Apollo Silver Corp - APGOF STOCK NEWS

Apollo Silver Corp. (APGOF) has announced its 2025 work program for the Calico Silver Project in California and provided updates on the Cinco de Mayo Project in Mexico. The program focuses on two main components: expanding the 2023 Waterloo Mineral Resource Estimate (MRE) by defining and potentially adding barite, and conducting mapping and sampling in the Burcham Mine area.

The company plans to initiate a comprehensive barite work program, recognizing barite's status as a USGS-listed critical mineral. The current Waterloo MRE contains 110 million ounces of silver at 100 g/t Ag in Measured and Indicated categories, and 70,000 oz gold at 0.5 g/t Au.

The barite program will include re-assaying historical and recent drill pulps using X-Ray Fluorescence, starting February 2025. The Burcham program will involve detailed surface mapping, rock sampling, and approximately 1,000 metres of exploration core drilling to better understand gold mineralization.

Apollo Silver Corp (APGOF) provided a corporate update highlighting key developments. The company secured an option to acquire the Cinco de Mayo Silver Project in Mexico, completed a C$13.5M financing with support from notable investors including Eric Sprott, and strengthened its management team. To acquire 100% of Cinco de Mayo, Apollo must obtain necessary permits and complete 20,000 meters of exploration drilling within five years, after which it will issue MAG Silver Corp. shares equivalent to 19.9% of Apollo's outstanding shares. The company plans to commence barite resource estimation work and gold exploration at the Calico Silver Project in California in 2025.

Apollo Silver Corp. has successfully closed a non-brokered private placement, raising C$13.5 million through the issuance of 67,500,000 common shares at C$0.20 per share. Notable investor Eric Sprott contributed C$2 million to the offering. The proceeds will fund the advancement of the Calico Silver Project in California and the newly optioned Cinco de Mayo Silver Project in Mexico, along with community relations initiatives and general corporate purposes. The company will pay C$334,000 in finder's fees, and the shares are subject to a four-month hold period. Company Chairman Andrew Bowering participated with a C$500,000 investment.

Apollo Silver Corp. (TSX.V:APGO, OTCQB:APGOF) has announced a further increase in its non-brokered private placement due to significant interest. The company will now offer up to 67,500,000 common shares at a price of $0.20 per share, aiming to raise aggregate gross proceeds of up to $13,500,000. The net proceeds will be used to advance the Calico Silver Project in California, invest in community relations at the newly optioned Cinco de Mayo Silver Project in Mexico, cover ongoing property maintenance costs, and for general corporate purposes. The offering is subject to TSX Venture Exchange approval, and all securities issued will have a four-month hold period from the closing date.

Apollo Silver Corp. (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) has announced an upsizing of its non-brokered private placement due to significant interest. The company will now offer up to 60,000,000 common shares at a price of $0.20 per share, for aggregate gross proceeds of up to $12,000,000. The net proceeds will be used to:

• Advance the Calico Silver Project in California
• Invest in community relations initiatives at the newly optioned Cinco de Mayo Silver Project in Mexico
• Cover ongoing property maintenance costs at both projects
• General corporate purposes

The shares will be subject to a four-month hold period from the closing date. Finder's fees may be payable on a portion of the funds. The offering's closing remains subject to TSX Venture Exchange approval.

Apollo Silver Corp. (TSX.V:APGO, OTCQB:APGOF) has announced a non-brokered private placement offering of up to 50,000,000 shares at $0.20 per share, aiming to raise $10 million. The proceeds will be used to advance the Calico Silver Project in California, invest in community relations at the newly optioned Cinco de Mayo Silver Project in Mexico, and for general corporate purposes.

Following the offering, the company plans a 5:1 share consolidation, reducing the expected 224,693,729 shares to approximately 44,938,746. Additionally, Apollo Silver has appointed Alex Tsakumis to its Board of Directors and Amandip Singh as Vice President of Corporate Development, strengthening its leadership team with experienced mining industry professionals.

Apollo Silver Corp. (TSX.V:APGO, OTCQB:APGOF) has entered into an option agreement with MAG Silver Corp. to acquire the Cinco de Mayo Project in Chihuahua, Mexico. The project comprises 29 concessions totaling approximately 25,000 hectares and hosts carbonate replacement type deposits, including the Upper Manto Pb-Zn-Ag (Au) deposit and the Pozo Seco Mo-Au deposit.

Key points:

• Historical inferred resource for Upper Manto: 12.45 million tonnes at 132 g/t Ag, 2.86% Pb, 6.47% Zn, 0.24 g/t Au
• Pozo Seco historical indicated resource: 29.1 million tonnes at 0.147% Mo and 0.25 g/t Au
• Apollo Silver must obtain necessary licensing and complete 20,000 m of exploratory drilling within five years
• Upon exercise of the option, Apollo will issue shares to MAG equivalent to 19.9% of the company

Apollo Silver Corp. reported the results of its Annual General Meeting held on June 28, 2024. Shareholders approved the election of all four director nominees: Andrew Bowering, Steven Thomas, Jocelyn Thompson, and Collette Brown-Rodriguez, with over 99% of votes in favor. Davidson & Company LLP was re-appointed as auditors, also with over 99% approval. The Company's employee Share Option Plan was supported with a 99.88% approval rate.

Additionally, a management change was announced with the retirement of CEO Tom Peregoodoff. Chairman Andrew Bowering has been appointed as Interim President and CEO, effective July 1, 2024, while the company searches for a permanent replacement.