Apex Resources Closes First Tranche of Financing, Aims for $750,000

Apex Resources ( (TSE:APX) ) has issued an announcement.

Apex Resources Inc. has successfully closed the first tranche of its non-brokered financing, raising $190,000 through the issuance of 3,800,000 units. Each unit consists of a common share and a warrant, allowing the purchase of an additional share at $0.10. The company plans to continue the financing to raise up to $750,000, which is subject to exchange approval. This financing initiative supports Apex’s operational funding and may enhance its market positioning by advancing its exploration projects.

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 is publicly traded under the symbols ‘APX’ on the TSX Venture Exchange and ‘SLMLF’ on the OTC Pink. Apex has an option to acquire the Lithium Creek Project, a large-scale exploration project near Reno, Nevada, which has not been previously explored or drill tested for lithium brines.

YTD Price Performance: 13.33%

Average Trading Volume: 26,474

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$4.19M

For a thorough assessment of APX stock, go to TipRanks’ Stock Analysis page.