Apogee Minerals Ltd. (TSXV: APMI) has appointed Brady Rak as Chief Executive Officer and a Director, effective September 21, 2026. Rak brings more than 15 years of Canadian capital markets experience to the Vancouver-based copper exploration company, which holds an option on the Knife Lake Copper Project in Saskatchewan. The leadership change coincides with the granting of 3,000,000 incentive stock options, signalling a new phase of operational activity for the company. Interim CEO Tim Fernback steps down from that role but remains Chief Financial Officer and a Director.

Key Points

  • Apogee Minerals Ltd. (TSXV: APMI) is a Canadian copper and base metal exploration company focused on the Knife Lake Copper Project in Saskatchewan.
  • Brady Rak has been appointed CEO and Director, effective September 21, 2026, replacing Interim CEO Tim Fernback in that role.
  • 3,000,000 incentive stock options were granted at $0.14 per share, exercisable for five years from the date of grant.
  • Investors may be watching how Rak's capital markets background and business development experience shape the company's exploration and financing strategy at Knife Lake.

Brady Rak's Capital Markets and Exploration Background

Rak's career spans more than 15 years in the Canadian capital markets, with roles at independent broker dealers including Ventum Financial, Salman Partners, and Union Securities. As a registered investment advisor at Ventum Financial, he advised high-net-worth and corporate clients and structured capital raises. Most recently, he served as VP of Business Development at Skyharbour Resources, where he contributed to that company's development as a uranium exploration and prospect generation business. He holds a Bachelor of Business Administration in Management from Northwood University and holds an options trading licence.

Knife Lake Copper Project and Saskatchewan Jurisdiction

Apogee holds an option to earn up to 100% of the Knife Lake Copper Project, comprising 54 mineral claims totalling approximately 35,255 hectares in east-central Saskatchewan. The property hosts a near-surface, stratabound volcanogenic massive sulphide copper-zinc-silver-gold-cobalt deposit. In his appointment statement, Rak highlighted the project's high-grade copper drill intercepts from previous operators and cited Saskatchewan's standing as a top-ranked global mining jurisdiction. Rak also referenced Eldorado Gold's C$4 billion acquisition of Foran Mining as an indicator of regional geological prospectivity, though that transaction is separate from Apogee's own activities.

Stock Option Grant and Leadership Transition Details

Concurrent with the CEO appointment, Apogee granted 3,000,000 incentive stock options to various officers, directors, and consultants. The options are exercisable at $0.14 per share for five years from the date of grant and are subject to a statutory hold period of four months and one day. Tim Fernback, who served as Interim CEO and President, has stepped down from those roles but will continue as CFO and Director. The immediate share price impact was not clear from available public information.