Apollo Silver has raised $27.5 million in a private placement led by Eric Sprott and Jupiter Asset Management at $5.00 per unit, with the company's board and management participating at the same price. The financing was upsized to accommodate insider participation. The company, led by Ross McElroy—who recently closed a C$1.14 billion sale of Fission Uranium—controls 125 million ounces of measured and indicated silver at its Calico Project in San Bernardino County, California. The deposit features a 0.8:1 strip ratio, significantly lower than typical open-pit operations. Apollo Silver plans to launch a 4,500-metre drill programme in mid-Q1 2026 focused on engineering requirements for a bankable feasibility study. The company also acquired 100% interest in the Athena claims at Langtry in December, consolidating ownership of the entire Calico district.

Advance Metals Limited (ASX: AVM) has completed a $13 million placement to accelerate exploration of its silver-gold projects in Mexico and gold projects in Victoria, Australia. The placement was supported by funds including Jupiter Asset Management and Tribeca Investment Partners, which invested $6.5 million combined. The funds will support drilling programs at the Guadalupe y Calvo Project in Mexico and the Happy Valley Prospect in Victoria. The placement price was $0.10 per share.

Investigator Resources Ltd has raised $10 million through a strategic placement to institutional investors, including Jupiter Asset Management, to expedite the development of its Paris Silver Project. The funds will accelerate permitting, exploration, and development activities, aiming to advance silver production. This placement strengthens Investigator's institutional shareholder base, enhancing its financing and development capabilities. The Paris Silver Project is Australia's highest-grade undeveloped primary silver project.