Apollo Silver Announces $2.5 Million Upsize to Previously Announced Financing to Allow for Insider Participation

The most recent news (December 29, 2025) announces a $2.5 million upsize to a non-brokered private placement, bringing total gross proceeds to $27.5 million. The units are priced at $5.00, consisting of one common share and one warrant exercisable at $7.00 for 24 months. Crucially, the financing includes participation from major existing shareholders Eric Sprott and Jupiter Asset Management, alongside insider participation. This follows a string of material updates including the acquisition of 100% of the Athena claims at the Langtry property (Dec 18), the announcement of a 5,500m drill program for 2026 (Dec 11), and a previous $26.7 million financing closed in October.

This financing is transformative for Apollo Silver. - Balance Sheet De-risking: Following the ~$26.7M raise in October, this additional $27.5M brings the total capital raised in Q4 2025 to over $54M. This completely removes any short-term "going concern" risk and provides a multi-year runway for exploration and development. - Institutional Endorsement: Participation by Eric Sprott and Jupiter Asset Management at $5.00—a level significantly higher than the $3.60 raise in October—indicates strong institutional support and a willingness to back the company at higher valuations. - Execution Capability: The capital is explicitly earmarked for the 2026 program at the Calico Silver Project, which includes 4,500m of geotechnical/metallurgical drilling and 1,000m of exploration drilling. This funding ensures the company does not need to return to the market during the execution of these critical catalysts.

Apollo Silver focuses on the Calico Silver Project in San Bernardino County, California. - The Resource: One of the largest primary undeveloped silver deposits in the U.S. - Current Stats: 125 Moz Ag (Measured & Indicated) at 71 g/t Ag, plus 58 Moz Ag (Inferred). - Optionality: The project includes significant barite and zinc credits, both of which are on the US Critical Minerals list. - Other Assets: The Cinco de Mayo project in Mexico is a high-grade CRD deposit currently hindered by a 12-year access ban, which management is attempting to resolve in 2026.