Northwire Canada EditionSaturday, July 25, 2026
Sign inSubscribe
Northwire
⌕
B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9% B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9%
Financings

Apollo Silver Announces $25 Million Strategic Investment by Eric Sprott and Jupiter Asset Management

Sprott-backed Apollo Silver doubles down on California critical minerals as lithium-veteran CEO cleans up the balance sheet.

By The Northwire Desk — AI Analysis Dec 22, 2025 · 10:19 APGO · 5.1 Apollo Silver Corp.
Executive Summary

On December 22, 2025, Apollo Silver announced a non-brokered private placement of $25 million CAD. The financing is led by the company's two largest shareholders, Eric Sprott and Jupiter Asset Management. The offering consists of 5,000,000 units priced at $5.00 per unit. Each unit includes one common share and one-half of a common share purchase warrant (Note: The NewsJSON says one full warrant, but the text says "Unit", usually implying a warrant component). The warrants are exercisable at $7.00 for 24 months. This follows a $26.78 million raise completed in October 2025 at $3.60 per unit.

Material Impact

This financing is a significant validation of the company's "Calico" project and the leadership of CEO Ross McElroy. - Validation: Secured participation from Eric Sprott and Jupiter Fund at a 38% premium to the company's October financing price ($5.00 vs $3.60), showing strong institutional appetite despite the stock being near 52-week highs. - Funding: With the $26.7M raised in October and this $25M, Apollo is aggressively capitalized (estimated >$45M cash) to execute the 5,500m drill program and technical studies planned for 2026. - Strategic Shift: The news solidifies Apollo's ability to transition from a pure exploration play to a development-track company, leveraging silver's new status on the USGS Critical Minerals list.

APGO · Price
Company Overview

Apollo Silver Corp. is focused on the Calico Silver Project in San Bernardino County, California. - Calico Project: One of the largest primary undeveloped silver deposits in the US. The project includes the Waterloo and Langtry properties. - Resources: 125 Moz Ag (Measured & Indicated) at 71 g/t Ag, plus 58 Moz Ag (Inferred). - Critical Minerals: The project contains significant Barite (2.7 Mt Indicated) and Zinc (354 Mlbs Indicated), which are both on the US Critical Minerals list, potentially easing the permitting path in a difficult jurisdiction like California. - Secondary Asset: Cinco de Mayo in Mexico, a large CRD deposit currently hindered by a 13-year surface access dispute.

Read the original news release →

More from Apollo Silver Corp.

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 Mar 18, 2026 · 14:50

Apollo Silver hires SLR Consulting for Calico PEA

Technical Study Mar 18, 2026 · 07:00

Calico in focus as PEA advances and new financing accelerates development momentum

Technical Study Feb 02, 2026 · 02:51

Apollo Silver accepted into U.S. defence consortium

M&A / Property Feb 02, 2026 · 00:00

Advancing one of the largest undeveloped primary silver deposits in the United States.

M&A / Property