Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Apex Resources ( (TSE:APX) ) just unveiled an announcement.
Apex Resources Inc. announced it will not proceed with a further tranche of previously announced non-brokered financing but plans to raise up to $250,000 through a new non-brokered flow-through financing. This financing will involve the issuance of flow-through units, each consisting of a flow-through share and a half warrant, with the proceeds intended for Canadian exploration expenses. The announcement reflects Apex’s strategic focus on securing funds for exploration activities, potentially impacting its operational capabilities and positioning within the exploration sector.
More about Apex Resources
Apex Resources Inc. is a Vancouver-based exploration company with a portfolio of precious and critical minerals projects and historic mines located in the United States and Canada. The company owns the Jersey-Emerald Property, which includes the historic Jersey Lead-Zinc Mine and the Emerald Tungsten Mine in British Columbia. Apex’s flagship project, the Lithium Creek Project, is strategically located near Reno, Nevada, and is close to the North American battery hub, including the Tesla Gigafactory.
Average Trading Volume: 47,007
Technical Sentiment Signal: Sell
Current Market Cap: C$4.32M
For a thorough assessment of APX stock, go to TipRanks’ Stock Analysis page.