Core Viewpoint - Shine Minerals Corp. is progressing towards a proposed transaction to acquire all outstanding shares of Red Cloud Silver Ltd., which is part of its strategy to reactivate its listing on the TSX Venture Exchange [1][2][3]. Group 1: Proposed Transaction Details - The proposed transaction involves an option to acquire 11,100,000 common shares of Red Cloud Silver Ltd. as per a definitive agreement dated December 23, 2025 [1]. - The completion of the transaction is subject to customary conditions, including approvals from the TSX Venture Exchange [2]. - A finder's fee of 1,000,000 common shares will be paid to an arm's-length finder, contingent upon compliance with applicable securities laws [2]. Group 2: Company Background - Shine Minerals Corp. is a Canada-based company focused on the acquisition, exploration, evaluation, and development of mineral resource assets [4]. - The proposed transaction is aimed at reactivating Shine's status from the NEX board to a Tier 2 Mining Issuer in accordance with TSXV Policy [3].

Core Viewpoint - Apollo Silver Corp. has successfully closed the second and final tranche of its upsized non-brokered private placement, raising a total of $27,500,000 to advance its silver projects [1][6]. Group 1: Offering Details - The second tranche involved the issuance of 2,500,000 units at a price of $5.00 per unit, resulting in gross proceeds of $12,500,000 [1]. - The total gross proceeds from the entire offering amount to $27,500,000, indicating strong investor interest [1]. - The Jupiter Fund managed by Jupiter Asset Management subscribed for all units in the second tranche [2]. Group 2: Shareholder Information - Following the offering, the Jupiter Fund holds 7,452,456 common shares and 3,807,200 common share purchase warrants, representing approximately 11.9% of the company's outstanding shares on a non-diluted basis and about 16.9% on a partially diluted basis [3]. Group 3: 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 [6]. Group 4: Company Overview - Apollo Silver is focused on advancing one of the largest undeveloped primary silver projects in the U.S., with the Calico project hosting a significant silver deposit along with barite and zinc credits [8]. - The company also holds an option on the Cinco de Mayo Project, which features a high-grade carbonate replacement deposit [8].

Core Viewpoint - Apollo Silver Corp. has successfully closed the first tranche of its upsized non-brokered private placement, raising a total of $15,000,000 by issuing 3,000,000 units at a price of $5.00 per unit [1] Group 1: Offering Details - The first tranche included significant participation from Eric Sprott, who subscribed for 2,500,000 units, contributing $12,500,000 to the total proceeds [2] - Insiders of Apollo Silver also participated in the first tranche, acquiring a total of 471,000 units for gross proceeds of $2,355,000 [7] - The offering consists of units that include one common share and one common share purchase warrant, with each warrant allowing the purchase of a share at an exercise price of $7.00 for 24 months [9] Group 2: Shareholder Impact - Following the first tranche, Eric Sprott's ownership increased to 6,188,889 shares and 3,888,889 warrants, representing approximately 10.3% of the outstanding shares on a non-diluted basis and 15.8% on a partially-diluted basis [4] - Sprott's long-term investment strategy may involve acquiring additional securities or selling existing ones depending on market conditions [5] Group 3: 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 [11][12] Group 4: Regulatory and Market Context - The first tranche remains subject to final approval from the TSX Venture Exchange [8] - The offering is classified as a "related party transaction" under Multilateral Instrument 61-101, with exemptions from certain requirements due to the market capitalization of the company [7]

Summary of the U.S. Geological Survey's Methodology and Technical Input for the 2025 U.S. List of Critical Minerals Industry Overview - The report focuses on the mineral commodities critical to the U.S. economy, assessing the potential effects of supply chain disruptions on the U.S. economy, particularly in light of the Energy Act of 2020 [16][20]. Core Findings and Arguments - The analysis evaluates mineral commodity supply risk using two main criteria: 1. Economic effects assessment quantifying potential impacts of trade disruptions on U.S. GDP. 2. Examination of reliance on a sole domestic producer, which represents a single point of failure [16][23]. - The study assessed over 1,200 scenarios for 84 mineral commodities, revealing that disruptions could lead to a net decrease in U.S. GDP ranging from nearly $4.5 billion to an increase of $33 million, reflecting U.S. import dependency and global production concentration [16][22]. - Six mineral commodities were recommended for inclusion on the List of Critical Minerals (LCM) based on their risk assessment: - Potash - Silicon - Copper - Silver - Rhenium - Lead Two commodities, arsenic and tellurium, were recommended for removal from the LCM [17][16]. Important but Overlooked Content - The report highlights the increasing risks associated with foreign supply disruptions, particularly due to recent export controls from China on several minerals, including antimony, gallium, and germanium [19][20]. - The methodology used in this assessment represents a significant advancement over previous assessments by incorporating an economic effects model that allows for direct comparison against other economic risks and costs of risk mitigation strategies [17][22]. - The report emphasizes the importance of reliable supplies of mineral commodities for maintaining and growing the U.S. economy, given their essential role in various technologies and industries [19][20]. Conclusion - The findings underscore the critical nature of certain mineral commodities to U.S. economic security and the need for ongoing assessment and strategic planning to mitigate risks associated with supply chain disruptions [16][17].

Core Viewpoint - Shine Minerals Corp. has entered into a definitive option to acquire agreement with Red Cloud Silver Ltd. for the acquisition of 11,100,000 common shares, aiming to reactivate its status on the TSXV [1][2]. Company Overview - Shine Minerals Corp. is a Canada-based company focused on the acquisition, exploration, evaluation, and development of mineral resource assets [9]. Proposed Transaction Details - The agreement allows Shine to acquire RCS shares by issuing 6,500,000 post-Consolidation common shares to RCS shareholders on a pro rata basis, without initially acquiring ownership interest in RCS [3]. - After completing $2,000,000 in exploration expenditures on the Project within one year, Shine may exercise its option to acquire 100% of RCS shares by issuing an additional 14,200,000 post-Consolidation shares and paying $650,000 in cash [4]. Project Information - RCS holds an option to acquire a 100% interest in the Silver District Exploration Project in Arizona, with a total payment obligation of US$1.4 million to Gulf + Western Industries, Inc. by October 31, 2028 [5]. - If the RCS Option is exercised, Gulf will retain a 2% net smelter return royalty [5]. Financial Aspects - Prior to closing the Proposed Transaction, the company will complete a 5-for-1 share consolidation and a non-brokered private placement for gross proceeds of approximately C$1,000,000 at C$0.06 per pre-Consolidation share [6]. Market Context - The CEO of Shine highlighted a structural supply deficit in the silver market, with demand outpacing mine production, and noted that prominent investors foresee significant price increases for silver [2].

Core Viewpoint - Apollo Silver Corp. has increased its non-brokered private placement by an additional $2,500,000, bringing total gross proceeds to up to $27,500,000 through the issuance of up to 5,500,000 units at a price of $5.00 per unit [1][2] Group 1: Upsized Offering Details - The Upsized Offering will be primarily subscribed by insiders, including major shareholders Eric Sprott and the Jupiter Fund, each participating with 2,500,000 units for a combined total of $25,000,000 [2] - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the purchase of one share at an exercise price of $7.00 for 24 months from the closing date [3] - The net proceeds from the Upsized Offering will be used for exploration and development activities, as well as general working capital and corporate purposes [4] Group 2: Regulatory and Compliance Information - The closing of the Upsized Offering is subject to regulatory approval from the TSX Venture Exchange [5] - The participation of insiders constitutes a "related party transaction" under Multilateral Instrument 61-101, exempting it from certain valuation and minority shareholder approval requirements [6] Group 3: Company Overview - Apollo Silver 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 [8] - The company also holds an option on the Cinco de Mayo Project in Mexico, which features a major high-grade carbonate replacement deposit [8]

Core Viewpoint - Apollo Silver Corp. is conducting a non-brokered private placement offering of 5,000,000 units at a price of $5.00 per unit, aiming for total gross proceeds of $25,000,000, with participation from its largest shareholders, Eric Sprott and the Jupiter Fund [1][2]. Group 1: Offering Details - The offering consists of 5,000,000 units priced at $5.00 each, totaling $25 million in gross proceeds [1]. - Each unit includes one common share and one-half common share purchase warrant, with warrants exercisable at $7.00 for 24 months [3]. - The Jupiter Fund and Eric Sprott will each subscribe for 2,500,000 units, resulting in ownership stakes of approximately 12.1% and 9.6% respectively, on an undiluted basis [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to fund exploration and development activities across the company's projects, as well as for general working capital and corporate purposes [4]. Group 3: Company Overview - Apollo Silver is advancing one of the largest undeveloped primary silver projects in the US, the Calico project, which has a significant silver deposit and barite credits [7]. - The company also holds an option on the Cinco de Mayo Project in Mexico, known for its high-grade carbonate replacement deposit [7]. - Apollo Silver is led by an experienced management team, positioning the company to deliver value through exploration and development [7].

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].

Core Viewpoint - Apollo Silver Corp. is advancing its 2026 Exploration and Project Development Program at the Calico Silver Project, capitalizing on the strengthening silver market and the designation of silver as a U.S. critical mineral, which emphasizes the need for domestic supply [2][5]. Project Development Program - The 2026 Program includes a 4,500 meter HQ diameter core drill program aimed at obtaining material for geotechnical and metallurgical analysis, along with the initiation of development-level permitting activities [6][7]. - Project development activities will focus on metallurgical studies, geotechnical work, and permitting, with a drilling program designed to support these efforts [3][6]. Exploration Activities - Planned exploration activities consist of exploration drilling, property-scale mapping, and geophysical surveys, including airborne and ground methods to assist in defining future drill targets [3][9]. - A 1,000 meter NQ diameter exploration drilling program is set to test the Burcham gold target, aiming to expand the existing gold resource [10]. Geological and Geophysical Studies - Geological mapping will continue throughout 2026, supported by a multi-method geophysical program that includes gravity, Induced Polarization (IP), and magnetic surveys to characterize subsurface mineralization [11][12]. - The program will also involve laboratory analysis, including petrographic studies and soil/rock assays, to refine geological mapping and drill target identification [14]. Metallurgical and Geotechnical Focus - Metallurgical test work will evaluate processing options and seek to improve upon historical silver recoveries, currently estimated at approximately 65% [12]. - Geotechnical data collection will support engineering and mine design, ensuring alignment with ongoing technical advancements [12]. Company Overview - Apollo Silver is recognized for advancing one of the largest undeveloped primary silver projects in the U.S., with the Calico project hosting significant silver, barite, and zinc deposits, which are critical to the U.S. energy and medical sectors [16].

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].