Steve Penny, founder of SilverChartist.com, shares his thoughts on silver’s price breakout and next move, as well as the gold, platinum, uranium and oil markets.
‘In 1979, silver went up 700 percent, 8X in 12 months. I think that moment still lies ahead,’ he said.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
The vanadium market remained subdued in H1 2025, weighed down by persistent oversupply and weak usage from the steelmaking sector, even as new demand avenues like energy storage gained attention.
Price data shows that vanadium pentoxide in major regions such as the US, China and Europe traded in roughly the US$9,300 to US$13,000 per metric ton range in Q1 and Q2, with no dramatic price spikes. Modest support was provided by demand for vanadium redox flow batteries (VRFBs) and stricter Chinese rebar standards.
Producers reported ongoing pressure on prices and profitability, with oversupply from China and Russia continuing to temper upward momentum and buyers delaying purchases amid resilient feedstock availability.
At the same time, vanadium’s role in long‑duration energy storage, particularly VRFBs, emerged as a potential growth driver as the year progressed, hinting at deeper structural demand beyond traditional industrial uses.
“The expected growth in vanadium demand from VRFBs as an energy storage solution at the grid-level represents a bright future for increased consumption,” a July CRU report reads. “However, the present reality is vanadium consumption is still dominated by use as a ferroalloy (ferrovanadium and vanadium nitride).”
As 2025 progressed, the vanadium market continue to grapple with weakness as steel production demand struggled to absorb available supply and the broader metals complex remained in the doldrums.
Vanadium pentoxide prices stayed under pressure in most regions, with figures from the second quarter showing US prices near US$9,584, and Chinese prices around US$8,655, reflecting tepid buying activity and ongoing oversupply, even as emerging applications such as VRFBs sustained pockets of interest.
As mentioned, a key factor has been sluggish steel sector demand. Globally, crude steel production has weakened, particularly in China — historically the largest vanadium consumer — slowing vanadium’s traditional core market as rebar and structural steel consumption softened amid broader economic headwinds.
Although new Chinese rebar standards introduced earlier in 2025 mandate higher vanadium intensity in steel, anticipated increases in consumption have only partially materialized, leaving producers competing for limited contracts and putting downward pressure on average ferrovanadium and vanadium pentoxide prices.
At the same time, market participants reported that producers were cutting output and tightening supply in response to persistent low pricing. Several companies in China and the west curtailed production or deferred capital projects, indicating that margins were strained and cost discipline was becoming an industry imperative.
Global vanadium production has been declining since 2021, when the US Geological Survey reported total global output of 105,000 metric tons; that’s compared to 2024’s 100,000 metric tons.
Despite headwinds, structural changes in vanadium demand were evident in H2 2025.
VRFBs continued to gain momentum as more utility‑scale projects were announced and commissioned. The technology’s appeal lies in its scalability, long cycle life and safety profile compared to conventional lithium‑ion systems; installations in China, Japan and North America point to a slowly growing pipeline of demand outside steel.
Industry analysts have noted that vanadium demand from VRFBs could nearly triple by 2040 as long‑duration storage becomes a more integral part of renewable power grids, even if these applications currently represent a small fraction of total consumption. In China alone, installations of large‑scale VRFB systems were projected to consume tens of thousands of metric tons of vanadium pentoxide equivalent in 2025, offsetting some weakness in steel alloying use.
This bifurcation — weak traditional demand versus nascent battery demand — typified H2, producing a market where prices remained subdued, but underlying interest in new applications suggested a shift in fundamentals.
Although US Geological Survey data shows Australia doesn’t currently produce vanadium, the nation holds the largest recorded vanadium reserves at more than 8.5 million metric tons.
Looking to tap this potential, the country has focused its attention on the industrial metal.
In January 2025, Australian Vanadium (ASX:AVL,OTCPL:ATVVF) received environmental approval from Western Australia for the Gabanintha vanadium project. The approval, granted by Minister for Environment Reece Whitby under section 45 of the Environmental Protection Act 1986 (WA), cleared the way for construction and production.
Shortly afterwards, the company’s namesake Australian Vanadium project, located in Western Australia’s Murchison province, earned a green energy major project designation.
The Queensland government has also invested in expanding refinement and processing capacity. Last May, construction began at Queensland’s first resources common user facility at the Cleveland Bay Industrial Park in Townsville.
The facility is designed to support the development, extraction and production of critical minerals, enabling the creation of mineral samples at scale and serving as a testing hub for commercializing production processes.
The government has identified vanadium as the initial focus, highlighting its key role in renewable energy applications.
In November, Western Australia launched a AU$150 million vanadium battery energy storage system project, aiming to make the state a leader in renewable energy and energy storage.
The 50 megawatt/500 megawatt-hour flow battery will use locally sourced and processed vanadium, and is expected to be the largest of its kind in Australia, supporting advanced manufacturing and a domestic supply chain.
Looking ahead, analysts forecast that vanadium dynamics will begin to tilt in favor of tighter supply and strengthened pricing, though the timing and pace remain contingent on several variables.
A combination of reduced output and rising consumption — particularly from VRFBs — is expected to push the market toward a deficit by late 2026, encouraging a gradual recovery in vanadium prices.
Central to that shift is the energy transition. Demand for vanadium in long‑duration energy storage is projected to rise sharply as utilities and grid operators seek cost‑effective solutions to buffer renewables and stabilize electricity systems.
The vanadium market’s long‑term promise is underpinned by projections that VRFB deployment could grow at double‑digit rates, even as the bulk of demand remains tied to steel alloying.
On the supply side, a cautionary mood among producers — reflected in delayed project developments and tighter output discipline — may limit new material flowing onto the market in 2026.
With prices remaining below historical averages, many potential expansions are unbankable in the current price environment, meaning that new supply additions are likely to be limited absent a sustained price uptick.
“Vanadium market prices are likely to rise from late 2026, supported by tightening supply and growing demand from VRFBs. With weak prices in 2024 and 2025, driven by sluggish steel demand, vanadium producers have curbed output,” a CRU report published this past December notes.
Analysts at CRU project a late-year rebound, but caution that demand could triple by 2040 far outpacing production.
“Meanwhile VRFB demand is accelerating, evidenced by robust vanadium electrolyte project pipeline,” the firm’s report continues. “Rising demand will quickly run into depressed production, where prices will need to increase to support higher utilisation rates in mid-to late 2026.”
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
As calls grow to modernize America’s aging retirement system, Franklin Templeton is positioning blockchain as the key to the next evolution of asset management infrastructure.
In a recent survey of 52 leading retirement industry entities, the global investment firm found near-universal agreement that modernization is urgent. This discovery underscores structural inefficiencies across the US retirement landscape, from legacy administration and fragmented data systems to outdated product delivery models.
In a summary statement accompanying the results of the report, Crossley maintained that “the next phase of modernization won’t just digitize existing systems — it will redefine them.”
The executives interviewed, who are responsible for roughly US$18 trillion in assets, described legacy infrastructure as fragmented, inefficient and ill-suited to modern employment patterns and participant expectations.
“We expected (a) debate about the pace of change or which innovations to prioritize. Instead, we heard near-universal agreement that … incremental improvements won’t be enough,’ he continued.
“One participant told us the legacy infrastructure needs to be burned down and built up from scratch. When industry leaders … are that candid about structural deficiencies, it signals we’ve reached a genuine inflection point.”
Crossley explained that there are three forces driving urgency:
While blockchain adoption in retail investment remains gradual, enterprise-level integrations have advanced steadily in recent years. Franklin Templeton itself has issued tokenized money market funds and piloted on-chain share registries.
“Intraday yield enables proportional calculation and distribution of yield, down to the second, when a tokenized security is transferred from one party to another — only made possible by blockchain innovation.”
The firm’s latest research suggests that the same efficiencies could underpin large-scale retirement solutions.
“The core problem in the industry is fragmentation,” Crossley said.
“Retirement data sits in silos across record keepers, plan sponsors, asset managers and benefits administrators, all running separate ledgers that require constant reconciliation,’ he continued, noting that blockchain provides a solution by creating a single shared record that every authorized participant can access simultaneously.
“Beyond that, tokenization allows us to embed rules directly into assets,” Crossley added. “A participant’s 401(k) contribution, their benefits elections (and) their employer match formula can all become programmable contracts that execute automatically. That’s not something a conventional database upgrade can replicate.”
Crossley pointed out that the bulk of retirement administration remains mired in costly, duplicative processes that fail to add value, with record keepers spending about US$12 billion a year servicing plans.
“Blockchain collapses that into a single shared record. When a contribution post or a benefits claim (is processed), every authorized party sees identical data simultaneously,’ he emphasized.
“Smart contracts take it further by automating routine administration. A participant’s contribution rate, investment election and match formula can be encoded into a self-executing contract. The blockchain monitors incoming payroll data and triggers the appropriate actions without manual intervention.”
As regulatory frameworks mature and data security protocols strengthen, institutional players appear more willing to explore blockchain-based modernization at a broader scale.
If Franklin Templeton’s vision takes hold, the shift from “account to wallet” could mark one of the biggest operational revolutions in retirement management since the 401(k) was introduced nearly half a century ago.
“A wallet-based model consolidates that view. Your retirement contributions, benefits elections and employer match terms become tokens held in a single digital wallet that you control and carry with you across jobs.’
He noted that custodians and asset managers would have to rethink delivery.
‘Instead of being product manufacturers pushing funds into accounts, they become service providers operating within a networked ecosystem where the participant’s wallet is the central hub,’ Crossley said.
Despite the promise, Crossley acknowledged that implementation roadblocks still lay ahead.
“Culture may be the steepest climb. The retirement industry has been conditioned by litigation risk to avoid anything nonstandard. Fiduciaries default to the cheapest, most common options because doing something different invites lawsuits. That mindset has to shift before any technology gains traction,’ he said.
“On the technical side, many record keepers still operate on mainframe systems built decades ago. Extracting and standardizing that data for migration is a massive undertaking,’ Crossley continued. In his view, regulatory clarity would be helpful in speeding up adoption, but internal barriers are hindering established franchies.
Franklin Templeton actively engages with regulators worldwide through sandboxes, hearings and white papers to align blockchain innovations with fiduciary standards while fostering investor protection and market growth.
“Our goal is to help build a regulatory environment where new technologies can thrive safely and transparently, unlocking the benefits of blockchain for institutions and individuals alike,’ he said.
‘By working together, we’re not just advancing our own capabilities; we’re helping to set the standard for a more open, resilient and trustworthy financial ecosystem,’ Crossley added. “We believe that the best regulatory frameworks don’t just safeguard investors; they also create the conditions for growth, experimentation and broader participation.”
Crossley envisions a future where tokenized retirement systems operate seamlessly behind the scenes.
“Imagine a system where your retirement plan follows you across every job without paperwork, where your benefits selections automatically adjust when your circumstances change and where an AI-powered assistant actively optimizes your contributions, benefits usage and purchasing power in real time,’ he said.
“Tokenization makes that possible because it transforms static account records into programmable assets. Your 401(k) allocation, your HSA and your employer match formula all become smart contracts that execute automatically based on your preferences and life events. The end state is a retirement system that works continuously in the background rather than something you revisit once a year during open enrollment.”
Franklin Templeton sees gradual progress leading to meaningful adoption within three to five years.
He also noted that some forward-leaning providers are already testing wallet-based delivery for select participant groups. For example, Fidelity Investments offers Bitcoin exposure in 401(k)s via its digital assets account with up to 20 percent allocation and risk controls, while JPMorgan Chase’s (NYSE:JPM) Kinexys supports tokenized fund shares for automated rebalancing and collateral on permissioned networks. US provider ForUsAll enables up to 5 percent crypto self-directed windows via Coinbase Institutional in its Alt401(k) plans for small businesses.
“The question isn’t whether this shift happens,” said Crossley. ‘But whether incumbent players lead it or find themselves responding to competitors who moved first.”
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Viking Mines Ltd (ASX: VKA) (“Viking” or “the Company”) is pleased to announce that it has completed a strategic acquisition of a comprehensive historical technical dataset covering the Linka Project in Nevada, USA. The dataset was purchased for US$35,000 (~A$50,000) and contains extensive records that is estimated to cost in excess of A$1.0 million to replicate at current market rates.
The acquired data includes high-quality scans of cross-sections and maps from the late 1970s. This information is critical for understanding the location of high-grade zones of the Linka tungsten system without the need to ‘re-discover’ known mineralisation.
Commenting on the historical data acquisition, Viking Mines MD & CEO Julian Woodcock said:
“Sourcing this extensive dataset substantially shortcuts the time required to advance the Linka Project, reduces the capital outlay required and reduces the exploration risk.
“We are extremely fortunate to have been able to source this information and have commenced with converting the information into digital format to bring into 3D geological modelling software.
“Upon completion of the airborne survey at the Project we will have the necessary ground features to accurately georeference the historical maps and sections to allow us to extract the drillhole collar information and build a drillhole database.
“I look forward to interrogating the data and releasing to market as we complete the digitisation process.”
Click here for the full ASX Release
Former Chicago Mayor Rahm Emanuel, a potential White House hopeful for 2028, said on Wednesday that he wants a mandatory retirement age of 75 for the president and people holding office in other branches of government.
‘You’re 75 years old: done,’ Emanuel, a Democrat, said at a Center for American Progress event. ‘And that would be in the legislative branch, it’d be in the executive branch — including the Cabinet — and it’d also be in the Supreme Court, and all the federal courts.’
Emanuel, 66, acknowledged that he would be affected by this proposal if he happens to be elected president in 2028 and seeks re-election, as he would be 73 at the start of a potential second term.
‘I know where I am in my age. Of course it would apply to me,’ Emanuel told Politico. ‘You can’t say ‘here’s what I want to do to change Washington, one of the things I want to do’ — but I get an exemption because I bought it beforehand.’
The proposal would make President Donald Trump, 79, ineligible to continue serving and would have prevented former President Joe Biden, now 83, from serving his term in the White House.
In Congress, 17 senators and 45 House members are currently 75 or older and would be impacted by the standard.
Supreme Court Justices Clarence Thomas, 77, and Samuel Alito, 75, would also be barred from continuing to serve on the bench, while Justices Sonia Sotomayor, 71, and John Roberts, 70, are nearing Emanuel’s mandatory retirement age.
‘You can’t serve in the armed forces, you can’t serve in private sector jobs,’ Emanuel told reporters on Wednesday. ‘Go work on your golf swing, it’s not that good to begin with.’
Emanuel, who served as ambassador to Japan under Biden and chief of staff under former President Barack Obama, is reigniting a topic that was hot during the last presidential election.
Biden, then 81, and Trump, then 78, were both campaigning for a second term ahead of the 2024 election while facing questions surrounding repeated gaffes. Biden ultimately dropped out of the race amid pressure to end his campaign over his mental and physical fitness.
Former U.S. Ambassador to the U.N. Nikki Haley, who ran in the GOP primary in the last presidential election, proposed mandatory mental competency tests for politicians over the age of 75 during her campaign.
Emanuel, also a former House member, said he would push for legislation to set the limit instead of attempting a constitutional amendment. It is unclear whether that proposed legislation would be constitutional, and could be difficult to receive support in a Congress where the median age for senators is 64.
He said the age limit would be part of a broader demand for ‘comprehensive ethics, lobbying [and] anti-corruption reform’ across the federal government that he said would include a crackdown on lawmakers and judges accepting and stock trading. He wants the Democratic Party to push that proposal as part of a midterms message that also includes raising the minimum wage.
‘You have a president of the United States, in my view, that has expanded, deepened the swamp. Our job is to drain the swamp as Democrats,’ Emanuel said. ‘There’s not a day that goes by that you don’t read a story about either his family, [Commerce Secretary Howard] Lutnick’s family or [Special Envoy Steve] Witkoff’s family making money.’
The US is among the world’s top silver producers, recording output of 1,100 metric tons in 2024.
While that’s far below first-place Mexico’s production of 6,300 metric tons of silver, the US is still a major producer of the precious metal, and is likely to remain a key source moving forward. However, few mines in the US are primary silver producers — much of the silver in the country is produced as a by-product of gold mining, and it can also be found with metals like copper and zinc.
So where exactly is silver produced in the US, and which companies are mining it? Alaska is the leading silver-producing state, followed by Nevada and Idaho. America’s three largest primary silver mines by production are the Greens Creek mine in Idaho, the Rochester mine in Nevada and the Lucky Friday mine in Alaska.
Read on for an overview of the three largest US silver producers by market cap.
Data for the stocks listed was current as of January 15, 2026.
Market cap: US$16.91 billion
Hecla Mining operates the Greens Creek and Lucky Friday silver mines in Alaska and Idaho. Greens Creek is the United State’s largest silver mine. In addition to being a major silver miner in the US, Hecla also has mines in Canada, with the Keno Hill silver operation in the Yukon Territory and Casa Berardi gold-silver mine in Québec. Additionally, Hecla has a variety of exploration projects across North America.
In its 2024 results, Hecla reported silver reserves of 240 million ounces, silver production of 16.2 million ounces and a record US$929.9 million in total sales. The majority of Hecla’s 2024 silver production was derived from its Greens Creek and Lucky Friday mines, which produced 8.48 and 4.89 million ounces respectively.
Hecla’s 2025 production guidance stands at 16.2 million to 17 million ounces, with the vast majority expected to come from its US operations. In Q3 2025, the company produced 4.59 million ounces of silver, and 13.22 million ounces through the first nine months of the year.
‘Our third quarter results represent a defining moment for Hecla, with record-breaking performance across a number of key financial metrics,’ Rob Krcmarov, Hecla’s president and CEO, said in its Q3 results. ‘Greens Creek continues to exceed expectations, Keno Hill has delivered three consecutive quarters of profitability under our ownership, Lucky Friday maintained consistent production while advancing the surface cooling project, and Casa Berardi’s cost trajectory is improving.’
Market cap: US$13.58 billion
Coeur Mining describes itself as a growing precious metals producer with four producing mines in the Americas. Its major silver-producing operation in the US is the Rochester silver-gold mine in Nevada. Its other US mines are the Kensington gold mine in Alaska and Wharf gold mine in South Dakota, with Wharf also producing silver as a by-product.
In Mexico, Couer owns the Palmarejo silver-gold complex in Chihuahua and the Las Chispas silver-gold mine in Sonora. Coeur added Las Chispas to its portfolio when it acquired SilverCrest in early 2025. Coeur is also advancing work at its Silvertip silver-zinc-lead project in British Columbia, Canada.
For 2024, Rochester’s silver production totaled 4.38 million ounces, falling slightly shy of its 2024 guidance of 4.8 million to 6.6 million ounces, while Coeur’s full silver production across its operations totaled 11.4 million ounces.
As of Q3 2025, Coeur’s 2025 silver production guidance stood at 18.1 million ounces, with Rochester expected to produce 6 million to 6.7 million ounces of silver. In the first nine months of the year, Coeur produced 13.2 million ounces of silver across its operations, with Rochester accounting for 4.38 million ounces.
“Coeur delivered another quarter of record financial results, driven by higher prices, balanced contributions from all five of our North American gold and silver operations along with overall strong cost control,” President and CEO Mitchell J. Krebs said in the release. “Las Chispas experienced a particularly strong quarter, with the team continuing to exceed expectations in just its second full quarter of operations with the Company.”
Market cap: C$1.69 billion
Americas Gold and Silver is mining for silver in the US and Mexico. The company has two producing assets: the Galena Complex in Idaho, which produces silver, copper and antimony, and the Cosalá operation in Mexico. It also owns the Relief Canyon mine in Nevada, currently on care and maintenance, and the newly acquired, past-producing Crescent silver mine, located 9 miles from Galena in Idaho.
In December 2024, the company consolidated full ownership of Galena when it acquired the outstanding 40 percent interest from an affiliate of Eric Sprott and Paul Andre Huet. As part of the deal, Sprott acquired a significant interest in the company, and Huet was appointed its CEO and Chairman. Americas stated that its benefits from 100 percent ownership in the property include streamlined decision making and a focused vision for Galena.
The company has been working on expansion efforts at Galena since early 2024. In its 2024 results, Americas Gold and Silver reported attributable silver production from Galena of approximately 1.5 million ounces compared to 1.6 million ounces the previous year.
In September 2025, Americas completed the first upgrade on Galena’s No 3 shaft ahead of schedule, improving productivity. In its Q3 results, the company reported 2025 year-to-date production of 1.9 million ounces of silver.
In December, the company completed the acquisition of the past-producing Crescent silver mine near Galena. The historic resource at the site demonstrates mineralization similar to that at Galena, with the potential to add 1.4 million to 1.6 million ounces of silver annually.
In an operational update in January 2026, the company said development of Crescent was progressing rapidly and it was aiming for a mid-2026 restart of operations.
“This rapid execution is an excellent start to our plan to establish best-in-class operations at Crescent. We’re poised to unlock multiple synergies with our neighbouring Galena Complex from procurement savings and equipment sharing to G&A efficiencies and spare processing capacity,’ Chairman and CEO Huet stated.
Securities Disclosure: I, Dean Belder, currently hold a small investment in Hecla Mining, but do not hold investments in any other company mentioned in this article.
Bitcoin is prone to price volatility, with wide swings to the upside and downside, making it difficult for investors to know when is the right time to buy the top crypto.
An emerging industry-friendly US regulatory environment, US Federal Reserve interest rate decisions, and rising institutional demand helped the Bitcoin price to soar to new heights in 2025, as investors and other industry insiders speculate on how the Trump administration’s policies could further grow the sector and encourage mainstream adoption.
Trump ran on a platform that promised to make the US the Bitcoin capital of the world, vowing to establish a national reserve for the asset, and several states have already introduced legislation to create similar reserves within their borders.
The promise of a lower interest rate environment with changing Fed monetary policy has also fueled demand for non-interest-bearing assets like Bitcoin.
The price of Bitcoin pulled back to under US$100,000 in February 2025 and fell as low as US$75,000 by April 9, marking a strong buying opportunity for crypto investors. Bitcoin rebounded in May, breaking past the US$100,000 level and surging further over the summer to more than US$120,000 per BTC. That upward momentum stayed in play through October 6 when Bitcoin set a new all-time high price of US$126,198.07 per BTC.
However, the price of the cryptocurrency declined steadily through the rest of October and November on a pervading risk-off sentiment deepening in the market alongside rising expectations of interest rate hikes on the part of central banks such as Japan.
Despite the inherent volatility in the market, institutions and retail investors have continued to buy Bitcoin by the millions, and spot Bitcoin exchange-traded funds (ETFs) remain popular.
Yet there were bearish signals hitting the wires in late 2025 that might impact how Bitcoin performs in the year ahead.
For example, index provider MSCI was considering delisting companies whose business model is to buy and hold crypto due to their similarity to investment funds, which are typically not included in its indexes.
According to Reuters, Michael Saylor’s Strategy (NASDAQ:MSTR), a big buyer of digital coin and a significant influencer in the sector, was in discussions with MSCI over the latter company possibly removing Strategy from major stock indexes. JPMorgan Chase (NYSE:JPM) said if other index providers take the same tack, this could pull US$8.8 billion out of the crypto market.
While MSCI announced it was delaying the plan in January, the index company noted it wouldn’t include newly issued shares of such companies and was reviewing its options.
As you can see, buying Bitcoin isn’t a simple decision. Read on to learn the basics of Bitcoin fundamentals, price forecasts and methods for determining if now’s the right time to buy Bitcoin, including several popular technical trading indicators you should know.
Before you decide if Bitcoin is a good investment for you, you need to understand Bitcoin and the wider crypto market.
Bitcoin was the world’s first cryptocurrency, created in January 2009 by the mysterious Satoshi Nakamoto.
Conceived as a virtual alternative to fiat currency, Bitcoin is built atop blockchain technology, which it uses for both validation and security. Blockchain itself is a distributed digital ledger of transactions, operating through a combination of private keys, public keys and network consensus.
The best analogy to explain how this works in practice involves Google Docs. Imagine a document that’s shared with a group of collaborators. Everyone has access to the same document, and each collaborator can see the edits other collaborators have made. If anyone makes an edit that the other collaborators don’t approve of, they can roll it back.
Going back to Bitcoin, the virtual currency primarily validates transactions through proof of work. Also known as Bitcoin mining, this competitive and incredibly resource-intensive process is the means by which new Bitcoins are generated.
How it works is deceptively simple. Each Bitcoin transaction adds a new ‘block’ to the ledger, identified by a 64-digit encrypted hexadecimal number known as a hash. Each block uses the block immediately preceding it to generate its hash, creating a ledger that theoretically cannot be tampered with. Bitcoin miners collectively attempt to guess the encrypted hex code for each new block — whoever correctly identifies the hash then validates the transaction and receives a small amount of Bitcoins as a reward.
From an investment perspective, Bitcoin toes the line between being a medium of exchange and a speculative digital asset. It also lacks any central governing body to regulate its distribution. As one might expect, these factors together make Bitcoin quite volatile, and therefore somewhat risky as an investment target.
As for the source of this volatility, Bitcoin’s value is primarily influenced by five factors.
It’s widely known that no more than 21 million Bitcoins can be produced, and that’s unlikely to happen before 2140.
Only a certain number of Bitcoins are released each year, and this rate is reduced every four years by halving the reward for Bitcoin mining. The last of these ‘halvings’ occurred in April 2024 and the next one is due sometime in 2028. When it happens, there may be a significant increase in Bitcoin demand, largely driven by media coverage and investor interest.
Bitcoin demand is also strengthening in countries experiencing currency devaluation and high inflation.
It would be remiss not to mention that Bitcoin represents an ideal mechanism for supporting illicit activities — meaning that increasing cybercrime could itself be a demand driver.
It’s said that Bitcoin benefits from minimal production costs. This isn’t exactly true, however. Solving even a single hash requires immense processing power, and it’s believed that crypto mining collectively uses more electricity than some small countries. It’s also believed that miners were largely responsible for the chip shortage experienced throughout the pandemic due to buying and burning out vast quantities of graphics cards.
These costs together have only a minimal influence on Bitcoin’s overall value. The complexity of Bitcoin’s hashing algorithms and the fact that they can vary wildly in complexity are far more impactful.
Bitcoin’s cryptocurrency market share has sharply declined over the years. In 2017, it maintained a market share of over 80 percent. Bitcoin’s current market share is just under 59 percent.
Despite that fall, Bitcoin remains the dominant force in the cryptocurrency market and is the marker by which many other cryptocurrencies determine their value. However, there is no guarantee that this will always remain the case. There are now scores of Bitcoin alternatives, known collectively as altcoins, which you can learn more about here.
The most significant alternative to Bitcoin is Ethereum. Currently accounting for roughly 12 percent of the crypto market, Ethereum has long maintained its position as the second largest cryptocurrency. Some experts have suggested that Ethereum may even overtake Bitcoin, but others don’t see that as a possibility in the near future.
Bitcoin may itself be unregulated, but it is not immune to the effects of government legislation. For instance, China’s 2021 ban of the cryptocurrency caused a sharp price drop, though it quickly rallied in the following months. The European Union has also attempted to ban Bitcoin in the past, and Nic Carter, a partner at Castle Venture, accused the US of trying to do the same in February 2023.
There has been plenty of discussion surrounding the role of the US Securities and Exchange Commission (SEC) in regulating Bitcoin and other crypto as investment assets. The US made progress in establishing crypto legislation in 2024 when the House passed the Financial Innovation and Technology for the 21st Century (FIT21) Act in a bipartisan 279 to 136 vote on May 22 of last year.
While that act has yet to make further progress, the new Trump administration has already loosened some crypto regulation with regards to crypto reporting for banks and decentralized finance businesses.
In April 2025, the SEC approved rule changes allowing Ether ETF options, and also updated its guidance on crypto company disclosures.
Around the same time, President Trump signed a resolution repealing the Internal Revenue Services’ (IRS) controversial DeFi broker rule. Enacted at the end of the Biden Administration, the rule expanded the definition of “broker” to include decentralized finance, or DeFi, platforms. The reversal passed both chambers of Congress with bipartisan support.
In July, Trump signed the GENIUS Act into law, which establishes a regulatory framework for payment in stablecoins. Secretary of the Treasury Scott Bessent has stated that the law paves the way for a potential stablecoin market worth US$3.7 trillion by 2030.
As with many growth markets, it’s two steps forward, one step back, and cryptocurrency is no exception. In early December, the SEC halted the approval process of a number of ETFs over concerns they exceed the regulatory limits on allowable leverage and pose too great a risk to investors. This effectively blocked the rollout of new ETF products from nine issuers, including Direxion, ProShares and Tidal.
As with any speculative commodity, Bitcoin is greatly influenced by the court of public opinion.
Perhaps the best example of this occurred in 2021. At that time, a tweet from Tesla’s (NASDAQ:TSLA) Elon Musk caused Bitcoin’s price to drop by 30 percent in a single day. This also wiped about US$365 billion off the cryptocurrency market.
Another example occurred on January 9, 2024, leading up to the deadline for eight spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC). In a since-deleted post on X, formerly known as Twitter, a hacker falsely stated that the SEC had approved all eight pending Bitcoin ETFs. This caused the price of Bitcoin to spike to US$48,000, but it quickly dropped back down to around US$46,000 after the SEC confirmed it was a hack, leading some analysts to consider it a ‘sell-the-news’ event.
The current US administration is crypto friendly, and Bitcoin and altcoins saw support in 2025. Could they go even higher, or should you wait for a dip to buy? Bitcoin is notoriously volatile, which can make it difficult to judge where the crypto is going next, but there are several strategies to help investors decide when to invest.
To determine if it is a good time to invest in Bitcoin, investors should pay attention to the market and listen to the experts, as generally speaking, Bitcoin’s price action is sentiment-driven. To keep on top of big news in the sector, follow our frequent Crypto Market Updates, which drop several times a week.
There are also different technical indicators that crypto traders use to help them decide if now is the time to buy or sell Bitcoin. We run through some popular indicators below.
For example, the Relative Strength Index (RSI) is a technical indicator used to gauge the momentum of a cryptocurrency’s price. It fluctuates on a scale from 0 to 100. By analyzing the magnitude of recent price changes relative to the previous 12-month period, the RSI helps traders identify whether a cryptocurrency is potentially overbought or oversold. An RSI above 70 often signals an overbought market, while an RSI below 30 suggests an oversold market.
Another metric to consider is the MVRV Z-score, calculated by subtracting the ‘realized’ value of Bitcoin, which is an average of the prices at which each Bitcoin was last moved, from the current market value. This is then divided by the standard deviation of the Bitcoin market cap.
This indicator helps identify when market value deviates strongly from realized value, which could show the market is at a turning point. A score above 7 likely indicates that Bitcoin is overvalued, meaning it could be due for a correction, while a score below 0 suggests that Bitcoin is undervalued, meaning it could be a good buying opportunity.
Finally, to gauge the overall market sentiment, investors can look at the Fear & Greed Index. This index provides a snapshot of how optimistic or fearful the market is about Bitcoin, with high readings potentially signaling overenthusiasm and a possible correction.
While it’s useful to learn these technical indicators to help you trade, it is important to remember that there’s no such thing as a guaranteed investment, especially when it comes to cryptocurrencies. On the one hand, there’s virtually no chance that Bitcoin will experience a crash to zero. On the other hand, we also cannot take for granted that its value will continue to climb.
For those considering Bitcoin as a long-term investment, it’s worth considering experts’ thoughts on Bitcoin in the future.
JP Morgan forecasted in November that Bitcoin will reach US$170,000 in the next six to 12 months. The estimate is based on the bank’s volatility-adjusted model comparing Bitcoin to gold.
With a focus on long-term growth rather than short-term volatility, in December Ripple CEO Brad Garlinghouse predicted Bitcoin will reach US$180,000 by the end of 2026.
Not everyone is so optimistic about Bitcoin’s prospects. Top economist Henrik Zeberg has expressed concerns about Bitcoin’s future in the context of continued economic uncertainty, as its price remains highly linked with the performance of the tech-stock heavy NASDAQ.
Billionaire investor Warren Buffet, meanwhile, has not minced words regarding his opinion on Bitcoin and its future. According to Buffet, Bitcoin is an unproductive asset with no unique value. He also feels that it doesn’t count as a true currency — in fact, he called it “rat poison.” Moreover, he believes that the crypto market as a whole will end badly.
Regardless of whether you believe Bitcoin’s proponents or naysayers, it’s clear that it has some incredibly prominent backers in both the investment world and the wider business landscape.
Business analytics platform Strategy (NASDAQ:MSTR) is by far the largest public company in the Bitcoin space, with 709,715 Bitcoin to its name as of January 21, 2026. The next two public companies with the largest Bitcoin holdings are Marathon Digital Holdings (NASDAQ:MARA) with 52,850 Bitcoin, and Twenty One Capital (NASDAQ:XXI) with 37,229.7 Bitcoin.
The US, China and the United Kingdom hold the top three spots for countries with the most Bitcoin holdings, with 198,012, 194,000 and 61,245 Bitcoin respectively at that time.
There are also plenty of individuals with large holdings, the most significant of which is believed to be Bitcoin’s creator, Satoshi Nakamoto. Other prominent names include Michael Saylor, Cameron and Tyler Winklevoss, and Tim Draper.
To help increase the odds of crypto being a good investment, investors in the Bitcoin market should learn the basics of safely investing in Bitcoin.
The good news is that investing in Bitcoin is actually quite simple. If you’re purchasing through a stockbroker, it’s a similar process to buying shares of a company. Otherwise, you may need to gather your personal information and bank account details. It’s recommended to secure your network with a VPN prior to performing any Bitcoin transactions.
The first step in purchasing Bitcoin is to join an exchange. Coinbase Global (NASDAQ:COIN) is one of the most popular, but there’s also Kraken and Bybit. If you’re an advanced trader outside the US, you might consider Bitfinex.
Once you’ve chosen an exchange, you’ll need a crypto wallet. Many first-time investors choose a software-based or ‘hot’ wallet either maintained by their chosen crypto exchange or operated by a service provider. While simpler to set up and more convenient overall, hot wallets tend to be less secure as they can be compromised by data breaches.
Another option is a ‘cold’ wallet — a specialized piece of hardware specifically designed to store cryptocurrency. It’s basically a purpose-built flash drive. If you plan to invest large amounts in crypto, a cold wallet is the better option.
Once you’ve acquired and configured your wallet, you may choose to connect either the wallet or your crypto exchange account to your bank account. This is not strictly necessary, and some seasoned investors don’t bother to do this.
Finally, with your wallet fully configured and your exchange account set up, it’s time to place your order.
The most important thing to remember about Bitcoin is that it is a high-risk asset. Treat Bitcoin as a means of slowly growing your existing wealth rather than an all-or-nothing gamble, and never invest money that you aren’t willing to lose.
As with other investments, it’s important to hedge your portfolio. Alongside Bitcoin, you may want to consider investing in other cryptocurrencies like Ethereum, or perhaps an altcoin. You may also want to explore other blockchain-based investments, given that even the most stable cryptocurrencies tend to be fairly volatile.
It’s also key to ignore the hype surrounding cryptocurrencies. Recall how many people whipped themselves into a frenzy over non-fungible tokens in 2022. The majority of NFTs created during that time are now worthless.
Make decisions based on your own market research and advice from trusted — and more importantly, certified — professionals. If you’re putting up investment capital based on an influencer’s tweets, you are playing with fire.
You should also start small. A good rule of thumb is not to dedicate more than 10 percent of your overall capital to cryptocurrency. Even that number could be high — again, it’s all about moderation.
Make sure to prioritize cybersecurity as well. Cryptocurrencies are an immensely popular target for cybercriminals. In addition to maintaining a cold wallet, make sure you practice proper security hygiene. That means using a VPN and a password manager while also exercising mindfulness in how you browse the web and what you download.
Finally, make an effort to understand what cryptocurrencies are and how they work. One of the reasons Sam Bankman-Fried was able to run FTX as long as he did was because many of his investors didn’t fully understand what they were putting their money into. Don’t let yourself be fooled by buzzwords or lofty promises about Web3 and the metaverse.
Do your research into the technology behind it all. That way, you’ll be far better equipped to recognize when something is a sound investment versus a bottomless money pit.
Given Bitcoin’s volatility, it’s understandable that you might be leery of making a direct investment. The good news is that you don’t have to. You can indirectly invest into the crypto space through mutual funds, stocks and ETFs.
ETFs are a popular and flexible portfolio choice that allows investors to benefit from a sector’s performance without the need to directly own individual stocks or assets. They are an especially appealing option in the cryptocurrency market as the technical aspects of purchasing and holding these coins can be confusing and intimidating for the less technologically inclined.
Bitcoin futures ETFs provide exposure to the cryptocurrency’s price moves using Bitcoin futures contracts, which stipulate that two parties will exchange a specific amount of Bitcoins for a particular price on a predetermined date.
Conversely, spot Bitcoin ETFs aim to track the price of Bitcoin, and they do so by holding the asset. Spot Bitcoin ETFs have been offered to Canadians since 2021, and there are now 13 Canadian cryptocurrency ETFs you can buy. Spot Bitcoin ETFs began trading in the US on January 11, 2024. For investors interested in blockchain technology, there are also several blockchain ETFs.
Do a bit of research and touch base with your stockbroker or financial advisor before you go in this direction.
Bitcoin is a fascinating asset. Simultaneously a transactional tool and a speculative commodity, it’s attracted the attention of investors almost since it first hit the market. Unfortunately, it’s also incredibly volatile.
For that reason, while current market conditions are favorable for anyone considering buying Bitcoin, it is an asset you should purchase only at your own risk. Because while Bitcoin may have the potential for significant returns, you may also lose most of your investment. If that knowledge doesn’t bother you, then by all means, purchase away.
Otherwise, there are better — less volatile — options for your capital.
ARK Invest CEO Cathie Wood is extremely bullish on Bitcoin, telling Bloomberg in February 2023 that her firm believes the cryptocurrency could reach a value of US$1 million by 2030. In July 2025, Wood hiked her 2030 bitcoin price prediction with a bull case high of US$3.8 million. In the 2026 Big Ideas report issued in January, she predicted a US$16 trillion market cap for Bitcoin by 2030, implying a price of about US$761,900, the Block reports.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
President Donald Trump dramatically reversed course Tuesday on a U.K. plan to transfer sovereignty of the Chagos Islands to Mauritius while warning it could jeopardize U.S. access to the Diego Garcia military base.
Trump’s reversal highlights what a defense expert called a ‘new Trump Doctrine’ before linking the president’s opposition to the Chagos deal with his Greenland push and citing fears Mauritius could later back out.
Writing on his Truth Social platform Tuesday, Trump called the U.K.’s Chagos decision ‘an act of great stupidity.’
‘Shockingly, our ‘brilliant’ NATO Ally, the United Kingdom, is currently planning to give away the Island of Diego Garcia, the site of a vital U.S. Military Base, to Mauritius, and to do so FOR NO REASON WHATSOEVER,’ Trump wrote. ‘There is no doubt that China and Russia have noticed this act of total weakness.’
‘Trump has done a 180, partly because of the U.K.’s support for Denmark’s sovereign claims over Greenland and partly because of a new strategy outlined by the White House,’ John Hemmings, director of the National Security Center at the Henry Jackson Society, told Fox News Digital.
‘These moves are linked and part of a ‘new Trump Doctrine’’ outlined in November’s National Security Strategy,’ he explained.
‘Diego Garcia is a potential threat to Beijing’s strategy to control vital shipping lanes between the oil-rich Middle East and China’s industrial heartland,’ he added, describing how ‘nearly 23.7 million barrels of oil transit the Indian Ocean every day, with the base being vital in any U.S.-China conflict over Taiwan.’
In a separate post, Trump explicitly linked the Chagos dispute to his Greenland push.
‘The U.K. giving away extremely important land is an act of GREAT STUPIDITY, and is another in a very long line of national security reasons why Greenland has to be acquired,’ Trump wrote.
The Chagos Islands were separated from Mauritius during Britain’s decolonization process, a move the International Court of Justice ruled unlawful in 2019.
The U.K. later agreed to transfer sovereignty while leasing Diego Garcia back for at least 99 years at a cost of at least $160 million annually.
Diego Garcia is a hub for long-range bombers, logistics and power projection across the Middle East, the Indo-Pacific and Africa. Around 2,500 personnel, mostly American, are stationed there.
‘If Mauritius were to offer the islands to China after taking de jure control, it would put immense pressure on the U.S. in the eyes of international public opinion,’ Hemmings explained.
‘After all, once Mauritius has de jure sovereignty, it can renegotiate the lease terms or even renege on the treaty at any time it wants.
‘It might also provide access to the exclusive economic zone, with all of its rich fishing grounds, to Chinese fishing fleets, adding another layer of risk to U.S. Air Force operations around the island,’ Hemmings said.
‘At this moment, the U.S. base at Diego Garcia is thought to be secure, with Mauritius promising the U.K. (and by proxy, the U.S.) a 99-year lease, which will not, it is supposed, interfere with the operations of the air base at all. But the devil is in the details.’
Fox News Digital has reached out to the White House for comment.
After President Donald Trump announced a new Greenland ‘framework’ had been agreed upon with North Atlantic Treaty Organization (NATO) Secretary General Mark Rhutte, the NATO chief told Fox News’ ‘Special Report with Bret Baier’ that U.S. forcibly taking control of Greenland, away from Denmark, was not discussed during meetings between him and President Donald Trump in Switzerland during the World Economic Forum.
‘That issue did not come up anymore in my conversations with Mr. President. He’s very much focused on what we need to do to make sure that that huge Arctic region, where change is taking place at the moment, where the Chinese and Russians are more and more active, how we can protect that’ Rhutte said when pressed on the details of the reported ‘framework’ that has been agreed upon, and that Trump said has resulted in his decision not to impose certain tariffs scheduled to go into effect Feb. 1.
‘That was really the focus of our discussions,’ Rhutte insisted.
Trump announced the new ‘framework’ pertaining to Greenland in a post on his social media site Truth Social Wednesday afternoon while at the World Economic Forum this week.
‘Based upon a very productive meeting that I have had with the Secretary General of NATO, Mark Rutte, we have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region,’ the president wrote. ‘Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st. Additional discussions are being held concerning The Golden Dome as it pertains to Greenland. Further information will be made available as discussions progress.’
Trump noted that Vice President JD Vance, Secretary of State Marco Rubio and Special Envoy Steve Witkoff will lead ‘the negotiations’ and report directly back to him.
‘We probably won’t get anything unless I decide to use excessive strength and force where we would be, frankly, unstoppable. But I won’t do that,’ Trump said earlier in the morning at the World Economic Forum. ‘Now everyone’s saying, ‘Oh, good.’ That’s probably the biggest statement I made, because people thought I would use force. I don’t have to use force. I don’t want to use force. I won’t use force.’
During the exclusive interview with Fox News, Rhutte called Trump ‘totally right’ about needing to shore up security in the Arctic region, noting that the chance of Russia or China becoming a threat in that region is increasing every day. The NATO Secretary General also praised Trump’s leadership in getting other NATO countries to pay more money to the alliance’s defenses.
‘I would argue tonight with you on this program, he was the one who brought a whole of Europe and Canada up to this famous 5%,’ Rhutte insisted. ‘Which is crucial for us to equalize our spending, but also protect ourselves. And this is the framework which you see in his post that we will work on.’
Rhutte also noted that increased volatility between NATO-aligned countries, Russia and China underscored the need to shore up security in the Arctic region, during his interview with Fox News Wednesday evening.
Meanwhile, the NATO chief was asked whether he thought other countries were dealing with the Russians and the Chinese differently than they have in the past.
‘It’s not up to me to comment on what individual allies are doing in terms of their relationship with China,’ Rhutte responded. ‘I think collectively, as NATO, we have a position. The position is that we should not be naive. I can tell you’ll regret these huge investments the Chinese are making in the military. They are not there to organize parades in Beijing, and the military in Russia are not there to organize parades in Moscow. They are there to be used.’
Apollo Silver Corp. (‘Apollo Silver’ or the ‘Company’) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that it has closed the first tranche of its previously announced upsized non-brokered private placement (the ‘Offering’) and has issued an aggregate of 3,000,000 units (the ‘Units’) at a price of $5.00 per Unit for aggregate gross proceeds of $15,000,000.
As previously announced, Eric Sprott, one of Apollo Silver’s largest shareholders, participated in the first tranche and subscribed for 2,500,000 Units, for gross proceeds of $12,500,000. The first tranche also included participation from Apollo Silver insiders, including certain directors and officers of the Company.
Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned by him, acquired 2,500,000 Units pursuant to the first tranche of the Offering for total consideration of $12,500,000. Prior to the Offering, Mr. Sprott beneficially owned and controlled 3,688,889 Shares and 1,388,889 Warrants, representing approximately 6.5% of the outstanding Shares on a non-diluted basis and 8.7% of the outstanding Shares on a partially-diluted basis assuming exercise of such Warrants.
As a result of closing the first tranche of the Offering, Mr. Sprott now beneficially owns and controls 6,188,889 Shares and 3,888,889 Warrants, representing approximately 10.3% of the outstanding Shares on a non-diluted basis and 15.8% of the outstanding Shares on a partially-diluted basis assuming exercise of such Warrants. The securities are held for investment purposes.
Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
A copy of the early warning report with respect to the foregoing will appear on Apollo Silver’s profile on SEDAR+ at www.sedarplus.ca and may also be obtained by calling Mr. Sprott’s office at (416) 945-3294 (2176423 Ontario Ltd., 7 King Street East, Suite 1106, Toronto Ontario M5C 3C5).
The first tranche of the Offering included participation by certain insiders of the Company for an aggregate of 471,000 Units totaling gross proceeds of $2,355,000. Such participation constitutes a ‘related party transaction’ under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’). The issuance of securities to insiders is exempt from the valuation requirement pursuant to section 5.5(b) of MI 61-101, as the Company’s shares are not listed on a specified market, and from the minority shareholder approval requirement pursuant to section 5.7(a) of MI 61-101, as the fair market value of the securities issued to related parties does not exceed twenty five percent of the Company’s market capitalization.
A fund managed by Jupiter Asset Management has subscribed for Units under the Offering, which are expected to be issued in a subsequent and final tranche upon receipt of, and subject to, the completion of additional regulatory submissions and acceptance by the TSX Venture Exchange (‘TSXV’). The first tranche of the Offering remains subject to final approval of the TSXV.
‘The participation of a key shareholder and Apollo Silver insiders reflects strong alignment around the strategic value of primary silver assets in tightening silver markets,’ said Ross McElroy, President and CEO of Apollo Silver. ‘This financing further reinforces our positioning as a silver-focused company advancing large-scale assets in stable jurisdictions.’
Each Unit issued pursuant to the Offering consists of one common share (a ‘Share’) in the capital of the Company and one common Share purchase warrant (a ‘Warrant’). Each Warrant entitles the holder thereof to purchase one Share at an exercise price of $7.00 for a period of 24 months from the closing date of the Offering.
In connection with subscriptions received in the first tranche of the Offering, the Company paid aggregate finder’s fees totaling $312,500, consisting of 62,500 Units issued to Research Capital Corporation on the same terms as the Units issued under the Offering, except that the Warrants comprising such Units are non-transferable.
The securities issued under the first tranche of the Offering are subject to a four-month hold period from the date of closing. The Company intends to use the net proceeds from the Offering to continue advancing the Calico Silver Project in San Bernardino, California; support community relations initiatives at the Cinco de Mayo Silver Project in Chihuahua, Mexico; cover ongoing property maintenance costs at both projects; and for general corporate purposes. The Offering remains subject to the final acceptance of the TSXV.
The Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’), or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Apollo Silver Corp.
Apollo Silver 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 and zinc credits – recognized as critical minerals essential to the US energy and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo Silver is well positioned to advance the assets and deliver value through exploration and development.
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.
Cautionary Statement Regarding ‘Forward-Looking’ Information
This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expected timing and receipt of final approval of the first tranche of the Offering, the expected timing and receipt of final approval of the subsequent and final tranche of the Offering, and the intended use of proceeds from the Offering. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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