(www.investorideas.com
Newswire) – Investorideas.com reports breaking silver stock
news – Apollo Silver Corp. (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to
announce that, through its wholly owned subsidiary, Stronghold Silver
USA Corp., the Company has completed all payments required under the
Option to Purchase Agreement dated December 21, 2020, as amended
January 21, 2023 (the “Athena Agreement”), with Athena
Minerals Inc. (the “Optionor”). As a result, the Company
now owns 100% interest in thirty-six (36) unpatented lode mining
claims comprising part of the Langtry Property, which forms part of
the Calico Silver Project, in San Bernardino County, California (the
“Athena Claims”).
Under the terms of the Athena Agreement, the Company had the right to
acquire the Athena Claims for an aggregate purchase price of
US$1,000,000, payable on or before December 21, 2025. An initial
payment of US$15,000 was paid upon execution of the Athena Agreement
in December 2020, followed by annual payments of US$25,000 on each
anniversary date. Between 2021 and 2024, the Company made the required
annual payments. In accordance with the Athena Agreement, payments
made within the twenty-four months preceding option exercise were
credited against the purchase price, resulting in a final cash payment
of US$950,000 to vest 100% ownership of the Athena Claims.
Pursuant to the Athena Agreement, the Company has granted Athena a 1%
net smelter return (“NSR”) royalty on future mineral
production from the Athena Claims. The NSR applies only to those
claims that do not already carry an existing royalty of 1% or greater,
and in all cases the total royalty burden on any claim will not exceed
2%. The acquisition of the Athena Claims consolidates Apollo
Silver’s land position at the Calico Silver Project
(“Calico Project”) and represents a significant milestone
in advancing the Company’s silver and critical minerals strategy
in the region (see Figure 1).
About Calico Silver Project
The Calico Project is one of the largest primary undeveloped silver
projects in the United States. With silver designated as a U.S.
critical mineral and continued strong industrial demand highlighting
the importance of secure domestic supply, large scale U.S. silver
assets may become increasingly strategic. The Calico Project Mineral
Resource Estimate (“MRE”) comprises an Measured and
Indicated Resource of 125 Moz Ag in 55 Mt at an average grade of 71
g/t Ag the Measured and Indicated categories and 58 Moz Ag in 25 Mt at
a grade of 71 g/t Ag in the Inferred category (see Apollo Silver news
releases dated September 4, 2025, and October 16, 2025).
Qualified Person
The scientific and technical data contained in this news release was
reviewed and approved by Isabelle Lépine, M.Sc., P.Geo.,
Apollo’s Director, Mineral Resources. Ms. Lépine is a
registered professional geologist in British Columbia and a QP as
defined by NI 43-101 and is not independent of the Company.
Outstanding Warrants
As of December 18, 2025, the Company had 34,903,440 outstanding share
purchase warrants (the “Warrants”), with five (5) Warrants
exercisable into one (1) common share of the Company, in accordance
with their terms, at an exercise price of $3.95 per share and expiring
July 8, 2026. Investors requiring further information regarding the
exercise of their Warrants should contact: (i) if the Warrants are
held through a brokerage account or other nominee, such broker or
nominee; and (ii) if the Warrants are held directly in registered
form, the Warrant agent, Endeavor Trust Corporation, by email at
admin@endeavortrust.com and following the instructions set forth in
the applicable Warrant certificate. Warrant holders should also
consult their financial and tax advisors regarding the financial and
tax implications applicable to them prior to exercising Warrants.
About Apollo Silver Corp.
Apollo is advancing one of the largest undeveloped primary silver
projects in the US. The Calico Project hosts a large, bulk minable
silver deposit with significant barite and zinc credits –
recognized as critical minerals essential to the US energy and medical
sectors. The Company also holds an option on the Cinco de Mayo Project
in Chihuahua, Mexico, which is host to a major carbonate replacement
(CRD) deposit that is both high-grade and large tonnage. Led by an
experienced and award-winning management team, Apollo is well
positioned to advance the assets and deliver value through exploration
and development.
Please visit
www.apollosilver.com
for further information.
ON BEHALF OF THE BOARD OF DIRECTORS
Ross McElroy
President and CEO
For further information, please contact:
Email:
info@apollosilver.com
Telephone: +1 (604) 428-6128
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Statement Regarding “Forward-Looking”
Information
This news release includes “forward-looking statements”
and “forward-looking information” within the meaning of
Canadian securities legislation. All statements included in this news
release, other than statements of historical fact, are forward-looking
statements including, without limitation, statements with respect to
the Company’s strategic objectives, the consolidation and
advancement of its land position at the Langtry Property, and the
exploration and development potential at the Calico Project.
Forward-looking statements include predictions, projections and
forecasts and are often, but not always, identified by the use of
words such as “anticipate”, “believe”,
“plan”, “estimate”, “expect”,
“potential”, “target”, “budget”
and “intend” and statements that an event or result
“may”, “will”, “should”,
“could” or “might” occur or be achieved and
other similar expressions and includes the negatives thereof.
Forward-looking statements are based on the reasonable assumptions,
estimates, analysis, and opinions of the management of the Company
made in light of its experience and its perception of trends, current
conditions and expected developments, as well as other factors that
management of the Company believes to be relevant and reasonable in
the circumstances at the date that such statements are made.
Forward-looking information is based on reasonable assumptions that
have been made by the Company as at the date of such information and
is subject to known and unknown risks, uncertainties and other factors
that may have caused actual results, level of activity, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking information, including
but not limited to: risks associated with mineral exploration and
development; metal and mineral prices; availability of capital;
accuracy of the Company’s projections and estimates; realization
of mineral resource estimates, interest and exchange rates;
competition; stock price fluctuations; availability of drilling
equipment and access; actual results of current exploration
activities; government regulation; political or economic developments;
environmental risks; insurance risks; capital expenditures; operating
or technical difficulties in connection with development activities;
personnel relations; and changes in Project parameters as plans
continue to be refined. Forward-looking statements are based on
assumptions management believes to be reasonable, including but not
limited to the price of silver, gold and barite; the demand for
silver, gold and barite; the ability to carry on exploration and
development activities; the timely receipt of any required approvals;
the ability to obtain qualified personnel, equipment and services in a
timely and cost-efficient manner; the ability to operate in a safe,
efficient and effective matter; and the regulatory framework regarding
environmental matters, and such other assumptions and factors as set
out herein. Although the Company has attempted to identify important
factors that could cause actual results to differ materially from
those contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate and actual results, and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward
looking information contained herein, except in accordance with
applicable securities laws. The forward-looking information contained
herein is presented for the purpose of assisting investors in
understanding the Company’s expected financial and operational
performance and the Company’s plans and objectives and may not
be appropriate for other purposes. The Company does not undertake to
update any forward-looking information, except in accordance with
applicable securities laws.
Apollo Silver Corp. (TSX: APGO.V) (OTCQB:APGOF) (Frankfurt:6ZF0) is a
featured mining stock on Investorideas.com
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a
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