William Feyerabend Brings Extensive Lithium Brine Expertise to Apex
William Feyerabend Brings Extensive Lithium
Brine Expertise to Apex
Vancouver, British Columbia--(Newsfile Corp. - January 3, 2025) - Apex Resources Inc. (TSXV: APX)
(OTC Pink: SLMLF) ("Apex" or the "Company") is pleased to announce that William (Bill) Feyerabend,
an accomplished geologist, joins the Company as Senior Advisor.
Mr. Feyerabend is a Certified Professional Geologist with extensive experience in generating, exploring
and developing lithium brine projects in Nevada, California, Utah, and Argentina. He has authored over
45 technical reports for properties across six countries on four continents, including claim blocks in
Nevada's Lithium development epicentre, the Clayton and Fish Lake Valleys. His expertise in lithium
exploration began in 2015, with a specific focus on Esmeralda County, Nevada and especially Clayton
Valley.
Mr. Feyerabend also serves as a Qualified Person for lithium projects, held positions with US Borax and
Gold Fields Mining which gave him the discovery and development experience that has served through
four significant mineral projects. Mr. Feyerabend has worked at every level, from property examination
and regional planning to discovery and development, and continued exploration on producing properties.
Ron Lang, CEO of Apex, commented, "Bill's extensive experience with and knowledge of lithium brine
projects, especially in Nevada, make him a great addition to the Apex team. We look forward to his
contributions as we remain collectively focused on delivering value for our shareholders and other
stakeholders while executing our strategy at our Lithium Creek Project."
Other Corporate Update:
The Company plans to complete a non-brokered private placement financing of up to 15,000,000 units
at a price of $0.05 per unit (the "Unit") for gross proceeds of up to $750,000 (the "Financing"). Each Unit
is comprised of one Apex common share and one share purchase warrant (the "Warrant"). Each
Warrant will be exercisable to acquire one Apex common share at an exercise price of $0.10. The
Warrants will have an expiry date of two years from the date of issue (the "Expiry Date"). 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 four months plus one day after the issue date, the Company may, at its option, accelerate
the Expiry Date 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.
Proceeds from the Financing will be used to fund the Company's projects and for general working capital
purposes. The Company reserves the right to accept additional funds, subject to regulatory approval,
should the Financing be oversubscribed.
Directors and officers of the Company may acquire securities under the Financing, which participation
would be considered to be a "related party transaction" as defined under Multilateral Instrument 61-101
("MI 61-101"). Such participation is expected to be exempt from the formal valuation and minority
shareholder approval requirements of MI 61-101.
The Financing is subject to TSX Venture Exchange approval. All shares issued pursuant to this offering
and any shares issued pursuant to the exercise of warrants will be subject to a four-month and one day
hold period from the closing date.
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 OTC Pink.
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 km2) 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. 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.
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https://www.newsfilecorp.com/release/235929