New Risk • May 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.0m free cash flow). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$5.00m market cap, or US$3.68m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Duyuru • Oct 15
Apex Resources Inc. announced that it has received CAD 0.25 million in funding On October 14, 2025, the Apex Resources Inc. closed the transaction. . Each NFT Warrant is exercisable to purchase one additional non-flow-through common share at CAD 0.10 for a period of two years expiring on October 10, 2027. In connection with the FT Financing, the Company paid cash finder's fees of CAD 17,500 and issued 250,000 finder's warrants. The securities issued pursuant to the FT Financing and Finder's Warrants are subject to a four-month and one day hold period expiring on February 11, 2026 New Risk • Sep 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$814k free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$5.00m market cap, or US$3.62m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). New Risk • Aug 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$814k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$814k free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.14m market cap, or US$3.01m). Duyuru • Jun 18
Apex Resources Inc. announced that it expects to receive CAD 1 million in funding Apex Resources Inc announced a non brokered private placement to issue flow-through shares and non flow-through units for gross proceeds of CAD 1,000,000 on June 18, 2025. The flow-through funding will consist of up to 5,000,000 FT Shares, priced at CAD 0.10 per FT Share for gross proceeds of up to CAD 500,000 and the non-flow-through funding will consist of up to 7,142,858 NFT Units, priced at CAD 0.07 per NFT Unit for gross proceeds of up to CAD 500,000.06; aggregate gross proceeds of CAD 1,000,000.06. Each NFT Unit will consist of one common share plus one-half non-transferable share purchase warrant (a "Warrant"). Each whole Warrant is exercisable to purchase one additional common share of the Company (the "Warrant Share") at CAD 0.12 for a period of two years from the date of closing. Directors and officers of the Company may acquire securities under the Financing. The Financing is subject to TSX Venture Exchange approval and all securities issued pursuant to the Financing will be subject to a four-month and one day hold period from the closing date. New Risk • Jun 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$826k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$826k free cash flow). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.83m market cap, or US$3.52m). Duyuru • May 29
Apex Resources Inc. Finalizes Drilling Plans for Critical Minerals and Gold At Jersey-Emerald Apex Resources Inc. reported drill planning for an initial seven holes (approximately 955 m) surface diamond drill program on the Company's Jersey-Emerald Property (the "Property") is nearing completion. All of the planned holes target minerals on Canada's Critical Minerals List. The first two holes will test for zinc (germanium + gallium) mineralization and the remaining five holes will be directed at two separate zones of gold mineralization, where high gold values are associated with high values of bismuth and tellurium +/- tungsten and molybdenum (all also defined as critical minerals). Four of the seven recommended drill holes are located on the Company's private land which helps facilitate permitting. Road access exists to most of the proposed drill sites. In selecting drill targets, consideration was given to targets with expansion potential, as opposed to in-fill holes where little upside potential exists. Additional holes may test new tungsten skarn, silver and porphyry molybdenum targets. The Company is also pleased to report final geophysical results are expected to be available shortly, with drill hole targeting and permitting to follow on the Company's Lithium Creek Project in Nevada, USA. Duyuru • Apr 21
Apex Resources Inc., Annual General Meeting, Jun 27, 2025 Apex Resources Inc., Annual General Meeting, Jun 27, 2025. Duyuru • Mar 01
Apex Resources Inc. announced that it has received CAD 0.75 million in funding On February 28, 2025. Apex Resources Inc. has closed the transaction. Duyuru • Jan 03
Apex Resources Inc. announced that it expects to receive CAD 0.75 million in funding Apex Resources Inc. announced a non-brokered private placement on January 3, 2025. The company will issue 15,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 750,000. Each Unit is comprised of one common share and one share purchase warrant. Each Warrant will be exercisable to acquire one common share at an exercise price of CAD 0.10. The Warrants will have an expiry date of two years from the date of issue. The Financing is subject to TSX Venture Exchange approval. All shares issued pursuant to this offering and any shares issued pursuant to the exercise of warrants will be subject to a four-month and one day hold period from the closing date. New Risk • Dec 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$674k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$674k free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 5.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.79m market cap, or US$2.71m). Duyuru • Nov 27
Apex Resources Inc. Commences Initiation of Pre-Drilling Works at Its Lithium Creek Project in Churchill County, Nevada Apex Resources Inc. announced the initiation of geophysical & geological studies on the Lithium Creek Project (the Project), located in Churchill County, Nevada. These initiatives will continue to support the on-going expanded lithium brine exploration and help target the planned deep drilling program at the Project. Apex is preparing to locate and conduct magnetotelluric (MT) and seismic survey lines across strategic locations in the Project area to refine lithium brine reservoir targets. This new data will complement a reinterpretation of existing geophysical survey data. Drill targets will be selected based on the combined geophysical surveys as well as the results of the shallow ground water sampling. Apex will undertake permitting concurrent with selection of the drill sites. Duyuru • Jun 19
Apex Resources Inc. Appoints Ronald (Ron) Lang as Chief Executive Officer Apex Resources Inc. announced the following leadership appointments: Ronald (Ron) Lang, a Director of the Company, has been appointed as Chief Executive Officer, effective immediately. Mr. Lang is a veteran mining executive and brings with him over 35 years of leadership experience, including as president and CEO and director of a lithium exploration company in 2017. Mr. Lang has held roles as a director and/or executive officer of several junior exploration companies with operations in Canada, Mexico and Africa. Duyuru • Jun 18
Apex Resources Inc. Announces Executive Changes Apex Resources Inc. announced the following leadership appointments: Ronald (Ron) Lang, a Director of the Company, has been appointed Interim President and Chief Executive Officer, effective immediately. Mr. Lang is a veteran mining executive and brings with him over 35 years of leadership experience, including as president and CEO and director of a lithium exploration company in 2017. Mr. Lang has held roles as a director and/or executive officer of several junior exploration companies with operations in Canada, Mexico and Africa. Brett Kagetsu has been appointed to the Company's Board of Directors. Mr. Kagetsu holds a Bachelor of Commerce degree and a Bachelor of Laws degree from the University of British Columbia. Mr. Kagetsu is a senior corporate finance and securities lawyer with the majority of his clients being Canadian reporting issuers in the mining sector. He also completed the Canadian Securities Course in 2000 and has served as an instructor for the TSXV's Rules and Tools corporate governance workshop for over 15 years. He is a director of TSXV-listed Abasca Resources Inc. The Company also announces the resignation of Mr. Jay Roberge as President and Director of the Company. The Company's Board wishes to thank Mr. Roberge for his services and wishes him all the best in his future endeavors. New Risk • May 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 75% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 9.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.11m market cap, or US$3.00m). Board Change • May 09
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Adam Pankratz is the most experienced director on the board, commencing their role in 2022. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Duyuru • Dec 09
Apex Resources Inc. Announces Chief Financial Officer Changes Apex Resources Inc. announced that Mr. Marc Lee has resigned as Chief Financial Officer of the Company effective immediately. Mr. Lee will remain as a consultant to the Company. The Company announced the appointment of Mr. Dennis Cojuco as the Company's new Chief Financial Officer. Mr. Cojuco is a graduate of the University of British Columbia (BSc. Chemistry and Diploma in Accounting) and is a Chartered Accountant in British Columbia. Mr. Cojuco articled with PricewaterhouseCoopers LLP from 2006 to 2009 and with Staley, Okada and Partners from 2004 until the two firms combined in 2006. Mr. Cojuco worked primarily in the mining practice of both firms where he assisted clients in the areas of public financings, mergers and acquisitions, public company reporting and various other areas. Since the fall of 2009, he has been working in senior accounting capacities with mining companies in the stages of exploration, development and production. Duyuru • Oct 07
Apex Resources Inc. Announces Directorate Changes Apex Resources Inc. announced that Ms. Linda Dandy has resigned as a director of the company effective September 28, 2023. Ms. Dandy will remain as a consultant to the company. The company announced the appointment of Mr. Ronald (Ron) Lang as Director of the company. Mr. Lang has a long history of working in the exploration and mining industry following in the footsteps of his father Frank A. Lang of Hemlo Gold Mine fame. Ron served as the President and CEO of Cream Minerals Ltd. (incorporated in BC in 1966) overseeing exploration in Canada, Mexico and Africa in addition to serving as a Board Member to several junior exploration companies. Ron is skilled in negotiation, business planning, operations management, venture capital markets and business development. Duyuru • Jun 17
Apex Resources Inc., Annual General Meeting, Aug 15, 2023 Apex Resources Inc., Annual General Meeting, Aug 15, 2023. Board Change • Jun 01
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Director Linda Dandy is the most experienced director on the board, commencing their role in 2014. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Dec 28
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Director Linda Dandy is the most experienced director on the board, commencing their role in 2014. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Director Linda Dandy is the most experienced director on the board, commencing their role in 2014. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Linda Dandy is the most experienced director on the board, commencing their role in 2014. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Apr 20
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Linda Dandy is the most experienced director on the board, commencing their role in 2014. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Duyuru • Apr 15
Apex Resources Announces Resignations and Appointments Apex Resources Inc. announced the resignations of Mr. Robin Merrifield, CA (S.A.) and Mr. Ralph Gonzalez, M.Sc., P.Eng., P.Geo., both retiring as Directors from Apex, however remaining on Apex's Advisory Board. Apex Resources wishes to thank Messrs. Merrifield and Gonzalez for their years of exceptional direction, advice and dedicated service to the Company and its shareholders. The company announced the appointment Mr. Adam Pankratz as a Director of the Company and Mr. Michael ("Mike") Kordysz as an Officer of the Company. Duyuru • Mar 10
Apex Resources Inc. announced that it has received CAD 0.555 million in funding On March 8, 2022, Apex Resources Inc closed the transaction. The company issued 11,100,000 units for gross proceeds of CAD 555,000. The Company paid finders fees of CAD 2,100 and 42,000 finder’s warrants to Leede Jones Gable Inc and Haywood Securities. All securities issued will be subject to a four month hold period pursuant to securities laws in Canada and will be restricted from trading until July 11, 2022. The transaction included participation from Arthur G. Troup, President, CEO and a director of the Company, for 100,000 Units Duyuru • Jan 18
Apex Resources Inc. announced that it expects to receive CAD 0.5 million in funding Apex Resources Inc. announced a private placement of 10,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 500,000 on January 17, 2022. Each unit is comprised of one common share and one non-transferable share purchase warrant. Each warrant is exercisable into one common share of the company at an exercise price at CAD 0.10 per share for a period of 24 months from the date of issuance. The warrants are subject to an acceleration clause whereby if the volume weighted average closing price of the shares on the exchange is CAD 0.15 or more for 21 consecutive trading days at any time subsequent to the expiry of six months from the date of issuance of the warrants, then the company will earn the right by providing notice to the warrant holders, to accelerate the expiry date of the warrants to that date which is 30 days from the date of the acceleration notice. The transaction is subject to an over-allotment option exercisable at the sole discretion of the company any time prior to closing to issue up to an additional 5,000,000 shares for up to an additional CAD 250,000 of gross proceeds. The company may pay a finder’s fee of up to 7% cash and 7% finder’s warrants to qualified parties. Each finder’s warrants will be exercisable under the same terms as the private placement warrants. All securities to be issued will be subject to a four months plus one day hold period. The transaction is subject to the approval of TSX Venture Exchange. Board Change • Nov 26
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Ralph Gonzalez was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.