Americas Gold and Silver, US Antimony form JV for Idaho facility

Core Viewpoint - Americas Gold and Silver has entered into a joint venture with United States Antimony to build an antimony processing plant in Silver Valley, Idaho, aimed at boosting domestic antimony production, which is critical for national security [1]. Group 1: Joint Venture Details - The joint venture will have Americas Gold and Silver holding a 51% stake and US Antimony holding 49% [1]. - The processing facility will be located on permitted land at Americas' Galena Complex, with Americas supplying antimony feedstock from its operations and the option to process material from other sources [2]. Group 2: Strategic Importance - The joint venture allows Americas to leverage its position as the largest antimony producer in the US, aiming to become a significant player in the downstream antimony market and capture value currently left unrealized under existing offtake terms [3]. - Once operational, the JV facility will enable Americas to be compensated for mined antimony at market terms [3]. Group 3: Profit Sharing and Governance - Americas will capture 51% of the profits from the processing side of the joint venture, enhancing shareholder exposure to downstream profits from antimony production [4]. - The governance structure includes a six-member management committee, equally divided between both companies, with US Antimony overseeing operations [4]. Group 4: Partnership Terms - The partnership includes provisions for either company to buy or sell interests after an 18-month construction period, with specific conditions for valuation [5]. - US Antimony has the right to sell its interests to Americas at either fair market value or 100% of its capital contributions, whichever is greater [6].