26/08/11 - TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
BULLETIN V2026-2593
APEX RESOURCES INC. ("APX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 11, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to a mining option agreement (the "Agreement") dated May 15, 2026, between Apex Resources Inc. (the "Company") and Tungsten Reserve Corp. (formerly, Fortress Strategic Metals Corp.), an arm's length optionee (the "Optionee"). Pursuant to the terms of the Agreement, the Company has agreed to grant to the Optionee the exclusive option to earn, in stages, up to a 100% undivided interest in and to 18 crown-granted mineral claims, one (1) four post claim, one (1) two post claim, and two (2) located mineral claims (the "Property") forming part of the Company's "Jersey-Emerald Project" located near Salmo, British Columbia, solely for the purpose of conducting exploration and mining operations on the Tungsten Zones within the mineral claims. The Optionee may acquire an initial 25% undivided interest by making a cash payment of $150,000 and issuing $1,000,000 in shares or special warrants. Following completion of the Phase I option, the Optionee may earn an aggregate 75% undivided interest by August 31, 2027, by issuing $3,000,000 in special warrants and meeting certain conditions. The Optionee may earn an aggregate 100% undivided interest by February 28, 2029, by issuing $4,000,000 in shares and meeting certain conditions. The Optionee will also make $50,000 in annual payments to the Company, commencing on February 28, 2027, until the option is exercised or terminated. Upon commencement of commercial production, the Optionee will issue an additional $6,000,000 in shares and grant the Company a 2.0% NSR royalty, one-half of which may be repurchased for the greater of US$5,000,000 or the net present value of the foregone royalty payments attributable to such portion being repurchased. Upon the occurrence of certain events, the Company has the right to require the Optionee to transfer all of its right, title and interest in and to the mineral claims back to the Company for nominal consideration. The Property
The transaction is arm's length in nature, and no finder's fees are payable.
For further details, please refer to the Company's news releases dated May 19, 2026, and August 10, 2026.
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