
Apollo Silver Corp. (TSX-V:APGO) (OTCQB:APGOF) (FRA:6ZF0) is focused on becoming the next mid-tier silver producer by advancing silver-focused projects in mining-friendly jurisdictions in the United States and Mexico. Its strategy is to focus exploration and resource-definition programs in jurisdictions with historic silver production and limited modern exploration.
Projects
Calico Project
Apollo’s flagship Calico Silver Project is located on private land in mining-friendly San Bernardino County, California. The project combines the Waterloo and Langtry silver properties under common ownership for the first time.
Calico hosts a large, bulk-minable silver deposit with significant barite and zinc credits. Apollo’s February 2026 investor presentation identifies the project as containing:
Apollo describes Calico as one of the largest undeveloped primary silver deposits in the United States. The project’s barite and zinc resources provide exposure to critical minerals in addition to silver.
Cinco de Mayo Project
Apollo has optioned the district-scale Cinco de Mayo Project in north-central Chihuahua State, Mexico, approximately 190 kilometres northwest of Chihuahua City. The project is situated along a regional trend that hosts significant carbonate replacement deposits.
Cinco de Mayo includes the Upper Manto, Pegaso and Pozo Seco zones. Apollo describes the Upper Manto deposit as a large, high-grade, carbonate replacement deposit rich in silver and base metals. The company presents the following historical Upper Manto resource:
Apollo cautions that these Cinco de Mayo figures are historical estimates and should not be treated as current mineral resources or mineral reserves. The company must complete additional work, including a review of the historical database and updated geological and resource models, before treating the estimates as current.
Management and Directors
Apollo states that its leadership team has extensive experience in mineral exploration, project development, mining, finance, corporate governance and capital markets. The company’s management and board include:
Management
Directors
Share Structure
Apollo Silver’s February 2026 investor presentation lists the following capital-structure information, with figures stated as of January 30, 2026 unless otherwise noted:
| Capital-structure item | Information |
| Share price | C$4.96 |
| Market capitalization | C$313 million |
| Shares issued and outstanding | 63.16 million |
| Warrants | *19.19 million, weighted-average exercise price of C$4.76 per share |
| Options, RSUs and DSUs | 5.20 million |
| Working capital | C$55 million |
| Debt | Nil |
| Institutional holdings | 33.4% |
| Directors and management | 6.8% |
*The company’s investor materials also identify warrant tranches that include 5.96 million warrants exercisable at C$3.95 per share and expiring in July 2026, 7.64 million warrants exercisable at C$5.50 per share and expiring in October 2027, and 5.56 million warrants exercisable at C$7.00 per share and expiring in January 2028.
Contact Information
Apollo Silver Corp
710-1030 W. Georgia St.
Vancouver, BC V6E 2Y3
+1 (604) 428-6128
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