Apollo Silver Advances Cinco de Mayo Plans With Focus on Ejido Water Needs

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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

On September 14, 2026, Apollo Silver Corp. (APGO:TSX.V; APGOF:OTCQB) reaffirmed its support for Ejido Benito Juárez in addressing water challenges affecting agriculture, livestock, and local livelihoods in Chihuahua, Mexico. The company said it plans to begin independent technical work examining the aquifer, springs, and existing wells, with the scope and sequencing of the program to be determined jointly with the Ejido and subject to applicable authorizations.

"Water is the first question at Ejido Benito Juárez, and it should be," said Tom Peregoodoff, executive chair of Apollo Silver. "The wells and springs of Ejido Benito Juárez have sustained families and their farmland for generations. We have agreed to present the ejido with a plan outlining our long-term commitment to advancing solutions to their water challenges, including direct support for their agriculture and their livestock."

The company said the assembly resolution reinstating mineral exploration at Cinco de Mayo is being processed and that it will continue meeting with the community and its representatives before undertaking significant field activity.

Apollo Silver is a mineral exploration and development company advancing the Calico Silver Project in California and holding an earn-in interest in the Cinco de Mayo Project in Chihuahua, Mexico.

Industrial Demand Adds to Silver Market Dynamics

Gold and silver are both considered safe-haven metals, but silver is rising specifically due to industrial demand, especially during the current AI boom. Silver is necessary as a conductor in electronics, electrical equipment, and solar panels, among many other uses. This demand led to the price of silver more than doubling in 2025, starting the year at US$30 an ounce and beginning 2026 at US$79.

"There is a significant, ongoing structural shortage of physical silver in 2026, marking six consecutive years of deficits where industrial and investment demand outweighs supply," argued an article by Ahead of the Herd on September 13, 2026. "Analysts estimate the cumulative supply deficit since 2021 at close to a billion ounces — nearly a full year of global mine production, gone."

While the metals sector has lost some momentum since the January 2026 highs, silver is up almost 50% from this time last year, trading at US$64 per ounce on September 15, 2026. Trading Economics said this nearly 5-week low is due to "a stronger U.S. dollar and elevated Treasury yields weighed on the precious metal amid rising crude oil prices and expectations of a Federal Reserve interest rate hike this week."

The metals sector as a whole is also showing signs of improvement. On May 7, 2026, Brian Taylor of Recycling Today  said that the World Bank Group has projected that its metals and minerals price index will rise 17% in 2026.

Chen Lin Weighs in Ahead of Cinco de Mayo Vote

Chen Lin of What is Chen Buying? What is Chen Selling? weighed in on Apollo Silver on September 11, 2026, writing: "APGO.v is set for the Ejido vote on the 9/20 for the Cinco de Mayo! I have been talking about this for a while, recently at the interview with Jay Taylor."

He continued, "Cinco de Mayo is a world-class asset and can easily double the current valuation. I had discussions with the management at the previous MIF. They won't bring this to a vote if they are not 100% that they can win the vote. I am confident that APGO will get the vote on the 20th."

Apollo Silver Plans 20,000-Meter Cinco de Mayo Drill Program

The company's investor presentation identifies a 20,000-meter drill program at Cinco de Mayo as a key upcoming work program, with drilling expected to begin in Q2 2027, subject to obtaining social license and the necessary permits.

Ownership & Share Information¹

Apollo Silver Corp. has a market cap of CA$226.87 million, with 63.59 million shares outstanding. The company's 52-week range is CA$2.35-CA$7.10.

Institutions own 19.33% of shares, while Strategic Investors own 9.73%. Management & Insiders own 7.07%, and the remaining 63.87% of shares are held by Retail.

Frequently Asked Questions

Q: What is Ejido Benito Juárez?
A: Ejido Benito Juárez is a community in Chihuahua, Mexico, whose agricultural and livestock activities rely on local water resources, including wells and springs.

Q: What water-related work does Apollo Silver plan to undertake?
A: The company plans to begin independent technical work examining the aquifer, springs, and existing wells, with the program's scope and sequencing to be determined jointly with the ejido and subject to applicable authorizations.

Q: What is Cinco de Mayo?
A: Cinco de Mayo is Apollo Silver's silver and precious metals exploration project in Chihuahua, Mexico.

Q: What is the status of exploration at Cinco de Mayo?
A: Apollo Silver said the assembly resolution reinstating mineral exploration at Cinco de Mayo is being processed and that it will continue meeting with the community and its representatives before undertaking significant field activity.

Q: What is an aquifer?
A: An aquifer is an underground layer of permeable rock or sediment that stores and transmits groundwater.

Q: Why are wells and springs important to Ejido Benito Juárez?
A: According to Apollo Silver, the community's wells and springs have supported families, farmland, and livestock for generations.

Q: Why is silver important to industry?
A: Silver is used for its electrical and thermal conductivity in applications including electronics, electrical equipment, and solar panels.

Q: What is a silver supply deficit?
A: A silver supply deficit occurs when total demand for silver exceeds the amount supplied through mine production and other sources during a given period.

Q: What factors can affect silver prices?
A: Silver prices can be influenced by industrial and investment demand, mine supply, currency movements, interest rates, inflation expectations, and broader economic conditions.

Q: What are safe-haven metals?
A: Safe-haven metals are precious metals that investors may turn to during periods of economic or financial uncertainty, although their prices can also be affected by industrial demand and other market factors.

Q: What are Apollo Silver's upcoming catalysts?
A: The company's September 2026 investor presentation identifies a 20,000-meter drill program at Cinco de Mayo as a key upcoming work program, with drilling expected to begin in Q2 2027, subject to obtaining social license and the necessary permits.