Americas drills 0.21 m of 24,913 g/t Ag at Galena

Executive Summary

• High‑grade upper extension of the 149 vein at the Galena complex disclosed, highlighted by a intercept of 24,913 g/t Ag and 16.9 % Cu over 0.21 m.
• Additional significant intercepts reported: 2,816 g/t Ag (2.0 % Cu, 1.05 % Sb) over 1.05 m and 2,354 g/t Ag (1.7 % Cu) over 1.58 m.
• Completed a 1‑for‑2.5 share consolidation; post‑consolidation shares begin trading on Aug 26, 2025, reducing outstanding shares from ~679 M to ~272 M.

Key Details

• Drill Hole DDH 43‑317: 24,913 g/t Ag and 16.9 % Cu over 0.21 m.
• Drill Hole DDH 43‑304: 2,816 g/t Ag, 2.0 % Cu, 1.05 % Sb over 1.05 m.
• Drill Hole DDH 43‑316: 2,354 g/t Ag and 1.7 % Cu over 1.58 m (Sb results pending).
• Near‑vertical continuity of ~120 m above current mining level demonstrated; additional infill drilling ongoing.
• Total drilling to date from the station: 4,878 m of a planned 18,100 m, testing multiple targets including the 149 vein.
• The 149 vein currently yields 600‑700 t per cut with 700‑950 g/t Ag and 0.6‑0.7 % Cu; under review for long‑hole open stoping.
• Share consolidation effective Aug 21, 2025: 1 post‑consolidation share = 2.5 pre‑consolidation shares.
• Outstanding common shares reduced to ~271.7 M; all convertible securities adjusted proportionally.
• New CUSIP: 03062D803 (ISIN CA03062D8035).
• Trading on Toronto Stock Exchange and NYSE American resumes on a post‑consolidation basis on Aug 26, 2025.

Notable Quotes

“The identification of this high‑grade copper‑silver‑antimony extension to the 149 vein is an exciting development… It positions us to potentially expand production from an already high‑performing vein.” – Paul Andre Huet, Chairman & CEO

“We are also pleased with the completion of the share consolidation, which represents a strategic move to strengthen our capital structure…” – Paul Andre Huet