Americas Gold increases financing to $115M (U.S.)

Executive Summary

• Americas Gold and Silver Corp. has upsize its previously announced "bought deal" private placement to aggregate gross proceeds of $115 million (U.S.) due to strong investor demand.
• The offering consists of 28.75 million common shares at a price of $4.00 (U.S.) per share, with an additional option for underwriters to purchase up to 4,312,500 more shares for up to $17.25 million (U.S.) in additional proceeds.
• Net proceeds will be used to finance the cash portion of an acquisition, fund capital expenditures and working capital at the Crescent mine post-acquisition, and support general corporate purposes.

Key Details

• Transaction Size: Aggregate gross proceeds of $115 million (U.S.).
• Share Price: $4.00 (U.S.) per common share.
• Base Offering: 28.75 million common shares.
• Over-Allotment Option: Underwriters have an option to purchase up to 4,312,500 additional common shares at $4.00 (U.S.) per share, providing up to $17.25 million (U.S.) in additional gross proceeds.
• Underwriters: Syndicate led by Canaccord Genuity Corp. and BMO Capital Markets.
• Use of Proceeds:
  • Finance the cash portion of the purchase price in connection with an acquisition.
  • Finance capital expenditures and support working capital at the Crescent mine following completion of the acquisition.
  • Working capital and general corporate purposes.
• Closing Date: Anticipated on or about December 3, 2025.
• Regulatory Conditions: Subject to satisfaction of conditions, including receipt of all applicable regulatory approvals and conditional approval of the Toronto Stock Exchange.
• Hold Period: Securities subject to a hold period of four months and one day from the applicable closing date in accordance with Canadian securities laws.
• Jurisdiction: Private placement pursuant to exemptions from prospectus requirements in Canadian provinces and other mutually agreed jurisdictions.

Notable Quotes

• No direct quotes from management were included in the provided text.