M&A: Americas Gold & Silver Corp

Form Type: SCHEDULE 13D

Filing Date: 2024-12-23

Corporate Action: Acquisition

Type: New

Accession Number: 000121390024112044

Comments: 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.

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