VANCOUVER, British Columbia, May 12, 2021 (GLOBE NEWSWIRE) -- Apollo Gold & Silver Corp. (“ Apollo ” or the “ Company ") (TSX.V: APGO) is pleased to announce it has entered into a definitive acquisition agreement (the “Agreement”) dated May 11, 2021, to acquire all the issued and outstanding shares (the “Transaction”) of privately held Stronghold Silver Corp . (“Stronghold”). Stronghold holds rights to three large scale silver projects: Waterloo and Langtry in California and The Silver District in Arizona. Upon closing of the Transaction Apollo will become a leading US focused silver exploration and development company.
Highlights:
- A US based pure silver opportunity with three advanced assets in mining friendly regions of Southeast California and Arizona;
- Over 100 million (M) ounces of silver in one of three historic resources ( 1) . Significant exploration upside;
- US critical mineral status due to barite content and growing importance of silver in clean energy applications; and
- Appointment of Tom Peregoodoff as President and CEO of the Company with further additions to the board of directors.