Dahrouge has also worked with APEX for 20 years. That purchase involving Dahrouge feels like a conflict of interest if they were already hired by NioCorp to confirm NioCorp owned resources.
If APEX exercised their rights to purchase, it would cost them $24,070,000 to purchase 2407 acres.
If APEX turns out to be a competitor, hopefully, they have the least rich portion of Elk Creek. In addition, it will take a very long time for them to develop the reserves if its proven profitable as we have seen with NioCorp so NioCorp is years ahead of APEX.
I am not convinced this news is negative just yet. I'm sure MS knows about APEX and its leadership.
All of this is good questions for NioCorp to explain.
Blurb on APEX
Apex Critical Metals is a Canadian exploration company focused on niobium and rare earth elements, with significant projects in British Columbia and Ontario.
Company Profile
Apex Critical Metals Corp. (CSE: APXC | OTCQX: APXCF) is engaged in the acquisition, exploration, and development of mineral properties in Canada, particularly focusing on niobium and rare earth elements. The company was formerly known as Eagle Bay Resources Corp. and rebranded in May 2024. It is headquartered in Vancouver, Canada, and was incorporated in 2018.
Key Projects
CAP Property: This is the principal property of Apex, consisting of six claims covering approximately 2,824.34 hectares located northeast of Prince George, British Columbia. The CAP Property is noted for its potential niobium deposits.
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Bianco Carbonatite Project: Located near the Kingfisher Lake First Nation in Ontario, this project covers about 3,735 hectares and is also focused on niobium exploration.
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Market Position and Recent Developments
Apex Critical Metals is positioned strategically within North America, which is increasingly prioritizing domestic sources of critical minerals like niobium due to rising demand in various industries, including defense and energy technology. The company has made significant discoveries in its projects, with recent drilling results indicating promising niobium mineralization.
apexcriticalmetals.com
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Importance of Niobium
Niobium is a critical element used primarily in high-strength steel alloys and superconducting materials, making it essential for various applications, including aerospace and electronics. The growing demand for niobium, particularly in the context of energy technology and advanced manufacturing, positions Apex as a key player in the market.
apexcriticalmetals.com
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Financial Information
Apex Critical Metals is publicly traded, and its stock performance can be tracked on platforms like Yahoo Finance and Google Finance, where investors can find real-time quotes and historical performance data.
Google
In summary, Apex Critical Metals is actively exploring and developing significant niobium and rare earth element projects in Canada, positioning itself as a vital contributor to the supply of critical minerals in North America.
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Market Data 
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