Apollo Silver Upsizes Private Placement to $27.5 Million to Boost Project Funding and Insider Alignment

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

Apollo Silver has increased the size of its previously announced non-brokered private placement by $2.5 million to a maximum of $27.5 million, primarily to accommodate insider participation, through the issuance of up to 5.5 million units priced at $5.00 each. The upsized financing, which includes major commitments from its two largest shareholders, Eric Sprott and a Jupiter Asset Management fund, will strengthen the company’s funding base for exploration and development of its silver and barite projects, while slightly increasing insider ownership and aligning key stakeholders more closely with the company’s long-term project advancement; the placement remains subject to TSX Venture Exchange and regulatory approvals and is structured in compliance with Canadian related-party transaction rules.

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 precious metals exploration and development company focused on advancing one of the largest undeveloped primary silver projects in the United States. Its flagship Calico project in California hosts a large, bulk-minable silver deposit with significant barite credits, a critical mineral for the U.S. energy and medical sectors. The company also holds an option on the Cinco de Mayo project in Chihuahua, Mexico, a major high-grade, large-tonnage carbonate replacement deposit, and is led by an experienced management team targeting value creation through exploration and development.

Average Trading Volume: 218,729

Technical Sentiment Signal: Buy

Current Market Cap: C$318.8M

See more insights into APGO stock on TipRanks’ Stock Analysis page.