Apollo Silver Upsizes Warrant Component in $25 Million Financing

An announcement from Apollo Gold ( (TSE:APGO) ) is now available.

Apollo Silver Corp. has corrected the terms of its recently announced $25 million non-brokered private placement involving Eric Sprott and Jupiter Asset Management, clarifying that each of the 5 million units will now consist of one common share and one full share purchase warrant, rather than a half warrant as initially stated. The full warrant will allow investors to buy an additional share at $7.00 for 24 months from closing, with all securities subject to a four-month hold and the financing still requiring TSX Venture Exchange approval; net proceeds are earmarked for exploration and development across Apollo’s portfolio as well as general corporate purposes, potentially strengthening the company’s funding position as it advances its U.S. and Mexican silver projects.

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 advancing one of the largest undeveloped primary silver projects in the United States. Its flagship Calico project in California hosts a large, bulk-mineable 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 Cinco de Mayo CRD project in Chihuahua, Mexico. Led by an experienced management team, Apollo aims to create value by progressing these assets through exploration and development.

Average Trading Volume: 222,608

Technical Sentiment Signal: Buy

Current Market Cap: C$287.2M

For a thorough assessment of APGO stock, go to TipRanks’ Stock Analysis page.