Apex Critical Metals Initiates Key Drilling Campaign in Nebraska

The exploration phase for Apex Critical Metals is set to transition into a definitive new stage. The Canadian critical minerals explorer has confirmed that its inaugural drilling program at the Rift Project in Nebraska will commence before the end of January 2026. The focus now shifts from planning to execution, with the core objective of validating historically reported high-grade rare earth element mineralization.

On January 12, 2026, Apex announced the formal engagement of Boart Longyear as its drilling contractor. This selection is viewed as a strategic move, leveraging the contractor’s recent, direct experience. Boart Longyear has just completed a program at the neighboring Elk Creek project operated by NioCorp Developments, giving it firsthand knowledge of the Elk Creek Carbonatite Complex's geology.

The planned campaign involves approximately 8,000 meters of drilling across 10 to 15 holes. The company will utilize LF160 diamond drill rigs to obtain precise core samples. All necessary permits are secured, and logistical preparations are finalized.

The Rift Project covers roughly 3,500 acres and encompasses a portion of the Elk Creek Carbonatite Complex—an area with a substantial drilling history. Previous exploration work was conducted by Molycorp between 1973 and 1986, followed by later programs from Quantum Rare Earth Developments (2010-2011).

Historical drill results from these past campaigns indicate significant potential, including intercepts such as:
* 155.5 meters grading 2.70% Total Rare Earth Oxides (TREO) from a depth of 149.4 meters in hole EC-93.
* 236.19 meters at 2.10% TREO in hole NEC11-004.
* Higher-grade zones within broader mineralization, including 68.2 meters of 3.32% TREO.

Should investors sell immediately? Or is it worth buying Apex Critical Metals?

A Dual-Project Strategy for Critical Materials

As activity ramps up in Nebraska, Apex continues to advance its second asset, the Cap Project in British Columbia. A 2025 drilling program there confirmed a niobium discovery, intersecting 0.59% Nb₂O₅ over 36 meters. This included a higher-grade section of 1.08% Nb₂O₅ over 10 meters within a 1.8-kilometer-long trend.

This dual-project approach positions the company in two distinct critical mineral sectors: rare earth elements in the United States and niobium in Canada. Both commodities are considered essential for clean energy technologies and are tied to national security interests.

Strong Financial Position to Fund Exploration

The company is well-funded to execute its plans. In October 2025, Apex closed a private placement raising CAD $10 million. These proceeds are allocated to advancing exploration at both projects. As of January 2026, the company holds a robust cash position of CAD $14.76 million, with 78.5 million shares outstanding.

Apex's equity has seen considerable appreciation in recent weeks, with shares currently trading at CAD $3.50. This gives the company a market capitalization of approximately CAD $275 million.

Anticipated Milestones on the Horizon

Initial assay results from the Rift Project drilling are anticipated in the first or second quarter of 2026. This data will form the foundational basis for a potential maiden resource estimate for the project. Concurrently, Apex is pursuing a NASDAQ listing to enhance its visibility and accessibility for U.S.-based investors.