What is Apollo Silver?
Apollo Silver is focused on advancing what is described as one of the largest undeveloped primary silver projects in the United States, known as the Calico project. This project is characterized by a substantial, bulk-mineable silver deposit that also includes significant barite credits. Barite is identified as a critical mineral vital to the US energy and medical sectors. In addition to its US holdings, the company has an option on the Cinco de Mayo Project located in Chihuahua, Mexico. This Mexican project is recognized for hosting a major carbonate replacement (CRD) deposit, notable for its high-grade and large tonnage characteristics.
How much funding has Apollo Silver raised?
Apollo Silver has raised a total of $38.5M across 2 funding rounds:
Share Placement
$13.5M
Stock/Share Issuance
$25M
Share Placement (2024): $13.5M, investors not publicly disclosed
Stock/Share Issuance (2025): $25M led by Jupiter
Key Investors in Apollo Silver
Jupiter
Jupiter Asset Management Limited is a specialist asset manager based in London, United Kingdom, serving both individual and institutional investors. The firm is part of the Jupiter Fund Management group and is widely known by its brand Jupiter in global investment circles.
What's next for Apollo Silver?
The substantial enterprise-level funding Apollo Silver has garnered, particularly the recent strategic investment, signals a pivotal phase for the company. This capital infusion is expected to accelerate the development of its flagship Calico project in the US and potentially further exploration at the Cinco de Mayo Project in Mexico. The focus on critical minerals like barite suggests a strategic alignment with national resource priorities, potentially attracting further governmental or industry partnerships. The company's trajectory indicates a move towards scaling operations and de-risking its significant resource base, aiming to transition from exploration to production.
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