Apex Critical Metals Nears Key Drilling Milestone at Nebraska Rare Earths Project

Exploration company Apex Critical Metals has cleared a major regulatory hurdle, securing the final permit required to commence drilling at its Rift rare earths project in Nebraska. This authorization from state officials paves the way for the inaugural drill program, which management has scheduled to begin within the current quarter.

The Nebraska Department of Water, Energy and Environment (NDEE) has formally approved exploration activities within the Elk Creek Carbonatite Complex. This decision removes a significant administrative barrier for the junior explorer. The project encompasses approximately 3,500 acres in a region considered geologically prospective for rare earth elements.

Historical drilling data provides a foundation for the upcoming campaign. One notable intercept from past work reportedly showed 2.70% total rare earth oxides (REO) over a 155.5-meter section. The company has outlined plans to mobilize equipment and initiate the drill program specifically in the first half of Q1 2026.

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Market Reaction and Next Steps for Investors

The news prompted a positive market response, with the company's shares advancing approximately 3 percent to €1.70 in European trading. The stock is also quoted on Canadian exchanges at around CAD 2.60.

With the permitting risk now eliminated, the focus shifts squarely to operational execution. The immediate catalyst for the market is the physical commencement of drilling, which represents the next tangible milestone. Consequently, investor attention will be on management's ability to adhere to the announced timeline and deliver fresh core samples for assay. While the administrative process is complete, the project still carries inherent execution risk as it moves into this active phase.