CAP Project

OVERVIEW

Location

85 km northeast of Prince George, British Columbia
Year-round access; approximately 25 km² project area
Located near existing niobium and critical-mineral occurrences
Niobium and rare earth element mineralization identified on the property

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For full results, sampling information, analytical methods, QA/QC procedures, data verification and Qualified Person disclosure, see Apex news release dated December 31, 2025.

2025 Summer Exploration Program

The 2025 exploration program at the CAP Project consisted of nine helicopter-supported NQ diamond drill holes totaling 2,323 m.

Drilling confirmed near-surface niobium mineralization in CAP25-006 and tested additional regional target areas across the project.

For full 2025 drill results, sampling information, analytical methods, QA/QC procedures, data verification and Qualified Person disclosure, see Apex news release dated December 31, 2025.

Map showing approximate location of 2025 Drilling.

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2025 Drill Result Highlights

CAP25-006 returned 124.5 m averaging 0.27% Nb₂O₅, including 36 m averaging 0.59% Nb₂O₅ and 10 m averaging 1.08% Nb₂O₅.
The CAP25-006 niobium-enriched zone remains open laterally and at depth.
The 2025 program consisted of nine NQ diamond drill holes totaling 2,323 m.

For full results, sampling information, analytical methods, QA/QC procedures, data verification and Qualified Person disclosure, see Apex news release dated December 31, 2025.

CAP25-006

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CAP25-006

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2025 Summer Exploration Photos

2024 Summer Exploration Program Results

Highlights

Apex Critical Metals Identifies 1.8km Anomalous Niobium Trend Northwest of Known Mineralization at CAP Project
Outcrop sample returned 3.33% Nb₂O₅, with four additional outcrop samples returning between 0.16% and 0.50% Nb₂O₅. Two mineralized carbonatite outcrops discovered are separated by approximately 250 meters.
Two carbonatite boulder samples returned 1.79% and 1.45% Nb₂O₅. respectively.
Soil sampling outlined a definitive niobium anomaly along an interpreted trend of known mineralized carbonatite outcrops and overlying radiometric anomaly.
Stream concentrate sampling proved an effective exploration tool with four (4) samples returning > 275 ppm Niobium to a maximum of 360 ppm Niobium, coincident with anomalous soil zones and mineralized rock samples.

Grab, boulder, soil and stream concentrate samples are selective by nature and may not be representative of mineralization across the property. For full sampling, analytical methods, QA/QC and data verification disclosure, see Apex news release dated November 12, 2024.

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Niobium Trend, Apex Critical Metals Cap Property in British Columbia

HISTORICAL RESULTS

Historical Results

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Drilling for Rare Earth Elements revealed high-grade niobium near a magnetic anomaly, meriting further exploration.

Historical drilling and surface sampling identified niobium mineralization on the CAP Project. Historical results are used by the Company to guide exploration targeting. For source information, sampling details, analytical methods, QA/QC, data verification and Qualified Person disclosure, see Apex news release dated November 12, 2024.

WHAT IS A CARBONATITE?

How is it Formed?

Deep-seated magmatic intrusions
Rich carbonate mineral makeup, typically appearing as intrusive plugs or in forms like dykes, sills, breccias, or veins
Enriched with elements like niobium, rare earth elements, phosphorus, tantalum, scandium, and titanium
Carbonatites are relatively rare in geology, with notable sites including Araxá, Bayan Obo, Mt. Weld, Mountain Pass, and Palabora
Of the approximately 600 known carbonatites, about 10% mined

Economic Importance

Produce essential elements like niobium and rare earth elements, crucial for high-tech industries.
Carbonatite production drives economic development in energy, defense, and electronics sectors.

PYROCHLORE

Pyrochlore

Commonly processed mineral for niobium, processed into FeNb.

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