Apex Critical Metals Corp. (NASDAQ and CSE: APXC) announced on October 22, 2026, that it has been approved to list its American Depositary Shares on the Nasdaq Capital Market under the symbol "APXC", with trading expected to begin on October 23, 2026. The listing is accompanied by an underwritten public offering of 400,000 ADSs priced at US$4.65 per ADS, targeting gross proceeds of US$1.86 million before underwriting discounts and expenses. The company intends to direct net proceeds toward working capital and its ongoing drill program at the Rift Rare Earth Project in Nebraska, making this a meaningful milestone for the rare earth exploration company.

Key Points

  • Apex Critical Metals Corp. (NASDAQ and CSE: APXC; OTCQX: APXCF; FWB: KL9; Euronext Access Paris: MLAPX)
  • Apex has been approved to list ADSs on the Nasdaq Capital Market, with trading expected to begin October 23, 2026
  • 400,000 ADSs priced at US$4.65 each; each ADS represents 6 common shares; gross proceeds of US$1.86 million expected
  • Investors may watch for closing confirmation, use of proceeds toward the Rift Rare Earth Project drill program, and any exercise of the overallotment option

Nasdaq Listing Marks a New Exchange Milestone for Apex Critical Metals

Apex Critical Metals Corp. announced its approval to list American Depositary Shares on the Nasdaq Capital Market, expanding its existing presence on the CSE, OTCQX, Frankfurt Stock Exchange, and Euronext Access Paris. The Nasdaq listing broadens the company's access to U.S. institutional and retail investors. The offering is being conducted pursuant to an effective shelf registration statement on Form F-10, which became effective on August 13, 2026, with the SEC. The announcement states that no securities will be offered or sold to Canadian purchasers under this offering.

ADS Offering Structure and Overallotment Option Details

The offering consists of 400,000 ADSs at a public offering price of US$4.65 per ADS, with each ADS representing six common shares of Apex. Expected gross proceeds total US$1.86 million before deducting underwriting discounts, commissions, and other offering expenses. Apex has also granted the underwriter a 45-day option to purchase up to an additional 60,000 ADSs at the public offering price, less applicable underwriting discounts and commissions. Maxim Group LLC is acting as sole book-running manager for the offering, which was expected to close on October 23, 2026, subject to customary closing conditions.

Proceeds Directed Toward Rift Rare Earth Project Drill Program in Nebraska

The company states it intends to use net proceeds for working capital and general corporate purposes, specifically including the advancement of its ongoing drill program at the Rift Rare Earth Project, located within the Elk Creek Carbonatite Complex in southeastern Nebraska. Apex describes the project as 100%-controlled and central to its strategy of advancing rare earth element and niobium resources to support growing critical metals demand across the United States and Canada. The immediate share price impact was not clear from available public information.