Advancing one of the largest undeveloped primary silver assets in the U.S. in a rising silver and critical minerals market. VANCOUVER, British Columbia, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Apollo Silver Corp. (“Apollo Silver” or the “Company”) (TSX.V:APGO; OTCQB:APGOF; Frankfurt:6ZF) is pleased to announce details of its 2026 Exploration and Project Development Program (the “2026 Program”) at the Company’s Calico Silver Project (“Calico” or the “Project”) located in San Bernardino County, California. The 202 ...

Core Insights - Apollo Silver Corp. has engaged Equedia Network Corporation for communications and advisory services, adhering to TSX Venture Exchange policies and applicable securities laws [1][2]. Group 1: Engagement Details - Equedia will provide services for a three-month term with a one-time fee of US$350,000, plus applicable taxes [2]. - Equedia currently holds 6,000 common shares of Apollo Silver and may purchase additional shares during the agreement term, but will not receive any shares or options as compensation [3]. Group 2: Company Overview - Apollo Silver is advancing one of the largest undeveloped primary silver projects in the U.S., the Calico Project, which has significant barite and zinc credits [4]. - The company has also optioned the Cinco de Mayo Project in Chihuahua, Mexico, known for its high-grade and large tonnage CRD deposit [4]. - Apollo Silver is led by an award-winning management team, indicating a strong growth strategy aligned with the scale of opportunities in the sector [4].

Core Points - Apollo Silver Corp. has approved the grant of 750,000 Restricted Share Units (RSUs) to certain officers and directors as part of its Omnibus Incentive Plan [1][2] - The RSUs will vest in three equal tranches over a period of 36 months, with each RSU entitling the holder to receive one common share upon vesting [2] Company Overview - Apollo Silver Corp. is advancing the second largest undeveloped primary silver project in the United States, known as the Calico Project, which contains a significant bulk minable silver deposit along with barite and zinc credits [3] - The company has also optioned the Cinco de Mayo Project in Chihuahua, Mexico, which features a major high-grade and large tonnage CRD deposit [3] - Apollo is led by an award-winning management team and is focused on a growth strategy that aligns with the scale of the opportunities available in the market [3]

Core Viewpoint - Apollo Silver Corp. has successfully closed the first tranche of its upsized non-brokered private placement, raising gross proceeds of $25,134,145 through the issuance of 6,981,707 units at a price of $3.60 per unit, with a total offering amount of $26,775,648 expected to be completed shortly [1][3]. Group 1: Offering Details - The first tranche consists of 6,981,707 units, with each unit comprising one common share and one common share purchase warrant, exercisable at $5.50 for 24 months [2]. - The offering includes an acceleration provision for the warrants, allowing the company to expedite their expiry if the share price exceeds $7.50 for ten consecutive trading days [2]. - The company will pay finder's fees totaling $826,549 in connection with the first tranche, payable in cash and/or units to various financial institutions [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to advance the Calico Silver Project in California, support community relations at the Cinco de Mayo Silver Project in Mexico, cover ongoing property maintenance costs, and for general corporate purposes [3]. Group 3: Insider Participation - Certain insiders participated in the offering, acquiring a total of 405,557 units for gross proceeds of $1,460,005.20, which is classified as a related party transaction [4]. Group 4: Company Overview - Apollo Silver Corp. is advancing one of the largest undeveloped primary silver projects in the U.S., the Calico project, which hosts a significant silver deposit along with barite and zinc credits [6]. - The company also holds an option on the Cinco de Mayo Project in Mexico, known for its high-grade carbonate replacement deposit [6].

Core Insights - Apollo Silver Corp. has filed an independent technical report for the updated Mineral Resource Estimate (MRE) for the Calico Silver Project, highlighting significant increases in silver and gold resources [1][2][4] Summary by Sections Technical Report - The report titled "NI 43-101 Technical Report and Mineral Resource Estimate for the Calico Silver Project" is dated October 16, 2025, with an effective date of June 30, 2025 [2] - Prepared by Stantec Consulting Ltd. in accordance with NI 43-101 standards, the report shows no material differences from previous disclosures [3] Mineral Resource Estimate Highlights - The 2025 MRE indicates a combined Measured and Indicated total of 55 million tonnes (Mt) at a grade of 71 grams per tonne (g/t) silver, totaling 125 million ounces (Moz) of silver, representing a 61% increase in tonnage and a 14% increase in silver ounces [6][8] - Inferred resources include 0.6 Mt at a grade of 26 g/t silver for a total of 0.51 Moz [6] - The updated Langtry MRE includes 24 million tonnes at a grade of 73 g/t silver for a total silver content of 57 Moz [6][8] - The report also includes inaugural estimates for barite and zinc resources, with significant quantities reported [6][8] Economic Considerations - The MRE update accounts for changes in commodity prices and mining costs since 2022/2023, enhancing the project's economic viability [5] - Sensitivity analyses indicate the resilience of the silver resource to changes in metal prices, suggesting significant growth opportunities remain [6] Project Overview - The Calico Project is located in San Bernardino County, California, encompassing 8,283 acres and is strategically positioned near infrastructure [9] - The geology of the project features a district-scale mineral system with a mineralized strike length of approximately 6,000 meters [10] Qualified Persons - The technical data has been reviewed and approved by independent Qualified Persons from Stantec, ensuring credibility in the resource estimation process [11][12] Company Background - 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 [13]

Core Insights - Apollo Silver Corp. participated in an industry luncheon with San Bernardino County officials, emphasizing the importance of mining for economic growth and innovation in the region [1][2][3] Industry Overview - San Bernardino County is California's largest mining jurisdiction with over 90 active mine sites, contributing significantly to the state and national supply of silver and critical minerals [2] - The County has permitted US$60 billion in mineral reserves over the past 15 years, showcasing strong support for responsible mineral development [2] Company Developments - Apollo Silver is advancing the Calico Project, which is one of the largest undeveloped primary silver projects in the U.S., located near Barstow, California [3][4] - The Calico Project has historical significance, having generated over US$2 billion in today's dollars from silver and borax, and is strategically positioned due to its critical minerals, including silver, barite, and zinc [3] - The project is primarily situated on private land with vested mining rights, which may facilitate its development [3] Strategic Positioning - The presence of critical minerals at the Calico Project enhances its strategic position in the permitting process, aligning with the U.S. draft 2025 Critical Minerals List [3] - Apollo Silver also holds an option on the Cinco de Mayo Project in Mexico, which features a high-grade carbonate replacement deposit [4]

Core Insights - Apollo Silver Corp. has engaged Capital Analytica for marketing and social media services, with a contract valued at US$120,000 for an initial six-month term [1][2] - Ross McElroy, the current CEO and President, has been appointed to the Board of Directors, bringing over 38 years of mining industry experience [2][3] - Apollo Silver is advancing one of the largest undeveloped primary silver projects in the US, the Calico Project, which includes significant barite credits [4] Company Engagements - Capital Analytica will provide social media services, capital markets consultation, and social engagement reporting, subject to TSX Venture Exchange approval [1] - The consulting services agreement was signed on September 22, 2025, and payment will be made in two tranches [1] Leadership - Ross McElroy has a distinguished background in the mining industry, recognized for his contributions to the discovery of world-class uranium and gold orebodies [3] - His accolades include being named The Northern Miner's "Mining Person of the Year" in 2013 and receiving the PDAC's "Bill Dennis Award" in 2014 [3] Project Overview - The Calico Project is noted for its large, bulk minable silver deposit, which is critical for the US energy and medical sectors [4] - The company has also optioned the Cinco de Mayo project in Chihuahua, Mexico, known for its high-grade and large tonnage CRD deposit [4]

Core Viewpoint - Apollo Silver Corp. will proceed with a consolidation of its common shares at a ratio of five pre-Consolidation Shares for one post-Consolidation Share, effective September 15, 2025 [1][2]. Share Consolidation Details - The total number of shares currently issued and outstanding is 242,610,395, which will reduce to approximately 48,522,067 post-Consolidation [2]. - No fractional shares will be issued; any resulting fractions will be rounded to the nearest whole Share [3]. - The Company's outstanding incentive stock options, warrants, and other convertible securities will be adjusted proportionately to reflect the 5:1 Consolidation ratio [3]. Administrative Process - A letter of transmittal will be sent to registered shareholders with instructions for exchanging pre-Consolidation Shares for post-Consolidation Shares [4]. - Shareholders can obtain additional copies of the letter of transmittal through the Transfer Agent [4]. Company Overview - Apollo Silver Corp. is advancing one of the largest undeveloped primary silver projects in the U.S., the Calico project, which has significant barite credits [5]. - The Company also holds an option on the Cinco de Mayo Project in Mexico, known for its high-grade carbonate replacement deposit [5]. - Apollo is led by an experienced management team, positioning the Company to deliver value through exploration and development [5].

Core Viewpoint - Apollo Silver Corp. has announced an updated independent Mineral Resource estimate for its Calico Silver Project, showing significant increases in silver, barite, and zinc resources, enhancing the project's overall value and potential for development [1][4][37]. Mineral Resource Estimate - The 2025 Mineral Resource estimate (MRE) for the Waterloo property indicates a total of 55 million tonnes (Mt) at a grade of 71 grams per tonne (g/t) silver, equating to 125 million troy ounces (Moz) of silver, representing a 61% increase in tonnage and a 14% increase in silver ounces compared to the previous estimate [1][5][6]. - The Inferred category now includes 0.51 Moz of silver in 0.6 Mt at an average grade of 26 g/t [5][37]. - The Langtry property has an Inferred resource of 57 Moz of silver in 24 Mt at an average grade of 73 g/t [5][37]. Additional Resources - The updated resource includes inaugural estimates for barite (2.7 Mt at 7.4% BaSO4) and zinc (354 million pounds at 0.45% Zn) in the Indicated category, with additional Inferred resources of 0.65 Mt BaSO4 and 258 million pounds Zn [6][37]. - Gold resources have increased by 86% in the Inferred category, totaling 0.13 Moz in 17 Mt at a grade of 0.25 g/t [6][37]. Project Development Potential - The Calico Project is noted for its low economic strip ratio of 0.8:1, indicating favorable conditions for extraction [6][8]. - The presence of additional critical minerals such as barite and zinc aligns with U.S. critical mineral lists, enhancing the project's strategic importance [4][6]. - Future exploration is expected to target further mineralization along strike and at depth, particularly for gold and silver [6][8]. Geological Context - The Calico Project is located in San Bernardino County, California, and features a mineralized strike length of approximately 6,000 meters, primarily composed of silver-dominant epithermal vein-type and stockwork-type mineralization [35][36]. - The mineralization at both the Waterloo and Langtry properties is characterized by shallow depths, which supports the potential for economic extraction [8][36]. Management Commentary - The President and CEO of Apollo Silver Corp. emphasized the increasing value, scale, and optionality of the Calico Project, highlighting the potential for further discoveries and the upcoming Preliminary Economic Assessment (PEA) [4].

Core Viewpoint - Apollo Silver Corp. is proceeding with a share consolidation, converting five pre-consolidation shares into one post-consolidation share, aimed at enhancing market conditions and investor interest [1][2]. Share Consolidation Details - The consolidation will reduce the number of issued and outstanding shares from 242,585,395 to approximately 48,517,079 [3]. - No fractional shares will be issued; any fractional shares will be rounded to the nearest whole number without cash compensation [4]. - A letter of transmittal will be sent to registered shareholders for exchanging share certificates, while those holding shares in brokerage accounts will have their holdings adjusted electronically [5]. Regulatory and Approval Aspects - The consolidation is subject to regulatory approval from the TSX Venture Exchange, and a subsequent news release will announce the effective date once approval is received [6]. Company Overview - Apollo Silver Corp. is advancing one of the largest undeveloped primary silver projects in the US, the Calico project, which has significant barite credits essential for the US energy and medical sectors [7]. - The company also holds an option on the Cinco de Mayo Project in Mexico, which features a high-grade carbonate replacement deposit [7].