The Silver Institute

The Right Time for Calico’s Preliminary Economic Assessment

In my last post, I outlined how Apollo’s Calico project—one of the largest undeveloped primary silver assets in the United States—sits at the intersection of US economic and defense policy. The November 2025 reclassification of silver as a critical mineral, coupled with Proclamation 232 streamlining permitting for domestic producers, has shifted the macro backdrop for...