M&A - Americas Gold & Silver Corp

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Form Type: 40-F

Filing Date: 2025-03-31

Corporate Action: Acquisition

Type: Update

Accession Number: 000147793225002262

Filing Summary: Americas Gold & Silver Corporation has filed its annual report pursuant to Section 13 of the Securities Exchange Act of 1934 for the fiscal year ending December 31, 2024. The report includes details of the company's operations, particularly in the silver mining sector. The company is positioned as a silver-focused producer and is actively working on its acquisition of the remaining 40% interest in the Galena Complex, which is expected to enhance production and shareholder value. The report discusses forward-looking statements regarding production rates and potential benefits from operational efficiencies at the newly acquired assets. Significant economic conditions, risks related to geological interpretations, and operational challenges are highlighted, emphasizing the company's commitment to structured growth amidst market volatility. As of December 31, 2024, 594,450,243 common shares were issued and outstanding. The company indicates that it may require additional financing to support its operations and further growth strategies and is also characterized as an emerging growth company under the Exchange Act.

Additional details:

Acquisition Agreement: Acquisition of the remaining 40% interest in the Galena Complex


Common Shares Outstanding: 594450243


Fiscal Year End: 2024


Company Positioning: Silver-focused producer


Form Type: SCHEDULE 13D

Filing Date: 2024-12-23

Corporate Action: Acquisition

Type: New

Accession Number: 000121390024112044

Filing Summary: On December 19, 2024, Americas Gold & Silver Corp completed an acquisition related to common shares of Sprott Mining Idaho Management Inc. and Sprott Mining Idaho Holdings Inc. This acquisition was conducted through a Purchase Agreement dated October 9, 2024, and involved the acquisition of all common shares held by SMI, along with the issuance of 117,270,000 common shares as part of the transaction. Additionally, an aggregate of 52,729,998 common shares were issued to Sprott Preferred Sellers in consideration for acquiring the preferred shares of SMIH. As a result of this transaction, Reporting Persons, including Eric Sprott, beneficially owned 120,259,849 common shares, which constitutes approximately 20.3% of the issuer's total outstanding shares. The Reporting Persons plan to continuously evaluate their investment and may consider further actions regarding their holdings in the future, although they currently have no set plans for additional acquisitions or dispositions outside the recent transaction.

Additional details:

Reporting Persons: Eric Sprott, 2176423 Ontario Ltd., Sprott Mining Inc.


Acquired Shares: 117,441,759 Common Shares


Source Of Funds: Common shares of SMIM and SMIH and Preferred Shares of SMIH beneficially owned


Common Shares Outstanding: 593,433,993 Common Shares


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