Integral Technologies, Inc. has acquired an 80% membership interest in Apex North LLC, a Utah-based limited liability company, through a definitive agreement executed on November 10, 2026. The transaction was completed on the Closing Date and involves the issuance of 390,714 shares of the Company’s Series D Convertible Preferred Stock to the sellers, Dragonstone Metals Ltd. and Nedeel LLC.
The acquired entity, Apex North, owns 100% of the unpatented lode mining claims comprising the Apex North Critical Minerals Project. The project is located in Washington County, Utah, and consists of approximately 394 recorded claims covering an area of 3,294 hectares (8,141 acres). The land is administered by the Bureau of Land Management (BLM).
Under the terms of the Membership Interest Purchase Agreement, the sellers retain a 20% membership interest in Apex North. The holders of this retained interest are entitled to a "free carry" through the earliest of a decision to mine, the date the Company obtains a bankable feasibility study, or a mutually agreed-upon date. The sellers also agreed to a three-year non-competition covenant restricting competition within a three-mile radius of the project for critical minerals, including germanium, gallium, and copper.
The acquisition resulted in a change in control of Integral Technologies, as the issued shares represented approximately 85.91% of the total voting power of the Company’s outstanding voting securities. As a result of the acquisition, the Company has ceased to be a "shell company" as defined by SEC regulations.
Apex North LLC was organized on March 9, 2026, and has incurred an accumulated deficit of $226,848 as of May 31, 2026. The company’s financial statements indicate substantial doubt about its ability to continue as a going concern. The acquired project is prospective for gallium and germanium, and the company has utilized non-invasive exploration techniques to date.
