Americas Gold and Silver Completes Acquisition of Galena Complex

Americas Gold and Silver Completes Significant Acquisition

Americas Gold and Silver Corporation (TSX: USA) has recently achieved a pivotal milestone by concluding the acquisition of the remaining 40% interest in the Galena Complex. This significant transaction positions the Company to consolidate its holdings and harness the potential of its robust resource base.

Details of the Acquisition

As part of the agreement, shareholders of Eric Sprott's affiliates received a total of 169,999,998 common shares. Additionally, the Company has committed to paying US$10 million in cash and to delivering 18,500 ounces of silver monthly over 36 months, commencing in January 2026. This structure aims to strengthen the Company's operational capacity by ensuring a steady flow of resources.

In total, Americas has issued 294,999,998 shares to various parties involved in this transaction. This includes 125,000,000 subscription receipts, which were previously exchanged for common shares in a private placement that raised C$50 million, partially funding the cash transaction price of US$10 million. These arrangements exemplify a thoughtful approach to capital management and resource allocation.

Leadership Perspectives on the Acquisition

Paul Andre Huet, Chairman and CEO of Americas, expressed gratitude to shareholders for their support during this acquisition. He stated, "We are very excited about the transaction as it consolidates an asset with a tremendous team and resource base, allowing us to benefit in an anticipated strong silver price environment." This sentiment highlights the strategic importance of the Galena Complex in the Company’s growth plans.

Darren Blasutti, Americas’ President, also acknowledged the contributions of outgoing Chairman Alex Davidson and other departing board members, emphasizing the collaborative efforts that led to this successful acquisition. Thanking them, he noted that their leadership was crucial in reaching this significant milestone.

New Governance Structure

In light of the acquisition, there has been a reconstitution of the board of directors, now consisting of an equal mix of new and existing members. The fresh faces include Paul Huet as Chairman and CEO, Scott Hand as Lead Director, and Peter Goudie as Director. Existing directors like Gordon Pridham, Brad Kipp, and Lorie Waisberg continue to support the company's visions and initiatives.

List of Current Directors

The board is comprised of:

• Paul Huet (Chairman & CEO)
• Scott Hand (Lead Director)
• Peter Goudie (Director)
• Gordon Pridham (Director)
• Brad Kipp (Director)
• Lorie Waisberg (Director)

Market Reactions and Future Outlook

Following the announcement of the acquisition, the market's response has been positive, reflecting increased investor confidence in the Company’s strategic direction. The ownership of the Galena Complex is anticipated to enhance Americas’ operational capabilities and contribute to higher silver production output.

With the successful integration of this asset, Americas Gold and Silver Corporation is positioned well to navigate the fluctuations of the silver market. As the Company continues to explore further opportunities for growth, it is also concentrating on restructuring its existing debt obligations to improve financial stability and investor returns.

Long-Term Strategy and Sustainability

This acquisition aligns with Americas’ long-term strategy focused on sustainable growth within the precious metals sector. The Company is not only looking to enhance its production capabilities but also aiming to implement best practices in environmental stewardship and operational excellence across all its projects.

About Americas Gold and Silver Corporation

Americas Gold and Silver Corporation is a high-growth precious metals mining company with a diverse portfolio of assets in North America. The Company operates the Galena Complex and the Cosalá Operations in Mexico while also re-evaluating the Relief Canyon mine and developing the San Felipe project in Mexico. With a vision for future growth, Americas remains committed to responsible mining practices and maximizing shareholder value.

Frequently Asked Questions

What was the primary focus of the acquisition by Americas Gold and Silver?

The acquisition aimed to consolidate the Company's ownership of the Galena Complex, enhancing its resource base and operational efficiencies.

How many shares were issued as part of the transaction?

A total of 294,999,998 shares were issued to various parties involved in the acquisition.

Who are the current directors of Americas Gold and Silver Corporation?

The board includes Paul Huet, Scott Hand, Peter Goudie, Gordon Pridham, Brad Kipp, and Lorie Waisberg.

What commitments did the Company make regarding silver deliveries?

Americas committed to delivering 18,500 ounces of silver monthly for 36 months starting from January 2026.

What does this acquisition mean for the future of Americas Gold and Silver?

The acquisition positions the Company to leverage its silver production capability and prepare for a potentially favorable market environment.

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