Apollo Silver Congratulates Equinox Gold on FAST-41 Permitting

Rhea-AI Summary

Apollo Silver Corp. (OTCQB:APGOF) has extended congratulations to Equinox Gold regarding the acceptance of their Castle Mountain Project into the U.S. FAST-41 program, which aims to streamline permitting processes. The Castle Mountain Project is located 165km from Apollo's Calico silver and barite project in San Bernardino County, California.

Apollo's CEO Ross McElroy highlighted that this development demonstrates the U.S. government's commitment to accelerating domestic mine development, which could have positive implications for Apollo's Calico Project, described as one of North America's largest undeveloped silver deposits.

VANCOUVER, British Columbia, Aug. 19, 2025 (GLOBE NEWSWIRE) -- Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) congratulates Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) on the recent acceptance of its Castle Mountain Project into the United States’ FAST-41 program, which is designed to streamline and derisk the permitting process. Castle Mountain is located just 165km from Apollo’s Calico silver and barite project both situated in San Bernardino County, California.

Ross McElroy, President and CEO of Apollo, commented, “This news speaks to the diligence of the Equinox team in advancing their project to this stage. Crucially for our Calico Project in San Bernardino County, which hosts one of the largest undeveloped silver deposits in North America, this also highlights the government’s determination to accelerate domestic mine development.”

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 credits – a critical mineral essential to the US energy and medical sectors. Additionally, the Company has optioned Cinco de Mayo in Chihuahua, Mexico, which is host to a major CRD deposit that is both high-grade and large tonnage. Led by an award-winning management team, our growth strategy is matched only by the scale of the opportunity in front of us.

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.

FAQ

What is the significance of Equinox Gold's Castle Mountain Project joining FAST-41 for Apollo Silver (APGOF)?

The FAST-41 acceptance of Castle Mountain Project, located 165km from Apollo's Calico project, indicates positive government support for domestic mine development in the region.

Where is Apollo Silver's (APGOF) Calico Project located?

Apollo Silver's Calico Project is located in San Bernardino County, California, 165km from the Castle Mountain Project.

What is notable about Apollo Silver's (APGOF) Calico Project?

The Calico Project is described as one of North America's largest undeveloped silver deposits.

Who is the CEO of Apollo Silver (APGOF)?

Ross McElroy serves as the President and CEO of Apollo Silver Corp.