02:26 PM EDT, 10/14/2025 (MT Newswires) -- Apex Resources ( SLMLF ) on Tuesday said it closed flow-through funding for gross proceeds of $250,000.

A statement noted the company issued around 3.57 million FT units at a price of $0.07 each, where the units are currently trading at.

Each FT unit is made up of one flow-through common share plus one-half non-transferable non-flow-through share purchase warrant (each whole warrant, a NFT warrant). Each NFT warrant is exercisable to buy one additional non-flow-through common share of the company at $0.10 for a period of two years expiring on Oct.10, 2027.

The company will use the gross proceeds raised from the issuance of the FT shares to incur "Canadian exploration expenses".