Apex Closes $400,000 Financing
Apex Closes $400,000 Financing
Vancouver, British Columbia--(Newsfile Corp. - September 3, 2025) - Apex Resources Inc. (TSXV:
APX) (OTCID: SLMLF) ("Apex" or the "Company") is pleased to announce that further to its news
release dated July 25, 2025, it has closed the first tranche (the "
First Tranche
") of its non-brokered
financing (the "
Financing
") with the issuance of 8,000,000 non-flow-through units (the "
NFT Units
") at a
price of $0.05 per NFT Unit for gross proceeds of $400,000.
Each NFT Unit is comprised of one common share of the Company and one-half (1/2) non-transferrable
common share purchase warrant (a "
Warrant
").
Each whole Warrant entitles the holder to purchase one
additional common share of the Company (a "
Warrant Share
") at a price of $0.10 per Warrant Share
for a period of two years expiring on August 29, 2027 (the "
Expiry Date
"), subject to the Acceleration
Provision (as defined below).
If at any time prior to the Expiry Date, the Company's common shares trade at or above a price of $0.20
per common share on the TSX Venture Exchange (the "
Exchange
") for a period of 10 consecutive
trading days commencing on December 31, 2025, the Company may, at its option, accelerate the expiry
of the Warrants by issuing a press release announcing such acceleration (the "
Acceleration Press
Release
"), and, in such case, the Expiry Date shall be deemed to be the 30th day following the date of
issuance of the Acceleration Press Release (the "
Acceleration Provision
").
The securities issued pursuant to the First Tranche are subject to a four-months and one day hold period
expiring December 30, 2025.
Certain insiders of the Company acquired $150,000 of the Financing and as such a portion of the
Financing is considered a related party transaction as defined in the Exchange's Policy 5.9 and
Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("
MI 61-
101
"). The Company is relying upon the exemption from the formal valuation and minority shareholder
approval requirements of MI 61-101 as neither the fair market value of the shares subscribed for, nor the
consideration paid for the shares, exceeds 25% of the Company's market capitalization.
Proceeds from the First Tranche will be used to fund the Company's projects and for general working
capital purposes. No finder's fees were paid in connection with the closing of the First Tranche.
The Company intends to continue with the remainder of the Financing as announced on July 25, 2025.
Completion of subsequent tranche(s) of the Financing remains subject to approval by the Exchange and
all securities issued under any subsequent tranche(s) will be subject to a four month and one day hold
period calculated from the date of closing of such subsequent tranche(s).
This news release does not constitute an offer to sell or a solicitation of an offer to sell 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 U.S. state
securities laws, and may not be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) absent registration
under the U.S. Securities Act and applicable state securities laws or an exemption from such
registration requirements is available.
About Apex Resources Inc.
Apex is a mineral exploration company engaged in the business of the acquisition, exploration and
development of mineral resource properties. Apex's common shares trade under the symbol "APX" on
the TSX-V & "SLMLF" on the OTCID.
Apex has an option to acquire the Lithium Creek Project (the "Project") 70 KM east of Reno, Nevada.
The Project is a new, district scale exploration project that has never been systemically explored or drill
tested for Lithium brines.
The Project covers approximately 8240 acres and adjacent lands within the aerially extensive Fernley
and Carson Sinks. These sinks have large expansive playas and lay within large hydrographic basins
with a combined area of approximately 1.4 million-acres.
The Project is located within 30 minutes of the Nevada lithium battery hub of the Tahoe-Reno Industrial
Center ("TRIC") via Interstate Highway I-80, and is ideally located and supported by extensive
infrastructure to include existing roads, railroad access, fiber optics and geothermal power.
TRIC is a privately owned 107,000-acre (167 sq mi; 430 km
2
) industrial park, located in Storey County,
east of Reno, Nevada. The center is the largest in the United States (third largest in the world) and is
home to more than a hundred companies and their warehouse logistics centers and fulfillment centers
such as PetSmart, Home Depot, Walmart and others. The Gigafactory Nevada was built there to serve
Tesla, Inc. and Panasonic.
On Behalf of the Board of Directors of
Apex Resources Inc.
Ron Lang,
President & CEO
Ph. +1(250) 212-7119 or
website:
www.apxresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term in defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
press release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This news release may
contain forward-looking information within the meaning of applicable securities laws ("forward-looking
statements"). Forward-looking statements are statements that are not historical facts and are generally,
but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends,"
"estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would,"
"may," "could" or "should" occur, including but not limited to, closing of subsequent tranche(s) of the
Financing. These forward-looking statements are subject to a variety of risks and uncertainties which
could cause actual events or results to differ materially from those reflected in the forward-looking
statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related
to raising sufficient financing to fund exploration work in a timely manner and on acceptable terms;
changes in planned work resulting from weather, logistical, technical or other factors; the possibility that
results of work will not fulfill expectations and realize the perceived potential of the Project; risk of
accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions;
the possibility of cost overruns or unanticipated expenses in conducting work programs; the risk of
environmental contamination or damage resulting from Apex's operations and other risks and
uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may
be required by applicable securities laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future events or results or otherwise.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/264929