Americas Gold & Silver Settles Sprott Silver and Royal Gold Delivery Obligations

Americas Gold & Silver Corporation has closed 2 previously announced agreements to settle outstanding silver and gold delivery obligations. The Company terminated its remaining obligation to deliver 592,000 ounces of silver to Sprott Mining Inc. in exchange for 7,956,696 shares issued at a deemed price of $5.57 per share. It settled its remaining obligation to deliver 8,861 ounces of gold to International Royalty Corporation, an affiliate of Royal Gold, Inc., in exchange for delivering 5,000 ounces of gold and issuing 2,652,532 common shares at a deemed price of $5.86 per share.

Company Overview

Americas Gold & Silver Corporation (TSX: USA | NYSE American: USAS) is a growing North American precious metals and antimony producer with operations in the United States and Mexico. The Company owns 100% of the Galena Complex in Idaho, the largest antimony mine in the United States, and the Crescent Silver Mine, which holds the world's 3rd-highest-grade silver resource. The Company also owns and operates the Cosalá Operations in Sinaloa, Mexico, and formed a 51/49 joint venture with US Antimony in February 2026 to build a new antimony processing hub at Galena.

Silver Delivery Agreement Settlement

Americas Gold & Silver has closed the previously announced agreement with Sprott Mining Inc. to terminate its remaining obligation to deliver 592,000 ounces of silver under the existing Silver Delivery Agreement. In exchange, the company issued 7,956,696 shares at a deemed price of $5.57 per share.

Gold Delivery Agreement Settlement

The company has also closed the previously announced agreement with International Royalty Corporation, an affiliate of Royal Gold, Inc., to settle its remaining obligation to deliver a total of 8,861 ounces of gold between June 2026 and December 2027 under the Precious Metals Delivery and Purchase Agreement dated April 3, 2019, as amended. The obligation has been settled in exchange for the delivery of 5,000 ounces of gold and the issuance of 2,652,532 common shares at a deemed price of $5.86 per share.

Next Steps

Both agreements have now closed, with the silver delivery obligation to Sprott Mining Inc. fully terminated and the gold delivery obligation to International Royalty Corporation fully settled. No further obligations remain under either the Silver Delivery Agreement or the Precious Metals Delivery and Purchase Agreement in connection with these transactions.