Summary of Americas Gold and Silver Corporation Presentation Company Overview - **Company Name**: Americas Gold and Silver Corporation - **Ticker Symbols**: USAS (NYSE), USA (TSX) - **Primary Focus**: Silver production in the U.S. with byproducts including antimony, copper, lead, and gold [2][3][34] Key Points and Arguments Management and Turnaround Strategy - **New Management Team**: Led by Paul Andre Huet, with significant experience in successful turnarounds at Karora Resources and Klondex Mines [4][5][6] - **Capital Injection**: Raised $50 million in equity and $100 million in debt to revitalize operations [3][12] - **Ownership Structure**: Eric Sprott became a 20% owner, enhancing the company's credibility and financial backing [3][12] Operational Focus - **Galena Mine**: The primary asset located in Idaho, aiming to return to historical production levels of over 5 million ounces of silver per year [17][18] - **Production Challenges**: Historical production averaged 1.5 million ounces due to operational bottlenecks and low silver prices [18][21] - **Infrastructure**: The Galena mine has extensive existing infrastructure, including four shafts and two mills with a combined capacity of 1,200 tons per day [19][20] Mining Method Improvements - **Debottlenecking Efforts**: Plans to triple the capacity of the No. 3 shaft and introduce long-hole stoping to increase ore extraction efficiency [22][25][30] - **High-Grade Resources**: Current mining grades are around 400 to 450 grams per ton silver, with potential to access even higher grades [31][33] Byproducts and Additional Revenue Streams - **Antimony Production**: The only producing antimony mine in the U.S., with a new offtake agreement ensuring payment for previously unaccounted metals [34][35][37] - **Copper and Lead**: Additional byproducts that contribute to revenue without requiring significant capital investment [34][36] Other Operations - **Cosalá Operations**: A silver mine in Mexico expected to produce about 2 million ounces of silver per year, with significant exploration potential [38][39] Market Position and Growth Potential - **Market Capitalization**: Recently reached $750 million, indicating strong investor interest and growth potential [40] - **Institutional Ownership**: Increased from 7% to 63% in nine months, reflecting growing confidence in the company's strategy [43] - **Silver Exposure**: Second highest exposure to silver among silver-producing companies, positioning the company well for future price increases [41][42] Conclusion - **Investment Proposition**: Americas Gold and Silver Corporation presents a compelling growth story focused on silver production in the U.S., backed by a seasoned management team and a solid operational strategy [43]

Market Overview - U.S. stock futures are lower, with Dow futures dropping over 100 points [1] Company-Specific Movements - Energy Fuels Inc (NYSE:UUUU) shares fell 6.4% to $15.47 after announcing a proposed $550 million private offering of convertible senior notes due 2031 [1] - Epsium Enterprise Limited (NASDAQ:EPSM) declined 24.3% to $18.60 after a 30% drop on Monday [3] - JFB Construction Holdings (NASDAQ:JFB) fell 12.9% to $11.06 after an 85% surge on Monday following a $44 million private placement announcement [3] - bioAffinity Technologies Inc (NASDAQ:BIAF) decreased 11.1% to $2.89 after pricing a $4.8 million public offering [3] - Firefly Aerospace Inc (NASDAQ:FLY) dropped 9.7% to $33.36 after reporting the destruction of its Alpha rocket's core stage during testing [3] - USBC, Inc. (NYSE:USBC) declined 6.7% to $1.26 after a 16% increase on Monday [3] - Tilray Brands, Inc. (NASDAQ:TLRY) fell 5.4% to $1.75 after a significant 60% rise on Monday due to a video shared by President Donald Trump discussing potential medical benefits of CBD for seniors [3] - First Majestic Silver Corp. (NYSE:AG) decreased 4.8% to $11.80 [3] - LuxExperience B.V. (NYSE:LUXE) fell 4.5% to $8.07 [3]

Group 1: Silver Market Performance - Silver reached a new 14-year peak as the U.S. dollar weakened amid rising risks of a government shutdown, with iShares Silver Trust (SLV) gaining about 15.7% over the past month, outperforming SPDR Gold Trust (GLD) which advanced about 9% [1] Group 2: Industrial Demand and Applications - Approximately half of silver's total demand comes from industrial applications, with a 4% increase in industrial demand reported in 2024, particularly driven by green energy initiatives [2] - Silver is crucial in solar power and electric vehicle applications, with China's solar cell exports increasing over 70% in the first half of the year, primarily due to strong shipments to India [3] - The automotive industry's increasing vehicle sophistication and gradual electrification of powertrains are expected to drive higher silver demand [3] - The global rollout of 5G technology is another positive factor for silver, as electronic components for 5G heavily rely on silver [4] Group 3: Economic Factors Influencing Silver Prices - The Federal Reserve's first rate cut of 2025 occurred in September, with an 89.3% chance of a further 25-basis point cut in October and 68.2% expecting another cut in December, influenced by a softer labor market [5] - Continued policy easing by the Fed could weaken the U.S. dollar, which typically boosts silver prices, as evidenced by the Invesco DB US Dollar Index Bullish Fund (UUP) declining 7% this year [6] Group 4: Safe-Haven Demand - Silver's appeal as a safe-haven asset has increased amid moderate trade tensions and the potential for a U.S. government shutdown, with rising uncertainty boosting its demand [7][8] Group 5: ETFs and Investment Vehicles - In addition to iShares Silver Trust (SLV), other ETFs such as Global X Silver Miners ETF (SIL), Amplify Junior Silver Miners ETF (SILJ), and abrdn Physical Silver Shares ETF (SIVR) are also performing well, hovering around 52-week highs [9]

Company Overview - Silver One Resources Inc. is focused on the exploration and development of quality silver projects, owning a 100% interest in its flagship project, the past-producing Candelaria Mine located in Nevada [2] - The company also holds a 100% interest in the Cherokee project in Lincoln County, Nevada, which features multiple silver-copper-gold vein systems traced for over 11 km [3] - Additionally, Silver One owns the Silver Phoenix Project, a high-grade native silver prospect recently permitted for drilling, located within the "Arizona Silver Belt" [3] Recent Developments - The company has granted 5,150,000 stock options to its directors, officers, and consultants, with each option exercisable at $0.45 per share for a period of five years, subject to vesting requirements [1]

Group 1 - First Majestic Silver Corp. (NYSE:AG) experienced a significant increase of 14.3 percent week-on-week, driven by investor interest in mining companies following favorable US inflation data [1][3] - The personal consumption expenditures index rose by 0.3 percent in August, leading to an annual headline inflation rate of 2.7 percent, slightly up from 2.6 percent in July, but within economists' expectations [2] - The positive inflation figures have bolstered expectations that the US central bank may continue to lower interest rates, which is beneficial for precious metals like silver and gold [3] Group 2 - The decline in interest rates is expected to weaken the US dollar, making precious metals more affordable for foreign investors, thus enhancing the attractiveness of First Majestic Silver Corp. [3] - First Majestic Silver Corp. reached its highest 52-week price of $12.67 during the week, although there was some profit-taking towards the end [3]

Group 1 - Silver X Mining Corp. announced the closing of a "bought deal" private placement for gross proceeds of C$16,000,000 [1] - The offering included the full exercise of the Underwriters' over-allotment option [1] - A total of 32,000,000 units were sold at a price of C$0.50 per unit [1]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [1][2] - The news team covers key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

Core Points - Silver Storm Mining Ltd. has granted stock options to directors, officers, employees, and consultants, allowing the purchase of a total of 37,000,000 common shares at a price of $0.25 per share [1] - The stock options are part of the company's 2020 Amended and Restated Incentive Stock Option Plan and are valid for a period of five years from the date of grant [1]

Core Insights - Argenta Silver reported promising assay results from its El Quevar Project, indicating the continuity of the Yaxtché Deposit and the discovery of a new target named Atenea [4][5][7] Company Overview - Argenta Silver, a relatively new company established 10 months ago, has a market capitalization of CAD $240 million and has seen its share price increase by 460% since trading began [2][3] - The company was acquired for USD 3.5 million in October 2024, following the previous operator's asset sales due to liquidity issues [2] Recent Developments - The latest assay results from September 23, 2025, show significant silver grades, including 545 g/t over 43.20 meters in drill hole QVD-414, and 314 g/t over 2.00 meters in the new Atenea target [5][7] - The ongoing drilling program aims to expand the known resource and explore new areas, with 40% of capital allocated for resource expansion and 60% for aggressive exploration [9] Market Context - The silver market has been in a deficit for four consecutive years, with an annual shortfall of approximately 240 million ounces, contributing to rising silver prices [11][12] - Global silver inventories are at multi-year lows, creating a supply-demand imbalance that supports higher silver prices [12] Resource Estimates - The foundational Mineral Resource Estimate of the Yaxtché deposit includes an indicated resource of 45.3 million ounces of silver at a grade of 482 g/t and an inferred resource of 4.1 million ounces at 417 g/t [14]

Market Overview - Gold, silver, and Bitcoin have shown strong year-to-date (YTD) returns of 42%, 52%, and 17% respectively, as the U.S. dollar weakens significantly [1] - Investors are increasingly seeking these alternatives as a stable store of value and protection against inflation [1] Investment Options - Investors have various choices in the gold, silver, and Bitcoin sectors, including physical holdings, digital tokens, and dedicated exchange-traded funds (ETFs) [2] - ETFs can simplify storage and security concerns for investors interested in these assets [2] Gold Exploration ETF: GOEX - The Global X Gold Explorers ETF (GOEX) tracks an index of gold exploration firms, with over half of its portfolio in Canadian companies [3] - GOEX has a dividend yield of 1.08% and an expense ratio of 0.65%, with assets under management totaling $101.13 million [4] - The ETF has shown impressive returns, nearly 90% YTD, despite not being a pure-play gold fund [5] Silver Mining ETF: AGMI - The Themes Silver Miners ETF (AGMI) focuses on silver mining companies and has a low expense ratio of 0.35% [6][7] - AGMI has returned nearly 105% YTD, although it has limited liquidity and a concentrated portfolio [8] Bitcoin Mining ETF: WGMI - The CoinShares Bitcoin Miners ETF (WGMI) is actively managed and focuses on companies generating significant revenue from Bitcoin mining [10] - WGMI has a higher expense ratio of 0.75% and has returned 103% YTD, with a concentrated portfolio of just 23 positions [12]