09:24 AM EDT, 05/05/2025 (MT Newswires) -- Apollo Silver ( APGOF ) , which rose almost 7% on Friday, appointed of Ross McElroy as president and chief executive, effective immediately.

McElroy succeeds Andrew Bowering who will remain as chair of the board.

McElroy, a professional geologist with over 38 years of mining industry experience, joins Apollo following the successful acquisition of Fission Uranium, a company he co-founded and eventually led as CEO, by Paladin Energy in a $1.14 billion deal.

A total of 2.5 million incentive stock options has been granted to McElroy, exercisable at $0.315 per common share, pursuant to the company's Omnibus Incentive Plan. The options have a five-year term and will vest over a 24-month period: one-third on the grant date, one-third after 12 months, and the balance after 24 months.

"Apollo is backed by a strong portfolio of silver assets and a highly capable team with a proven track record," said McElroy. "I'm eager to build on that foundation and drive the Company toward its next phase of growth. I see a major opportunity to unlock significant value for shareholders as the Company advances towards becoming a leading silver developer in the Americas."