Euronext Access Paris:MLAPX)
Apex Critical Metals Corp. is a Canadian exploration company focused 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.
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 information" or "forward-looking statements" under applicable Canadian and United States securities legislation (collectively, "forward-looking statements"). 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 (without limitation) statements relating to: the proposed Offering, including the completion of the Offering (or the timing thereof); the expected trading on the Nasdaq Capital Market (or the timing thereof) and the expected 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. Risks that could change or prevent these events, activities or developments from coming to fruition include: the risk that the Offering may not be completed on the anticipated timeline or at all; the risk that the Offering may not be completed on terms acceptable to the Company, including as to size, pricing or other terms; the risk that market conditions, investor demand, general economic and capital markets conditions, or volatility in the Company's trading price may adversely impact the Offering; the risk that the Company may be unable to satisfy applicable regulatory requirements or other closing conditions; and the risk that the Company's planned use of proceeds may change due to operational requirements, business opportunities or other factors. Investors are cautioned not to place undue reliance on forward-looking statements. 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 forward-looking statements herein are made as of the date hereof, and 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.
View the original press release on ACCESS Newswire
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are the price and size of Apex Critical Metals' ADS offering?
The offering consists of 400,000 ADSs at US$4.65 per ADS, with expected gross proceeds of US$1.86 million before underwriting discounts, commissions and offering expenses. Each ADS represents 6 common shares.
When will Apex Critical Metals begin Nasdaq trading and close its offering?
Trading on the Nasdaq Capital Market under APXC and the offering's closing are expected on October 23, 2026. Closing remains subject to satisfaction of customary closing conditions.
Can Canadian purchasers participate in Apex Critical Metals' offering?
No securities will be offered or sold to Canadian purchasers under this offering. Apex may offer and sell securities in the United States and other jurisdictions outside Canada.