What Apex Resources does

Apex Resources Inc. is a Vancouver-based, publicly traded mineral exploration company (TSX-V: APX; OTC: SLMLF) focused on discovering and developing critical and precious minerals deposits in the United States and Canada. Founded in 1997, the company is pre-revenue and funded primarily through non-brokered private placements. Its portfolio comprises three core projects: the flagship Lithium Creek Project in Nevada (8,240 acres of placer claims in the Fernley, Humboldt and Carson Sinks, strategically located within 40 minutes of Tesla's Gigafactory and the North American battery hub); the wholly-owned Jersey-Emerald Property in southern British Columbia (encompassing the historic Jersey Lead-Zinc Mine and the Emerald Tungsten Mine with an existing NI 43-101 tungsten resource estimate); and the Ore Hill / Summit Gold Properties in British Columbia's Sheep Creek gold camp. The company applies conventional but technically specific exploration methods including HSAMT and gravity geophysical surveys, shallow hand-dug auger groundwater sampling (peak lithium results of 393 mg/L), and diamond drilling.

Apex's business model is that of a junior resource explorer rather than a producer: it does not currently generate revenue from mining operations. Value creation is pursued through (i) staged exploration expenditures on its three projects, (ii) capital raises via non-brokered private placements, and (iii) optioning or selling mineral rights to development partners — exemplified by the May 2026 Fortress Strategic Metals option agreement covering the Jersey-Emerald Tungsten Zones, which includes share payments, exploration commitments, a 2.0% NSR royalty, and a potential $6,000,000 contingent payment on commercial production. The go-to-market motion is investor-relations-led, relying on TSX-V listing, news releases, the corporate website, email newsletters, and mining conferences (e.g., Nevada Lithium Summit 2024) to attract capital for exploration programs.

The company is operated by a small team (1-10 employees) under Interim President & CEO Ronald (Ron) Lang, with CFO Michael Malana and technical leadership including Senior Advisor William Feyerabend and VP Exploration Connor Malek. Apex has undergone multiple leadership transitions since founder Arthur Troup retired in March 2022, including CEO changes in 2022 and 2024, several CFO changes (most recent appointment of Michael Malana in December 2025), and the recent addition of new directors and advisors. The company adopted semi-annual financial reporting in May 2026 under CSA Blanket Order 51-933, consistent with cost discipline typical of junior explorers.

Name

Apex Resources

Legal name

Apex Resources Inc.

Website

https://apxresources.com

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

1–10 employees

Short description

Apex Resources Inc. is a Vancouver-based, pre-revenue junior mineral exploration company (TSX-V: APX) advancing critical and precious minerals projects in Nevada and British Columbia, including the flagship Lithium Creek lithium brine project and the Jersey-Emerald tungsten-zinc property.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Gold Ore and Silver Ore Mining (21222), Support Activities for Metal Mining (213114), Support Activities for Mining (2131)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industries

Precious Metals Exploration & Project Development (IMAKAEAI), Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

Keywords

• Mineral exploration services
• Lithium brine exploration
• Tungsten zinc mining
• Gold silver exploration
• Critical minerals development

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Marketing or Sales, Technology or R&D, Personnel, Supply Chain, Infrastructure

Revenue model

1. Pre-Revenue Exploration Stage: Apex Resources is a pre-revenue mineral exploration company. The company does not currently generate revenue from production. Future revenue would come from either selling mineral assets, option agreements with partners, or eventually from mining production if deposits are successfully developed.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Apex Resources is a Vancouver-based mineral exploration company that acquires, explores, and develops precious and critical mineral properties in the United States and Canada. Its portfolio includes the flagship Lithium Creek Project in Nevada (district-scale lithium brine exploration near the Tesla Gigafactory), the wholly-owned Jersey-Emerald Property in British Columbia (historical tungsten and zinc mines with an NI 43-101 tungsten resource), and the Ore Hill/Summit Gold Properties in BC. The company monetizes these assets through future mining option agreements, royalties, property sales, and eventual production, while currently operating as a pre-revenue exploration stage company financed by private placements.

Product overview

Apex Resources Inc. is a Vancouver-based mineral exploration company with a portfolio of precious and critical minerals projects and historic mines located in the United States and Canada. The company operates three core projects: the Lithium Creek Project (flagship lithium brine project in Nevada near the Tesla Gigafactory), the Jersey-Emerald Property (tungsten-zinc property in British Columbia encompassing historic mines), and the Ore Hill and Summit Gold Properties (gold-silver exploration property in British Columbia). The company focuses on exploration and development of mineral resource properties rather than a unified software product.

Differentiator

Problem solved

Functional benefit

Products and services

• Lithium Creek Project Flagship district-scale lithium brine exploration project consisting of approximately 8,240 acres of placer claims within the Fernley, Humboldt, and Carson Sinks in Nevada, USA, with widespread naturally flowing lithium brine groundwater. Strategically located near the City of Reno and within 40 minutes of the Tesla Gigafactory and the principal North American battery hub. Sampling has returned lithium concentrations up to 393 mg/L, exceeding the 50 mg/L North American industry cut-off grade.
• Jersey-Emerald Property Wholly-owned property in southern British Columbia encompassing the historic Jersey Lead-Zinc Mine (British Columbia's second largest historic zinc mine) and the Emerald Tungsten Mine (Canada's second largest historic tungsten mine). Holds an NI 43-101 resource estimate for the Emerald Tungsten Deposit and saw tungsten drill intersections in 2025 including 0.309% W (0.389% WO3) over 0.98m.
• Ore Hill and Summit Gold Properties Road-accessible approximately 2,000-hectare gold-silver exploration property in southern British Columbia encompassing the historic Ore Hill Mine and Summit Gold Mine, situated at the south end of the Sheep Creek gold camp and targeting orogenic gold mineralization from historical high-grade quartz vein production.

Quantifiable outcome

• Lithium concentrations up to 393 mg/L discovered in shallow groundwater at Lithium Creek Project, exceeding industry-standard 50 mg/L cut-off grade
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Fortress Strategic Metals Corp.coreStrategic or Co-development Partner · 15 May 2026Apex Resources entered into a mining option agreement with Fortress Strategic Metals Corp. granting an exclusive option to earn up to 100% interest in the Tungsten Zones of the Jersey-Emerald Project in British Columbia. Fortress can acquire the interest in three phases by completing exploration programs, issuing shares, and making cash payments totaling significant value to Apex. Upon commercial production, Fortress will issue additional shares valued at $6,000,000 and grant a 2.0% NSR royalty to Apex with a buyback right.
• Applied Hydrologic Ltd. (Reno, Nevada)minorImplementation/ SI/ Consulting PartnerThird-party consulting geologist engaged to direct shallow hand-dug auger hole excavation and groundwater sample collection at the Lithium Creek Project in accordance with sampling and analytical work plans.
• Western Environmental Testing Laboratory (WET Lab)minorImplementation/ SI/ Consulting PartnerIndependent certified laboratory in Nevada used for water sample analysis including lithium, boron, potassium, and sodium content using EPA Method 200.7 for ICP-OES analysis.
• ALS Laboratory (Reno, Nevada)minorImplementation/ SI/ Consulting PartnerIndependent certified laboratory used for sediment sample analysis from the Lithium Creek Project exploration program.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Lithium Americas Corp: Major lithium developer with the Thacker Pass project in northern Nevada. Like Apex, Lithium Americas is pursuing US-based lithium supply for the battery market, making it a direct peer in critical minerals exploration/development.
• ioneer Ltd: Developer of the Rhyolite Ridge lithium-boron project in Nevada. Comparable to Apex as a Nevada-focused lithium brine/evaporite explorer targeting the North American battery supply chain.
• Standard Lithium Ltd. Lithium brine extraction and processing company advancing projects in the US. Similar to Apex in focusing on lithium brine development for the battery sector, though at a more advanced stage.
• American Lithium Corp. Lithium exploration and development company with the TLHC (Falcon) and other lithium clay projects in Nevada. Directly comparable to Apex as a junior Nevada lithium explorer.
• Cypress Development Corp. Junior miner advancing the Clayton Valley lithium clay project in Nevada. Comparable to Apex as a small-cap Nevada-focused lithium developer targeting the battery materials market.
• Atlas Lithium Corp. Lithium exploration and development company with projects in Brazil and North America. Similar to Apex in pursuing early-stage lithium discovery targeting the EV battery supply chain.
• Rokmaster Resources Corp. British Columbia-based mineral exploration company with overlapping personnel (Connor Malek serves as VP Exploration at both companies). Highly comparable as a junior BC-focused tungsten/zinc/base metals explorer.

Broad incumbents

• Albemarle Corporation: World's largest lithium producer with diversified operations including Nevada brine assets. Broader incumbent competitor and potential acquirer/partner for junior Nevada lithium explorers like Apex.

Emerging players

• Sienna Resources Inc. Junior explorer focused on lithium and battery metals in Nevada. Comparable to Apex as a small-cap emerging lithium explorer targeting North American critical minerals.

Others

• Fortress Strategic Metals Corp. Private strategic metals company that signed the May 2026 option agreement to earn into Apex's Jersey-Emerald tungsten zones. Comparable as a critical minerals company pursuing tungsten and related strategic metals development in BC.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/apexresources

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Apex Resources