Apollo Silver Corp. has recently announced a significant milestone in its operations by becoming a member of the U.S. Defense Industrial Base Consortium (DIBC). This consortium, which is backed by the U.S. Department of Defense, aims to foster collaboration among various sectors, including industry, academia, and government. The focus is on developing solutions that cater to U.S. defense and national security needs.
The DIBC emphasizes the importance of strategic and critical materials for national security. This includes initiatives targeting the resilience and security of domestic supply chains for critical minerals essential for defense and industrial applications. Through this consortium, Apollo Silver aims to enhance its contributions to these pressing needs.
Apollo Silver’s Role in the Consortium
The Calico Project, which is based in the United States, is one of Apollo Silver’s key assets. It contains considerable silver mineralization as well as barite and zinc, materials categorized as critical minerals by the U.S. Geological Survey (USGS). These minerals play vital roles in various sectors, including industrial and defense applications.
By joining the DIBC, Apollo Silver becomes part of a network that includes both traditional and non-traditional defense contractors, federal agencies, and research institutions. This membership offers the company unique opportunities to engage in federally sponsored initiatives focused on the supply chains of critical materials, particularly silver, zinc, and barite mining and processing.
Strategic Importance
According to Ross McElroy, the President and CEO of Apollo Silver, this acceptance into the DIBC reflects the increasing strategic significance of U.S.-based critical mineral assets. The inclusion of silver on the USGS List of Critical Minerals highlights its importance, especially since its classification came about in November. McElroy notes that with one of the largest undeveloped primary silver assets in the U.S, alongside significant barite and zinc resources, Apollo Silver is strategically positioned to align its operations with U.S. priorities surrounding supply chain security and national defense.
About Apollo Silver Corp.
Apollo Silver is advancing one of the largest undeveloped primary silver projects in the United States. The Calico Project is recognized for containing a substantial, bulk-minable silver deposit, which also comes with significant barite and zinc credits. These minerals are considered essential to the U.S. energy, industrial, and medical sectors.
Additionally, the company holds an option on the Cinco de Mayo Project located in Chihuahua, Mexico. This project hosts a major carbonate replacement deposit, offering both high grades and large tonnage potential. With a team of experienced and award-winning professionals at the helm, Apollo Silver is well-equipped to advance its assets and create value through exploration and development efforts.
For more information about Apollo Silver and its projects, interested parties can visit www.apollosilver.com.
Future Opportunities
The DIBC membership opens doors for Apollo Silver to explore new avenues for growth. The collaboration with diverse stakeholders could lead to innovative solutions that address both current and future challenges in the mineral supply chain. Engaging with federal initiatives will not only enhance their operational scope but also ensure that they contribute meaningfully to national security.
In summary, Apollo Silver’s acceptance into the DIBC is not just a recognition of its current capabilities but a commitment to future endeavors that align with critical U.S. defense strategies. As the company continues to develop its projects, it remains dedicated to advancing the interests of both its stakeholders and the broader national agenda regarding critical minerals.