Apogee Minerals Closes Non-Brokered Private Placement Financing
Suite 1030 - 505 Burrard Street, Vancouver, BC, Canada, V7X1M5
TSX-V Trading Symbol: APMI
Email: [email protected]
Telephone: (604) 558-5847
Facsimile: (604) 687-3119
May 6th, 2026
News Release
Apogee Minerals Closes Non-Brokered Private Placement Financing
May 6 , 2026 , Vancouver, British Columbia – Apogee Minerals Ltd. (“Apogee” or the
“Company” or the “Optionee”) (TSXV: APMI) announces that, further to its news release dated
April 27, 2026, it has closed a non-brokered private placement financing of 54,875,000 units at a
price of $0.05 per unit (the “Units”) for gross proceeds of $2,743,750 (the “Offering”).
Each Unit consists of one common share and one transferrable common share purchase warrant
(a “Warrant”). Each Warrant entitles the holder thereof to purchase one additional common share
in the capital of the Company at $0.075 per share for four (4) years from the date of issue.
In connection with the closing of the Offering, the Company paid $1,600 to an arm’s -length
finder. The use of proceeds from the Offering will be used for general working capital and
exploration expenditures in Saskatchewan. The Units issued pursuant to the Offering are
subject to a four-month and one day hold period from the date of issuance under applicable
Canadian securities laws.
Certain related parties of the Company participated in the Offering. The issuance of Units related
parties is considered to be a related party transaction within the meaning of TSX Venture
Exchange Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders
in Special Transactions ("MI 61-101"). The Company has relied on the exemptions from the formal
valuation and minority shareholder approval requirements of MI 61 -101 (and Policy 5.9) as the
fair market value of the Units issue d to such persons does not exceed 25% of the Company’s
market capitalization.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state
securities laws and may not be offered or sold within the United States or to or for the account or
benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless
registered under the U.S. Securities Act and applicable state securities laws or an exemption from
such registration is available.
About Apogee Minerals Ltd.:
Apogee Minerals Ltd. is a mineral exploration company. Our goal is to build shareholder value
through mineral project acquisitions and advancement, as well as new mineral discoveries.
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To find out more about Apogee Minerals Ltd. (TSX-V: APMI) visit the Company’s website:
www.apogeemineralsltd.com
Apogee Minerals Ltd.
“Tim Fernback”
Tim Fernback
Interim CEO and Director
For further information, please contact:
Apogee Minerals Ltd.
Nicholas Coltura, Director
Email: [email protected]
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of
the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statements Regarding Forward-Looking Information:
This release includes certain statements that may be deemed to be "forward -looking
statements". All statements in this release, other than statements of historical facts, that address
events or developments that management of the Company expects, are forward -looking
statements. Although management believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ materially from those in the forward-
looking statements. The Company undertakes no obligation to update these forward -looking
statements if management's beliefs, estimates or opinions, or other factors, should change.
Factors that could cause actual results to differ materially from those in forward -looking
statements, include market prices, explorat ion and development successes, continued
availability of capital and financing, and general economic, market or business conditions. Please
see the public filings of the Company at www.sedarplus.ca for further information.