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Alvopetro Energy Ltd. (TSXV: ALV,OTC:ALVOF) (OTCQX: ALVOF) announces that our Board of Directors (the ‘Board’) has declared a base quarterly dividend of US$0.10 per common share (the ‘Base Dividend’) and a special dividend of US$0.02 per common share (the ‘Special Dividend’), both payable in cash on January 15, 2026 to shareholders of record at the close of business on December 31, 2025. Both the Base Dividend and the Special Dividend are designated as ‘eligible dividends’ for Canadian income tax purposes. 

Dividend payments to non-residents of Canada will be subject to withholding taxes at the Canadian statutory rate of 25%. Shareholders may be entitled to a reduced withholding tax rate under a tax treaty between their country of residence and Canada. For further information, see Alvopetro’s website at  https://alvopetro.com/Dividends-Non-resident-Shareholders.

Corey C. Ruttan, President & CEO, commented:

‘Based mainly off the strength of our 100% owned Murucututu project in Brazil, Alvopetro has generated significant year over year production growth. With the recent addition of production from our 183-D4 well we’ve been posting near-record sales levels. As we strive to maintain our balanced capital allocation and stakeholder return model, we are pleased to announce a special dividend this quarter, representing a 20% increase in our total quarterly dividend.’

Corporate Presentation

Alvopetro’s updated corporate presentation is available on our website at:
http://www.alvopetro.com/corporate-presentation. 

Social Media

Follow Alvopetro on our social media channels at the following links:
X – https://x.com/AlvopetroEnergy
Instagram – https://www.instagram.com/alvopetro/
LinkedIn – https://www.linkedin.com/company/alvopetro-energy-ltd

Alvopetro Energy Ltd. is deploying a balanced capital allocation model where we seek to reinvest roughly half our cash flows into organic growth opportunities and return the other half to stakeholders. Alvopetro’s organic growth strategy is to focus on the best combinations of geologic prospectivity and fiscal regime. Alvopetro is balancing capital investment opportunities in Canada and Brazil where we are building off the strength of our Caburé and Murucututu natural gas fields and the related strategic midstream infrastructure.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Dividend Advisory

The decision to declare any future quarterly dividend or special dividend and the amount and timing of such dividends, if any, remains subject to the discretion of the Board and may vary depending on numerous factors, including, without limitation, the Company’s operational performance, available financial resources and financial requirements, capital requirements and growth plans. There can be no assurance that dividends will be paid at the intended rate or at any rate in the future.

Forward-Looking Statements and Cautionary Language

This news release contains forward-looking information within the meaning of applicable securities laws. The use of any of the words ‘will’, ‘expect’, ‘intend’, ‘plan’, ‘may’, ‘believe’, ‘estimate’, ‘forecast’, ‘anticipate’, ‘should’ and other similar words or expressions are intended to identify forward-looking information. Forward‐looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the expectations discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events. Accordingly, when relying on forward-looking statements to make decisions, Alvopetro cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties. More particularly and without limitation, this news release contains forward-looking information concerning the Company’s dividends, plans for dividends in the future, the timing and amount of such dividends and the expected tax treatment thereof. Forward-looking statements are necessarily based upon assumptions and judgments with respect to the future including, but not limited to the success of future drilling, completion, testing, recompletion and development activities and the timing of such activities, the performance of producing wells and reservoirs, well development and operating performance, expectations and assumptions concerning the timing of regulatory licenses and approvals, equipment availability, environmental regulation, including regulations relating to hydraulic fracturing and stimulation, the ability to monetize hydrocarbons discovered, the outlook for commodity markets and ability to access capital markets, foreign exchange rates, the outcome of any disputes, the outcome of  redeterminations, general economic and business conditions, forecasted demand for oil and natural gas, the impact of global pandemics, weather and access to drilling locations, the availability and cost of labour and services, and the regulatory and legal environment and other risks associated with oil and gas operations. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. Current and forecasted natural gas nominations are subject to change on a daily basis and such changes may be material. In addition, the declaration, timing, amount and payment of future dividends and any special dividends remain at the discretion of the Board of Directors. Although we believe that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because we can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, reliance on industry partners, availability of equipment and personnel, uncertainty surrounding timing for drilling and completion activities resulting from weather and other factors, changes in applicable regulatory regimes and health, safety and environmental risks), commodity price and foreign exchange rate fluctuations, market uncertainty associated with trade or tariff disputes, and general economic conditions. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Although Alvopetro believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Alvopetro can give no assurance that it will prove to be correct. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on factors that could affect the operations or financial results of Alvopetro are included in our AIF which may be accessed on Alvopetro’s SEDAR+ profile at www.sedarplus.ca. The forward-looking information contained in this news release is made as of the date hereof and Alvopetro undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

SOURCE Alvopetro Energy Ltd.

Cision View original content: http://www.newswire.ca/en/releases/archive/December2025/15/c7920.html

News Provided by Canada Newswire via QuoteMedia

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The silver price reached heights not seen in more than 40 years in 2025, posting new all-time highs in the fourth quarter amid a supply deficit, expanding industrial use and rising safe-haven demand.

The white metal reached its highest point for the year in mid-December, breaking through US$64 per ounce following an interest rate cut from the US Federal Reserve. With investors looking for non-interest bearing assets in which to store and grow their wealth, the world’s metals exchanges are having a hard time keeping their silver inventories stocked.

What will 2026 hold for silver? As the new year approaches, investors are closely watching how changes in monetary policy and global uncertainty could impact the precious metal, along with supply and demand trends in the space.

Here’s what experts see coming for silver in 2026.

Silver’s persistent structural supply deficit

In its ‘2025/2026 Precious Metals Investment’ report, Metal Focus forecasts a fifth straight year of a silver supply deficit for 2025, coming in at 63.4 million ounces. And while that figure is expected to retract to 30.5 million ounces in 2026, the firm is confident that the deficit will continue to be a factor for silver this coming year.

Essentially, silver is in an entrenched structural deficit tied to a multi-year mine supply shortfall that can’t keep up with both rising industrial use and strong investment demand. Aboveground silver stocks are running dry, with silver mine production has decreased over the past decade, especially in the silver-mining hubs of Central and South America.

Even with silver at never-seen-before prices, it could be years before any sort of balance returns to the market.

“If the silver that you produce is a small portion of your stream of revenues, you’re not that motivated to try to produce more silver,” he explained. In fact, Krauth said a higher silver price could result in less silver coming to market as miners switch to processing lower-grade material that was once uneconomical and might even contain less silver.

On the exploration side, it takes 10 to 15 years to bring a silver deposit through discovery and into production.

“The reaction time to higher prices is actually really, really slow. I think we’re going to see these shortages and tightness persist,” Krauth added.

Industrial demand for silver from cleantech and AI

Industrial demand was another major catalyst for higher silver prices in 2025, and is expected to remain a strong tailwind for the silver market next year and beyond.

In a December report titled ‘Silver, the Next Generation Metal,’ the Silver Institute explains that heavy demand for silver through 2030 is coming from the cleantech sector — mainly from the solar and electric vehicle (EV) segments — and emerging technologies such as artificial intelligence (AI) and data centers. Silver’s critical role in these economically important industries led the US government to include silver on its list of critical minerals this year.

A staunch believer in solar as a major pillar of the silver market, Krauth advised that it is “dangerous to underestimate” the level of demand yet to come from the industry. This is especially true if investors consider the projected growth of AI data centers in the US alone, and the amount of energy needed to power their operations.

“I think about 80 percent of data centers are located in the US, and their demand for electricity is expected to grow by 22 percent over the next decade. AI alone, on top of data center demand for electricity, is expected to grow by 31 percent over the next decade,” he said, adding that over the past year data centers in the US have chosen solar energy five times more than nuclear options for powering their operations.

Safe-haven investment demand magnifying silver scarcity

As a precious metal, silver tracks gold. Lower interest rates, a return to quantitative easing by the Fed, a weaker US dollar, rising inflation, increased geopolitical uncertainty — all of these factors that benefit its sister metal are also highly supportive of the silver price. And as an affordable alternative to gold, silver is attracting significant retail and institutional investment, including massive exchange-traded fund (ETF) inflows.

Ole Hansen, head of commodity strategy at Saxo Bank, posted to X on December 10:

‘Meanwhile, inflows into silver-backed ETFs have reached around 130 million ounces this year, lifting total holdings to roughly 844 million ounces—an 18% increase.’

Safe-haven investment appeal for silver is expected to grow further in 2026. Concerns over the Fed’s independence and the very real likelihood that Chair Jerome Powell will be replaced in May with someone more amenable to the Trump White House’s low interest rate demands are big factors boosting demand for silver as a portfolio hedge.

Substantial demand for silver as a safe-haven investment has already led to mint shortages in silver bars and coins and tight inventories in futures markets, primarily in London, New York and Shanghai.

For example, Bloomberg reported in late November that silver inventories at the Shanghai Futures Exchange had hit their lowest level since 2015. These shortages are resulting in rising lease rates and borrowing costs, which points to genuine challenges with delivery of physical metal rather than mere speculative positioning.

In India, where gold jewelry is traditionally a form of wealth preservation, there’s strong demand for silver jewelry as buyers look for a more affordable option with the gold price now over US$4,300 per ounce.

Demand for silver bars and silver ETFs is also on the rise in India, already the world’s largest consumer of the white metal. The nation imports 80 percent of its silver demand.

Silver price forecast for 2026

Silver’s notoriety as a highly volatile metal — it’s not called ‘the devil’s metal’ for nothing — and its recent jaw-dropping rally, has many precious metals analysts hesitating to define a clear price target for 2026.

Although the case for much higher silver prices is a strong one, there are risks that could jeopardize the metal’s upward momentum. For example, Mind Money’s Khandoshko suggested that a global economic slowdown or sudden liquidity corrections could apply downward pressure on the silver price.

“For 2026, I’d be watching industrial demand trends, Indian imports, ETF flows and any widening price gaps between trading hubs,” she advised. “I’d also pay close attention to sentiment around large unhedged short positions. If trust in paper contracts weakens again, we could see another structural shift in pricing.”

Krauth also cautioned investors to remember that silver is “famously volatile” and while “it’s been fun because the volatility has been to the upside … don’t be surprised if you get some kind of rapid drawdowns.” He views US$50 as the new floor for silver, and gave what he deems a “conservative” forecast of silver in the US$70 range for 2026.

This is in line with Citigroup’s (NYSE:C) prediction that silver will continue to outperform gold and reach upwards of US$70 for 2026, especially if its industrial side fundamentals remain in place.

Chambers referred to silver as the “fast horse” of the precious metals. While industrial demand is important, he believes retail investment demand is the real “juggernaut” for the silver price in the coming year.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

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President Donald Trump’s former Secretary of Homeland Security, Chad Wolf, is sounding the alarm about China infiltrating America’s healthcare systems. 

Concern about China’s ability to infiltrate United States technology was underscored by a Memorandum of Understanding (MOU) signed last week between four state attorneys general and Federal Communications Commission Chairman Brendan Carr, aimed at ramping up protections against Chinese infiltration of communications equipment and services utilized by the United States. 

On Monday, the Protecting America Initiative (PAI), a conservative nonprofit aimed at fighting the Chinese Communist Party’s efforts ‘to sabotage America,’ launched a campaign to highlight the nation’s vulnerability to China as it relates to medical technology. 

Earlier this year, both the Food and Drug Administration (FDA) and the Cybersecurity and Infrastructure Security Agency (CISA) both warned of a ‘backdoor’ in a popular brand of patient monitoring devices. CISA found the so-called backdoor allowed the device to download remote files and send them to an IP address associated with a Chinese university. All schools in China operate under a law requiring them to support national intelligence work when called upon.

‘Americans rely on their doctors who take an oath to keep us safe, and first, do no harm. But when critical medical devices are made by Chinese companies, that puts our safety at risk. Chinese medical devices open the door for the CCP to access sensitive health data. President Trump and his administration always put America First and will safeguard our patients and our privacy from Beijing’s infiltration,’ PAI Senior Advisor Chad Wolf told Fox News Digital. ‘It’s time to remove Chinese medical devices from U.S. hospitals and close the data backdoor, because patient privacy and national security are non‑negotiable.’

In June, Florida’s Republican Attorney General James Uthmeier took legal action against the Chinese medical device manufacturers probed by the FDA and CISA, accusing the company of selling ‘compromised’ medical devices that allegedly include a ‘backdoor’ that bad actors can manipulate. 

In addition to patient data and privacy concerns, Uthmeier was also concerned about the medical device manufacturer, and those distributing its products, selling patient health monitors as approved by the FDA and other international standards, even though they were not.

 

China’s expanding presence in American medical supply chains has also been a concern among experts.

‘China’s growing role within the U.S. medical device supply chains is largely due to the combination of Beijing’s industrial policy and the shifting landscape of American healthcare,’ the Foundation for Defense of Democracies (FDD), a conservative think tank in Washington, D.C. focusing on foreign affairs and national security, wrote in an October report.

‘The National Institute of Health (NIH) estimated that in 2019, 9.2 percent of U.S.-imported pharmaceuticals and medical equipment came from China — a percentage that ‘likely understates’ American reliance on China for medical products, NIH warned,’ the report continues. ‘This understatement is in part due to the complex nature of medical supply chains — China is both a supplier of raw materials used in medical products and the final point of assembly for goods bound for the United States, obscuring its reach into the American medical system. This percentage also does not account for the value-add or criticality of these goods, particularly those related to biodefense and managing long-term acute health issues.’

FDD claims that China has ‘exploited’ the United State’s ‘reliance’ on it by selling and exporting deliberately compromised technology, leading to doctors ‘unwittingly and unwillingly’ playing ‘Russian roulette with patient treatment plans.’

This post appeared first on FOX NEWS

Peter Grandich of Peter Grandich & Co. shares his key takeaways on the resource sector in 2025, as well as his investing strategy for 2026.

In his view, capital preservation — not appreciation — will be most important.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

The Senate advanced the annual defense policy bill on an overwhelmingly bipartisan vote on Monday, teeing up final passage later in the week.

The National Defense Authorization Act (NDAA) of 2026 is one of the must-pass legislative packages that Congress deals with on an annual basis, and it unlocked billions of dollars in funding for the Pentagon and several other defense-related items.

Lawmakers pushed the colossal authorization package through a key procedural hurdle on a 76-20 vote. Senators will get their chance to tweak the package with several amendment votes in the coming days.

The roughly $901 billion package, which is about $8 billion over what President Donald Trump requested earlier this year, typically acts as a bookend for Congress, capping off the year as one of the few must-pass items on the docket. And, given that there is no government funding deadline to contend with, the NDAA is getting primetime treatment in the Senate.

Still, there are myriad items that lawmakers hope to tackle before leaving until the new year, including a fix to expiring Obamacare subsidies, confirming nearly 100 of Trump’s nominees, and a potential five-bill funding package that, if passed, would go a long way toward warding off the specter of another government shutdown come Jan. 30.

Scattered throughout the colossal package’s roughly 3,000 pages are several provisions dealing with decades-old war authorities, strikes on alleged drug boats in the Caribbean, Ukraine, lifting sanctions, and Washington, D.C.’s, airspace.

This year’s NDAA would scrap the 1991 and 2002 authorizations of use of military force (AUMFs) for the Gulf War and Iraq War, respectively. Lawmakers have found rare bipartisan middle ground in their desire to nix the AUMFs, which have been used by previous administrations to engage in conflicts in the Middle East for decades.

Then there is a policy that includes several requirements to fulfill the Pentagon’s travel budget, one of which would force the agency to hand over all unedited footage from the Trump administration’s strikes against alleged drug boats.

It’s a pointed provision that underscores the bipartisan concern from Congress over the administration’s handling of the strikes, particularly in the wake of a double-tap strike on Sept. 2 that has seen several lawmakers demand more transparency and access to the footage.

There is also a provision that has stirred up controversy among Senate Republicans and Democrats alike that would roll back some safety standards in the Washington, D.C., airspace. It comes on the heels of the collision between a Black Hawk helicopter and passenger jet near Ronald Reagan Washington National Airport earlier this year.

Senate Commerce, Science and Transportation Committee Chair Ted Cruz, R-Texas, and Sen. Maria Cantwell, D-Wash., the top ranking Democrat on the panel, are pushing to have the provision stripped with their own amendment, which would codify the safety tweaks made after the midair collision.

Cruz said alongside family members of the victims of the crash, which killed 67, that the provision didn’t go through the ordinary clearances.’ 

‘Normally, when you’re adding a provision to the NDAA that impacts aviation, you would request clearance from the chairman and ranking member of the Senate Commerce Committee,’ Cruz said. ‘No clearance was requested. We discovered this provision when the final version of the bill dropped out of the House and it was passed.’

There are also several provisions that deal with Ukraine, including an extension of the Ukraine Security Assistance Initiative, which would authorize $400 million each year to buy weapons from U.S. defense companies.

There’s a provision that would prevent the U.S. from quietly cutting off intelligence support to the country by requiring at least 48-hours notice detailing why, how long it would last and the impact on Ukraine.

There’s also a provision that would beef up reporting requirements for all foreign aid flowing to Ukraine from the U.S. and other allies supporting the country in its conflict with Russia.

This post appeared first on FOX NEWS

Heliostar Metals Ltd. (TSXV: HSTR,OTC:HSTXF) (OTCQX: HSTXF) (FSE: RGG1) (‘Heliostar’ or the ‘Company’) acknowledges positive media reports quoting Mexican government officials that the Company’s La Colorada expansion project is underway and restart of open-pit mining will begin in Q1, 2026 at La Colorada.

In Q2 2025, Heliostar applied for a permit to expand the Veta Madre open pit at the La Colorada mine in Sonora. The Company completed all necessary submissions and bonding payments in November 2025 and commenced a twenty-business day period of review by the Secretaria of Environment and Natural Resources ‘SEMARNAT’. This permit application is subject to the ‘positiva ficta‘ legal process, a process where no further questions of the Company in the period results in an automatic positive outcome. The Company can confirm that twenty days have passed without any requests. The Company is awaiting formal receipt of documentation to confirm the permit which is expected in Q1, 2026.

Heliostar looks forward to providing an update on restart of mining in the Veta Madre pit at La Colorada in Q1, 2026.

About Heliostar Metals Ltd.

Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on increasing production and developing new resources at the 100% owned La Colorada and San Agustin mines, and on developing the Ana Paula, Cerro del Gallo and San Antonio deposits in Mexico.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: charles.funk@heliostarmetals.com
Phone: +1 844-753-0045
Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey@heliostarmetals.com
Phone: +1 844-753-0045

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain ‘Forward-Looking Statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995 and ‘forward-looking information’ under applicable Canadian securities laws. When used in this news release, the words ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘target’, ‘plan’, ‘forecast’, ‘may’, ‘would’, ‘could’, ‘schedule’ and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things, the Company’s exploration and development plans including the restart plan at La Colorada, the expansion of the Veta Madre open pit and the granting of the requisite permitting by SEMERNAT.

These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company’s mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding exploration and mining activities; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption ‘Risk Factors’ in the Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278083

News Provided by Newsfile via QuoteMedia

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Apollo Silver Corp. (‘ Apollo ‘ or the ‘ Company ‘) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF) is pleased to provide an update on ongoing community engagement activities at its Cinco de Mayo Project (‘Cinco de Mayo’ or the ‘Project’) in Chihuahua, Mexico.

Over several months, the Company held productive discussions with elected representatives of the Ejido Benito Juárez (the ‘Ejido’), Municipio de Buenaventura, and other leaders and community groups in the region. The objective of these discussions was to regain public support for mineral exploration and mine development at Cinco de Mayo, and more specifically, to rescind the property access ban imposed by the Ejido in November 2012 and to establish a long-term access agreement. This agreement is anticipated to provide important economic and community benefits to the Ejido, including annual payments, environmental value, and preferential employment and service opportunities, in exchange for unrestricted access for the Company to explore, develop and potentially mine the resources at Cinco de Mayo.

As part of Apollo’s efforts to introduce a plan of responsible development in cooperation and partnership with the local communities, informational materials are being distributed to members of the Ejido, outlining a plan of long-term collaboration and shared benefits associated with continued exploration and future operations at the Project. This phase of community engagement is expected to continue early into the new year, whereupon the Company remains hopeful for, and looks forward to, a general assembly of the Ejido in early 2026 to vote on rescinding the property access ban and approving a long-term access agreement.

Overview of Key Topics Presented to the Ejido

Long-Term Benefit Framework

The draft framework under discussion includes the following high-level concepts:

  • A 30-year structure of benefits to the Ejido in return for access to the Project during the exploration, development and mining phases over that time period.
  • Predictable annual payments made directly to the community to support priorities identified by the Ejido and its members, such payments amounting to approximately US$50 million over the life of the agreement.
  • An option to extend the term of the agreement for an additional period of time.

Employment, Training, and Local Procurement

The materials emphasize the Company’s commitment to maximizing local participation:

  • Hiring of Ejidatarios (registered members of the Ejido community), their descendants, and community members, based on skills and aptitude.
  • Preference for local suppliers of food, fuel, transportation, materials, and lodging.

These initiatives are intended to help build sustainable economic opportunities for the region.

Environmental Protection and Water Stewardship

Environmental responsibility remains central to all Project planning. Commitments communicated to the Ejido include:

  • Detailed hydrogeological studies to ensure exploration and potential future mining activities have no effect on community wells or natural springs.
  • Continuous monitoring of water quality and environmental indicators.
  • Strict adherence to all federal regulations, including requirements set by SEMARNAT, CONAGUA, and PROFEPA.
  • Implementation of reforestation programs, responsible materials management, and full reclamation of land at the end of the Project’s life cycle.

These commitments apply at every stage of work, from exploration through to eventual operations and closure.

‘With a renewed interest in responsible mineral exploration and mine development being promoted at all levels of Mexican government, there is no better time to bring a strong plan of shared economic benefit to the communities around Cinco de Mayo,’ stated Ross McElroy, President and CEO . ‘As one of North America’s better CRD deposits, with a well established history, Cinco de Mayo holds great opportunity for all.’

About Cinco de Mayo

Cinco de Mayo is an approximate 25,000 hectare property located in the north central part of Chihuahua State, Mexico, approximately 190 kilometres northwest of the state capital of Chihuahua City in the Municipio de Buenaventura. The Project is prospective for and hosts carbonate replacement type deposits including the Upper Manto Pb-Zn-Ag (Au) deposit, which consists of two parallel and overlapping manto deposits referred to as the Jose Manto and the Bridge Zone. An independent technical report and Mineral Resource estimate (‘MRE’) on the Upper Manto deposit was prepared in 2012 by Rosco Postle and Associates (‘RPA’). At a NSR cut-off of US$100/t, Inferred MRE was estimated to total 12.45 million tonnes at 132 grams per tonne silver, 2.86 per cent lead and 6.47 per cent zinc and 0.24 gram per tonne gold (See Apollo’s news release dated March 7, 2025). The total contained metals in the historical resource were 52.7 million ounces of silver, 785 million pounds of lead, 1,777 million pounds of zinc and 96,000 ounces of gold. See cautionary statement below.

A potential new discovery, called the Pegaso Zone was not included in the 2012 Historical MRE. Apollo’s technical team considers this intersection as a high priority target that has potential to be a significant new discovery. The Company’s initial review of historical data suggests that the Pegaso Zone could indicate a larger and higher-grade resource at depth.

Qualified Person

The scientific and technical data contained in this news release was reviewed and approved by Isabelle Lépine, M.Sc., P.Geo., Apollo’s Director, Mineral Resources. Ms. Lépine is a registered professional geologist in British Columbia and a QP as defined by NI 43-101 and is not an independent of the Company

About Apollo Silver Corp.

Apollo is advancing one of the largest undeveloped primary silver projects in the US. The Calico project hosts a large, bulk minable silver deposit with significant barite and zinc credits – recognized as critical minerals essential to the US energy and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy
President and CEO

For further information, please contact:

Email: info@apollosilver.com

Telephone: +1 (604) 428-6128

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Historical Mineral Resource Estimates

This 2012 historical MRE referenced above is considered historical in nature and the reader is cautioned not to treat this estimate as current Mineral Resources, nor should they be relied upon. They are included here as an indication of the mineralization of the Project. A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource and the Company is not treating the historical estimate as a current mineral resource.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the rescission of the 2012 access ban; the negotiation terms, value and potential execution of an access agreement with the Ejido; the timing, nature, and results of exploration and development activities at Cinco de Mayo; the exploration potential of the Project, including the potential discovery and significance of the Pegaso Zone; interpretations of historical data; the potential size, grade, continuity, and extent of mineralization, including at depth; potential future mining operations; the expected economic and social benefits to the Ejido and surrounding communities; and the Company’s future plans, strategies, and objectives. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws .

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The top congressional Republicans weighed in on the slayings of longtime Hollywood director Rob Reiner, 78, and his wife, Michele Singer Reiner, 68, dubbing the incident a ‘tragedy.’

Senate Majority Leader John Thune, R-S.D., and House Speaker Mike Johnson, R-La., joined the wave of condolences flooding from the political world in the wake of the Reiners’ deaths, which police are currently investigating as a homicide. 

‘Well, that whole incident, episode, is a tragedy, and my sympathies and prayers go out to their family and their friends,’ Thune said. 

The Reiners were found in their Brentwood-area home in California on Sunday, where they reportedly had suffered multiple stab wounds. The couple were found by their daughter, according to People magazine

In the hours since, police arrested the Reiners’ son, Nick Reiner, 32, under suspicion of murder, according to the Los Angeles Sheriff’s Department. He is being held without bail after it was previously set at $4 million. 

Johnson said, ‘The shocking news that apparently their son committed the murders is not only an unspeakable family tragedy, it’s another reminder of just the senseless violence and evil that is so rampant in our society.’

‘So our prayers go out to the Reiner family, the survivors, and everybody who’s affected by this,’ he told reporters.

Reiner was best known for his long, legendary list of films, including ‘The Princess Bride,’ ‘This Is Spinal Tap,’ ‘When Harry Met Sally…,’ and several others. He appeared in front of the camera for several projects, including as Michael ‘Meathead’ Stivic on the long-running sitcom, ‘All in the Family.’ 

Singer Reiner was a prolific photographer whose list of works included taking President Donald Trump’s photo for the cover of his book, ‘The Art of the Deal.’

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