202618 releases
Apollo Silver Delivers Positive PEA for Calico
Study resultsApollo Silver Reports Ejido Benito Juárez to Reconvene Assembly on Cinco de Mayo Access Agreement
A community assembly of Ejido Benito Juárez in Buenaventura Municipality, Chihuahua, Mexico, convened September 20, 2026 to consider lifting the moratorium on mineral exploration and development covering the Cinco de Mayo project and approving a long-term access agreement, was adjourned before business was conducted, which Apollo Silver understands was due to a lack of quorum. The Ejido will reconvene the assembly under Mexican agrarian law, with the next date likely in October. Apollo holds an earn-in interest in Cinco de Mayo.
CorporateApollo Silver Clarifies Media Reports Regarding Ejido Benito Juárez Assembly
Media reports stating that Ejido Benito Juárez voted on September 20, 2026 to reaffirm its 2012 agreement prohibiting mining are inaccurate, Apollo Silver said, having confirmed with the attending notary that the assembly was adjourned for lack of quorum. The assembly was to consider lifting the moratorium on mineral exploration and development covering lands including the Cinco de Mayo project in Chihuahua, Mexico, and accepting a long-term access agreement. The Ejido is expected to reconvene, likely in October.
CorporateApollo Silver Reaffirms Its Support for Ejido Benito Juárez on Long Term Water Solutions
Support was reaffirmed for Ejido Benito Juárez in addressing water challenges affecting agriculture, livestock and livelihoods on its lands in Chihuahua, Mexico, starting with independent technical work on the aquifer, springs and existing wells. Apollo Silver has agreed to present the Ejido with a plan outlining long-term water commitments, with scope, priorities and sequencing defined jointly. The assembly resolution reinstating mineral exploration at Cinco de Mayo is in process, and meetings will continue ahead of any significant field activity.
CorporateApollo Silver Announces Ejido Vote on Mining Moratorium at Cinco de Mayo
Ejido Benito Juárez in Buenaventura Municipality, Chihuahua, Mexico has scheduled a community assembly for September 20, 2026, at which members are expected to vote on lifting a moratorium on mineral exploration and development in place since 2012, covering lands that include the Cinco de Mayo project optioned by Apollo Silver, and on accepting a long-term access agreement. Apollo states the moratorium is a key outstanding condition for advancing the Project and that it is not a participant in the assembly or voting process.
CorporateApollo Silver Announces Chief Financial Officer Transition
Steven Thomas has been appointed Chief Financial Officer of Apollo Silver effective September 1, 2026, succeeding Chris Cairns, who is stepping down the same date to pursue another opportunity and will remain in a transitional role through September 2026. Thomas resigned from the Board, including as Lead Independent Director and Audit Committee Chair, effective August 31, 2026; Jocelyn Thompson becomes Lead Independent Director and Jackie Przybylowski becomes Audit Committee Chair. Thomas was most recently CFO of Mountain Province Diamonds Inc.
ManagementApollo Silver Announces CEO Transition; Colin Sutherland Appointed President and CEO
Colin P. Sutherland, CPA, CA, has been appointed President and CEO of Apollo Silver effective July 15, 2026, succeeding Ross McElroy, who stepped down as President, CEO and director on that date. Sutherland is not joining the Board at this time; he previously held senior roles at Capital Gold Corporation, Nayarit Gold and McEwen Mining. The Board also granted 250,000 stock options at an exercise price of $2.52, vesting over 24 months, and 100,000 deferred share units to an officer and a director.
ManagementApollo Reports High-Grade Silver, Gold and Barite Results at Calico
Surface mapping and sampling at the Calico Silver Project in San Bernardino County, California returned outcrop assays up to 1,280 g/t silver at the Mule Property within the Pickhandle Formation volcanics, gold values of 4.85, 3.70 and 3.59 g/t at the Burcham mine area, zinc up to 30.0%, and barite of 76.12% and 27.78% at Langtry and 35.68% at Waterloo. A total of 245 rock and 893 soil samples were collected in December 2025. Drilling, awaiting final permits now expected in Q2, has been rescheduled to Q3; the PEA remains expected in Q3 2026.
Drill resultsThe Right Time for Calico's Preliminary Economic Assessment
SLR Consulting was engaged on March 18, 2026 to lead a Preliminary Economic Assessment of the Calico silver project in San Bernardino County, California. The PEA will assess mine design options, processing approaches and provide initial capital and operating cost estimates, with parallel metallurgical and geotechnical programs feeding into later Pre-Feasibility and Feasibility studies. Apollo is also a member of the U.S. Defense Industrial Base Consortium, and Calico hosts barite and zinc resources.
Study resultsApollo Reports Results of Annual General Meeting and Appointment of New Executive Chair and Lead Director
Shareholders approved all matters at the March 27, 2026 annual general meeting, including setting the board at seven directors, electing all seven nominees, re-appointing Davidson and Company LLP as auditors, and re-approving the Omnibus Incentive Plan. Thomas Peregoodoff was appointed Executive Chair and Steven Thomas Lead Independent Director, both effective immediately. Andrew Bowering, who received 98.79% of votes for, continues as a director, key advisor and spokesperson for the company.
CorporateApollo Silver Initiates Preliminary Economic Assessment for the Calico Project
SLR Consulting (Canada) Ltd. has been engaged to lead a Preliminary Economic Assessment on the Calico Silver Project in San Bernardino County, California, and to provide geotechnical and metallurgical advisory support, including test work at the Waterloo deposit. Precision GeoSurveys US Inc. completed a high-resolution airborne magnetic and radiometric survey covering approximately 632-line km at 50-metre line spacing over the Waterloo and Mule properties to support drill targeting.
Study resultsApollo Silver Ranks 13th Overall in the 2026 TSX Venture 50™
Apollo Silver Corp. has been named a 2026 Top 50 Company by the TSX Venture Exchange, ranking 13th overall in the TSX Venture 50, which ranks the top performers among over 1,600 TSXV issuers on market capitalization growth, share price appreciation and trading value. The company cited 383% share price appreciation, 484% market capitalization growth and a 460% increase in total trading value in Canada over the past year.
CorporateApollo Silver Announces Return of Tom Peregoodoff as Board Nominee and Prospective Executive Chair
Tom Peregoodoff, a former President and CEO of Apollo Silver, has been nominated for election to the Board at the annual general meeting on March 27, 2026, and if elected the Board intends to appoint him Executive Chair. Founder Andrew Bowering will step down as Chair after the meeting and continue as a Director. Audit Committee Chair Steven Thomas will become Lead Independent Director concurrent with Peregoodoff's appointment.
ManagementApollo’s Calico Fits Long-Term Strategic US Economic & Defense Policy
A corporate commentary discusses the January 14 U.S. presidential Proclamation under Section 232 of the Trade Expansion Act of 1962 on processed critical minerals and derivative products, following the November 2025 addition of silver to the U.S. List of Critical Minerals, and positions the Calico project in San Bernardino County, California against it. Calico's resource is cited as 125 million ounces of silver in 55 million tonnes at 71 g/t (Measured and Indicated) and 58 million ounces in 25 million tonnes at 71 g/t (Inferred), plus indicated 2.7 million tonnes barite and 354 million pounds zinc. The company also notes its recent acceptance into the U.S. Defense Industrial Base Consortium.
NewsApollo Silver Accepted into U.S. Defense Industrial Base Consortium
Acceptance into the U.S. Defense Industrial Base Consortium, a U.S. Department of Defense-supported initiative focused on strategic and critical materials and domestic critical mineral supply chains, has been granted to Apollo Silver. Membership provides opportunities to participate in federally sponsored initiatives related to the mining and processing of silver, zinc and barite. The Company's Calico Project in the U.S. hosts silver mineralization alongside barite and zinc, which are on the USGS List of Critical Minerals; silver was added in November 2025.
CorporateApollo Silver Closes Second and Final Tranche of $27.5 Million Private Placement Offering, with a $12.5 Million Investment from Jupiter Asset Management
The second and final tranche of a non-brokered private placement closed with 2,500,000 units issued at $5.00 per unit for gross proceeds of $12,500,000, bringing the fully subscribed offering to $27,500,000. A fund managed by Jupiter Asset Management subscribed for all units in the tranche and now holds 7,452,456 common shares and 3,807,200 warrants, about 11.9% non-diluted and 16.9% partially diluted. Each unit includes one warrant exercisable at $7.00 for 24 months; finder's fees of $312,500 were paid to BMO Capital Markets. Proceeds will advance the Calico Silver Project in San Bernardino, California and support community relations at Cinco de Mayo in Chihuahua, Mexico.
FinancingApollo Silver Closes First Tranche of $27.5 Million Private Placement Offering Including $2.355 Million Investment from Insiders
The first tranche of an upsized non-brokered private placement closed with 3,000,000 units issued at $5.00 per unit for gross proceeds of $15,000,000, each unit comprising one share and one warrant exercisable at $7.00 for 24 months. Eric Sprott subscribed for 2,500,000 units for $12,500,000, lifting his holding to 10.3% non-diluted, while insiders took 471,000 units for $2,355,000; finder's fees of $312,500 were paid to Research Capital Corporation. A fund managed by Jupiter Asset Management will be issued units in a final tranche, subject to TSXV acceptance. Proceeds will advance the Calico Silver Project in California and community relations at Cinco de Mayo in Chihuahua, Mexico.
FinancingAdvancing Apollo in a Strengthening Silver Market
A shareholder letter from President and CEO Ross McElroy sets out 2026 plans for the Calico Project in San Bernardino County, California, and Cinco de Mayo in Mexico. Calico work will include geotechnical and metallurgical studies, initiation of development-stage permitting, and exploration targeting the Waterloo gold zone and the Mule claims acquired in 2025, following a 2025 resource update that raised Measured and Indicated tonnage 61% and contained silver 14% and added barite and zinc. At Cinco de Mayo, an Ejido general assembly is expected in early 2026 to vote on rescinding the access ban.
News
202525 releases
Apollo Silver Announces $2.5 Million Upsize to Previously Announced Financing to Allow for Insider Participation
A previously announced non-brokered private placement has been upsized by $2,500,000, to be subscribed primarily by insiders, for aggregate gross proceeds of up to $27,500,000 through up to 5,500,000 units at $5.00 per unit. Each unit includes one common share and one warrant exercisable at $7.00 for 24 months from closing. Eric Sprott and a Jupiter Asset Management fund will each subscribe for 2,500,000 units ($25,000,000 combined), leaving them with roughly 9.5% and 12% undiluted.
FinancingApollo Silver Announces $25 Million Strategic Investment by Eric Sprott and Jupiter Asset Management
A $25,000,000 non-brokered private placement of 5,000,000 units at $5.00 per unit has been arranged, with Eric Sprott and a fund managed by Jupiter Asset Management each subscribing for 2,500,000 units. Each unit comprises one common share and one-half warrant exercisable at $7.00 for 24 months from closing. Post-closing, the Jupiter Fund will hold about 12.1% and Sprott about 9.6% undiluted; proceeds will fund exploration and development across the Company's projects and working capital. Closing is subject to TSXV approval.
FinancingApollo Silver Announces Correction to Warrant Terms of $25 Million Strategic Investment by Eric Sprott and Jupiter Asset Management
Each unit in the previously announced $25,000,000 non-brokered private placement of 5,000,000 units at $5.00 per unit will consist of one common share and one full common share purchase warrant, rather than a one-half warrant as originally announced. Each warrant is exercisable at $7.00 for 24 months from closing. Securities are subject to a four-month hold period, finder's fees may be payable, and closing is subject to TSXV approval. Proceeds will fund exploration and development and working capital.
FinancingApollo Silver Secures 100% Interest in Athena Claims at Langtry
A 100% interest in 36 unpatented lode mining claims at the Langtry Property, part of the Calico Silver Project in San Bernardino County, California, has been acquired after completing payments under a December 21, 2020 option agreement with Athena Minerals, at an aggregate price of US$1,000,000, including a final cash payment of US$950,000. Athena retains a 1% NSR royalty, capped so total royalty burden on any claim does not exceed 2%. Apollo also has 34,903,440 warrants outstanding at $3.95, expiring July 8, 2026.
AcquisitionApollo Silver Advances Community Discussions at Cinco de Mayo
Community engagement discussions have been held with elected representatives of the Ejido Benito Juárez, Municipio de Buenaventura and other local groups regarding the Cinco de Mayo Project in Chihuahua, Mexico, aimed at rescinding the property access ban imposed in November 2012 and establishing a long-term access agreement. The draft framework includes a 30-year benefit structure with annual payments to the community totalling approximately US$50 million over the agreement's life, plus an extension option. A general assembly vote is anticipated in early 2026.
CorporateApollo Silver Announces 2026 Exploration and Development Program for its U.S. based Calico Project
A 2026 exploration and development program is planned for the Calico Silver Project in San Bernardino County, California. It includes a 4,500 m HQ diameter core drill program starting mid-Q1 and running through Q2 2026 for geotechnical and metallurgical work, 1,000 m of NQ core drilling at the Burcham gold target on Waterloo in Q1–Q2 2026, metallurgical test work targeting improvement on historic silver recoveries of about 65%, early-stage permitting and baseline environmental monitoring, geological mapping, gravity, IP and airborne magnetic surveys, and a Q4 2026 LiDAR survey of historical underground workings.
Drill resultsApollo Silver Engages Equedia Network Corporation for Communications and Advisory Services
Equedia Network Corporation has been engaged to provide communications, marketing and advisory services under a consulting agreement dated November 25, 2025, for a three-month term and a one-time fee of US$350,000 plus applicable taxes. Equedia, an arm's-length provider based in Richmond, British Columbia, holds 6,000 Apollo Silver common shares acquired in the open market and will receive no shares, options or other securities as compensation. The engagement is subject to TSX Venture Exchange approval.
CorporateApollo Silver Grants Incentive RSUs
An aggregate of 750,000 restricted share units has been granted to certain officers and directors of Apollo Silver Corp. under the Company's Omnibus Incentive Plan dated December 12, 2024, as approved by the Board of Directors and in accordance with TSX Venture Exchange policies. The RSUs vest in three equal tranches over 36 months, with each RSU entitling the holder to one common share upon vesting.
CorporateSilver Added to USGS 2025 List of Critical Minerals
Silver has been added to the USGS 2025 List of Critical Minerals, one of 10 minerals included by the US Department of the Interior, which the company says strengthens the case for its Calico Silver Project to be considered under the Fast-41 permitting program. Calico, in San Bernardino County, California, has an updated Measured and Indicated resource of 55 Mt at 71 g/t Ag for 125 Moz silver, plus 17.6 Mt at 71 g/t Ag for 58 Moz inferred. The US imported 64% of its silver consumption in 2024.
NewsApollo Silver Closes $26.78 Million Private Placement Offering
A non-brokered private placement closed with total gross proceeds of $26,775,648 from 7,437,680 units, including a final tranche of 455,973 units at $3.60 per unit for $1,641,503, following a first tranche of $25,134,145. Each unit includes one common share and one warrant exercisable at $5.50 for 24 months, subject to acceleration if shares close at $7.50 or more for ten consecutive trading days. Proceeds will advance the Calico Silver Project in California and the Cinco de Mayo Project in Chihuahua, Mexico.
FinancingApollo Silver Closes Initial $25 Million Tranche of Private Placement Offering
Gross proceeds of $25,134,145 were raised in the first tranche of an upsized non-brokered private placement through the issuance of 6,981,707 units at $3.60 per unit. Each unit includes one common share and one warrant exercisable at $5.50 for 24 months, subject to acceleration if shares close at $7.50 or higher for ten consecutive trading days. A final tranche of 455,973 units for $1,641,503 is expected to close in the coming days, bringing the total to $26,775,648. Proceeds will advance the Calico Silver Project in San Bernardino, California, and support community relations at the Cinco de Mayo Silver Project in Chihuahua, Mexico.
FinancingApollo Files NI 43-101 Technical Report for the Calico Silver Project Updated Mineral Resource Estimate
An NI 43-101 technical report for the updated Mineral Resource Estimate at the Calico Silver Project in San Bernardino County, California has been filed, dated October 16, 2025 with an effective date of June 30, 2025, prepared by Stantec Consulting Ltd. It contains no material differences from results disclosed on September 4, 2025, which included combined Measured and Indicated resources of 55 Mt at 71 g/t silver for 125 Moz silver, plus inaugural barite and zinc resources and Inferred gold of 17 Mt at 0.25 g/t for 0.13 Moz.
Resource updateApollo Silver Meets Top County Leaders at San Bernardino County Forum
Participation in a September 30, 2025 industry luncheon with San Bernardino County's new Land Use Director, Miguel Figueroa, hosted by County Chair Dawn Rowe and former Chairman Robert Lovingood, brought together County and industry leaders on mining's economic role. The County has over 90 active mine sites and US$60 billion of mineral reserves permitted in the last 15 years. Apollo Silver's Calico Project, near Barstow, is largely on private land with vested mining rights.
CorporateApollo Silver Announces Upsize of Private Placement Offering
A previously announced non-brokered private placement has been upsized to up to 7,437,680 units at $3.60 per unit for gross proceeds of up to $26,775,648. Each unit includes one common share and one warrant exercisable at $5.50 for 24 months, subject to acceleration if shares close at $7.50 or more for ten consecutive trading days after four months and one day from closing. Proceeds will advance the Calico Silver Project in San Bernardino, California, support community relations at Cinco de Mayo in Chihuahua, Mexico, property maintenance and general corporate purposes. Insiders will participate, and closing requires TSXV approval.
FinancingApollo Silver Announces $20.88 Million Private Placement Offering
A non-brokered private placement of up to 5,800,000 units at $3.60 per unit for gross proceeds of up to $20,880,000 was launched by Apollo Silver. Each unit comprises one common share and one warrant exercisable at $5.50 for 24 months, subject to acceleration if shares close at $7.50 or more for ten consecutive trading days after four months and one day from closing. Proceeds will advance the Calico Silver Project in San Bernardino, California, support community relations at Cinco de Mayo in Chihuahua, Mexico, cover property maintenance and general corporate purposes. Closing is subject to TSXV approval, with a four-month hold period.
FinancingApollo Silver Engages Capital Analytica for Marketing and Social Media Services
Triomphe Holdings Ltd., doing business as Capital Analytica, an arm's-length provider based in Nanaimo, British Columbia, has been engaged to provide social media services, capital markets consultation and social engagement reporting under a consulting agreement dated September 22, 2025, for an initial six-month term and a fee of US$120,000 payable in two tranches, subject to TSX Venture Exchange approval. President and CEO Ross McElroy has also been appointed to the Board of Directors, effective immediately.
CorporateApollo Announces Effective Date of Share Consolidation
A five-to-one share consolidation will take effect on September 15, 2025, reducing Apollo Silver's issued and outstanding shares from 242,610,395 to approximately 48,522,067. The company's name and trading symbol remain unchanged, with new CUSIP 03370A307 and ISIN CA03770A3073, and post-consolidation shares expected to begin trading on the TSX Venture Exchange on or about September 15, 2025. Options, warrants and other convertible securities will be adjusted proportionately, with fractional shares rounded to the nearest whole share.
CorporateApollo Increases Measured and Indicated Silver Resource Estimate at Calico Project
An updated mineral resource estimate for the Calico Silver Project in San Bernardino County, California, effective June 30, 2025, puts Waterloo Measured and Indicated resources at 55 Mt grading 71 g/t silver for 125 Moz, a 61% tonnage increase and 14% more silver ounces than the March 6, 2023 estimate, plus 0.6 Mt at 26 g/t Ag Inferred. Inaugural barite and zinc resources total 36 Mt Indicated at 7.4% BaSO4 and 0.45% Zn, and 17 Mt Inferred at 3.9% BaSO4 and 0.71% Zn. Inferred gold rose 86% to 17 Mt at 0.25 g/t for 0.13 Moz, with Langtry Inferred at 24 Mt grading 73 g/t Ag for 57 Moz.
Resource updateApollo to Proceed with 5-for-1 Share Consolidation
Apollo Silver intends to proceed with a share consolidation on the basis of five pre-consolidation shares for every one post-consolidation share. The company currently has 242,585,395 shares issued and outstanding and will have approximately 48,517,079 shares following the consolidation. No fractional shares will be issued, with holdings rounded to the nearest whole number and no cash paid for fractions. The consolidation was approved by the Board on October 2, 2024 and remains subject to TSX Venture Exchange approval, with the effective date to be announced.
CorporateApollo Expands Project Team; Receives Drill Permit for Calico Silver Project
A third extension of the Temporary Use Permit for the Waterloo Property has been approved by San Bernardino County, allowing exploration drilling at the Calico Silver Project in California for the next 12 months. An amendment to the Strachan option on the Langtry Property extends the expiry from December 24, 2025 to December 24, 2034, raises the purchase price to the greater of US$7.0 million or the spot price of 250,000 troy ounces of silver, and adds US$3.9 million in creditable annual maintenance payments. Tony Gonzales, P.Geo., was appointed Senior Project Manager.
CorporateApollo Silver Congratulates Equinox Gold on FAST-41 Permitting
Equinox Gold's Castle Mountain Project has been accepted into the United States' FAST-41 program, intended to streamline and derisk permitting. Castle Mountain is located 165km from Apollo Silver's Calico silver and barite project, both in San Bernardino County, California. Apollo said the acceptance highlights the government's determination to accelerate domestic mine development.
CorporateApollo Silver Engages CDMG for Marketing Services
Creative Direct Marketing Group, Inc. of Nashville, Tennessee has been engaged to provide marketing and advertising services for an aggregate total of US$1,620,357, payable in tranches and subject to TSXV approval. Under work orders dated August 14, 2025, the campaign covering online platforms and physical marketing including direct mail is expected to run from September 2025 through November 2025, with no performance-based conditions and no securities as compensation. Apollo Silver also granted 4,415,000 options at $0.44, 2,350,000 RSUs and 1,400,000 DSUs.
CorporateApollo Silver Enters into Investor Relations Agreement
An investor relations agreement has been signed with Vancouver-based Matthews Investments, which will receive C$7,000 per month payable monthly in arrears for an initial three-month term, with the option for Apollo Silver to renew quarterly thereafter. Matthews Investments and its principals hold no securities of Apollo but may participate in a future financing or buy shares in the open market. The agreement is subject to TSX Venture Exchange approval.
CorporateApollo Silver Expands Calico Project Land Package by over 285%
Apollo Silver has acquired 2,215 hectares of claims contiguous to its Waterloo property at the Calico Silver Project in San Bernardino County, California, expanding the land package by over 285% from 1,194 ha to 3,409 ha. The Mule claims, comprising 415 lode mining claims, were bought from LAC Exploration LLC for US$250,000 cash, with LAC retaining a 2.0% NSR royalty, 1.0% of which is buyable for US$1,000,000. Sampling at the Burcham gold prospect returned peaks of 14.10 g/t Au, 20.70 g/t Ag, 0.17% Cu, 22.80% Zn and 5.74% Pb from 27 surface samples.
CorporateApollo Silver Appoints Ross McElroy as President and CEO
Ross McElroy has been appointed President and CEO of Apollo Silver, effective immediately, succeeding Andrew Bowering, who remains Chair of the Board. McElroy co-founded Fission Uranium and led it as CEO through its $1.14 billion acquisition by Paladin Energy, and is a professional geologist with over 38 years of industry experience. He was granted 2,500,000 incentive stock options exercisable at $0.315 per common share, with a five-year term, vesting one-third on grant and one-third each at 12 and 24 months.
Management