Companies · Mining & Resources

Apollo Silver Corp

VANCOUVER · Mining & Resources · refined from filed group “Other

Diligence memoA one-page analyst read on Apollo Silver Corp — recommendation, valuation, rhythm, risks.
$2.1M
Total raised · real
4
Rounds
0.3×
Latest step-up
Top 51%
Sector rank · raised
Seed
Latest stage · inferred · Wed Oct 22 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Apollo Silver Corp looks under-valued against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the extractive sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.13× the median modeled value of Seed Mining & Resources companies in 2025–2027 (77 peers) — value vs value, same stage and era.
Active
  • Last raise 8 mo ago; this sector typically re-raises about every 11 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Mining & Resources

Apollo Silver Corp is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks mid-pack (ahead of 50% of sector peers), and in the long tail by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
3
Investors (latest)
2025-10-22
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$2.5M$5.0M$7.5M$10MPre-Seed · 2020-08-05 Raised $207K (real) Modeled valuation $1.3M (est)$207K$1.3MPre-Seed2020Seed · 2021-07-06 Raised $1.2M (real) Modeled valuation $5.5M (est)$1.2M$5.5MSeed2021Seed · 2021-07-07 Raised $1.2M (real) Modeled valuation $5.5M (est)$1.2M$5.5MSeed2021Seed · 2021-07-08 Raised $540K (real) Modeled valuation $2.4M (est)$540K$2.4MSeed2021Seed · 2025-10-22 Raised $168K (real) Modeled valuation $359K (est)$168K$359KSeed2025+$1.2M+$1.2M+$540K+$168KCumulative $3.4M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$207K · 2020
Seed$1.2M · 2021
Seed extension$1.2M · 2021
Seed extension$540K · 2021
Seed extension$168K · 2025

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$359K
Base estimate est.
$144K
Conservative case
$671K
Upside case
$840K
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $1.3M · 2020-08-052020Seed · modeled $5.5M · 2021-07-06Seed · modeled $5.5M · 2021-07-07Seed · modeled $2.4M · 2021-07-08Seed · modeled $359K · 2025-10-222025
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 59% high
1.19×/yr
Annual markup
1.56×/yr upside case
0.7 yr
Elapsed time used
0.7 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
16 mo
Avg between rounds
$410K/yr
Capital velocity
5.9 yr
On record since
2020
First round
5
Rounds on file
How it compares to the market

Benchmarked against 701 companies in Mining & Resources. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 0.9× of median
This company$2.1M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.2× of median
This company$168K
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$359K
Sector median$2.5M

Raised more than 50% of sector peers (real $). Modeled value above 10% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #71 of 77.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Blue Gold Ltd · Seed Raised $3.8M · modeled $8.4M (est)Sierra Madre Gold & Silver Ltd. · Seed Raised $4.0M · modeled $8.1M (est)Metal Powder Works Ltd · Seed Raised $3.2M · modeled $7.7M (est)Western Exploration Inc. · Seed Raised $4.3M · modeled $7.5M (est)Mayfair Gold Corp. · Seed Raised $16.2M · modeled $7.3M (est)Great Pacific Gold Corp. · Seed Raised $3.4M · modeled $6.8M (est)Cuprum Metals Inc. · Seed Raised $2.8M · modeled $6.7M (est)Lavras Gold Corp. · Seed Raised $2.6M · modeled $6.2M (est)B & N Mining, Inc. · Seed Raised $3.0M · modeled $6.1M (est)Pirate Gold Corp. · Seed Raised $2.8M · modeled $6.1M (est)West Red Lake Gold Mines Ltd. · Seed Raised $12.9M · modeled $5.8M (est)Thunder Mountain Gold Inc · Seed Raised $4.9M · modeled $5.3M (est)Apollo Silver Corp (this company) Raised $2.1M · modeled $359K (est)Apollo Silver Corp
CompanyStageRaised · realValue · estvs peer med.
Blue Gold LtdSeed$3.8M$8.4M3.03×
Sierra Madre Gold & Silver Ltd.Seed$4.0M$8.1M2.94×
Metal Powder Works LtdSeed$3.2M$7.7M2.78×
Western Exploration Inc.Seed$4.3M$7.5M2.72×
Mayfair Gold Corp.Seed$16.2M$7.3M2.64×
Great Pacific Gold Corp.Seed$3.4M$6.8M2.47×
Cuprum Metals Inc.Seed$2.8M$6.7M2.44×
Lavras Gold Corp.Seed$2.6M$6.2M2.25×
B & N Mining, Inc.Seed$3.0M$6.1M2.22×
Pirate Gold Corp.Seed$2.8M$6.1M2.20×
West Red Lake Gold Mines Ltd.Seed$12.9M$5.8M2.12×
Thunder Mountain Gold IncSeed$4.9M$5.3M1.94×
Apollo Silver Corp this companySeed$2.1M$359K0.13×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$207K2020-08-05$1.1M$1.3M90%
Seed$1.2M2021-07-06$6.1M$5.5M90%
Seed$1.2M2021-07-07$6.1M$5.5M90%
Seed$540K2021-07-08$2.7M$2.4M90%
Seed$168K2025-10-22$840K$359K90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$207K2020-08-05
    • First recorded raise — entered as Pre-Seed.
    • 50 investors on this round.
  2. Seed$1.2M2021-07-06
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round 5.9× larger than the prior — scaling up.
    • 3 investors on this round.
  3. Seed$1.2M2021-07-07
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  4. Seed$540K2021-07-08
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  5. Seed$168K2025-10-22
    • Raised again after 51 mo — slower than the ~11 mo sector norm.
    • Round 3.2× smaller than the prior — bridge or down round.
    • 3 investors on this round.
Intelligence
2027 ~Q1
Modeled next raise · ~16mo cadence
$168K
Modeled next size est.range $168K$269K
0.3×
Last step-up
$410K/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
ANDREW BOWERING7 other2020-08
Sean Bromley6 other2020-08
James Hynes4 other2021-07
Ross McElroy4 other2025-10
Dean Besserer2 other2020-08
Simon Clarke2 other2020-08
ALEX TSAKUMIS1 other2025-10
Catherine Fitzgerald1 other2021-07
Cathy Fitzgerald1 other2021-07
Steven Thomas1 other2021-07
Chris Cairns2025-10
Christopher Cairns2021-07
Collette Brown-Rodriguez2021-07
Daryn Gordon2020-08
Emily Ketchen2020-08
Jackie Przybylowski2025-10
Jocelyn Thompson2021-07
Rona Sellers2021-07
Tom Peregoodoff2021-07
Registry & provenance

Apollo Silver Corp is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1811931
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
White Gold Corp.Mining & ResourcesSeed$2.3M$5.0Mnetwork1 shared operator · same sector · same stage
Shift Rare Metals Inc.Mining & ResourcesSeed$1.5M$3.7Mnetwork1 shared operator · same sector · same stage
South Pacific Metals Corp.Mining & ResourcesSeed$3.3M$5.3Mnetwork1 shared operator · same sector · same stage
Modern Mining Technology Corp.Mining & ResourcesSeed$3.3M$13.2Mnetwork1 shared operator · same sector · same stage
Orla Mining Ltd.Mining & ResourcesSeed$3.7M$2.1Mnetwork1 shared operator · same sector · same stage
NexGold Mining Corp.Mining & ResourcesSeed$5.5M$3.3Mnetwork1 shared operator · same sector · same stage
American Critical Minerals Corp.Mining & ResourcesPre-Seed$194K$360Knetwork2 shared operators · same sector
Patriot Critical Minerals Corp.Mining & ResourcesPre-Seed$170K$299Knetwork2 shared operators · same sector
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Silver X Mining Corp.Mining & ResourcesSeed$4.4M89%
Silver Dollar Resources Inc.Mining & ResourcesPre-Seed$1.3M88%
Americas Gold & Silver CorpMining & ResourcesSeries B$34.3M88%
Southern Silver Exploration CorpMining & ResourcesSeed$360K88%
Cartier Silver CorpMining & ResourcesPre-Seed$1.9M87%
Silver Bull Resources, Inc.Mining & ResourcesSeries A$397K87%
Argenta Silver Corp.Mining & ResourcesPre-Seed$1.8M87%
Discovery Silver CorpMining & ResourcesPre-Seed$508K87%
Frequently asked
How much funding has Apollo Silver Corp raised?
Apollo Silver Corp has raised approximately $2.1M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Apollo Silver Corp's estimated valuation?
Provath's modeled valuation for Apollo Silver Corp is approximately $359K (modeled range $144K–$671K). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Apollo Silver Corp at?
Apollo Silver Corp's latest modeled financing stage is Seed. Its most recent recorded round closed around Wed Oct 22.
What does Apollo Silver Corp do and where is it based?
Apollo Silver Corp operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

See where Apollo Silver Corp sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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