Apollo Silver
Apollo Silver is a Canadian junior mining company advancing pure-play silver projects in the Americas, principally the Calico Silver Project in California and the Cinco de Mayo Project in Mexico, funded by equity private placements and targeting future production for the U.S. critical-minerals supply chain.
- Company typePublic
- Founded1999
- HeadquartersVancouver, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Apollo Silver does
Apollo Silver Corp. is a Canadian-domiciled mineral exploration and development company headquartered in Vancouver, British Columbia, publicly listed on the TSX Venture Exchange (ticker APGO) and on OTCMKTS (APGOF). The company's core activity is advancing pure-play silver projects in the Americas, with a flagship asset — the Calico Silver Project in San Bernardino County, California — and a second asset, the Cinco de Mayo Silver Project in Mexico. Calico contains an NI 43-101 compliant resource estimate of 125 million ounces of silver in the Measured and Indicated category and 58 million ounces in the Inferred category, and is described as one of the largest undeveloped primary silver deposits in the United States. Exploration programs have also identified high-grade surface samples (up to 1,280 g/t Ag at the Mule Property, up to 4.85 g/t Au at the Burcham Mine area) and elevated barite mineralization (up to 76.12% BaSO4 at Langtry), establishing a multi-commodity by-product profile.
The company is pre-revenue and generates no product sales; its operating model is funded by successive equity private placements and strategic investments from institutional and high-net-worth mining investors, including Eric Sprott and Jupiter Asset Management, who together participated in a $25 million private placement (upsized to $27.5 million) announced in December 2025. Apollo Silver's go-to-market is therefore capital-markets-led rather than commercially transaction-led: the company raises equity, deploys it into exploration drilling, metallurgical studies, permitting, and technical assessments, and monetizes through eventual offtake or production. It has engaged SLR Consulting (Canada) Ltd. to deliver a Preliminary Economic Assessment on Calico in Q3 2026, marking the transition from pure exploration toward development-stage deliverables. The company employs between 11 and 50 people, operates from a single Vancouver headquarters, and was ranked 13th overall in the 2026 TSX Venture 50 based on 383% share price appreciation, 484% market capitalization growth, and 460% trading value increase over the prior year.
The competitive position rests on three pillars: the scale and grade of the Calico resource base, the November 2025 designation of silver as a U.S. Geological Survey Critical Mineral (which streamlines permitting for domestic projects), and the strategic ownership backing by tier-one mining investors. The company's primary customer — once production commences — is positioned as the U.S. domestic critical-minerals supply chain serving industrial demand for silver in solar panels, electric vehicles, and other clean-energy applications, against a backdrop of six consecutive years of structural global silver supply deficits and a projected 67-million-ounce annual shortfall.
Apollo Silver firmographics
Firmographics- Name
- Apollo Silver
- Legal name
- Apollo Silver Corp.
- Website
- https://apollosilver.com
- Company type
- Public
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Apollo Silver is a Canadian junior mining company advancing pure-play silver projects in the Americas, principally the Calico Silver Project in California and the Cinco de Mayo Project in Mexico, funded by equity private placements and targeting future production for the U.S. critical-minerals supply chain.
- Ownership category
- akta.pro rank
Apollo Silver industry classification
Industry- Product category
- Silver Mining and Mineral Exploration
- NAICS
- Gold Ore and Silver Ore Mining (212220), Mining (except Oil and Gas) (212)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Silver Mining (IMAKAEAB)
- akta.pro secondary industries
- Precious Metals Exploration & Project Development (IMAKAEAI), Gold Mining (IMAKAEAA), Barite (IMAEAFAF)
Keywords
Where Apollo Silver is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Apollo Silver business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Mineral Resource Development: Pre-revenue stage mining exploration company focused on developing silver deposits toward production. Revenue will be generated from the sale of extracted silver, gold, barite, and zinc minerals once mining operations commence.
- Equity Capital Raising: The company raises capital through private placements, strategic investments, and equity financing to fund exploration and development activities.
Go-to-market motion1 record
Marketing channels3 records
Apollo Silver product offering
Product offeringCore offering
Apollo Silver is a pre-revenue mineral exploration company advancing two pure-play silver projects in the Americas: the Calico Silver Project in San Bernardino County, California, and the Cinco de Mayo Silver Project in Mexico. The Calico Project is one of the largest undeveloped primary silver deposits in the United States, with NI 43-101 compliant resource estimates of 125 million ounces of silver (Measured and Indicated) and 58 million ounces (Inferred), plus co-product potential for gold, barite, and zinc. The company is funded through equity private placements to advance these projects toward production.
Differentiator
Problem solved
Functional benefit
Products and services
- Calico Silver Project Pre-production development-stage primary silver mineral resource asset in San Bernardino County, California, with NI 43-101 compliant estimated resources of 125 million ounces of silver (Measured and Indicated) and 58 million ounces (Inferred), plus co-product potential for gold, barite, and zinc. Being advanced toward production for sale into industrial commodity markets including solar, EV, and clean-energy supply chains.
- Cinco de Mayo Silver Project Exploration-stage silver mineral resource asset located in Mexico, being advanced in parallel with the Calico Silver Project through exploration programs, drilling, and technical studies funded by equity private placements.
Quantifiable outcome
- 125 million ounces of silver in Measured and Indicated category
- +2 more outcomes
Companies that use Apollo Silver
Customer profileSegments1 record
Ideal customer profiles2 records
Apollo Silver technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Apollo Silver partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- SLR Consulting (Canada) Ltd.coreSLR Consulting was engaged to lead the Preliminary Economic Assessment on the Calico Project, marking a key development milestone for the project. The PEA is expected in Q3 2026.
- Equedia Network CorporationminorEngaged for three months to provide communications and advisory services with a fee of US$350,000, subject to TSX Venture Exchange approval. The engagement supports marketing and communication efforts for Apollo Silver's silver projects.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Apollo Silver competitors and assessment
Company assessmentBroad incumbents
- Hecla Mining Company: Established US-based precious metals producer with major silver mining operations. Comparable as a silver-focused North American mining company, though significantly larger and operating versus Apollo Silver's development stage.
- First Majestic Silver Corp. Established mid-tier silver producer with multiple operating silver mines in Mexico. Comparable as a silver-focused company in the Americas, though more advanced with current production versus Apollo Silver's development stage.
- Coeur Mining, Inc. US-listed precious metals miner with significant silver production alongside gold. Comparable as a silver-focused mining company in North America with similar jurisdictional exposure to the US and Mexico.
- Pan American Silver Corp. Major precious metals producer with significant silver production across the Americas. Comparable as a large-scale silver-focused mining company with overlapping geographic footprint in Mexico and US operations.
Direct peers
- Alexco Resource Corp. Canadian junior silver company with projects in the Yukon Territory. Comparable as a silver-focused exploration and development company listed on North American exchanges pursuing high-grade silver deposits.
- MAG Silver Corp. Canadian-listed junior silver developer with advanced silver projects in the Americas. Directly comparable as a pure-play silver exploration and development company focused on high-grade silver deposits.
- Dolly Varden Silver Corporation: Canadian-listed junior silver exploration company with high-grade silver projects in British Columbia. Directly comparable as a TSX Venture-listed pure-play silver developer with similar exploration-stage profile.
- Silvercorp Metals Inc. Canadian-listed silver producer with operations in China and recent expansion into the Americas. Comparable as a silver-focused company advancing projects through development and production stages.
- SilverCrest Metals Inc. Canadian junior precious metals company focused on silver and gold projects in Mexico. Comparable as a silver-focused developer advancing projects through feasibility and permitting stages.
Emerging players
- New Pacific Metals Corp. Canadian-listed junior mining company with silver-gold projects in Bolivia. Comparable as a silver-focused exploration company in the Americas with similar pre-production development profile.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Apollo Silver social profiles
Digital presenceApollo Silver financial estimates
Financial estimateRevenue estimate
Valuation estimate
Apollo Silver leadership team
Management profileNumber of profiles
Profiles4 records
Apollo Silver funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Apollo Silver M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Apollo Silver
What does Apollo Silver do?
Apollo Silver is a pre-revenue mineral exploration company advancing two pure-play silver projects in the Americas: the Calico Silver Project in San Bernardino County, California, and the Cinco de Mayo Silver Project in Mexico. The Calico Project is one of the largest undeveloped primary silver deposits in the United States, with NI 43-101 compliant resource estimates of 125 million ounces of silver (Measured and Indicated) and 58 million ounces (Inferred), plus co-product potential for gold, barite, and zinc. The company is funded through equity private placements to advance these projects toward production.
Is Apollo Silver a public or private company?
Apollo Silver is a public company. It is classified as public and is currently operating.
When was Apollo Silver founded?
Apollo Silver was founded in 1999. It employs 11 to 50 people.
Where is Apollo Silver based?
Apollo Silver is headquartered in Vancouver, Canada, in the North America region.
How does Apollo Silver make money?
Two revenue lines are on record. Mineral Resource Development is the primary driver. The others are equity Capital Raising.
Who are Apollo Silver's main competitors?
Broad incumbents on record are Hecla Mining Company, First Majestic Silver Corp., Coeur Mining, Inc. and Pan American Silver Corp.. Direct peers are Alexco Resource Corp., MAG Silver Corp., Dolly Varden Silver Corporation, Silvercorp Metals Inc. and SilverCrest Metals Inc.. New Pacific Metals Corp. is listed as an emerging player.
Does Apollo Silver have an API?
No public API is recorded for Apollo Silver.
What industry is Apollo Silver in?
Apollo Silver's product category is Silver Mining and Mineral Exploration. Its primary akta.pro industry code is IMAKAEAB, Silver Mining, with a secondary code of IMAKAEAI, Precious Metals Exploration & Project Development. Its NAICS code is 212220 and its SIC code is 1040.