Apex Critical Metals Completes CAD 1.5 Million Flow-Through Private Placement
Vancouver, BC, February 21, 2025 – Apex Critical Metals Corp. (CSE: APXC) (OTCQB: APXCF) (“Apex” or the “Company”), is thrilled to share that it has successfully closed a non-brokered private placement. The offering saw the issuance of 1,530,612 flow-through common shares (each, an “FT Share”) at a price of CAD 0.98 per FT Share, raising gross proceeds of CAD 1,499,999.76.
Flow-Through Shares: What Does It Mean?
Flow-through shares are a type of common shares issued by a mining corporation in Canada, allowing investors to claim tax benefits. These shares are specifically used to finance “Canadian exploration expenditures” (CEEs), as defined under the Income Tax Act (Canada) and the Taxation Act (Québec).
How Apex’s Private Placement Impacts Apex
The successful completion of this private placement will significantly strengthen Apex’s financial position. The proceeds from the offering will be allocated towards the Company’s ongoing exploration efforts, contributing to the advancement of its critical metals projects in British Columbia and Quebec. This investment in exploration activities is expected to generate valuable discoveries, leading to increased shareholder value and potential growth opportunities for Apex.
Global Impact: The Role of Critical Metals in a Sustainable World
The mining industry plays a crucial role in the global economy, particularly in the production of critical metals. These metals, such as lithium, cobalt, and rare earth elements, are essential for various industries, including technology, automotive, and renewable energy. The increased demand for these metals is driven by the growing adoption of electric vehicles and renewable energy technologies.
Apex’s successful private placement is a positive sign for the critical metals sector. The funds raised will contribute to the exploration and discovery of new deposits, ensuring a steady supply of these critical metals. This, in turn, supports the transition towards a more sustainable future, powered by clean energy and advanced technologies.
Conclusion
Apex Critical Metals’ successful completion of a CAD 1.5 million flow-through private placement marks an important milestone for the Company. The proceeds from this offering will be allocated towards the exploration of critical metals projects, contributing to the advancement of the sector and the transition towards a more sustainable future.
- Apex Critical Metals completes CAD 1.5 million flow-through private placement
- Proceeds to be allocated towards exploration efforts
- Strengthens Apex’s financial position
- Positive sign for the critical metals sector
- Contributes to a more sustainable future
