Apex’s rare earth assays elevate Rift among US projects
Highlights from the latest drilling include 10.2 metres grading 5.27% TREO from 178.6 metres depth.
Apex Critical Metals has discovered high-grade rare earth mineralization at its Rift project in southeastern Nebraska, with multiple intercepts exceeding 4% total rare earth oxides (TREO). Notable findings include a 10.2-meter interval grading 5.27% TREO at 178.6 meters depth, and an 8-meter interval grading 4.48% REO at 273 meters depth.
These results are contained within mineralized intervals averaging about 150 meters with more than 2% TREO. CEO Sean Charland highlighted the "best grade x width results south of the discovery area" and expressed confidence in the shallow west-dipping Trinity Zone, which could lead to a strong inaugural mineral resource estimate in early 2027.
The discovery positions Rift among the higher-grade rare earth projects in North America, similar to NioCorp Developments' niobium project in the Elk Creek district. While the project has yet to publish an initial resource, the repeated intercepts of over 2% REO over broad widths support its scale. Shares in Apex Critical Metals rose 7.6% to $1.28 per share by mid-Wednesday, valuing the company above $123 million, with a 52-week trading range of $1.02 to $4.95.
Apex's drilling efforts continue to expand the mineralization footprint within the Elk Creek carbonatite complex, targeting the discovery area for an initial resource estimate in Q1 2027.
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