Core Viewpoint - Apollo Silver Corp. has been accepted into the U.S. Defense Industrial Base Consortium (DIBC), highlighting the strategic importance of U.S.-based critical mineral assets, particularly silver, barite, and zinc, in supporting national security and defense priorities [5][4]. Company Overview - Apollo Silver is advancing one of the largest undeveloped primary silver projects in the U.S., the Calico Project, which contains significant silver mineralization along with barite and zinc, classified as critical minerals essential for various industrial and defense applications [3][6]. - The company also holds an option on the Cinco de Mayo Project in Mexico, which features a major high-grade carbonate replacement deposit [6]. Industry Context - The DIBC focuses on enhancing the resilience and security of domestic critical mineral supply chains, which are vital for U.S. defense and industrial applications [2]. - Membership in the DIBC allows Apollo Silver to engage in federally sponsored initiatives related to the mining and processing of critical minerals, aligning with U.S. priorities on supply-chain security and industrial resilience [4][5].

Core Viewpoint - Apollo Silver Corp. has been accepted into the U.S. Defense Industrial Base Consortium (DIBC), which aims to enhance collaboration across industry, academia, and government to support U.S. defense and national security priorities [1][4]. Group 1: DIBC Membership - The DIBC focuses on strategic and critical materials essential to U.S. national security, including initiatives to improve the resilience and security of domestic critical mineral supply chains [2]. - As a member of the DIBC, Apollo Silver will engage in federally sponsored initiatives related to the mining and processing of critical minerals such as silver, zinc, and barite [4]. - The acceptance into the DIBC highlights the strategic importance of U.S.-based critical mineral assets, particularly silver, which was included in the USGS List of Critical Minerals in November 2025 [5]. Group 2: Company Projects - Apollo Silver's Calico Project hosts significant silver mineralization along with barite and zinc, which are classified as critical minerals and are vital for industrial, infrastructure, and defense applications [3]. - The company is advancing the second largest undeveloped primary silver project in the U.S., with the Calico Project recognized for its large, bulk minable silver deposit and significant barite and zinc credits [6]. - Apollo Silver also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which features a major high-grade carbonate replacement deposit [6]. Group 3: Leadership and Strategy - The company is led by an experienced management team, positioning it to advance its assets and deliver value through exploration and development [6]. - The CEO of Apollo Silver emphasized the company's alignment with U.S. priorities focused on supply-chain security, industrial resilience, and national defense [5].

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].