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Grizzly Provides Geophysical Program Updates to Define Precious and Critical Minerals Targets at Its Greenwood Projects, BC Canada

Edmonton, Alberta–(Newsfile Corp. – May 25, 2026) – Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) (“Grizzly” or the “Company”) is pleased to announce that it has recently received results from the Phase 2 Induced Polarization (IP) Survey at the Sappho Target area by Peter Walcott & Associates and the Company has commenced a Phase 1 IP survey at the Greyhound – Motherlode area near the town of Greenwood. In addition, the Company has received the results of early 2026 sampling at the Greenwood, BC Precious and Critical Minerals Project from APEX Geoscience Ltd. (APEX). The collection of a total of 63 rock grab and sand (tailings) samples has resulted in the discovery of one new metal occurrence at the Motherlode Northeast (NE) area, along with a number of excellent copper (Cu) – gold (Au) results from some old workings outside of but along the east side of the Motherlode Pit, the Sunset Pit area, the Greyhound Pit area and at the Sappho Prospect. The targets are all part of the Greenwood, BC Precious and Critical Minerals Project (Figure 1).

The focus of the 2026 program will be additional Induced Polarization (IP) surveys at the Sappho and Motherlode areas, along with trenching and drilling at Midway, targeting the historical Midway Mine. The initial drill program at the Sappho Skarn Target area has been completed with a total of 1,485 m in 7 holes. The core is being logged and sampled and results will be provided as they are received. Additional Phase 2 drilling is also planned for the Sappho area to test the recently discovered and new IP chargeability anomaly to the southeast of the main skarn area. Additional prospecting, mapping and reconnaissance sampling will be conducted across the entire project area throughout 2026.

IP and Sampling 2026 Highlights

  • Phase 2 Sappho IP results extend the IP Chargeability Anomaly up to 500 m south and 1 km east and is open in both directions (Figures 2 and 3).
  • The core of the IP Chargeability Anomaly ranges from 30 mV/V up to 85 mV/V in intensity, and in many instances is coincident with a strong resistivity anomaly or in some cases a weak conductivity anomaly (Figures 2 and 3).
  • A total of 63 rock grab samples were collected in January – February from the Motherlode-Greyhound area, the Motherlode and Phoenix historical tailings areas, from the Sappho skarn target area and the Rock Creek area (Figures 2 and 3).
  • A new showing, Motherlode Northeast, has been discovered approximately 780 m northeast of the Motherlode pit and recent grab samples have returned up to 5.12 grams per tonne (g/t) Au, 66.7 g/t silver (Ag) and 0.528% Cu (Figures 2 and 3; Table 1).
  • A number of samples with anomalous Cu and Au were collected from a series of workings along the east side of the Motherlode pit, that have been uncovered with recent logging of the Motherlode area, including four rock grab samples returning a range of 0.709% Cu up to 1.8% Cu and 1.37 g/t Au up to 3.61 g/t Au (Figures 2 and 3; Table 1).
  • Two rock grab samples collected from a rubble pile previously unsampled at the southeast corner of the Sunset Pit have returned 1.505% Cu and 1.71% Cu along with 2.42 g/t Au and 3.1 g/t Au, and 17.8 and 29.9 g/t Ag (Figures 2 and 3; Table 1).
  • Grab samples from fine sand and silt at the Motherlode Tailings area and one of the Phoenix Tailings areas has returned up to 0.145% Cu and 0.416 g/t Au from the Motherlode Tailings material and up to 0.16% Cu and 0.831 g/t Au from the Phoenix Tailings material (Figures 2 and 3; Table 1).
  • A rock grab sample collected from the Sappho Skarn Target returned 4.77% Cu, 0.018% cobalt (Co) and 12.3 g/t Ag (Figures 2 and 3; Table 1).

Brian Testo, President and CEO of Grizzly Discoveries, stated, “The results from the geophysical programs at our Sappho target, Midway and Motherlode area, continue to define the most prospective areas and the potential for new precious metals and critical mineral discoveries. The IP survey has outlined an extensive porphyry type anomaly at Sappho and we are excited to receive drilling results from the Sappho Target. We look forward to additional trenching and drilling at Midway along with additional exploration for significant precious metals and critical minerals prospects across our entire 170,000+ acre land holdings in the Greenwood District!“

Figure 1: Land position and targets discussed in this News Release, Greenwood Project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/298716_49c115b414496a5f_002full.jpg

Figure 2. Greenwood East IP Survey Results and Au Results from 2026 Rock Grab Samples.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/298716_49c115b414496a5f_003full.jpg

Figure 3. Greenwood East IP Survey Results and Cu Results from 2026 Rock Grab Samples.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/298716_49c115b414496a5f_004full.jpg

Table 1. Summary Highlights Rock Grab Samples Early 2026 Exploration.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/298716_grizzlytableone.jpg

Plans for Summer and Fall 2026 Exploration at Greenwood

Trenching, rock and soil sampling along with drilling at the Midway Target area is being planned for summer and fall 2026. The IP surveys are continuing at Motherlode and there are extension lines being planned for Sappho to try and close out the large chargeability anomaly that has been identified in the 2026 surveys to date (Figures 2 and 3). The amount of drilling will depend upon the financing efforts and weather.

Additional results, including the results of the recently completed Phase 1 Sappho Skarn Target drilling will be forthcoming over the next coming months as work progresses and will be presented in additional news releases.

Quality Assurance and Control

Rock, soil samples and core are being analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 accredited facility). Gold was assayed using a fire assay with atomic emission spectrometry and gravimetric finish when required (+10 g/t Au). Rock grab and rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.

The sampling program was undertaken by Company personnel under the direction of Michael B. Dufresne, M.Sc., P.Geol., P.Geo.. A secure chain of custody is maintained in transporting and storing of all samples.

The technical content of this news release and the Company’s technical disclosure has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., P.Geo., who is a non-independent Consultant and Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

ABOUT GRIZZLY DISCOVERIES INC.

Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 72,700 ha (approximately 180,000 acres) of precious and critical minerals properties in southeastern British Columbia. Grizzly is run by a highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.

On behalf of the Board,

GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President

Suite 363-9768 170 Street NW
Edmonton, Alberta T5T 5L4
Email : info@grizzlydiscoveries.com

For further information, please visit our website at www.grizzlydiscoveries.com or contact:

Nancy Massicotte
Corporate Development
Tel: 604-315-1455
Email: nancy@grizzlydiscoveries.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution concerning forward-looking information

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedarplus.ca. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298716

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Base Metals Energy Junior Mining Precious Metals

M42 Expands Defense and National Security Strategy Through Epirus Partnership and Fairfax International Defense Capabilities

DALLAS, TX / ACCESS Newswire / May 22, 2026 / Messier 42 LLC (“M42”), a private leading global artificial intelligence technology and digital transformation company, today announced that M42’s wholly owned subsidiary, Fairfax National Security Solutions LLC (“Fairfax”), has entered into a teaming arrangement with Epirus Inc. Under the agreement, Fairfax is expected to drive the compliant marketing and sales of select Epirus advanced counter-drone technologies to approved U.S. and allied government customers. M42 believes the agreement represents an important step in expanding Fairfax’s role as an international defense channel.

This agreement highlights the strategic importance of M42’s previously announced agreement to acquire a minority interest in Epirus, a high-growth defense technology company developing advanced counter-drone systems, including the Leonidas family of solid-state, software-defined, high-power microwave systems.

Epirus’ Leonidas platform is designed as a solid-state, high-power microwave system that uses advanced electronics and software-defined capabilities for counter-drone applications. This technology is designed to address the rapidly expanding threat posed by drones across military, homeland security, critical infrastructure, and allied defense environments.

Fairfax will serve as a compliant international channel to support the introduction, engagement, and potential sale of select Epirus counter-drone solutions into approved foreign markets. Fairfax is registered with the U.S. government as an exporter of defense training, equipment, and related defense services and solutions under the Arms Export Control Act and International Traffic in Arms Regulations, enabling participation in U.S. government and approved allied defense programs.

“Unmanned or drone systems are changing the character of modern conflict, creating an urgent need for scalable, sophisticated, and highly adaptable defensive capabilities,” said Patrick M. Walsh, Admiral, US Navy (ret), former Vice Chief of Naval Operations, former Commander, US Pacific Fleet, and a member of M42’s Advisory Board. “M42’s strategy brings together advanced technology, national security expertise, regulatory discipline, and allied-market access at a time when governments are seeking practical and affordable solutions to emerging drone threats. By combining Epirus’ leading counter-drone technology with Fairfax’s defense advisory and international compliance capabilities, M42 is positioning itself to support allied partners in addressing one of the most important defense challenges of our time.”

M42 believes the combination of Epirus’ technology with Fairfax’s national security and compliance infrastructure will create a significant long-term strategic opportunity. M42 expects Fairfax to play a central role in supporting disciplined, compliant, and targeted international engagement with approved allied governments and defense stakeholders.

“This is exactly the type of opportunity M42 was built to pursue,” said a spokesperson for M42. “The global defense environment is moving quickly, and the need for advanced counter-drone capabilities is no longer theoretical. Through our relationship with Epirus and our acquisition of Fairfax, M42 is bringing together leading technology, trusted national security leadership, and a compliant international defense platform. We believe this combination has the potential to become a meaningful contributor to M42’s long-term growth and free cash flow profile, while supporting allied governments in addressing urgent and evolving security needs.”

M42 previously announced its agreement to acquire a minority interest in Epirus in October 2025. The Company also announced its agreement to acquire Fairfax in March 2026 as part of the expansion of its Defense and National Security Unit.

About M42

M42 is a global leader in technology solutions and digital transformation, providing innovative services across various industries. As a syndicate leveraging AI for justice, truth and fairness, M42 combines deep expertise in artificial intelligence, cloud computing, and cybersecurity to drive growth and efficiency for its clients worldwide.

Forward Looking Statements

This document contains certain forward-looking statements within the meaning of Private Securities Litigation Reform Act of 1995. Forward-looking statements, including those related to M42, are statements that are based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond M42’s control. Except as required by law, M42 does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.

M42 Contacts

Matthew Selinger, Senior Partner
Integrous Communications
Email: mselinger@integcom.us
Phone: 415-572-8152
Website: https://m42.com/

Visit us on social media:

Facebook = https://www.facebook.com/m42ai/
Instagram = https://www.instagram.com/m42_ai_/
X: https://x.com/M42_AI_

SOURCE: M42

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Apollo Silver Ranks 13th Overall in the 2026 TSX Venture 50™

VANCOUVER, British Columbia, Feb. 18, 2026 (GLOBE NEWSWIRE) — Apollo Silver Corp. (“Apollo Silver” or the “Company”) (TSX.V:APGO; OTCQB:APGOF; Frankfurt:6ZF) is pleased to announce that it has been recognized as a 2026 Top 50 Company by the TSX Venture Exchange (“TSXV”).

The TSX Venture 50™ is an annual ranking of the top performing companies from the past year on TSXV based on three equally weighted criteria: market capitalization growth, share price appreciation and trading value. The TSX Venture 50™ showcases the top 50 of the over 1,600 TSXV issuers.

“We are honoured to be recognized as a member of the 2026 TSX Venture 50™,” said Ross McElroy, President and CEO of Apollo Silver. “This recognition reflects the strong performance of our shares over the past year, including 383% share price appreciation, a 484% growth in market capitalization and a 460% increase in total trading value in Canada. We thank our shareholders for their ongoing support.”

Over the past year, Apollo Silver has advanced exploration and technical programs at its flagship Calico Project in California and continued community engagement efforts and social-licence initiatives at its Cinco de Mayo Project in Mexico. With silver increasingly recognized as a critical mineral and growing industrial demand supporting a constructive market environment, Apollo Silver remains focused on disciplined execution and long-term value creation for shareholders.

ABOUT APOLLO SILVER CORP.

Apollo Silver is advancing the second largest undeveloped primary silver project in the US. The Calico Project hosts a large, bulk minable silver deposit with significant barite and zinc credits – recognized as critical minerals essential to the U.S. energy, industrial and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy
President and CEO

For further information, please contact:

Email: info@apollosilver.com

Telephone: +1 (604) 428-6128

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding “Forward-Looking” Information

This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the continued advancement and development potential of the Company’s projects, including the Calico Project and the Cinco de Mayo Project and the Company’s future plans, objectives and expectations. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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Base Metals Energy Junior Mining Precious Metals

Apollo Silver Accepted into U.S. Defense Industrial Base Consortium

Vancouver, British Columbia, February 02, 2026 – Apollo Silver Corp. (“Apollo Silver” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF) is pleased to announce that it has received acceptance into the U.S. Defense Industrial Base Consortium (“DIBC”), a U.S. Department of Defense-supported initiative designed to support collaboration across industry, academia, and government in advancing solutions relevant to U.S. defense and national security priorities.

The DIBC focuses on strategic and critical materials and technologies essential to U.S. national security, including initiatives to improve the resilience and security of domestic critical mineral supply chains that support defense and industrial applications[1].

Apollo Silver’s U.S.-based Calico Project hosts significant silver mineralization alongside barite and zinc, which are classified as critical minerals on the USGS List of Critical Minerals and play important roles in industrial, infrastructure, and defense-related applications.

As a member of the DIBC, Apollo Silver joins a network of traditional and non-traditional defense contractors, research institutions, and federal agencies working to advance innovation at speed. Membership provides the Company with opportunities to engage in federally sponsored initiatives related to critical materials supply chains, including the mining and processing of silver, zinc, and barite.

“Apollo Silver’s acceptance into the DIBC reflects the growing strategic importance of U.S.-based critical mineral assets, including silver, following its inclusion on the USGS List of Critical Minerals in November 2025,” said Ross McElroy, President and CEO of Apollo Silver. â€śWith one of the largest undeveloped primary silver assets in the United States and meaningful exposure to industrial critical minerals such as barite and zinc, we believe Apollo Silver is well positioned to align with U.S. priorities focused on supply-chain security, industrial resilience, and national defense.”

About Apollo Silver Corp.

Apollo Silver is advancing the second largest undeveloped primary silver projects in the US. The Calico Project hosts a large, bulk minable silver deposit with significant barite and zinc credits – recognized as critical minerals essential to the U.S. energy, industrial and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy

President and CEO

For further information, please contact:

Email: info@apollosilver.com

Telephone: +1 (604) 428-6128

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding “Forward-Looking” Information

This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expected benefits of the Company’s acceptance into the U.S. Defense Industrial Base Consortium (“DIBC”), the Company’s ability to maintain its membership in the DIBC and pursue opportunities arising therefrom, and the advancement and development potential of the Company’s projects, including the Calico Project and the Cinco de Mayo Project. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with the Company’s ability to maintain DIBC membership and realize anticipated benefits therefrom; changes in government priorities, programs, funding or procurement processes; the risk that membership in the DIBC does not result in any specific contracts, funding, or other opportunities; risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

[1] https://www.dibconsortium.org/

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🚨 $1.4 Billion CEO Reveals His Next Silver Play

New Orleans Investment Conference, Proven And Probable

Register Here: New Orleans Investment Conference

đź”— Connect with Apollo Silver Corp.:
APOLLO SILVER: TSX.V: APGO | OTCQB: APGOD
Website: https://apollosilver.com/
Phone: 1 (604) 428-6128
Info: info@apollosilver.com
Corporate Deck: http://bit.ly/42ekw60
Calico 43-101: http://bit.ly/3IFBxiM
Ciinco De Mayo 43-101: http://bit.ly/42KNhHE

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Proven and Probable Presents: A Ponderous Consideration of Apollo Silver, by a Fellow Who Ain’t a Fool (Usually)

Apollo Silver – https://apollosilver.com/

TSX.V: APCO | OTCQB: APGOF | Frankfurt: 6ZF0

Now, I’ve seen a thing or two in my time, from the muddy banks of the Mississippi to the wild, woolly, and mostly-full-of-lies silver rushes out West. The talk of riches—it’s like a siren’s song, ain’t it? It’ll make a man forget his grammar, his good sense, and sometimes his very trousers. The world is full of fellows who’d sell you a gold brick made of brass, and another sort who’ll show you a hole in the ground and swear it’s a direct-to-Heaven express line for your pocketbook.

And so it is, that a body must approach a matter of finance with a mind as clear as a bottle of good whiskey before the cork’s been pulled. And I’ve been looking at this Apollo Silver business, and it’s a curious thing, a right proper puzzle for a man who’s seen a few. It ain’t about the grand promises of a bonanza that’ll make you the next Rockefeller, a-building libraries and a-dressing in finery. No sir. That kind of talk is for the greenhorns and the giddy.

What’s to be said for Apollo is a different tune entirely. It’s a calm, measured sort of melody, like a riverboat gliding on a Sunday afternoon. You see, they’ve got this Calico project out in California, and another one, Cinco de Mayo, down in Mexico. And when they speak of it, they ain’t waving their arms about or using words too big for their boots. They’re talking about a mineral resource. And not just a vague promise, but numbers that have been “measured,” “indicated,” and “inferred.” That’s the part that sticks to a man’s ribs like a good meal.

And there’s history to back it up, too. The Calico district ain’t some new-fangled idea; it’s a place where they’ve been pulling silver from the earth for a long spell. Back in 1881, after a big discovery, Calico became a real humdinger of a town. It was a place that produced millions of dollars in silver over a dozen years, a wild and colorful place that drew in folks from all over the globe, a town with a name that came right from the “calico-colored” mountains themselves. A fella by the name of Walter Knott, who had a berry farm and a fondness for history, even went and restored the old place after it became a ghost town. So, the ground there, it’s got a reputation.

And in that reputable ground, they’ve got a proper accounting. The Calico project is said to hold a mighty 110 million ounces of silver in the “Measured and Indicated” category, which is a powerful lot of the shiny stuff. And on top of that, there’s another 51 million ounces of silver in the “Inferred” category. That’s a sum a body can get his head around.

Now, as for the Cinco de Mayo project down in Chihuahua, Mexico, well, that region is a whole other book of stories. Mexico’s got a history with silver that goes back centuries, and a fella who knows a thing or two about rocks will tell you that the very geology of the area is famous for these “carbonate replacement deposits,” the kind that have been responsible for a good 40% of all the silver ever pulled out of the ground in that country. And while their report on this project is of a historical nature, it still speaks to a substantial resource, with a historical estimate of 52.7 million ounces of silver in the “Inferred” category. It’s a testament to the region’s long-standing character.

Now, I’ve seen men go bust on a whim, throwing their money at some fly-by-night scheme with a map that had more flourishes than truth. But this here, this is a matter of geography and common sense. It’s in places where they’ve been digging silver for a hundred years, and where the land itself seems to say, “Why yes, there’s more where that came from.” And the folks in charge—they’ve got a long-standing acquaintance with the business of pulling wealth from the earth, not just from the pockets of others.

So, a man must ask himself, what’s the virtue in this? The virtue is in the lack of fancy. It’s a bet on what’s already there, not what might be. It’s the difference between a high-stakes poker game where you might lose your shirt, and a man walking into a store to buy a new one. It ain’t a get-rich-quick scheme. It’s a slow, deliberate trundle down the road of reason. And in a world where every huckster with a shovel has a story to tell, a story about a resource measured and counted is a mighty comfortable thing to rest your hat on.

(Please note: Apollo Silver is a sponsor of Proven And Probable, and we are biased.)

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Rick Rule – Where Wealth is Made Now

New Orleans Investment Conference, Proven And Probable

Register Here:
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Platinum Jumps to Highest Since 2014 on Mounting Supply Concerns

(Bloomberg) — Platinum surged to its highest level since 2014 as supply concerns and a wave of speculative buying jolted the market.

The precious metal surged as much as 4.6%, while palladium was up more than 5% at one point. Gold edged higher as investors waited for clearer signs that Israel-Iran tensions won’t spill over again, and for more certainty on the Federal Reserve’s interest rate path.

“The recent surge in Chinese investment and jewelry replacement is shining a spotlight on platinum’s supply deficit,” said Justin Lin, an analyst at Global X ETFs. “Palladium and platinum are intrinsically linked as they can be substituted for one another for use in autocatalysts depending on relative prices, so we can expect some positive momentum in palladium off of platinum’s rally.”

The dominant platinum spot market in London and Zurich has shown signs of tightness for months, after approximately half a million ounces surged into US warehouses, spurred by a lucrative arbitrage and fear of tariffs.

Forward prices for platinum are now trading well below spot, a situation known as backwardation, which indicates tight market conditions. The implied cost of borrowing the metal is also still high, at an annualized rate of roughly 13% for a one-month lease, well above the usual rate of close to zero.

Platinum surged 3.4% to $1,400.75 an ounce as of 11:25 a.m. in London and palladium jumped 2.4% to $1,093.46. Gold rose 0.2% to $3,339.20 and silver added 1%. The Bloomberg Dollar Spot Index declined 0.5%.

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