Apollo Silver: Capitalized, Strategically Backed, and Positioned for the Next Silver Cycle
In a recent episode of Proven and Probable, host Maurice Jackson spoke with Ross McElroy President and CEO of Apollo Silver, to discuss the company’s latest financing, strategic shareholder support, and its growth strategy amid a strengthening silver market.
Apollo Silver recently completed a $27.5 million financing, increasing its treasury to nearly $60 million. The raise was led primarily by strategic investors and insiders, most notably Eric Sprott and Jupiter Asset Management, Apollo Silver’s two largest shareholders. Their continued participation and increased ownership underscore strong institutional confidence in the company’s assets, leadership, and execution capability.
The majority of the capital will be deployed at Apollo Silver’s Calico Project in San Bernardino County, California, one of the largest primary silver deposits in the United States. Calico hosts an updated mineral resource totaling approximately 125 million ounces of silver in the Measured and Indicated category, with an additional 58 million ounces inferred. Planned work includes advanced metallurgical testing, geotechnical studies, recovery optimization, mine planning, and exploration across an expanded land package.
Mr. McElroy addressed investor concerns regarding California as a mining jurisdiction, emphasizing that San Bernardino County is mining-friendly, with a long history of active mining operations and strong local support for responsible resource development.
In addition to Calico, Apollo Silver controls the Cinco de Mayo Project in Chihuahua, Mexico, a high-grade carbonate replacement deposit originally discovered by MAG Silver. The project hosts a substantial historic resource and significant expansion potential. Should Apollo Silver secure a long-term access agreement with the local community, Cinco de Mayo has the potential to become a company-making flagship asset, given its scale, grade, and jurisdiction.
The conversation also explored silver’s evolving role as both a precious and industrial metal, particularly following its designation as a U.S. critical mineral. With rising demand from solar energy, electronics, defense applications, and persistent global supply deficits, Apollo Silver is positioning itself to benefit from favorable long-term market fundamentals.
With a strong balance sheet, top-tier shareholders, two world-class silver assets in stable jurisdictions, and an experienced management team, Apollo Silver enters the coming year with multiple catalysts and a clear path forward.
Company Information
Apollo Silver Corp.
🌐 https://apollosilver.com
📊 TSX-V: APGO | OTCQB: APGOF