Americas Gold and Silver

Canaccord Genuity Acted as Joint Bookrunner & Lead Left Underwriter to Americas on its US$132 Million Bought Deal Private Placement

Canaccord Genuity is pleased to announce that on December 4, 2025, its client, Americas Gold and Silver Corporation (TSX: USA) (NYSEAM: USAS) (“Americas” or the “Company”), announced the closing of its upsized “bought deal” private placement consisting of 33,062,500 common shares (the “Common Shares”) at a price of US$4.00 per Common Share (the “Offering Price”) for gross proceeds of US$132,250,000 (the “Offering”).

Canaccord Genuity acted as joint bookrunner and lead left underwriter.

The gross proceeds from the Offering will be used to fund the cash portion of the purchase price in connection with the proposed acquisition by the Company of 100% of Crescent Silver LLC (the "Acquisition") which owns 100% of the Crescent Mine located in Idaho, USA. The net proceeds of the Offering that exceed the cash portion of the purchase price of the Acquisition are intended to be used by the Company to fund capital expenditures and support working capital at the Crescent Mine following completion of the Acquisition, as well as for working capital and general corporate purposes.

Americas Gold and Silver is a rapidly growing North American mining company producing silver, copper, and antimony from high-grade operations in the United States and Mexico. In December 2024, Americas took full ownership of the Galena Complex (Idaho) in a transaction with Eric Sprott and Paul Huet-led management team, solidifying Galena as a cornerstone U.S. silver asset and the nation’s leading active antimony-producing mine. Americas also owns and operates the Cosalá Operations in Sinaloa, Mexico. With Eric Sprott now its largest shareholder (~20%), Americas is fully funded to grow Galena following a C$50M deal (Oct 2024) and US$100M term loan (June 2025). The Company has a new non-restrictive 5-year multi-metal offtake agreement with Ocean Partners for treatment of any amount of Galena’s concentrates at Teck Resources’ BC smelter. Americas aims to be a leading North American silver producer and a key source of U.S.-produced antimony.