Apollo Silver Secures $25 Million Strategic Financing from Eric Sprott and Jupiter Asset Management

Apollo Gold ( (TSE:APGO) ) has shared an update.

Apollo Silver Corp. has announced a C$25 million non-brokered private placement, selling 5 million units at C$5.00 each to its two largest shareholders, Eric Sprott and a fund managed by Jupiter Asset Management, who will each acquire 2.5 million units. Post-financing, the Jupiter fund will hold about 12.1% and Eric Sprott roughly 9.6% of Apollo’s outstanding common shares on an undiluted basis, reinforcing their strategic backing as the company funds exploration and development of its Calico silver-barite project in the U.S. and its Cinco de Mayo option in Mexico, as well as general corporate purposes; each unit consists of one share and a half-warrant exercisable at C$7.00 for 24 months, with the closing subject to TSX Venture Exchange approval and standard hold periods and securities law restrictions.

Spark’s Take on TSE:APGO Stock

According to Spark, TipRanks’ AI Analyst, TSE:APGO is a Underperform.

Apollo Gold’s overall stock score reflects significant financial challenges, notably the lack of revenue and persistent losses. While technical indicators show some positive trends, they are offset by poor valuation metrics. Recent corporate events suggest strategic improvements, yet their immediate impact remains uncertain.

To see Spark’s full report on TSE:APGO stock, click here.

More about Apollo Gold

Apollo Silver Corp. is a mineral exploration and development company focused on advancing one of the largest undeveloped primary silver projects in the United States. Its flagship Calico project hosts a large, bulk-minable silver deposit with significant barite credits, a critical mineral for the U.S. energy and medical sectors, and the company also holds an option on the high-grade, large-tonnage Cinco de Mayo carbonate replacement deposit in Chihuahua, Mexico. Led by an experienced management team, Apollo aims to create value through exploration and development across its silver and critical-mineral assets.

Average Trading Volume: 222,608

Technical Sentiment Signal: Buy

Current Market Cap: C$287.2M

See more data about APGO stock on TipRanks’ Stock Analysis page.