Apex Mobilizes First Drill Rig to The Rift Rare Earth Project in Nebraska, U.S.A.

Core Viewpoint - Apex Critical Metals Corp. has commenced its inaugural drill program at the Rift Rare Earth Project in Nebraska, marking a significant milestone in the company's exploration efforts for critical and strategic metals [1][4]. Group 1: Drill Program Details - The first drill rig has arrived and is being assembled at the Rift Rare Earth Project, with site preparation activities ongoing to support drilling operations [2][3]. - The Phase I drill program aims to verify and expand on previously defined rare earth mineralization, covering 850 meters in the southeastern portion of the project [3]. - The drilling strategy is supported by a modern 3D geological model incorporating geophysical, geochemical, and historical drilling data [3]. Group 2: Company Developments - CEO Sean Charland emphasized that the arrival of the drill rig will significantly raise awareness of the Rift Rare Earth Project and accelerate the path towards establishing a maiden mineral resource [4]. - A second drill rig is expected to arrive soon, with the company planning to provide periodic updates on the drilling program's progress [4]. Group 3: Share Units Grant - The company has granted 750,000 restricted share units (RSUs) to a director, with vesting scheduled over two years [5][6]. - Each vested RSU entitles the holder to receive one common share, subject to a four-month hold period from the issuance date [6]. Group 4: Company Background - Apex Critical Metals is focused on advancing rare earth element and niobium projects to meet the growing demand for critical metals in North America [8][11]. - The flagship Rift Project is located within the Elk Creek Carbonatite Complex, known for its high-grade rare earth mineralization, with historical drilling reporting significant intercepts [8][10].