Apex Critical Metals closes offering and starts trading on Nasdaq
Canadian explorer Apex Critical Metals closed a $1.86 million US offering and began trading its ADSs under APXC on the Nasdaq Capital Market.
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what happened
Apex Critical Metals Corp., a rare earth exploration company, has closed its underwritten public offering in the United States. Investors were offered 400,000 American Depositary Shares at US$4.65 each, bringing gross proceeds to US$1.86 million before underwriting discounts and expenses.
The ADSs began trading on the Nasdaq Capital Market under the symbol APXC on the same day. The underwriter holds a 45-day option to buy up to 60,000 more ADSs. Maxim Group LLC acted as sole book-running manager. The company plans to use the proceeds for working capital and general purposes, including its ongoing drill program at the Rift Rare Earth Project in Nebraska.
According to the company's press release, the offering was made under a shelf registration on Form F-10 that took effect on August 13, 2026.
why it matters
The deal is small and involves an exploration-stage company, so its reach beyond rare earth specialists is limited. For investors following the sector, it shows that the company can still raise capital on a US exchange to fund drilling.
market impact
Rare earth projects: a small capital inflow for one explorer, with minimal effect on the wider market
tags
instruments
sources
- Apex Closes Offering and Completes NASDAQ Listing — accessnewswire.com, 23 October 2026 at 19:55 UTC
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