CA Market News
2週前
Apex Resources Adopts Semi-Annual Financial ReportingMay 26, 2026 6:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 26, 2026) - Apex Resources Inc. (TSXV: APX) (OTCID: SLMLF) ("Apex" or the "Company") announces that it has elected to adopt semi-annual financial reporting ("SAR") in reliance on the Coordinated Blanket Order 51-933 – Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the "Blanket Order"), issued by the Canadian Securities Administrators. The Blanket Order is a pilot program which permits eligible venture issuers listed on the TSX Venture Exchange (the "TSXV") to voluntarily move from quarterly to semi-annual financial reporting. The Company confirms that it meets the eligibility criteria under the Blanket Order. By adopting SAR, the Company aims to reduce the administrative and financial burden associated with quarterly reporting.As a result of this election, the Company will file interim financial reports and related management's discussion and analysis ("MD&A") on a semi-annual basis, rather than quarterly. The Company's fiscal year-end is December 31, and it will continue to file annual audited financial statements (due within 120 days of December 31). The Company will continue to remain subject to timely disclosure requirements and will continue to report all material changes and significant developments in accordance with National Instrument 51-102 – Continuous Disclosure Obligations.Under the Blanket Order, the Company will be exempt from filing interim financial reports and related MD&A for its three-month and nine-month interim periods. The Company will not file quarterly interim financial reports or related MD&A for the three-month period ending March 31, 2026 and the nine-month period ending September 30, 2026, and all subsequent periods ending March 31 and September 30. The Company will file its next interim financial report and related MD&A for the six-months ended June 30, 2026 (due within 60 days of June 30, 2026). This news release is being issued and filed pursuant to the Blanket Order.About Apex Resources Inc.Apex is a Vancouver-based exploration company with a suite of precious and critical minerals projects and historic mines located in the United States and Canada.The Jersey-Emerald Property encompasses the historic Jersey Lead-Zinc Mine - British Columbia's second largest historic zinc mine, and the Emerald Tungsten Mine - Canada's second largest historic tungsten mine, both located in southern British Columbia. The Lithium Creek Project is Apex's flagship project with placer claims covering hundreds of square miles within the aerially extensive Fernley, Humboldt, and Carson Sinks, and includes widespread naturally flowing lithium brine groundwater. The Lithium Creek Project is strategically located near the City of Reno and within 40 minutes of the principal North American battery hub, hosting the Tesla Gigafactory and other key industry players in the Lithium Ion battery supply chain.On Behalf of the Board of Directors of Apex Resources Inc.
Ron Lang,
President & CEOPh. +1 (250) 212-7119 or info@apxresources.com website: www.apxresources.comNeither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298834 Original: Apex Resources Adopts Semi-Annual Financial Reporting
CA Market News
3週前
Apex Resources Grants Option to Fortress Strategic Metals to Explore and Mine Tungsten Zones in The Jersey-Emerald Project in BC and Appointment of OfficerMay 19, 2026 9:11 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 19, 2026) - Apex Resources Inc. (TSXV: APX) (OTCID: SLMLF) ("Apex" or the "Company") is pleased to announce that on May 15, 2026, it entered into a mining option agreement (the "Option Agreement") with Fortress Strategic Metals Corp. ("Fortress"), a private company at arm's length to the Company, pursuant to which the Company has agreed to grant to Fortress the exclusive option (the "Option") to earn, in stages, up to a one-hundred percent (100%) undivided interest (the "Interest") in and to eighteen (18) crown granted mineral claims, one (1) four post claim, one (1) two post claim and two (2) located mineral claims (the "Mineral Claims") forming part of the Company's "Jersey-Emerald Project" located near Salmo, British Columbia, solely for the purpose of conducting exploration and mining operations on the Tungsten Zones (as described below) within the Mineral Claims (the "Transaction"). Fortress' rights under the Option Agreement are limited exclusively to the Tungsten Zones, and the Company retains all rights to access, explore, develop, and mine the Non-Tungsten Areas (as that term is described in the Option Agreement) at all times.The Tungsten Zones encompass the Emerald Tungsten Deposit, the East Emerald Tungsten Deposit, the Dodger Tungsten Deposit, the Dodger "D" Deposit, the Invincible Tungsten Deposit and the Feeney Tungsten Deposit, all located within the Mineral Claims and as further described in section 7.3.1 of the technical report entitled "NI 43-101 Resource Estimate for the Jersey-Emerald Project", a technical report prepared in compliance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), with an effective date of July 26, 2021 (the "Tungsten Zones").Terms of the Option AgreementPursuant to the Option Agreement, Fortress may exercise the Option in three stages as follows: Fortress has the right to acquire an undivided 25% Interest (the "Phase I Option") by: (i) issuing to the Company such number of common shares of Fortress (the "Fortress Shares") valued at $1,000,000 or, if the Fortress Shares are not then listed on an internationally recognized stock exchange (the "Listing"), special warrants of Fortress (the "Phase I Special Warrants") valued at $1,000,000, each of which Phase I Special Warrants being automatically converted for no additional consideration into one Fortress Share immediately upon completion of the Listing; and (ii) making a cash payment to the Company of $150,000, within fifteen business days of the date the TSX Venture Exchange (the "TSXV") has accepted for filing the Transaction ("TSXV Acceptance");Fortress has the right to acquire an aggregate 75% Interest (the "Phase II Option") by, on or before August 31, 2027 (subject to a 180 day extension upon payment of $500,000 to the Company): (i) becoming a reporting issuer under applicable securities laws of the jurisdiction in which the Fortress Shares are listed and having completed the Listing; (ii) completing an 8,000-metre diamond drilling program; (iii) completing and filing an independent technical report prepared in compliance with NI 43-101, containing a preliminary economic assessment in relation to the Tungsten Zones; and (iv) issuing to the Company such number of special warrants (the "Phase II Special Warrants") valued at $3,000,000 (or if the Listing is not complete, then as determined by the directors of Fortress, acting reasonably, after consultation with a nationally or internationally recognized and independent banker or firm of chartered accountants), with each Phase II Special Warrant automatically converting into one Fortress Share for no additional consideration immediately upon completion of the Phase III Option (as described below); andFortress has the right to acquire an aggregate undivided 100% Interest (the "Phase III Option", and upon exercise of the Phase III Option, the "Full Option Exercise") conditional on Fortress, on or before February 28, 2029 (subject to a one-year extension upon payment of $1,000,000 to the Company): (i) completing a feasibility study in accordance with NI 43-101; or making a bona fide decision to proceed with the construction and development of a mine on the Tungsten Zones for the purpose of placing the Tungsten Zones into Commercial Production (as that term is defined in the Option Agreement); and (ii) issuing to the Company Fortress Shares valued at $4,000,000 (or if the Listing is not complete, then as determined by Fortress's directors acting reasonably, after consultation with a nationally or internationally recognized and independent banker or firm of chartered accountants).In addition, Fortress shall, commencing on February 28, 2027, make annual payments of $50,000 to the Company until the earlier of the Full Option Exercise or termination of the Option Agreement, as further set out in the Option Agreement.Upon the Full Option Exercise, Fortress will have acquired a 100% Interest in the Mineral Claims for the sole purpose of conducting operations on the Tungsten Zones, free and clear of all encumbrances other than the Underlying Royalties (as that term is described in the Option Agreement), and subject at all times to the Reserved Rights and the Buyback Right (as those terms are described below) of the Company.Additionally, upon commencement of Commercial Production on the Tungsten Zones, Fortress will issue to the Company additional Fortress Shares valued at $6,000,000 and grant to the Company a 2.0% net smelter returns royalty (the "NSR Royalty"), one-half of which may be repurchased by Fortress after the first anniversary of Commercial Production of the Tungsten Zones for the greater of US$5,000,000 and the net present value of the foregone 1% royalty, calculated in accordance with the Option Agreement.Buyback RightThe Company retains a buyback right (the "Buyback Right"), exercisable for $1.00 within 180 days of becoming aware of a buyback trigger, including: (i) Fortress ceasing operations on the Tungsten Zones for three or more consecutive years after having achieved Commercial Production, other than as a result of a force majeure event; (ii) following Commercial Production, Fortress having put in place a non-compliant care-and-maintenance plan; (iii) an independent qualified person engaged by Apex having confirmed that Fortress has completed the mining and extraction of all commercially recoverable minerals from the Tungsten Zones, all commercial mining operations on the Tungsten Zones having permanently ceased, Fortress having formally commenced mine closure and reclamation activities, and no active processing, milling or related commercial infrastructure remaining in operation on the Tungsten Zones; (iv) the abandonment or surrender by Fortress of key permits; or (v) Fortress having failed to achieve Commercial Production within 36 months from the date of Full Option Exercise (subject to a single extension of up to 12 months provided that Fortress was diligently taking all actions to commence Commercial Production as quickly as possible).The Company's Reserved Rights in Non-Tungsten AreasNotwithstanding the Option, the Company has reserved and retained all rights in and to the Non-Tungsten Areas and all minerals and other resources contained therein (the "Reserved Rights"), including unrestricted access, exploration, development, extraction and third-party grant rights, without prior notice to or consent from Fortress.The Transaction is conditional upon receipt of TSXV Acceptance. The Company did not pay any finder's fees in respect of the Transaction.Appointment of OfficerThe Company also announces the appointment of Connor Malek as Vice-President, Exploration of Canadian Projects. Mr. Malek is currently the Vice President Exploration for Rokmaster Resources Corp. and has been active in mineral exploration for over 12 years. Following two years' experience in remote geochemical sampling and underground and open-pit gold production in Western Australia, Mr. Malek completed a B.Sc. (High Honors) in Geology from the University of Saskatchewan. Mr. Malek then assisted with the expansion of NexGen Energy`s Arrow uranium project before starting with a partner at First Geolas Consulting, where he worked for multiple mineral exploration companies while prospecting and developing exploration projects.About Apex Resources Inc.Apex is a Vancouver-based exploration company with a suite of precious and critical minerals projects and historic mines located in the United States and Canada.The Jersey-Emerald Property encompasses the historic Jersey Lead-Zinc Mine - British Columbia's second largest historic zinc mine, and the Emerald Tungsten Mine - Canada's second largest historic tungsten mine, both located in southern British Columbia. The Lithium Creek Project is Apex's flagship project with placer claims covering hundreds of square miles within the aerially extensive Fernley, Humboldt, and Carson Sinks, and includes widespread naturally flowing lithium brine groundwater. The Lithium Creek Project is strategically located near the City of Reno and within 40 minutes of the principle North American battery hub, hosting the Tesla Gigafactory and other key industry players in the Lithium Ion battery supply chain.About Fortress Strategic Metals Corp.Fortress Strategic Metals Corp. is a privately-held British Columbia company focused on the restart and development of polymetallic critical minerals projects in North America. Fortress owns the MAX Molybdenum Mine and Mill in British Columbia — a permitted, past-producing molybdenum operation with existing mine and mill infrastructure that has been maintained on care and maintenance — and, through the Option Agreement described herein, holds an option to earn into the tungsten zones of the Jersey-Emerald Project. The Company is led by an experienced team focused on advancing critical and strategic metals projects toward production.On Behalf of the Board of Directors of Apex Resources Inc.
Ron Lang,
President & CEOPh. +1(250) 212-7119 or info@apxresources.com website: www.apxresources.comNeither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297947 Original: Apex Resources Grants Option to Fortress Strategic Metals to Explore and Mine Tungsten Zones in The Jersey-Emerald Project in BC and Appointment of Officer
fishin100
11年前
I feel your pain 'Ebay', as I also invested heavy, very heavy. I think often of when the Mackenzie pipeline got approved and the share price went up to 0.17. I should have got out then, would have made out like a bandit. I, like you, held my shares expecting much higher rewards to come. As we all know, it never happened.
I'm probably more pissed then you are about being delisted. Our hands are tied, and we have no ability to sell the shares or even know if they still exist. What chokes me even more, is that I was solicited while we were delisted, to buy even more shares .... to help fund getting re-registered with the U.S. Securities and Exchange Commission. Of course, it never did happen, am glad I did not buy more.
I have no explanation for the situation we are in. If the parent company of the oil well had drilled, things would have been different. Even so, to voluntarily delist from trading .... makes no sense. I still believe the well and the potential exists, but have no faith that the ones who oversee our shares will take us there. They talked big about updating the filings, then as you said, disappeared.
I too hope they get what they deserve for taking us to where we are now. I wish I had never heard of Apex and apologize to all for posting anything positive on I-hub. I should have heeded the warnings from 'Patch' long ago and should have asked Mr. Big Shot for I.D. when I had the chance.
I agree 'E-bay', we got screwed.
fishin100
12年前
Massive Beaufort plan
JV reviewing program that could involve deepest well yet in Canadian Beaufort
Week of May 25, 2014
Imperial Oil, backed by its controlling shareholder ExxonMobil with BP Canada as a partner, is assembling one of the most comprehensive oil and natural gas exploration programs in Canadian history as it advances plans to drill in the Beaufort Sea.
A 455-page project description has been submitted to an Inuvialuit Environmental Impact Screening Committee for a joint venture drilling program that could involve the deepest offshore well yet drilled in the Arctic.
The proposal involves drilling one or more exploration wells about 75 miles northwest of the village of Tuktoyaktuk on the shores of the Beaufort.
The plan is to drill on Exploration Licenses 476 (Ajurak) and 477 (Pokak) where water depths range from about 200 feet to 5,000 feet, with an independent consultant calculating the well depth could reach 34,000 feet.
Imperial and ExxonMobil secured their EL in 2008 for a pledge to spend C$585 million, while BP made a successful bid of C$1.18 billion for its EL, with the three companies forming their joint venture in 2010.
ConocoPhillips, Chevron and Statoil are also engaged in weighing exploration programs in the Beaufort.
Environmental challenge
Imperial’s submission said the co-venturers believe their program can be “carried out in a safe and environmentally responsible manner,” a claim that environmentalists are gearing up to challenge, based partly on Imperial’s admission that it would be unable to stop an accidental blowout by drilling a relief well within the short summer drilling season.
The proposal now faces a multi-layered screening process that is targeted at starting the two-year drilling program in 2020.
In 2008 and 2009, 3-D seismic programs were conducted by Imperial and BP and over the 2009-11 period the three companies undertook field data collection studies in collaboration with ArcticNet.
The submission said historical data “indicates that the period of manageable ice conditions in the proposed development area is on average about 120 days from May to November.”
Imperial said it would use Inuvialuit “expertise and traditional knowledge of the area, particularly their understanding of sea state, ice conditions and wildlife” to build that information into a safe and environmentally responsible program.
One or more wells
The potential drilling schedule allows for one or more wells to be spudded in EL 477, assuming the joint venture can achieve a number of objectives including commitments in 2016-18 to a drilling system, including an array of ice-breaking support vessels.
If no further drilling is planned after the exploration well or wells once the two ELs have been drilled, the shore-based facility at Tuktoyaktuk could be returned to its pre-program condition and all remaining supplies, equipment and fuel would be shipped out of the Inuvialuit Settlement Region unless other arrangements were made.
The submission said the program design would draw on 90 years of experience by Imperial and ExxonMobil in working “safely and responsibly during drilling and production activities in the Arctic and global experience in operating in harsh offshore environments.”
Imperial reiterated that its “primary approach to well control is prevention.”
It said procedures would ensure that wells were “designed for the range of risk expected,” that equipment was inspected and maintained, operators were trained, tests and drills were conducted to verify personnel competence and that “adequate barriers and redundancy” were in place and tested to safely execute the work.
For the Beaufort, contingency plans would be developed for emergency response and oil spill response.
“Surface intervention would be the primary means of regaining well control and the fastest method to put in place,” the submission said. “Other effective same-well intervention methods including activating the subsea (blow-out preventer) stack, which is typically the first option for regaining well control.”
Drilling system evaluation
The project description said a number of drilling systems are being evaluated, including jack-up rigs, moored semi-submersible drilling units and drillships.
For water depths and conditions likely to be experienced in the Beaufort, a “floating drilling unit is the system of choice.”
Imperial said a key requirement of any drilling system is its ability to maintain its position at the well site locations, using either a moored drilling system that has anchors attached to the seafloor or a dynamic position using a computer-controlled system to automatically maintain the drilling unit’s position and heading by using its own propellers and thrusters.
Whatever drilling system is selected, it will “use proven technologies appropriate for the most severe conditions that could be experienced,” the submission said.
Multiple vessels would support the program, including support and supply vessels, fuel tankers and an ice-strengthened wareship (which would serve as an alternative supply base for a remote operation), all of them powered by diesel engines burning low sulphur diesel.
Imperial said the drilling unit and support vessels could mobilize from either Vancouver or Prince Rupert on the British Columbia coast, or from a port on Canada’s East Coast via the Northwest Passage.
http://www.petroleumnews.com/pntruncate/928913317.shtml
Glacierman
12年前
Alaska to Pay $5.75 Billion for Exxon LNG Project Stake (Will Harper change his mind about direct investment in MVP?)
Alaska plans to jump-start a $45 billion natural gas export project by pitching in more than 10 percent of the cost and joining Exxon Mobil Corp. (XOM), BP Plc (BP/), ConocoPhillips and TransCanada Corp. (TRP) as an equity partner.
The agreement between the state and the four companies outlines a framework in which Alaska would take as much as a 25 percent stake in a proposed gas processing plant, an 800-mile (1,287-kilometer) pipeline from Alaska’s North Slope and a liquefaction facility in the Kenai Peninsula.
Governor Sean Parnell has asked the Alaska legislature to approve the deal and give state agencies the ability to negotiate shipping and leasing arrangements, according to a statement released today by the Alaska Department of Natural Resources.
“This is the first time we’ve had all of the parties aligned on a path forward,” Joe Balash, the department’s commissioner, said in a phone interview today before the announcement. The deal gives the project a “good shot” at proceeding, he said.
The joint venture renews a prolonged effort to harvest Alaska’s vast reserves of gas, which have remained largely untapped since the 1968 discovery of the Prudhoe Bay oil field. The North Slope holds more than 35 trillion cubic feet of discovered gas, almost four times the U.K.’s reserves.
Gas shipments may begin as early as 2021, giving Alaska a foothold in an increasingly competitive race to supply Asian countries with liquefied natural gas, or LNG, from North America. ConocoPhillips has a small LNG export plant in Nikiski on the Kenai peninsula, the only such facility in the U.S.
Cost Estimates
Although the project is expected to cost $45 billion, the final bill could reach as much as $54 billion, according to a November 2013 Black and Veatch Ltd. study produced for the state. The producers estimated in a February 2013 letter to Parnell that the cost could reach $65 billion.
Under the terms of the agreement, Alaska will assume a 20 to 25 percent stake in the entire project. TransCanada has agreed to pay the state’s costs for its share in the $22 billion gas processing facility and pipeline in exchange for a lower tariff for shipping the gas. That would represent a $5.5 billion investment, Balash said.
The state would pay as much as $5.75 billion for its share of the $23 billion liquefaction facility, which would be capable of shipping 18 million metric tons of LNG a year. The producers would pay the remaining portion of the $45 billion total project cost, Balash said.
Fund Project
The equity stake will allow Alaska to help fund the project and control transportation costs, he said. Alaska may sell part of its stake in the project to a number of LNG buyers, allowing it to reduce what it owes for the liquefaction facility, Balash said.
The state’s project carries a higher price tag than similar efforts to export gas from the Canadian coast that could be finished as soon as 2018.
Petroliam Nasional Bhd., the Malaysian state energy company, is proposing to spend as much as $15 billion on a terminal and pipeline to export gas from a site near Prince Rupert, British Columbia, along Canada’s Pacific Coast.
Countries including Canada, the U.S. and Mozambique are competing for a share of global gas demand set to increase almost 50 percent by 2035, according to the International Energy Agency.
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