Welcome to our dedicated page for Apex Resources news (Ticker: SLMLF), a resource for investors and traders seeking the latest updates and insights on Apex Resources stock.
Apex Resources Inc. (OTC Pink: SLMLF; TSXV: APX) generates news primarily through exploration updates on its lithium brine and critical minerals projects in North America. The company’s disclosures focus on technical milestones at its Lithium Creek Project in Churchill County, Nevada, and on its Jersey-Emerald Property and other mineral exploration properties in southern British Columbia, Canada.
Recent Apex news has highlighted shallow groundwater sampling and analytical results from Lithium Creek, where fluid samples collected from auger holes, a historic well and surface water have shown lithium concentrations across a wide range, with many samples above 50 milligrams per liter. The company has also reported preliminary and final analytical results that it interprets as evidence of lithium-enriched brine aquifers or reservoirs at the project.
Another key theme in Apex’s news flow is geophysical and geological work. The company has announced gravity and HSAMT survey results over portions of Lithium Creek, as well as plans for magnetotelluric and seismic surveys to refine lithium brine reservoir targets. These updates describe basin geometry, low resistivity anomalies and drill target selection based on geophysical data and sampling results.
In Canada, Apex news has covered drill planning at the Jersey-Emerald Property, which includes historic lead-zinc and tungsten mines and targets minerals on Canada’s Critical Minerals List along with zones of gold mineralization. Corporate updates, such as private placement financings and the appointment of technical advisors with lithium brine experience, also appear in the company’s announcements.
Investors and observers following SLMLF-related news can use this page to review Apex’s exploration results, project expansions, technical reports and corporate developments as reported in its public news releases.
Apex Resources (OTC:SLMLF) has announced encouraging results from its inaugural geophysical survey at the Lithium Creek Project in Churchill County, Nevada. The company completed gravity and HSAMT surveys over 1,650 acres of its approximately 8,100-acre placer claims.
The surveys revealed multiple shallow and deep drill targets with resistivity readings below 2.5-ohm metres, consistent with global lithium brine deposits. The results indicate a deep, structurally complex basin geometry with potential connectivity to a larger regional brine system. Previous surface samples showed high lithium concentrations up to 393 mg/L. The company is now proceeding with drill target selection and will subsequently pursue necessary permits from BLM and NDOM.
Apex Resources Inc. (TSXV: APX) (OTC Pink: SLMLF) has launched Gravity and Hybrid-Source Audio-Frequency Magnetotelluric (HSAMT) geophysical surveys at their Lithium Creek Project in Churchill County, Nevada. The surveys target the Fernley Sink area to gather important data for drill hole targeting.
This initiative aims to explore what could be the only viable lithium brine district outside of Clayton Valley. The surveys will support the company's expanded lithium brine exploration and provide targets for the maiden drilling program. Apex will announce final geophysical results and approximate drill targets once data compilation and interpretation are complete, followed by permitting procedures.
The survey methods include:
- Gravity surveying: A passive method measuring Earth's gravitational field variations to detect subsurface density contrasts
- HSAMT: An electromagnetic survey combining natural-source magnetotelluric signals with controlled-source transmitters for enhanced signal strength
Apex Resources Inc. (TSXV: APX) (OTC Pink: SLMLF) has appointed William (Bill) Feyerabend as Senior Advisor. Feyerabend is a Certified Professional Geologist with extensive experience in lithium brine projects across Nevada, California, Utah, and Argentina. He has authored over 45 technical reports across six countries and specializes in Nevada's Clayton and Fish Lake Valleys.
The company also announced a non-brokered private placement to raise up to $750,000 by offering 15,000,000 units at $0.05 per unit. Each unit includes one common share and one warrant exercisable at $0.10 for two years. The warrant expiry can accelerate if shares trade at or above $0.20 for 10 consecutive days. Proceeds will fund company projects and working capital. Directors and officers may participate in the financing, which requires TSX Venture Exchange approval.
Apex Resources (TSXV: APX, OTC: SLMLF) has initiated geophysical and geological studies at its Lithium Creek Project in Churchill County, Nevada. The company plans to conduct magnetotelluric (MT) and seismic surveys across strategic locations to refine lithium brine reservoir targets. The new data will complement existing geophysical survey reinterpretation. Drill targets will be selected based on combined geophysical surveys and previous shallow ground water sampling results. Apex will pursue permitting simultaneously with drill site selection.
Apex Resources has expanded its Lithium Creek Project in Churchill County, Nevada by staking 176 additional placer mining claims (3,520 acres). Recent groundwater sampling revealed promising lithium concentrations, with nearly half of the samples exceeding 50 mg/L and reaching up to 393 mg/L. This expansion increases the project's total land position from 4,720 to 8,240 acres in the Fernley, Carson, and Humboldt Sinks. The company believes these results indicate potential for large-scale lithium enriched brine aquifers in the region.
Apex Resources Inc. (TSXV: APX) has announced analytical results from fluid samples collected at its Lithium Creek Project in Churchill County, Nevada. The project covers approximately 4,720 acres within the Fernley and Carson Sinks. Lithium values in the samples ranged from 393 mg/L to 4.65 mg/L, with 55% of samples exceeding 50 mg/L. Samples were collected from shallow hand-augured test holes, a historic well, and Lithium Creek.
The results indicate the potential for regional large-scale lithium-enriched brine aquifers or reservoirs at the project. Most shallow groundwater encountered in the playa sediments is classifiable as lithium-brines. A total of 25 fluid samples were analyzed by Western Environmental Testing Laboratory in Sparks, Nevada, using EPA Method 200.7 for total metals analysis.
Apex Resources Inc. (TSXV: APX) has received preliminary analytical results from shallow groundwater samples collected at its Lithium Creek Project in Churchill County, Nevada. The results provide compelling evidence of a large lithium-enriched brine aquifer at the project site. Samples were collected from shallow hand-dug auger holes excavated 1-2 meters below ground surface throughout the project area.
Ron Lang, CEO of Apex Resources, expressed enthusiasm about the high lithium concentrations found in the samples, stating that it supports the company's mission to explore for a potential new, district-scale lithium brine reservoir in the United States. The company plans to use this data to support the continued development of its geological model.
The sampling was conducted by a third-party consulting geologist from Applied Hydrologic in Reno, Nevada, following their sampling and analytical work plan. Apex will be attending the Nevada Lithium Summit 2024 from September 29-30 to profile the company and its lithium brine discovery.