What is Apollo Silver?
Apollo Silver is focused on developing one of the United States' largest undeveloped primary silver projects, known as the Calico project. This project is characterized by a substantial, bulk-minable silver deposit that also offers significant barite credits. Barite is 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 in Chihuahua, Mexico. This Mexican asset hosts a large-tonnage, high-grade carbonate replacement (CRD) deposit, further diversifying Apollo Silver's resource portfolio.
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, operating as Jupiter, is a specialist asset manager based in London, United Kingdom. It serves both individual and institutional investors and is a recognized name in global investment circles, suggesting a focus on established or growth-oriented companies.
What's next for Apollo Silver?
The recent major strategic investment signals a pivotal growth phase for Apollo Silver. This influx of capital is expected to accelerate the development of the Calico project and potentially unlock the value of the Cinco de Mayo asset. The company's focus on critical minerals like silver and barite positions it favorably within sectors experiencing heightened demand, particularly from the energy and medical industries. Future strategic initiatives will likely involve further exploration, resource expansion, and potentially the commencement of production activities, leveraging this substantial financial backing to solidify its market position.
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