Apollo Silver Secures 100% Interest in Athena Claims at Langtry

Core Viewpoint - Apollo Silver Corp. has successfully completed the acquisition of 100% interest in the Athena Claims, part of the Calico Silver Project, enhancing its position in the silver mining sector [1][2][3]. Group 1: Acquisition Details - The acquisition of the Athena Claims was finalized under the Option to Purchase Agreement, with a total purchase price of US$1,000,000, of which US$950,000 was the final cash payment after credits for prior payments [2]. - The Company made an initial payment of US$15,000 in December 2020, followed by annual payments of US$25,000 from 2021 to 2024 [2]. Group 2: Royalty Agreement - Apollo Silver has granted a 1% net smelter return (NSR) royalty to Athena Minerals on future mineral production from the Athena Claims, with a total royalty burden not exceeding 2% on any claim [3]. Group 3: Project Significance - The Calico Silver Project is one of the largest undeveloped silver projects in the U.S., with a Mineral Resource Estimate of 125 million ounces (Moz) of silver in the Measured and Indicated category and 58 Moz in the Inferred category [4]. - The project is strategically important due to the designation of silver as a critical mineral in the U.S. and the growing industrial demand for secure domestic supply [4]. Group 4: Company Overview - Apollo Silver is advancing one of the largest undeveloped primary silver projects in the U.S., with significant barite and zinc credits recognized as critical minerals essential to the U.S. energy and medical sectors [8]. - The Company also holds an option on the Cinco de Mayo Project in Mexico, which features a high-grade carbonate replacement deposit [8]. Group 5: Outstanding Warrants - As of December 18, 2025, Apollo Silver had 34,903,440 outstanding share purchase warrants, each exercisable into one common share at an exercise price of $3.95, expiring on July 8, 2026 [7].