Apex Critical Metals Races Toward 2027 Resource Estimate with Expanded Drilling and Metallurgical Studies
05.06.2026 - 06:06:33 | boerse-global.de
Apex Critical Metals is pushing hard on two fronts at its Rift rare earths project in Nebraska, combining an accelerated drilling campaign with the first detailed mineralogical analysis of the deposit. The Canadian explorer has already logged 12,000 metres of drilling — 50% more than originally planned for this stage — and is now targeting up to 25,000 metres by September 2026. The ultimate prize: a maiden mineral resource estimate in the first half of 2027.
The company confirmed on 3 June 2026 that the expansion was backed by fresh capital. A day earlier, it closed a private placement that raised roughly C$15 million in gross proceeds. Canaccord Genuity and Red Cloud Securities acted as co-leads, placing 7,895,000 units at C$1.90 each, with each unit comprising one common share and one warrant. The funds fully cover the extended drill programme and the new batch of metallurgical work.
That work has now been handed to two specialist laboratories. Activation Laboratories (Actlabs) will conduct X-ray diffraction analysis, while SGS Lakefield will perform a Tescan Integrated Mineral Analysis (TIMA) to identify the primary rare earth mineral phases and grain size distributions in both the Trinity and Neo zones. Without this mineralogical data, no viable processing route can be developed — so the results will be critical for any future flow sheet.
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Drilling itself is designed to systematically expand known mineralisation. Step-out holes along strike, down-dip extensions, and selected infill drilling will thicken the data set for the forthcoming resource estimate. The company says the programme is already well ahead of its original pace, and the September target of 22,000–25,000 metres is described as a “stretch goal” that remains achievable.
Strategically, Apex positioned itself early this year by joining the US Defence Industrial Base Consortium. That membership ties the Nebraska project directly into American military supply chains, which are urgently looking for domestic sources of niobium and rare earths. The geopolitical tailwind is clear, but so far it hasn’t filtered through to the share price.
The stock has taken a beating over the past month, losing roughly a quarter of its value. At the time of writing, it was trading around the €1.00 mark — down 66% from the 52?week high of €3.00 set in October 2025. Technical indicators point to oversold conditions: the relative strength index is at 28.5 according to one measure, and 31.2 by another. That suggests selling pressure may be exhausted, but the market remains sceptical of junior rare earth explorers in general.
Apex’s next test will be whether the accelerated drilling and clear timeline for a resource estimate can win back investor confidence. With 25,000 metres of drill results expected to flow in over the coming months, the data set itself will have to do the talking — and the company is betting it will speak loudly enough to turn the stock around.
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