Northwire Canada EditionFriday, November 13, 2026
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Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2% Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2%
Financings

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

Sprott-Backed Mega-Financing Secures 2026 Drill Program and Signals Deep-Pocketed Institutional Confidence

By The Northwire Desk — AI Analysis Dec 29, 2025 · 07:00 APGO · 5.66 Apollo Silver Corp.
Executive Summary

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.

Material Impact

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.

APGO · Price
Company Overview

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.

Read the original news release →

More from Apollo Silver Corp.

Oct 29, 2026 · 07:00

Apollo’s preliminary economic assessment for the project yields a us$737m net present value at us$55/oz, despite ounces falling and capital expenditure reaching five times the market capitalisation.

Resource Estimate Sep 21, 2026 · 10:39

Apollo’s Ejido vote was adjourned, pushing the Cinco de Mayo access decision to October.

Production / Operations Sep 14, 2026 · 07:00

Apollo secures community water pledge ahead of September 20 Ejido vote to mitigate social license risk.

Regulatory Sep 10, 2026 · 14:28

Apollo’s community vote lifts the 12-year exploration moratorium at Cinco de Mayo, advancing the project’s social license.

Production / Operations Jul 16, 2026 · 07:00

Apollo appoints a new CEO with finance expertise as the Calico project advances toward a PEA and drilling in Q3 2026.

Management May 11, 2026 · 08:55

Apollo Silver Confirms High-Grade Targets at Calico Despite Drilling Delays

Drill Results