08:52 AM EDT, 10/29/2025 (MT Newswires) -- Apollo Silver ( APGOF ) overnight Tuesday closed the final tranche of its previously announced upsized non-brokered private placement, raising proceeds of $1.6 million.

The company said the offering consisted of the issuance of 455,973 units at $3.60 apiece. The upsized offering raised total proceeds of $26.8 million through the issuance of 7.4-million units.

Each unit issued pursuant to the upsized offering consists of one common share and one two-year purchase warrant and each warrant entitles the holder to buy a share for $5.50. The warrants are subject to an acceleration provision.

The company said existing and new shareholders including Eric Sprott, Primevest Capital, Sprott Asset Management, Commodity Capital, Jupiter Asset Management and others participated in this financing.

Shares of the company closed unchanged at $3.55 on Tuesday on the TSX Venture Exchange.