Toronto, Ontario--(Newsfile Corp. - December 12, 2025) - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company") is pleased to announce that it has closed the acquisition of Crescent Silver, LLC ("Crescent") which owns the Crescent Mine in Idaho, USA (the "Acquisition") as previously announced (see Americas news release dated November 13, 2025).The consideration under the Acquisition is made up of US$20 million in cash (the "Cash Consideration") and approximately ...

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Core Points - Americas Gold and Silver Corporation has successfully closed a bought deal private placement financing, raising US$132.25 million through the issuance of 33,062,500 common shares at US$4.00 per share [1][2][3] - The net proceeds from this financing will be utilized for the acquisition of Crescent Silver, LLC, which owns the Crescent Mine in Idaho, as well as for capital expenditures and working capital at the mine [2][3] - The company anticipates closing the acquisition soon and is fully funded for upcoming capital investments to advance Crescent towards production [3][4] Financing Details - The offering was led by Canaccord Genuity Corp. and BMO Capital Markets, and included the full exercise of the underwriters' option [1] - Eric Sprott, the largest shareholder of the company, purchased 900,000 shares as part of the offering, which is classified as a related party transaction [4] - The shares are subject to a statutory hold period of four months and one day from the closing date [5] Operational Updates - The company plans to pause production for 21 days in December to facilitate a major upgrade at the Galena mine, which is ahead of schedule [3] - A new non-restrictive 5-year multi-metal offtake agreement has been established with Ocean Partners for the treatment of Galena's concentrates [7] - The company aims to enhance production capabilities at both Galena and Crescent, with aggressive exploration drilling planned [3][7]

Core Viewpoint - Americas Gold and Silver is acquiring Crescent Silver for $65 million to enhance its operations in the Silver Valley region, leveraging synergies with its existing Galena complex [1][2]. Acquisition Details - The acquisition includes $20 million in cash and 11.1 million common shares at a deemed price of $4.00 per share, with a total market capitalization of $1.1 billion for the company [9][10]. - The deal is expected to be financed through an equity offering of 16.25 million shares, raising $65 million [9]. Production and Resource Potential - The Crescent mine has the potential to add 1.4 to 1.6 million ounces of silver production annually, based on a preliminary economic assessment from 2015 [6]. - The mine previously produced over 25 million ounces of silver at an average grade of 891 grams per tonne from 1917 to 1981, and currently hosts 3.8 million ounces of historical resources in the measured and indicated category, plus 19.1 million ounces inferred [3][6]. Strategic Synergies - The acquisition is seen as a synergistic opportunity, allowing the company to utilize spare milling capacity at its Galena and Coeur mills [2][4]. - The company aims to fast-track Crescent into its production profile, leveraging its operational team in the Silver Valley [5][7]. Exploration Potential - Only 5% of Crescent's landholding has been explored, indicating significant exploration potential, with only two veins targeted for production so far [8]. - Further exploration could enhance Galena's antimony resource alongside silver production [8]. Industry Context - Galena is one of North America's largest underground silver mines, having produced over 240 million ounces of silver, with peak production exceeding 5 million ounces annually in the early 2000s [11]. - The Silver Valley district is known for its rich deposits of silver, lead, zinc, and copper, with notable operations in the area [11][12].

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICESOR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”) is pleased to announce that as a result of strong investor demand, the Company has amended its agreement with a syndicate of underwriters led by Canaccord Genuity Corp. and BMO Capital Markets (collectively, the “Underwriters”) to increase the size of its previously announced “bo ...

Core Viewpoint - Americas Gold and Silver Corporation has successfully increased the size of its private placement offering to US$115 million due to strong investor demand, which will support its acquisition and operational needs [2][4]. Group 1: Offering Details - The offering consists of 28,750,000 common shares priced at US$4.00 each, with an option for underwriters to purchase an additional 4,312,500 shares for up to US$17.25 million [2][3]. - The anticipated closing date for the offering is around December 3, 2025, pending regulatory approvals [5]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated to fund the cash portion of an acquisition, capital expenditures, and working capital at the Crescent Mine, as well as general corporate purposes [4]. Group 3: Company Background - Americas Gold and Silver is a growing North American mining company focused on silver, copper, and antimony production from high-grade operations in the U.S. and Mexico [7]. - The company recently took full ownership of the Galena Complex, enhancing its position as a leading U.S. silver and antimony producer [7].

Summary of Americas Gold and Silver Conference Call Company Overview - **Company**: Americas Gold and Silver (NYSEAM:USAS) - **Event**: Crescent Silver Acquisition Conference Call - **Date**: November 13, 2025 Key Points Industry and Acquisition Details - The acquisition involves the **Crescent Mine**, located in **Idaho Silver Valley**, just **9 miles** from the **Galena mill** [4][8] - The mine has a **high-grade silver-copper resource** of approximately **23 million ounces**, grading **655 grams per tonne** [5][10] - The acquisition is valued at approximately **$65 million**, consisting of **$20 million in cash** and **11.1 million common shares** of Americas Gold and Silver [6] Strategic Importance - The acquisition is described as **highly strategic**, providing immediate mill feed to the Galena mill and enhancing operational synergies [4][9] - The Crescent Mine is fully permitted and can restart operations quickly, with production expected to begin as soon as **mid-2026** [5][6] Financial and Operational Synergies - The Galena complex has a milling capacity of **1,500 short tons per day**, with current utilization at just under **410 short tons per day** [12][13] - The acquisition will allow the company to utilize **spare milling capacity**, which is currently underutilized, to process ore from Crescent [12][14] - The management team is confident that the Crescent Mine can contribute significantly to the company's growth, potentially reaching **2 million ounces per year** in production [22][29] Mining Methods and Infrastructure - The Crescent Mine will employ **long-hole stoping**, a method that has been successful at Galena [18][30] - The mine has three adits (Countess, Big Creek, and Hooper) that will be connected to facilitate efficient ore movement [28][30] - The company plans to implement infrastructure improvements, including **Alimak raises**, to enhance access and production capabilities [28][29] Exploration Potential - There is significant exploration upside, with only **5% of the private land** drilled, indicating potential for resource expansion [29] - The management team is optimistic about extending the existing veins and increasing grades through further drilling [20][29] Market Context - The company is positioned in a favorable market for silver, copper, and antimony, with plans to capitalize on these commodities [36] - The management emphasizes the importance of the acquisition in the context of the current strong silver market [36] Closing Remarks - The management expresses excitement about the future growth trajectory of Americas Gold and Silver following the acquisition [36] - The call concludes with gratitude towards shareholders and stakeholders for their support [36][37]

Core Points - Americas Gold and Silver Corporation has entered into a binding purchase agreement to acquire 100% of Crescent Silver, LLC for approximately US$65 million [2][22] - The acquisition includes US$20 million in cash and approximately 11.1 million common shares valued at US$45 million based on a deemed price of US$4.00 per share [3][22] - The acquisition is expected to close on or about December 3, 2025, subject to regulatory approvals [23][26] Transaction Highlights - The Crescent Mine is strategically located in Idaho's Silver Valley, near the Galena Complex, and is expected to enhance Americas' production capabilities [5][8] - The mine has a historical mineral resource estimate of 3.8 million ounces in the Measured and Indicated category and 19.1 million ounces in the Inferred category [5][13] - The mine has the potential to add 1.4-1.6 million ounces of silver production annually based on a 2015 Preliminary Economic Assessment [5][20] Financing Details - To fund the cash portion of the acquisition, the company has arranged a concurrent equity financing for gross proceeds of US$65 million through a "bought deal" private placement [4][24] - The financing has attracted interest from key institutional investors, including Eric Sprott, the company's largest shareholder [25][26] Operational Synergies - The acquisition is expected to create immediate synergies due to the proximity of the Crescent Mine to the Galena Complex, allowing for efficient processing of high-grade mineralized material [5][8] - The Crescent Mine is fully permitted and has existing infrastructure, which will facilitate a smooth transition into production [9][10] Exploration Potential - Less than 5% of Crescent's landholding has been explored, indicating significant exploration potential [6][11] - The company plans to initiate a US$3.5 million drill program in 2026 to test multiple targets, aiming for long-term success [11][12]

AMERICAS GOLD AND SILVER CORPORATION Condensed Interim Consolidated Financial Statements For the three and nine months ended September 30, 2025 and 2024 (In thousands of U.S. dollars, unless otherwise stated, unaudited) Notice of No Auditor Review of Condensed Interim Consolidated Financial Statements Under National Instrument 51-102, Part 4, subsection 4.3(3) (a), if an auditor has not performed a review of the interim financial statements; they must be accompanied by a notice indicating that the financial ...

Summary of Americas Gold and Silver Conference Call Company Overview - **Company**: Americas Gold and Silver (NYSEAM:USAS) - **Primary Asset**: Galena Complex in Idaho, USA - **Other Assets**: Cosalá Mine in Mexico, Relief Canyon, and San Felipe exploration asset Key Points and Arguments 1. **Management Team**: The company emphasizes the importance of a skilled management team with a strong track record in mining operations and turnaround strategies [2][3][4] 2. **Turnaround Expertise**: Americas Gold and Silver is recognized as a turnaround expert, having successfully revitalized struggling mining assets in the past [2][4] 3. **Historical Success**: Previous successes include Klondex Mines sold for $700 million and RNC Minerals sold for $1.3 billion, showcasing the team's ability to enhance asset value [3][4] 4. **Galena Complex**: The Galena Complex has a rich mining history and is positioned in a premier silver mining area, with a production goal of returning to 5 million ounces of silver per year [8][9][10] 5. **Infrastructure Value**: The existing infrastructure at Galena is valued at over $2 billion, which provides a significant advantage for future operations [10] 6. **Production Capacity**: The company plans to increase the hoisting capacity from 350 tons per day to 900 tons per day, which will enhance mill feed and overall production [11][12] 7. **Mining Method Changes**: Transitioning from underhand cut and fill to long-hole stoping is expected to improve efficiency and production rates [12][13] 8. **Resource Endowment**: Galena has over 170 million ounces of silver, with plans to compress mine life by increasing production beyond 5 million ounces per year [14][15] 9. **High-Grade Mining**: The current head grades are around 480 grams per tonne silver, with aspirations to return to historical grades of 700 grams per tonne [15][17] 10. **Byproduct Revenue**: The renegotiated offtake agreement with Teck Resources allows the company to receive payments for byproducts, including antimony, which has significant revenue potential [19][20] 11. **Antimony Production**: Galena is the only large-scale producing antimony mine in the U.S., with plans to capitalize on this byproduct through new processing facilities [19][21] 12. **Cosalá Mine**: The Cosalá operation is producing 1.5-2 million ounces of silver annually and is set for exploration drilling to enhance production [21][22] 13. **Shareholder Alignment**: Management and directors have a strong alignment with shareholders, having increased their ownership from 7% to 63% since the deal announcement [22][23] Additional Important Information - **Market Position**: The company is positioned as the third highest-grade silver mine globally, with 87% of revenue exposure to silver [22] - **Analyst Coverage**: The company has gained interest from four new analysts, indicating growing market confidence [23] This summary encapsulates the key insights and strategic direction of Americas Gold and Silver as discussed in the conference call.