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Apex Advances Phase I Drilling at Nebraska Rift Rare Earth Project

Story Highlights
  • Apex Critical Metals has passed the halfway mark in its Phase I drilling at the Rift Rare Earth Project, consistently intersecting targeted carbonatite units to refine its geological model.
  • With samples sent for analysis and Phase I drilling set to conclude in April, Apex aims to use pending assay results to evaluate the Rift Project’s rare earth potential and plan next exploration steps.
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Apex Advances Phase I Drilling at Nebraska Rift Rare Earth Project

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Eagle Bay Resources Corp. ( (TSE:APXC) ) has issued an announcement.

Apex Critical Metals has advanced its Phase I drill program at the Rift Rare Earth Project in Nebraska, completing six drill holes and progressing two more for a total of 5,175 metres, surpassing half of the planned meterage. Drill holes have consistently intersected the targeted carbonatite host rock over significant intervals, and the company is using detailed core logging, portable XRF, and televiewer surveys to refine its geological model and structural understanding.

Samples from the program have been shipped to Activation Laboratories for geochemical analysis, with initial assay results pending and expected to guide further exploration. The Phase I program, focused on testing continuity and extent of carbonatite-hosted rare earth mineralization over an 850-metre priority trend, is slated to conclude in April, positioning Apex to assess the potential for a new domestic rare earth deposit near NioCorp and influence its next-stage exploration strategy.

More about Eagle Bay Resources Corp.

Apex Critical Metals Corp. is a Canadian mineral exploration company focused on identifying and developing critical and strategic metals, with a key emphasis on rare earth elements in North America. The company’s flagship asset includes the 100%-controlled Rift Rare Earth Project within the Elk Creek Carbonatite Complex in southeastern Nebraska, adjacent to existing rare earth development efforts.

Average Trading Volume: 82,051

Technical Sentiment Signal: Hold

Current Market Cap: C$157.2M

Learn more about APXC stock on TipRanks’ Stock Analysis page.

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