APOLLO SILVER: The United States 2nd Largest Silver Deposit | CEO Ross McElroy on Critical Mineral Status & $26.7M Financing
In this critical update, Maurice Jackson of Proven And Probable sits down with Ross McElroy, CEO and Director of Apollo Silver Corp. (TSX.V: APGO | OTCQB: APGOF), to discuss the company’s recent momentum, including the successful C$26.78 million financing and the game-changing designation of silver as a Critical Mineral by the USGS.
Ross details the strategic importance of the flagship Calico Silver Project in California, which is the second-largest undeveloped primary silver deposit in the United States, and how these catalysts are significantly streamlining its path toward production.
KEY DISCUSSION POINTS & TIMESTAMPS
[01:07] Introduction to Ross McElroy and Apollo Silver's massive Calico Project.
[01:31] Overview of the two major catalysts: successful financing and the Critical Mineral designation.
[01:47] Details on the oversubscribed C$26.5M financing and the company's C$32M treasury.
[02:26] The scale and strategic location of the Calico Project in mining-friendly San Bernardino County.
[03:46] The practical impact of silver's Critical Mineral status and how it benefits project development.
[05:33] Fast-41 Program: Why this designation strengthens Calico's case for permitting efficiency and risk mitigation.
[06:49] Addressing Domestic Supply: How Calico's 125 million ounces (M&I) resource tackles the 64% US silver import dependency.
[08:12] Market Confidence: What the institutional support for the upsized financing says about Apollo Silver's value proposition.
[09:12] Use of Funds: Advancing Calico and maintaining the option agreement at the Cinco de Mayo Project in Mexico.
[09:42] Management Commitment: The importance of RSU alignment and significant open-market insider buying by Ross McElroy and Chairman Andy Bowering.
[11:00] Looking Ahead: The single most important milestone (PEA kickoff) investors should watch over the next 6-12 months.
Disclaimer: Maurice Jackson is a proud shareholder of Apollo Silver Corp. The information presented is for educational and informational purposes only. Always consult with a qualified financial advisor before making any investment decisions.
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🔗 Connect with Apollo Silver Corp.:
APOLLO SILVER: TSX.V: APGO | OTCQB: APGOF
Website: https://apollosilver.com/
Phone: 1 (604) 428-6128
Info: info@apollosilver.com
Corporate Deck: https://apollosilver.com/investors/#presentation
Calico 43-101: http://bit.ly/3IFBxiM
Ciinco De Mayo 43-101: http://bit.ly/42KNhHE
WEBSITE: https://provenandprobable.com/
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