Apex Critical Metals (APXC) Q3 2025 earnings summary

Executive summary

• Focused on mineral exploration in British Columbia, Quebec, and Ontario, with significant property acquisitions and reorganizations during the period.

• Changed name to Apex Critical Metals Corp. and completed share consolidation and forward split; now trades under APXC on CSE.

• Raised substantial capital through multiple private placements and flow-through share offerings.

Financial highlights

• Cash increased to $5.24M as of April 30, 2025, from $1.68M at July 31, 2024.

• Net loss for the nine months ended April 30, 2025, was $2.24M, up from $0.42M for the same period last year.

• Share-based payments rose sharply to $996K from $4K year-over-year.

• Operating cash outflows were $1.27M, offset by $5.3M in financing inflows.

• Exploration and evaluation assets increased to $1.50M from $1.10M.

Outlook and guidance

• Management is actively seeking additional funding to support ongoing exploration and development.

• Material uncertainties exist regarding the ability to continue as a going concern due to lack of operating revenues and ongoing losses.