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An announcement from Apex Resources ( (TSE:APX) ) is now available.
Apex Resources Inc. has successfully closed the first tranche of its non-brokered financing, raising $400,000 through the issuance of 8,000,000 non-flow-through units. The proceeds will be used to fund the company’s projects and for general working capital. The financing includes a related party transaction, and the securities are subject to a hold period. This move is expected to support Apex’s ongoing exploration activities and strengthen its position in the mineral exploration industry.
More about Apex Resources
Apex Resources Inc. is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties. The company’s shares are traded on the TSX-V under the symbol ‘APX’ and on the OTCID as ‘SLMLF’. Apex has an option to acquire the Lithium Creek Project located 70 kilometers east of Reno, Nevada, which is a district-scale exploration project for lithium brines. The project is strategically located near the Nevada lithium battery hub and is supported by extensive infrastructure.
Average Trading Volume: 38,350
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$3.33M
Find detailed analytics on APX stock on TipRanks’ Stock Analysis page.