Business
Americas Gold and Silver Closes US$132.25 Million Bought Deal Financing
Toronto, Ontario--(Newsfile Corp. - December 4, 2025) - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company...
About this update from Americas Gold And Silver Corporation
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - December 4, 2025) - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company") is pleased to report that it has closed its previously announced (see Americas' news releases dated November 13, 2025) "bought deal" private placement financing with a syndicate of underwriters led by Canaccord Genuity Corp. and BMO Capital Markets (collectively, the "Underwriters"). The Offering consisted of the issuance of 33,062,500 common shares (the "Offered Shares") at a price of US$4.00 per Offered Share for aggregate gross proceeds of US$132,250,000, including the full exercise of the Underwriters' option (the "Offering").","length":760,"tagName":"p"},{"type":"text","content":"The net proceeds of the bought deal financing are expected to be used to fund the cash portion of the purchase price in connection with the binding purchase agreement (the "Agreement") to acquire 100% of Crescent Silver, LLC ("Crescent") which owns the Crescent Mine in Idaho, USA (the "Acquisition"), and 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.","length":517,"tagName":"p"},{"type":"text","content":"Paul Andre Huet, Chairman and CEO, commented: "We are very pleased to have completed the US$132.25 million over-subscribed bought deal financing and welcome several new large shareholders to our register. We expect the Crescent Acquisition to close in the coming days and with financing now in place, we stand fully-funded for the anticipated near-term capital investments that will be required to advance Cresent into a production decision. Across both Galena and Crescent, we will continue with our aggressive exploration drilling program in support of our production ramp-up at the Galena and our production decision at Crescent. I am also very pleased to announce a positive development update at Galena where we are now able to complete a major upgrade well ahead of schedule. Just one week ago we received our new hoist motors for the Coeur shaft, a delivery we had scheduled in 2026, and are now in a position to replace and upgrade the existing hoist motor ahead of sc...