Americas Gold and Silver Closes Previously Announced Agreements to Settle Silver and Gold Delivery Obligations

Executive Summary

• Americas Gold and Silver Corporation closed two previously announced agreements to settle outstanding precious metal delivery obligations with Sprott Mining Inc. and International Royalty Corporation (IRC).
• The company terminated its Silver Delivery Agreement with Sprott for 592,000 ounces of silver by issuing approximately 7.96 million shares at a deemed price of US$5.57 per share.
• The company settled its remaining gold delivery obligation to IRC for 8,861 ounces by delivering 5,000 ounces of gold and issuing approximately 2.65 million shares at a deemed price of US$5.86 per share.

Key Details

• Sprott Mining Inc. Agreement Termination: Closed agreement to terminate remaining obligation to deliver 592,000 ounces of silver under the existing Silver Delivery Agreement. Consideration: 7,956,696 common shares issued at a deemed price of US$5.57 per share (implied value ~US$44.32M).
• International Royalty Corporation (IRC) Agreement Settlement: Closed agreement to settle remaining obligation to deliver 8,861 ounces of gold (originally due between June 2026 and December 2027) under the Precious Metals Delivery and Purchase Agreement dated April 3, 2019. Consideration: 5,000 ounces of gold delivered + 2,652,532 common shares issued at a deemed price of US$5.86 per share (implied value ~US$15.54M).
• Total Equity Issuance: Combined issuance of 10,609,228 common shares to fully extinguish both delivery obligations.
• Transaction Structure: Both transactions were previously announced (May 22, 2026 for Sprott; May 26, 2026 for IRC) and have now been fully closed and settled.
• Use of Proceeds / Consideration: Equity and physical metal delivered were applied directly to settle existing royalty/delivery obligations, removing future metal delivery commitments from the company's balance sheet.
• Warrant Terms: None specified in this release.