Americas Gold and Silver Corporation (USA)

CEO WARNS: Silver demand is EXPLODING and the world CANNOT keep up



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The Metal You've Never Heard Of Is Becoming a National-Security Priority -- and America Barely Mines ItJune 12, 2026 10:20 AM
PR Newswire (Canada) Issued on behalf of NevGold Corp.Antimony goes into ammunition, flame retardants, and next-generation batteries — and the United States produces almost none of it. A wave of capital is now chasing the few companies that could change that.ELKO COUNTY, Nev., June 12, 2026 /CNW/ -- American News Group News Commentary — Gold gets the headlines. Antimony gets the strategic memos. While investors spent the past two years watching bullion set records, a far more obscure metal quietly became one of the most geopolitically charged materials on the periodic table. Antimony is essential to military ordnance, flame retardants, semiconductors, and a new generation of grid-scale batteries — and the United States, by most accounts, mines effectively none of it domestically while leaning on imports from countries that have shown a willingness to use that dependence as leverage. That combination, scarcity plus strategic necessity, has turned a once-overlooked byproduct metal into a national priority, and it is reshaping how investors look at a small group of North American developers. Among the companies stepping into that gap is NevGold Corp. (TSXV: NAU) (OTCQX: NAUFF) (Frankfurt: 5E50), a Vancouver-based exploration and development company whose flagship Limousine Butte project in eastern Nevada has, over the past year, transformed from a gold story into a gold-and-antimony story — and, increasingly, into a bet on whether America can rebuild a domestic supply chain for a metal it has almost entirely outsourced. The trajectory of NevGold's field, and of the company's own positioning within it, is a window into one of the most under-appreciated corners of the critical-minerals boom.Why Antimony Suddenly MattersFor decades, antimony was treated as an industrial afterthought — a metal used to harden lead, retard flames, and clarify glass, sourced cheaply from abroad and rarely discussed. That complacency ended abruptly when the metal's supply chain collided with geopolitics. China dominates global antimony production and processing, and when export controls tightened, Western governments were confronted with an uncomfortable reality: a material critical to defense and energy applications was overwhelmingly controlled by a single strategic rival. The United States formally classifies antimony as a critical mineral, and its applications read like a list of national-security priorities — ammunition and military hardware, night-vision and infrared, flame retardants, and emerging long-duration energy storage.The result has been a scramble to rebuild domestic and allied supply. The clearest signal came in May 2026, when Perpetua Resources secured an approximately US$2.9 billion senior secured loan from the Export-Import Bank of the United States under the "Make More in America" initiative to advance its Stibnite gold-antimony project in Idaho — a project widely described as the only large-scale domestic antimony resource. When the U.S. government commits billions to a single antimony project, it is making a statement about how seriously it now treats the supply gap. And it casts a spotlight on every other company with a credible domestic antimony story, because one project alone cannot close the gap.NevGold's Place in the PictureNevGold's flagship Limousine Butte, or "Limo Butte," sits in White Pine County in eastern Nevada — a brownfield site that hosted a previously mined open-pit, heap-leach gold operation in the late 1980s. That history is central to the company's pitch. Because the site was mined before, it comes with existing disturbance and infrastructure, and crucially, with historical gold leach pads whose material was never processed for antimony. NevGold believes that at-surface, already-mined material could offer an unusually fast path to antimony output, and the company has publicly targeted potential near-term U.S. antimony production within roughly 12 to 18 months, ahead of the multi-year timelines that typically govern new mines.The technical results have supported the thesis. NevGold has reported high-grade, near-surface oxide antimony-gold intercepts — including a headline interval of 1.93 grams per tonne gold-equivalent over 100.6 metres from surface at its Resurrection Ridge area, and a separate hole grading 4.91 g/t gold-equivalent over 27.4 metres — and metallurgical testwork indicating that antimony and gold can be sequentially recovered from the same feed stream, with gold recoveries above 93% after antimony leaching. CEO Brandon Bonifacio has framed Limo Butte as one of the highest-grade antimony projects in North America that is both near-surface and oxide, attributes that tend to simplify processing. The company is advancing toward a maiden antimony-gold mineral resource estimate expected in mid-2026 — a milestone that would, for the first time, put defined numbers around the opportunity.*Gold equivalents ("AuEq") referenced herein are as disclosed in the Company's news release and are based on assumed metals prices of US$3,000/oz of gold and US$40,000 per tonne of antimony, and assumed metals recoveries of 80% for gold and 75% for antimony.Behind that work sits a strengthened balance sheet. In the spring of 2026, NevGold upsized a brokered private placement to C$42 million, providing capital to fund a 20,000-metre drill program focused on resource conversion, expansion of its 2025 Bullet Zone and Armory Fault discoveries, and new targets across a consolidated land package. For a junior explorer, a well-funded treasury paired with a clear catalyst calendar is exactly what allows a strategic thesis to be tested rather than merely talked about.The Field NevGold Is Competing InNevGold is one of a cohort of companies racing to build Western-aligned supply for critical and precious metals, and looking at how a few peers are positioned helps frame both the opportunity and the scale of the challenge.Perpetua Resources Corp. (NASDAQ: PPTA) (TSX: PPTA) is the defining reference point for the domestic-antimony thesis. Its Stibnite project in Idaho — a dual gold-and-antimony asset — secured an approximately US$2.9 billion EXIM loan in 2026 and is positioned as the flagship of America's antimony-reshoring effort. Perpetua operates at a scale and stage well beyond NevGold, but it validates the entire category: it demonstrates that the U.S. government is prepared to back domestic antimony with serious capital, which is precisely the tailwind a near-term developer like NevGold is trying to ride.United States Antimony Corporation (NYSE American: UAMY) is one of the few public companies with a long operating history specifically in antimony processing, running smelting and processing operations in North America. As an established, antimony-focused name, it illustrates the downstream side of the supply chain — the processing and refining capacity that any domestic antimony revival will ultimately need — and underscores that the bottleneck is not only mining but the ability to turn ore into usable product on home soil.Americas Gold and Silver Corporation (NYSE American: USAS) (TSX: USA) represents the producing end of the domestic-antimony story. A growing North American silver, copper, and antimony producer, its flagship Galena Complex in Idaho is described as the largest active antimony-producing mine in the United States, and in 2026 the company formed a joint venture with United States Antimony to build a domestic antimony processing hub — a "mine-to-finished product" solution — while reporting a breakthrough in high-purity antimony extraction from its concentrate. As an established producer already generating U.S. antimony units, Americas Gold and Silver illustrates the production-stage end of the spectrum that an earlier-stage developer like NevGold is working toward.Almonty Industries Inc. (NASDAQ: ALM) (TSX: AII) rounds out the group as the tungsten-focused analogue — another China-dominated critical metal with heavy defense exposure. Almonty's move from development into production at its flagship mine, and the strong investor response to Western critical-metal supply stories, offers a template for how a single-commodity, supply-security narrative can re-rate as it crosses from exploration toward output. These companies are referenced to illustrate the sector and do not imply any partnership, endorsement, affiliation, or comparable financial performance; they span different metals, stages, and sizes, and NevGold sits among the earlier-stage, pre-resource names.Gold as the Anchor, Antimony as the CatalystIt would be a mistake to read NevGold purely as an antimony story. The company's projects are anchored in gold — a metal enjoying its own historic run — and the oxide, heap-leachable nature of much of Limo Butte's mineralization is what makes the economics potentially attractive in the first place. The elegance of the thesis is that antimony does not replace the gold case; it layers a strategic, policy-supported second metal on top of it. In an environment where investors prize both precious-metal exposure and critical-mineral leverage, a project that credibly offers both occupies unusually attractive ground.That said, the usual cautions for a junior developer apply in full. NevGold is an exploration and development company; it does not yet have a defined antimony-gold resource, its near-term production ambitions depend on successful metallurgy, engineering, and permitting, and exploration outcomes are inherently uncertain. Drill results, however encouraging, are not reserves, and timelines can slip. The forward-looking nature of the company's production targets means investors should weigh the strategic appeal against meaningful execution risk.A Sector at an Inflection PointStep back, and the larger trajectory is hard to miss. A metal that almost no one discussed five years ago is now the subject of billion-dollar government loans, export-control headlines, and a scramble for domestic supply. The question facing the sector is no longer whether antimony matters — policymakers have answered that — but which companies can actually deliver domestic ounces and tonnes, and how quickly. NevGold has placed itself in that conversation with a near-surface, oxide, brownfield project, a funded drill program, and a maiden resource estimate on the horizon. Whether it converts that positioning into production remains to be proven, but the current carrying the sector is unmistakable: the United States has decided it needs to make more of this overlooked metal at home, and the developers positioned to help are stepping into one of the more compelling supply-security stories in the market.CONTINUED … Learn more about NevGold Corp. at: https://usanewsgroup.com/nau-landing/SEE WHAT THE MARKET IS TALKING ABOUT BEFORE IT MOVESEagle Eye reads social, forum, and news chatter across thousands of investor conversations in real time — and surfaces the tickers the crowd is piling into, along with the sentiment and catalysts behind them.Explore Eagle Eye free (for now) at https://Eagle-Eye.devCONTACT:
American News Group
info@americannewsgroup.com SOURCES:[1] NevGold Corp. — "NevGold Congratulates Perpetua Resources On US$2.9 Billion Loan…; NevGold Rapidly Advancing its At-Surface Oxide, Antimony-Gold Limo Butte Project" (GlobeNewswire, May 22, 2026; near-term production target, antimony supply-chain context, CEO Bonifacio):https://www.globenewswire.com/news-release/2026/05/22/3300290/0/en/NevGold-Congratulates-Perpetua-Resources-On-US-2-9-Billion-Loan-for-the-Gold-Antimony-Stibnite-Project-in-Idaho-NevGold-Rapidly-Advancing-its-At-Surface-Oxide-Antimony-Gold-Limo-Bu.html[2] NevGold Corp. / TipRanks — "NevGold Advances Limousine Butte Toward Maiden Antimony-Gold Resource and Near-Term Output" (April 9, 2026; Resurrection Ridge intercept, MRE timing, critical-mineral framing):https://www.tipranks.com/news/company-announcements/nevgold-advances-limousine-butte-toward-maiden-antimony-gold-resource-and-near-term-output[3] NevGold Corp. — "NevGold Commences 20,000 Meter Drill Program at Antimony-Gold Limo Butte Project" (GlobeNewswire, May 21, 2026; drill program, Bullet Zone / Armory Fault):https://www.globenewswire.com/news-release/2026/05/21/3299234/0/en/NevGold-Commences-20-000-Meter-Drill-Program-at-Antimony-Gold-Limo-Butte-Project-Nevada-Streamlined-Focus-on-Resource-Building-Expansion-and-New-Discoveries.html[4] GlobeNewswire — "A Nevada Antimony-Gold Project, A Maiden Mineral Resource Estimate Coming, And C$42M In The Treasury" (May 13, 2026; C$42M financing, metallurgy, company profile):https://www.globenewswire.com/news-release/2026/05/13/3294281/0/en/A-Nevada-Antimony-Gold-Project-A-Maiden-Mineral-Resource-Estimate-Coming-And-C-42M-In-The-Treasury.html[5] Resource World — "Nevgold eyes gold-antimony resource estimate in Nevada" (March 2026; LB25-024 intercept, brownfield/oxide profile, peer context):https://resourceworld.com/nevgold-eyes-gold-antimony-resource-estimate-in-nevada/DISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a digital media distribution and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances.American News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed by American News Group on behalf of MIQ. MIQ has been paid a fee for NevGold Corp. advertising and digital media from Creative Direct Marketing Group ("CDMG"). This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article or email as the basis for any investment decision. MIQ does not own shares of NevGold Corp. but reserves the right to buy and sell shares of NevGold Corp. at any time without any further notice. There may be 3rd parties who may have shares of NevGold Corp., and may liquidate their shares which could have a negative effect on the price of the stock. We also expect further compensation as an ongoing digital media effort to increase visibility for the company; no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been reviewed and approved on behalf of NevGold Corp. by CDMG; this is a digital media distribution.While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our publication is not trustworthy unless verified by their own independent research. Comparisons to other companies referenced in this publication are for contextual and illustrative purposes only and do not imply any partnership, endorsement, affiliation, or comparable financial performance. Forward-looking statements regarding exploration, development, clinical, regulatory, production, and market outcomes are subject to risks and uncertainties, and actual results may differ materially. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. View original content to download multimedia:https://www.prnewswire.com/news-releases/the-metal-youve-never-heard-of-is-becoming-a-national-security-priority--and-america-barely-mines-it-302799131.html Original: The Metal You've Never Heard Of Is Becoming a National-Security Priority -- and America Barely Mines It

Americas Gold and Silver Closes Previously Announced Agreements to Settle Silver and Gold Delivery ObligationsJune 11, 2026 6:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - June 11, 2026) - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), a growing North American precious metals and antimony producer is pleased to announce that it has closed the previously announced agreement with Sprott Mining Inc. (see Americas news release dated May 22, 2026) to terminate the remaining obligation to deliver 592,000 ounces of silver under the existing Silver Delivery Agreement with Sprott Mining Inc. in exchange for 7,956,696 shares of the Company issued at a deemed price of US$5.57 per share.The Company is also pleased to announce it has closed the previously announced agreement with International Royalty Corporation ("IRC"), an affiliate of Royal Gold, Inc. (see Americas news release dated May 26, 2026) to settle its remaining obligation to deliver a total of 8,861 ounces of gold to IRC over the period between June 2026 and December 2027 under the existing Precious Metals Delivery and Purchase Agreement dated April 3, 2019, as amended. The Company's obligation to deliver 8,861 ounces of gold has been settled in exchange for the delivery of 5,000 ounces of gold by the Company and 2,652,532 common shares of the Company issued at a deemed price of US$5.86 per share. About Americas Gold and Silver CorporationAmericas Gold and Silver is a rapidly growing North American mining company producing silver, copper, lead, and antimony from high-grade operations in the U.S. and Mexico. In December 2024, Americas acquired 100% ownership of the Galena Complex (Idaho) in a transaction with Eric Sprott, former 40% Galena owner, becoming Americas' largest shareholder. This transaction consolidated Galena as a cornerstone U.S. silver asset and the nation's largest antimony mine. In December 2025, Americas acquired the fully permitted, past-producing Crescent Silver Mine (9 miles from Galena) with the world's 3rd highest-grade silver resource, creating significant potential future synergies through shared infrastructure and processing. In February 2026, Americas formed a 51/49 joint venture with US Antimony to build a new antimony processing hub at Galena, creating a U.S. "mine-to-finished product" antimony solution. Americas also owns and operates the Cosalá Operations in Sinaloa, Mexico. Americas is fully funded to aggressively grow production at the Galena Complex, Crescent and in Mexico with an aim to be a leading North American silver producer and a key source of U.S.-produced antimony.For more information:Miranda Powell
Manager, Communications
M: +1-775-771-8832
E: ir@americas-gold.com
W: americas-gold.comCautionary Statement on Forward-Looking InformationThis news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas' expectations, intentions, plans, assumptions, and beliefs with respect to anticipated results of the transactions contemplated herein. Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate," "believe," "expect," "goal," "plan," "intend," "potential," "estimate," "may," "assume," and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas to be materially different from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to the risk factors relating to the Company found under the heading "Risk Factors" in the Company's most recent Annual Information or the Company's MD&A; interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development, or production; general economic conditions and conditions affecting the mining industry; the uncertainty of regulatory requirements and approvals; potential litigation; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; risks associated with the mining industry generally, such as economic factors (including future commodity prices, currency fluctuations, and energy prices), ground conditions, failure of plant, equipment, processes, and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in grade or recovery rates, permitting timelines, capital expenditures, reclamation activities, labor relations; and risks related to changing global economic conditions and market volatility. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward-looking information is available in Americas' filings with the Canadian Securities Administrators on SEDAR+ and with the SEC. Americas does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events, or other such factors which affect this information, except as required by law. Americas does not give any assurance (1) that Americas will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward-looking information concerning Americas are expressly qualified in their entirety by the cautionary statements above.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301031 Original: Americas Gold and Silver Closes Previously Announced Agreements to Settle Silver and Gold Delivery Obligations

Americas Gold and Silver Announces High-Grade Infill Drill Results at the Cosalá Complex Highlighting Substantial Upside Compared To Mineral Resource Grades, Including 599.8 g/t Ag, 0.8% Cu over 14.0m and 509.7 g/t Ag, 0.4% Cu over 10.0mJune 1, 2026 6:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - June 1, 2026) - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), a growing North American precious metals and antimony producer, is pleased to announce high-grade drill results from the Company's ongoing resource conversion drilling program at the Cosalá Complex. Drilling was conducted in Q4 2025 through Q1 2026 at the San Rafael Upper, 120 Upper and 120 Lower zones with drilling at all three zones returning substantially higher silver grades than the currently modeled resource. These results represent significant upside potential to the future mine plan as they were reported after the October 31, 2025, Mineral Resource cutoff date, and therefore not included in the Company's recently announced Mineral Resource and Reserve statement (see Americas news release dated March 30, 2026).The 14 reported drillholes have not only confirmed the modeled thickness of the Mineral Resource but also represent a potential substantial increase in average silver grades in the San Rafael Upper and 120 zones versus the 2026 reported Mineral Resource grades. All reported drill intercepts are directly adjacent to existing infrastructure and are currently being incorporated into an optimized mine plan heading into H2 2026.Paul Andre Huet, Chairman and CEO, commented: "Today's results at Cosalá are truly spectacular and I'd like to congratulate the Cosalá team who continue to exceed expectations at every level. Mineral Resource conversion drilling at the San Rafael Upper and 120 zones is consistently averaging 2-3x the previously reported inferred Mineral Resource grades. Furthermore, the highlight intercept in hole SR568 intersected 14.0 meters grading 599.8 g/t Ag in a section of the Mineral Resource that predicted silver grades of 110 g/t, representing more than 5x potential upgrade to the grades in that area when compared to our current Mineral Resource. These excellent drill intercepts are immediately adjacent to existing mine infrastructure, and we are looking forward to incorporating these results into our optimized mine planning process as we move into H2 2026. The Company is on track to complete the most aggressive drilling campaign in company history in 2026, and today's results further highlight the incredible potential remaining to be unlocked with the drill bit at each of our operations."Figure 1: (L) Long section of Cosalá Complex with highlighted drill results at the San Rafael Upper and 120 Zones To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5082/299590_157ad480f4576a64_002full.jpgTable 1: Key Intercepts returned from Q4 2025 and Q1 2026 resource infill drilling at the Cosalá ComplexSan Rafael & 120 Zone Resource Infill - Highlight Drill Results
(as of May 15, 2026)Hole #Width (m)*Ag (g/t)Cu (%)Pb (%)Zn (%)Au (g/t)ZoneSR55912.0116.60.300.110.100.15San Rafael
UpperSR56118.0183.50.540.100.210.28and18.0109.50.320.100.200.17SR5658.4192.80.151.010.090.48SR56610.0509.70.430.700.100.59SR5679.3183.60.331.106.790.09and9.2133.00.220.150.380.37SR56814.0599.80.830.470.200.44and7.0130.60.200.330.770.53120-26-G10219.9181.30.550.040.100.14120 Upperand4.0181.10.860.180.180.12120-26-G10319.0187.70.540.040.130.15120-26-G10422.5306.00.870.230.410.47120-26-G10522.8329.00.830.080.170.44120-26-G1069.5355.01.190.030.300.37120-25-G9332.8216.10.490.230.160.32120 Lower120-25-G9433.7388.00.980.130.220.43and10.4330.50.700.230.530.19120-25-G9545.0342.90.850.120.240.35 *Note: Reported intercepts are estimated true widths.
A full table of drill collars and assay results can be found at: https://americas-gold.com/site/assets/files/4295/dr20260601.pdf

About Americas Gold and Silver Corporation
Americas Gold & Silver is a rapidly growing North American mining company producing silver, copper, and antimony from high-grade operations in the U.S. & Mexico. In Dec. 2024, Americas acquired 100% ownership of the Galena Complex (Idaho) in a transaction with Eric Sprott, former 40% Galena owner, in exchange becoming Americas' largest shareholder at ~14%. This unitized Galena as a cornerstone U.S. silver asset and the nation's largest antimony mine. In Dec. 2025, Americas acquired the fully permitted, past-producing Crescent Silver Mine (9 mi from Galena), creating significant potential future synergies through shared infrastructure & processing. Americas also owns & operates the Cosalá Ops. in Mexico. Americas is fully funded to aggressively grow production at the Galena Complex, Crescent and in Mexico with an aim to be a leading North American silver producer and a key source of U.S.-produced antimony.For more information:
Miranda Powell
Manager, Communications
Americas Gold and Silver Corporation
+1 (775) 771-8832Technical Information and Qualified Persons
The scientific and technical information contained herein has been reviewed and approved by Rick Streiff, Certified Professional Geologist (CPG#11108), EVP, Geology of the Company. The Company's current Annual Information Form and the NI 43-101 Technical Reports for its material mineral properties, all of which are available on SEDAR+ at www.sedarplus.ca, and EDGAR at www.sec.gov, contain further details regarding mineral reserve and mineral resource estimates, classification and reporting parameters, key assumptions and associated risks for each of the Company's material mineral properties, including a breakdown by category.The diamond drilling program used HQ and NQ-size core with core stored in a secure facility, photographed, logged and sampled based on lithologic and mineralogical interpretations. The Company's standard QA/QC practices are utilized with standards of certified reference materials, field duplicates and blanks inserted into the sample stream prior to shipment to the ALS Chemex de Mexico prep lab in Hermosillo, Sonora, Mexico. ALS Chemex de Mexico is a ISO/IEC 17025-accredited laboratory, which utilizes industry standard sample preparation procedures, including crushing, pulverizing, and internal quality control protocols. Following preparation, 150 gram pulp aliquots are shipped to ALS Vancouver, Canada, for analysis.Gold analyses is performed by atomic absorption spectrometry (AA). Silver, copper, lead, and zinc are analyzed following four-acid digestion with an ICP-AES finish (method ME-OG62). Samples returning silver values above the upper detection limit of 1,500 ppm Ag are re-analyzed by fire assay with a gravimetric finish (method AG-GRA21).All mining terms used herein have the meanings set forth in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), as required by Canadian securities regulatory authorities. These standards differ from the requirements of the SEC that are applicable to domestic United States reporting companies. Any mineral reserves and mineral resources reported by the Company in accordance with NI 43-101 may not qualify as such under SEC standards. Accordingly, information contained in this news release may not be comparable to similar information made public by companies subject to the SEC's reporting and disclosure requirements.Cautionary Statement on Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas' expectations, intentions, plans, assumptions, and beliefs with respect to, among other things, the potential for significant potential upside to the future mine plan at Cosalá, the potential for increase in average silver grades in the San Rafael Upper and 120 zones and the optimization of the mine plan at Cosalá for the second half of 2026, the potential upgrade to the grades at the Cosalá Complex, the incorporation of results into the Company's optimized mine planning process, statements with respect to drill programs, assay results and the interpretation of the results of such drill programs, the upside potential to future mine plans, and statements about the Company's exploration strategy (including its 2026 drilling campaign) and are subject to the risks and uncertainties outlined below. Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate," "believe," "expect," "goal," "plan," "intend," "potential," "estimate," "may," "assume," and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas to be materially different from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to the risk factors relating to the Company found under the heading "Risk Factors" in the Company's Annual Information Form dated March 27, 2026 or the Company's MD&A for the three months ended March 31, 2026 dated May 14, 2026; interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development, or production; general economic conditions and conditions affecting the mining industry; the uncertainty of regulatory requirements and approvals; potential litigation; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; risks associated with the mining industry generally, such as economic factors (including future commodity prices, currency fluctuations, and energy prices), ground conditions, failure of plant, equipment, processes, and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in grade or recovery rates, permitting timelines, capital expenditures, reclamation activities, labor relations; and risks related to changing global economic conditions and market volatility. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward-looking information is available in Americas' filings with the Canadian Securities Administrators on SEDAR+ and with the SEC. Americas does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events, or other such factors which affect this information, except as required by law. Americas does not give any assurance (1) that Americas will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward-looking information concerning Americas are expressly qualified in their entirety by the cautionary statements above.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299590 Original: Americas Gold and Silver Announces High-Grade Infill Drill Results at the Cosalá Complex Highlighting Substantial Upside Compared To Mineral Resource Grades, Including 599.8 g/t Ag, 0.8% Cu over 14.0m and 509.7 g/t Ag, 0.4% Cu over 10.0m

As America Pursues Mineral Independence, A US$2.9 Billion EXIM Loan Signals the Next Phase for Domestic Critical Mineral ProjectsMay 27, 2026 9:10 AM
PR Newswire (US) Issued on behalf of NevGold Corp.Washington's commitment to rebuilding a secure American antimony supply chain is creating renewed investor focus on advanced U.S. critical mineral projects — with multiple domestic developers, not just one, expected to be required to close the structural supply gap.NEW YORK, May 27, 2026 /PRNewswire/ -- USA News Group News Commentary — America's push to secure domestic critical mineral supply chains continues to accelerate as rising geopolitical tensions, trade disputes and strategic competition reshape global industrial priorities. At the center of that effort is a growing U.S. objective: reducing dependence on foreign-controlled critical mineral supply chains, particularly those tied to China. For years, China has played an outsized role across the global critical minerals ecosystem — mining, refining, processing and downstream supply chains tied to materials used in defense systems, advanced manufacturing, industrial technologies and energy infrastructure. As trade tensions, tariffs, export controls and broader economic competition between Washington and Beijing have intensified, concerns surrounding mineral security have moved squarely into focus. Critical minerals are no longer viewed strictly as industrial commodities; they are increasingly discussed through the lenses of national security, economic resilience and supply chain independence.That changing backdrop is creating renewed investor interest across the domestic critical minerals sector — and Washington just put a major exclamation point on it. On May 21, 2026, the Board of the Export-Import Bank of the United States ("EXIM") unanimously approved a US$2.9 billion senior secured long-term loan to support the development of Perpetua Resources Corp.'s (NASDAQ: PPTA) Stibnite Gold-Antimony Project in Idaho under EXIM's "Make More in America" Initiative. [1] The 13-year facility, combined with Perpetua's existing cash, is expected to fully fund direct construction of the project, which is designed to produce gold and the nation's only reported domestic reserve of the critical mineral antimony. [1]For investors following the space, the financing represents far more than support for a single asset. It reinforces a broader federal commitment to rebuilding American access to strategic mineral resources — and confirms that antimony, in particular, has moved from an industrial afterthought to a national security priority.But the investment narrative may extend well beyond one project alone.If the United States intends to meaningfully reduce reliance on foreign-controlled critical mineral supply chains, industry observers — and the U.S. government itself — suggest multiple domestic projects will ultimately be required. Even Perpetua's flagship Stibnite Project, large as it is, will not on its own close the structural antimony supply deficit facing American manufacturers and defense contractors.Why Antimony — and the Broader Critical Mineral Theme — Matters Right NowAntimony has emerged as a flashpoint in the broader critical mineral story for a simple reason: there is currently only one active antimony smelter in the United States, and China has historically dominated global supply of the metal, which is essential to ammunition primers, flame retardants, hardened lead alloys, and a wide range of defense applications. Geopolitical risk around that concentration has been escalating — even as China has signaled a temporary easing of certain antimony export measures, broader licensing controls and military-end-user restrictions remain in place, leaving Western buyers structurally exposed.That exposure is exactly what the EXIM loan was designed to begin addressing. As NevGold Corp. (TSXV: NAU) (OTCQX: NAUFF) (Frankfurt: 5E50) noted in its May 22, 2026 commentary on the Perpetua financing, "The US$2.9 billion EXIM commitment underscores the strategic importance of antimony and the need for multiple domestic sources to close the large supply deficit in the United States. Even with Stibnite moving toward production, the antimony supply gap remains substantial now and into the future." [2]That observation is drawing increasing attention toward emerging American resource developers advancing projects positioned within the critical minerals theme — particularly those with near-term production optionality rather than decade-long development timelines.NevGold Corp. and the Limousine Butte Project: A Near-Term Antimony Production Pathway in NevadaOne company working to position itself within the evolving American critical minerals landscape is NevGold Corp. (TSXV: NAU) (OTCQX: NAUFF) (Frankfurt: 5E50).The Vancouver-based exploration and development company is advancing its 100%-owned Limousine Butte Project ("Limo Butte") in Nevada, where it is nearing completion of a maiden antimony-gold Mineral Resource Estimate ("MRE") targeted for Q2 2026. [3] On May 21, 2026, NevGold also announced the commencement of a roughly 20,000-meter 2026 drill program at Limo Butte focused on resource building, expansion and new discoveries. [4]What differentiates Limo Butte within the broader landscape of global antimony projects, per the Company, comes down to three structural attributes:Oxide antimony-gold mineralization — avoiding the complexity and cost of sulphide processing and downstream smelting, a particularly relevant advantage given there is only one active antimony smelter operating in the United States today. [2]At-surface, historically mined material in the gold leach pads — previously stacked and crushed for historical gold operations but never processed for antimony, providing a potential rapid pathway to near-term antimony production from existing surface feedstock. [2]A straightforward permitting and environmental landscape in Nevada — supporting what NevGold describes as an efficient development timeline that could position Limo Butte as one of the nearest-term antimony production opportunities in the United States over the next 12 to 18 months. [2]Underlying technical results have been supportive. In April 2026, NevGold reported drill intercepts at Limousine Butte's Resurrection Ridge target including 1.93 g/t gold-equivalent over 100.6 meters from surface, with 1.11% antimony over 6.1 meters within that intercept. [5] Subsequent Phase II metallurgical testwork on oxide antimony-gold material from the historical leach pads returned average gold recoveries above 93% — with individual samples reaching 99% — and acid-leach antimony extraction ranging from 54% to 92% across the tested samples. [6]On the financial side, NevGold completed an upsized C$42.2 million financing earlier this quarter, which the Company says removes the near-term treasury overhang through the maiden MRE, continued drilling and metallurgical testwork at Limo Butte, plus continued advancement at its Idaho-based Nutmeg Mountain gold project. [7]NevGold CEO Brandon Bonifacio summarized the Company's positioning following the EXIM announcement: "Perpetua has played a foundational role in establishing the framework for a U.S. antimony supply chain, and we congratulate their team on this important milestone. Advanced U.S. antimony projects must co-exist to achieve true mineral independence and security for America." [2]Critical Mineral Investors Continue Watching Sector PeersBeyond NevGold, several U.S.-listed names continue attracting investor attention within the broader critical minerals and strategic supply chain discussion.Perpetua Resources Corp. (NASDAQ: PPTA) became the centerpiece of the conversation following the EXIM Board's May 21, 2026 unanimous approval of the US$2.9 billion senior secured loan for the Stibnite Gold Project — structured as a 13-year facility with a US$2.4 billion upfront component and the remainder covering capitalized interest during construction and EXIM's exposure fee. [1] Combined with Perpetua's existing cash holdings, the package is structured to fully fund the project's US$2.5 billion direct construction cost. [1]United States Antimony Corporation (NYSE: UAMY) (NYSE Texas: UAMY) has continued building out what it describes as the only fully integrated antimony producer outside of China and Russia. [8] On May 14, 2026, the Dallas-based company reported Q1 2026 results highlighting the completion of the first two delivery notices under its US$245 million Defense Logistics Agency contract, US$12.8 million in Department of War grant milestones achieved at the Thompson Falls expansion, and approximately US$48.6 million in post-quarter equity proceeds, while reiterating full-year 2026 gross revenue guidance of US$125 million. [9]Nova Minerals Limited (NASDAQ: NVA) announced on May 11, 2026 the successful completion of its 2026 winter freight mobilization to the Estelle Project in Alaska, delivering approximately 1.5 million pounds of heavy equipment and supplies needed for antimony ore mining, extraction and processing under a US$43.4 million U.S. Department of War award. [10] The company is targeting initial antimony production from Estelle in late 2026 or 2027 and is one of only two U.S. projects to receive that level of Department of War antimony funding. [11]Americas Gold and Silver Corporation (NYSE American: USAS) (TSX: USA) reported record Q1 2026 silver production of approximately 787,000 ounces, up 76% year-over-year, alongside material progress on its 51%-owned antimony processing joint venture in Idaho's Silver Valley formed with United States Antimony in February 2026. [12] On May 22, 2026, the Company announced it had reached an agreement with Sprott Mining to terminate the remaining 592,000-ounce obligation under its Silver Delivery Agreement in exchange for common shares — converting a stream obligation into equity and freeing capital for reinvestment in Galena, Crescent and Cosalá. [13]A Sector Narrative That May Continue BuildingTrade tensions between the United States and China, concerns surrounding foreign supply dependence, reshoring initiatives, defense considerations and now a US$2.9 billion federal loan commitment are reshaping how investors evaluate strategic resource opportunities. The EXIM approval for Perpetua signals that Washington is willing to put significant capital behind the rebuild of a domestic antimony supply chain — and given the size of the structural deficit, multiple projects, not just one, will likely be required to deliver true mineral independence.For developers like NevGold, with a near-term antimony production pathway anchored by oxide material at surface in a permitting-friendly U.S. jurisdiction, that narrative may continue to translate into meaningful investor focus through the balance of 2026.CONTINUED… Read this and more news for NevGold Corp. at: https://usanewsgroup.com/nau-landing/Article Sources[1] Perpetua Resources Corp. press release, May 21, 2026 — "Export Import Bank of the United States Approves $2.9 Billion Loan for Development of Perpetua Resources' Stibnite Gold Project": https://www.investors.perpetuaresources.com/investors/news/export-import-bank-of-the-united-states-approves-loan-for-development-of-perpetua-resources-stibnite-gold-project[2] NevGold Corp. press release, May 22, 2026 — "NevGold Congratulates Perpetua Resources On US$2.9 Billion Loan for the Gold-Antimony Stibnite Project in Idaho; NevGold Rapidly Advancing its At-Surface Oxide, Antimony-Gold Limo Butte Project to Near-Term U.S. Production" (GlobeNewswire).[3] NevGold Corp. press release, March 19, 2026 — confirming initial antimony-gold Mineral Resource Estimate at Limousine Butte on schedule for Q2-2026; reaffirmed in subsequent NevGold disclosures including the May 22, 2026 release referenced above.[4] NevGold Corp. press release, May 21, 2026 — "NevGold Commences 20,000 Meter Drill Program at Antimony-Gold Limo Butte Project, Nevada; Streamlined Focus on Resource Building, Expansion, and New Discoveries" (GlobeNewswire).[5] NevGold Corp. press release, April 9, 2026 — "NevGold Intercepts 1.11% Antimony Over 6.1 Meters, Within 1.93 g/t AuEq Over 100.6 Meters (1.07 g/t Au And 0.22% Antimony) From Surface" (GlobeNewswire).[6] NevGold Corp. press release, April 2, 2026 — "NevGold Announces Up to 99% Gold Recovery From Phase II Metallurgical Testwork on Oxide Antimony-Gold; Identifies More Antimony Mineralization At Surface In Historical Gold Waste Dump" (GlobeNewswire).[7] NevGold Corp. press release, May 12, 2026 — "NevGold Announces Closing of Upsized $42M Brokered Private Placement Financing" (gross proceeds C$42,225,497) (GlobeNewswire).[8] United States Antimony Corporation corporate description — self-described as "the only fully integrated antimony company in the world outside of China and Russia," May 14, 2026 Q1 2026 earnings press release (ACCESS Newswire).[9] United States Antimony Corporation press release, May 14, 2026 — "United States Antimony Corporation Reports First Quarter 2026 Financial and Operating Results" (ACCESS Newswire).[10] Nova Minerals Limited press release, May 11, 2026 — winter freight mobilization to the Estelle Project completed (~1.5 million pounds delivered) (GlobeNewswire).[11] Nova Minerals Limited corporate disclosures, May 2026 — US$43.4 million U.S. Department of War antimony award; targeted antimony production late 2026/2027.[12] Americas Gold and Silver Corporation press release, April 16, 2026 — "Americas Gold and Silver Corporation Announces New Record Quarterly Silver Production and Sales, Including 787,000 Ounces Produced and 830,000 Ounces Sold"; February 2026 51/49 joint venture with United States Antimony to build a mine-to-finished-product antimony processing hub at Galena (Newsfile Corp.).[13] Americas Gold and Silver Corporation press release, May 22, 2026 — "Americas Gold and Silver Announces Agreement with Sprott Mining Inc. to Terminate Silver Delivery Agreement" (Newsfile Corp.).DISCLAIMERNothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for NevGold Corp. advertising and digital media from Creative Direct Marketing Group ("CDMG"). There may be 3rd parties who may have shares of NevGold Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article as the basis for any investment decision. The owner/operator of MIQ owns shares of NevGold Corp. which were purchased in the open market, and reserves the right to buy and sell, and will buy and sell shares of NevGold Corp. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, we currently own shares of NevGold Corp. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles.While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our article is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Contact: editor @acblanke1Logo: https://mma.prnewswire.com/media/2838876/5656770/USA_News_Group_Logo.jpg  View original content:https://www.prnewswire.com/news-releases/as-america-pursues-mineral-independence-a-us2-9-billion-exim-loan-signals-the-next-phase-for-domestic-critical-mineral-projects-302782609.htmlSOURCE USA News Group Original: As America Pursues Mineral Independence, A US$2.9 Billion EXIM Loan Signals the Next Phase for Domestic Critical Mineral Projects

Americas Gold and Silver Announces Agreement with Affiliate of Royal Gold to Settle Fixed Gold Delivery ObligationMay 26, 2026 6:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - May 26, 2026) - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), a growing North American precious metals and antimony producer is pleased to announce that it has reached an agreement ("the Agreement") with International Royalty Corporation ("IRC"), an affiliate of Royal Gold, Inc. to settle its remaining obligation to deliver a total of 8,861 ounces of gold to IRC over the period between June 2026 and December 2027 under the existing Precious Metals Delivery and Purchase Agreement dated April 3, 2019, as amended ("Precious Metals Delivery Agreement"). The Precious Metals Delivery Agreement was originally entered into with Sandstorm Gold Ltd. as part of the Relief Canyon Transaction in 2019 (See Americas news release dated April 3, 2019), prior to Sandstorm Gold Ltd.'s acquisition by IRC in October 2025.Under the terms of this transaction, the Company's obligation to deliver 8,861 ounces of gold will be settled in exchange for immediate delivery by the Company of 5,000 ounces of gold and 2,652,532 common shares of the Company issued at a deemed price of US$5.86 per share. The purchase and delivery of the 5,000 ounces of gold is being funded with the proceeds of the unwinding of the in-the-money gold price protection instruments put in place by the Company in relation to this liability (of approximately US$7 million) and cash on hand. The share issuance to IRC is subject to TSX approval and will be subject to a four-month hold period under applicable securities laws. Paul Andre Huet, Chairman and CEO, commented: "Following on Americas announcement of the termination of the silver delivery obligation to Sprott Inc. (see Americas news release dated May 22, 2026), today's announcement marks yet another significant step in further strengthening our balance sheet and overall business. The settlement of the fixed gold delivery obligation under the Precious Metals Delivery Agreement with IRC removes over $40 million in variable future debt obligations which fluctuate with the price of gold. We are also pleased that our proactive gold price protection instruments entered in mid-2025 have yielded an approximate US$7 million return for shareholders, positively offsetting our cash outlay. By removing this gold price linked obligation, as well as the previously announced agreement to terminate the Sprott Silver Deliver Agreement, we have now eliminated over US$85 million in variable future debt obligations at a very compelling equity valuation. We expect the removal of these legacy liabilities to have a significantly positive impact by further increasing silver price leverage for our shareholders and simplifying the silver price relationship to our bottom line. At current spot prices, this also represents another significant reduction of future cash debt service costs, allowing us to reinvest in operations for the benefit of our shareholders."About Americas Gold and Silver CorporationAmericas Gold and Silver is a rapidly growing North American mining company producing silver, copper, lead, and antimony from high-grade operations in the U.S. and Mexico. In December 2024, Americas acquired 100% ownership of the Galena Complex (Idaho) in a transaction with Eric Sprott, former 40% Galena owner, becoming Americas' largest shareholder. This transaction consolidated Galena as a cornerstone U.S. silver asset and the nation's largest antimony mine. In December 2025, Americas acquired the fully permitted, past-producing Crescent Silver Mine (9 miles from Galena) with the world's 3rd highest-grade silver resource, creating significant potential future synergies through shared infrastructure and processing. In February 2026, Americas formed a 51/49 joint venture with US Antimony to build a new antimony processing hub at Galena, creating a U.S. "mine-to-finished product" antimony solution. Americas also owns and operates the Cosalá Operations in Sinaloa, Mexico. Americas is fully funded to aggressively grow production at the Galena Complex, Crescent and in Mexico with an aim to be a leading North American silver producer and a key source of U.S.-produced antimony.For more information:Miranda Powell
Manager, Communications
M: +1-775-771-8832
E: ir@americas-gold.com
W: americas-gold.comCautionary Statement on Forward-Looking InformationThis news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas' expectations, intentions, plans, assumptions, and beliefs with respect to anticipated results of the transactions contemplated herein. Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate," "believe," "expect," "goal," "plan," "intend," "potential," "estimate," "may," "assume," and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas to be materially different from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to the risk factors relating to the Company found under the heading "Risk Factors" in the Company's most recent Annual Information or the Company's MD&A; interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development, or production; general economic conditions and conditions affecting the mining industry; the uncertainty of regulatory requirements and approvals; potential litigation; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; risks associated with the mining industry generally, such as economic factors (including future commodity prices, currency fluctuations, and energy prices), ground conditions, failure of plant, equipment, processes, and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in grade or recovery rates, permitting timelines, capital expenditures, reclamation activities, labor relations; and risks related to changing global economic conditions and market volatility. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward-looking information is available in Americas' filings with the Canadian Securities Administrators on SEDAR+ and with the SEC. Americas does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events, or other such factors which affect this information, except as required by law. Americas does not give any assurance (1) that Americas will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward-looking information concerning Americas are expressly qualified in their entirety by the cautionary statements above.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298825 Original: Americas Gold and Silver Announces Agreement with Affiliate of Royal Gold to Settle Fixed Gold Delivery Obligation

Americas Gold and Silver Announces Agreement with Sprott Mining Inc. to Terminate Silver Delivery AgreementMay 22, 2026 6:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - May 22, 2026) - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), a growing North American precious metals and antimony producer is pleased to announce that it has reached an agreement with Sprott Mining Inc. ("Sprott Mining") to terminate the remaining obligation under the existing Silver Delivery Agreement in exchange for shares of the Company. The agreement is to terminate the remaining 592,000 ounces of silver under the Company's Silver Delivery Agreement in exchange for 7,956,696 common shares of the Company issued at a deemed price of US$5.57 per share (see Americas news release dated December 19, 2024 for further details regarding the Silver Delivery Agreement). The share issuance to Sprott Mining is subject to TSX approval and will be subject to a four-month hold period under applicable securities laws. Paul Andre Huet, Chairman and CEO, commented: "Today's announcement marks a significant step in further strengthening both our balance sheet and business via a very strong endorsement made by our largest shareholder. Mr. Sprott's decision to convert his silver stream agreement into additional Americas equity at a share price materially above his initial entry as part of the Consolidation Transaction, reflects his strong commitment to and belief in the value yet to be unlocked in our significant asset base. I would like to personally thank Mr. Sprott for his continued support and increased participation in our business as he becomes an even larger shareholder in Americas. "The elimination of the silver stream agreement removes over $45 million in variable future debt obligations. By removing this encumbrance, we enable the strong progress of our operations to drive returns and silver price leverage for our shareholders directly to our bottom line. At current spot prices, this also represents a significant reduction of future cash debt service, allowing us to reinvest in operations for the benefit of our shareholders."Mr. Eric Sprott commented: "I have been very pleased with the outperformance of my investment in Americas Gold and Silver following the consolidation of my ownership of Galena in late 2024. In converting my silver stream into additional Americas equity, I am looking forward to increased exposure to what I believe is one of the most prolific silver mines globally operated by a management team that knows how to mine, scale production, and drive productivity."About Americas Gold and Silver CorporationAmericas Gold and Silver is a rapidly growing North American mining company producing silver, copper, lead, and antimony from high-grade operations in the U.S. and Mexico. In December 2024, Americas acquired 100% ownership of the Galena Complex (Idaho) in a transaction with Eric Sprott, former 40% Galena owner, becoming Americas' largest shareholder. This transaction consolidated Galena as a cornerstone U.S. silver asset and the nation's largest antimony mine. In December 2025, Americas acquired the fully permitted, past-producing Crescent Silver Mine (9 miles from Galena) with the world's 3rd highest-grade silver resource, creating significant potential future synergies through shared infrastructure and processing. In February 2026, Americas formed a 51/49 joint venture with US Antimony to build a new antimony processing hub at Galena, creating a U.S. "mine-to-finished product" antimony solution. Americas also owns and operates the Cosalá Operations in Sinaloa, Mexico. Americas is fully funded to aggressively grow production at the Galena Complex, Crescent and in Mexico with an aim to be a leading North American silver producer and a key source of U.S.-produced antimony.For more information:Miranda Powell
Manager, Communications
M: +1-775-771-8832
E: ir@americas-gold.com
W: americas-gold.comCautionary Statement on Forward-Looking InformationThis news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas' expectations, intentions, plans, assumptions, and beliefs with respect to anticipated results of the transactions contemplated herein. Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate," "believe," "expect," "goal," "plan," "intend," "potential," "estimate," "may," "assume," and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas to be materially different from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to the risk factors relating to the Company found under the heading "Risk Factors" in the Company's most recent Annual Information or the Company's MD&A; interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development, or production; general economic conditions and conditions affecting the mining industry; the uncertainty of regulatory requirements and approvals; potential litigation; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; risks associated with the mining industry generally, such as economic factors (including future commodity prices, currency fluctuations, and energy prices), ground conditions, failure of plant, equipment, processes, and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in grade or recovery rates, permitting timelines, capital expenditures, reclamation activities, labor relations; and risks related to changing global economic conditions and market volatility. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward-looking information is available in Americas' filings with the Canadian Securities Administrators on SEDAR+ and with the SEC. Americas does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events, or other such factors which affect this information, except as required by law. Americas does not give any assurance (1) that Americas will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward-looking information concerning Americas are expressly qualified in their entirety by the cautionary statements above.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298532 Original: Americas Gold and Silver Announces Agreement with Sprott Mining Inc. to Terminate Silver Delivery Agreement

From China's Export Ban To A Nevada Leach Pad: The Junior With a Domestic Solution to the US Antimony Supply ChainMay 13, 2026 8:53 AM
PR Newswire (Canada) Issued on behalf of NevGold Corp.From a 1.11% antimony intercept at Resurrection Ridge, up to 99% gold recoveries on a brownfield leach pad — and an upsized brokered placement that closed on strong institutional demand — NevGold Corp. (TSXV: NAU | OTCQX: NAUFF | FRA: 5E50) is heading into its maiden antimony-gold Mineral Resource Estimate fully funded, and on a near-term U.S. antimony production pathway that very few of its peers can claim.NEW YORK, May 13, 2026 /CNW/ -- USA News Group News Commentary — North American gold producers are operating in one of the most favorable commodity-and-policy windows of the past two decades. Gold continues to trade at or near record highs. Antimony — a U.S.-designated Critical Mineral with 100% U.S. import reliance — is now the subject of unprecedented federal procurement attention following China's December 2024 export restrictions targeting the United States. Those restrictions were partially suspended in November 2025, but the licensing regime and end-use scrutiny remain in place, which means U.S. buyers continue to face renewed disruption risk on a metal used in everything from flame retardants and semiconductors to military munitions and lead-acid batteries. Inside that environment, junior explorers exposed to both gold and antimony — at a single, U.S. project — are a very short list. And one Vancouver-based junior has just delivered the most catalyst-dense six-week stretch in its corporate history.NevGold Corp. (TSXV: NAU) (OTCQX: NAUFF) (Frankfurt: 5E50) is an exploration and development company with four 100%-owned projects across Nevada and Idaho, anchored by the Limousine Butte gold-antimony project (White Pine County, Nevada) and the Nutmeg Mountain gold project (Idaho). [1] Between March 12 and April 20, 2026, the Company stacked six operational disclosures — drill mobilization, district-scale Bullet Zone drill hits, sequential antimony-then-gold metallurgy, the Resurrection Ridge headline drill release, sonic drill confirmation on the historic leach pads, and an upsized brokered placement — that together sets up a maiden antimony-gold NI 43-101 Mineral Resource Estimate at Limousine Butte targeted for Q2 2026, with a pathway to near-term antimony production by 2027. [1]The Financing That Caps The Run: C$42.2 Million, Upsized From C$25 Million, On Strong Institutional DemandOn April 20, 2026, NevGold announced that its previously announced C$25 million brokered private placement had been upsized to over C$42 million on strong demand. [1] The upsized offering comprises 22,223,946 common shares at C$1.90, with Clarus Securities Inc. as sole agent and bookrunner, and is expected to close on or about May 12, 2026. [1] Net proceeds are earmarked for advancing Limousine Butte, Nutmeg Mountain, working capital, and general corporate purposes. [1] The shares will be subject to a four-month-and-one-day hold period from closing in accordance with applicable securities laws. [1]A previously announced C$25 million brokered deal getting upsized by roughly 69% — without warrants — is a signal, not a line item. It tells you something about who the institutions in the book are willing to underwrite, and at what stage of the catalyst chain they want to be in the stock.The Drill Bit Behind The Bid: 1.11% Antimony Over 6.1 Meters Inside A 100.6-Meter Gold Equivalent InterceptThe April 9, 2026 disclosure was arguably the headline of the quarter. At Resurrection Ridge — part of the Limousine Butte district, and the structural setting that hosts both the Bullet Zone discovery (made in 2025) and the Armory Fault discovery (announced February 18, 2026) — NevGold intersected 1.93 g/t gold equivalent over 100.6 meters from surface (1.07 g/t gold + 0.22% antimony), with a high-grade interval of 1.11% antimony over 6.1 meters inside that broader intercept. [1] [2] CEO Brandon Bonifacio described Limo Butte as "one of the highest grade antimony projects in North America that is near-surface and oxide." [2]This was not an isolated print. On March 19, 2026, the Company had already disclosed Hole LB25-024 with 11.42 g/t AuEq over 7.7 meters (2.64% Sb + 1.17 g/t Au), within a broader 4.91 g/t AuEq over 27.4 meters (1.09% Sb + 0.67 g/t Au). [2] AuEq calculations are based on assumed prices of US$3,000/oz gold and US$40,000/tonne antimony, with assumed metal recoveries of 80% gold and 75% antimony. [2]For investors who track antimony as a critical mineral story, 1.11% over 6.1 meters is a number that compares favorably with most of the U.S. and ex-China advanced peer set. For investors who track gold, the 100.6-meter envelope at over 1.9 g/t AuEq from surface — with the gold component alone at 1.07 g/t — is a credible bulk-tonnage signature on a project that already has Bureau of Land Management approval for an Exploration Plan of Operations covering the full 68 km² property and up to 200 acres of permitted disturbance over a 10-year term. [1]The Metallurgy That Makes The Story Unusual: up to 99% Gold Recovery — After The Antimony Has Been Leached OutThe April 2, 2026 metallurgical disclosure may be the single most meaningful catalyst in the sequence, and it is one that puts NevGold (nev-gold.com) into a category of its own. Phase II testwork on oxide antimony-gold material from the Limo Butte historical gold leach pads showed cyanide shake test average gold recoveries above 93%, with individual samples reaching 99%, on residual tailings after the antimony had already been leached out. [1] Acid leach antimony extraction across the tested samples ranged from 54% to 92%, and additional antimony mineralization was identified at surface in a historical pre-strip waste dump. [1]The sequential process — antimony first, gold second, both metals from the same feed stream — is the punchline. It means NevGold is not picking between gold or antimony at Limo Butte. It is recovering both, in sequence, from material that has already been crushed, stacked, and sitting at surface on a brownfield site.That part — the brownfield part — is what positions Limousine Butte as one of the only near-term, at-surface antimony production scenarios in the United States with a path to potential metal production by 2027. The historical gold leach pads were already crushed, were already stacked, and are at surface requiring no further mining activities. April 14, 2026 sonic drill results on those same pads delivered 0.34% antimony with 0.41 g/t gold over 12.5 meters, 0.33% Sb and 0.55 g/t Au over 11.0 meters, and 0.31% Sb and 0.50 g/t Au over 14.6 meters — consistent with or better than the Phase I test pit averages. [1]The 2026 TSX Venture 50 Recognition Wasn't An AccidentNevGold was named to the 2026 TSX Venture 50 — one of the top 50 performers among more than 1,500 TSXV-listed issuers — on the back of a 330% share price appreciation and 515% market capitalization growth in 2025. [1] The recognition uses three equally weighted criteria: one-year share price appreciation, market cap growth, and Canadian consolidated trading value. The list is not an opinion. It is an output.The Comparable Set: How NevGold Stacks UpNevGold (www.nev-gold.com) sits at an unusual intersection of theses — domestic critical mineral, sequential gold recovery, near-term production optionality from a brownfield pad, and Tier-1 jurisdiction (Nevada and Idaho). To frame the opportunity, four comparables are worth tracking:United States Antimony Corp. (NYSE American: UAMY) is currently the only fully integrated antimony company outside of China and Russia. [3] On April 2, 2026, USAC announced the restart of mining operations at Stibnite Hill in Thompson Falls, Montana — a property the company previously mined from 1968 until 1983. [4] The company has raised FY2026 revenue guidance to $125 million — a 25% increase from prior guidance — and received a $27.0 million award from the U.S. Department of War under Title III of the Defense Production Act. [5] [6] USAC's Madero, Mexico smelter has approximately 200 tons per month of capacity, and the company remains sole-source approved to supply antimony trisulfide to the Defense Logistics Agency. [5] What UAMY illustrates is that the U.S. antimony market is being rebuilt brick by brick, and that buyers at scale are willing to pay for domestic, vertically integrated production.Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) holds the only identified domestic reserve of the critical mineral antimony at its Stibnite Gold Project in central Idaho. [11] The Project is projected to be one of the highest-grade open-pit gold mines in the United States, with reserves of approximately 4.8 million ounces of gold and 148 million pounds of antimony, and is expected to produce roughly 450,000 ounces of gold annually over its first four years. [11] On October 21, 2025, Perpetua broke ground on early works construction at the US$1.3 billion Stibnite project after posting US$139 million in financial assurance and receiving notice from the U.S. Forest Service that the 2025 Record of Decision requirements had been satisfied. [12] Perpetua received an indicative term sheet for up to US$2 billion in debt support from the U.S. Export-Import Bank and is targeting a final investment decision in 2026. [13] What Perpetua demonstrates is that the U.S. is willing to underwrite domestic gold-antimony pairings at scale — the same fundamental thesis NevGold (nev-gold.com) is advancing at Limousine Butte, but at a much earlier stage and a fraction of the market capitalization.Americas Gold and Silver Corporation (NYSE American: USAS / TSX: USA) consolidated 100% ownership of the Galena Complex in Idaho's Silver Valley in December 2024 — described by the company as the nation's largest antimony mine. [7] On February 10, 2026, Americas signed a definitive joint venture agreement with United States Antimony Corporation for a 51/49 JV to construct and operate an antimony processing facility at Galena, with the stated goal of building a U.S. mine-to-finished-product antimony solution. [7] In March 2026, Americas announced its largest exploration program in company history at approximately 64,000 meters of drilling across Galena/Crescent and Cosalá Mexico, reporting silver intercepts as high as 4,896 g/t over 1.3 meters. [8] On April 30, 2026, the company reported its fourth major new discovery at Galena — six new high-grade silver-copper-antimony veins approximately 150 meters southwest of the 149 Vein, including 1,392 g/t Ag, 1.5% Cu and 1.5% Sb over 1.9 meters at the 43L-TJ Vein Complex. [9] USAS is the closest thing in the U.S. peer set to a "domestic antimony producer with a real silver counterweight," which is a thesis adjacent to NevGold's gold-antimony pairing.Orla Mining Ltd. (NYSE American: ORLA / TSX: OLA) reported Q1 2026 production of 81,206 ounces of gold across two operating mines — Musselwhite (Ontario) and Camino Rojo (Mexico) — and reaffirmed full-year 2026 guidance of 340,000 to 360,000 ounces. [10] Orla ended Q1 2026 with $96.0 million in net cash, declared its inaugural quarterly cash dividend in late 2025, and is advancing the South Carlin Complex (formerly South Railroad) — a feasibility-stage open-pit heap leach gold project on Nevada's Carlin trend. [10] The relevance for NevGold is jurisdictional: Orla and NevGold are both advancing oxide gold projects in Nevada, but with very different footprints and capital structures.The Q2 2026 Catalyst: Maiden Antimony-Gold MRE At Limousine ButteThe next direct catalyst on the NevGold timeline is a maiden antimony-gold NI 43-101 Mineral Resource Estimate at Limousine Butte, expected in Q2 2026. [1] That MRE will be the first time the antimony quantities sitting in the historical leach pads are quantified under modern reporting standards, and it will set the technical baseline for the near-term production scenario the company is targeting for 2027.NevGold has not yet established a current NI 43-101 mineral resource at Limousine Butte; the maiden MRE remains forthcoming. Investors should review the Company's filings and the qualified persons' technical disclosures on www.nev-gold.com before drawing conclusions. The technical information disclosed by NevGold in its 2026 news releases has been reviewed and approved by Greg French, CPG, the Company's Vice President, Exploration, who is NevGold's Qualified Person under National Instrument 43-101. [2]The Bottom LineFor investors trying to triangulate where the U.S. antimony supply chain is being rebuilt, the names UAMY, Perpetua, USAS, and ORLA all matter. But NevGold (TSXV: NAU | OTCQX: NAUFF | FRA: 5E50) is the rare junior that sits at the intersection of multiple theses simultaneously: U.S. Critical Mineral exposure, near-term brownfield antimony production optionality, sequential gold recovery validated by up to 99% recovery testwork, and a fully funded balance sheet heading into a maiden MRE — at junior-explorer valuations.The maiden MRE is the next catalyst. Watch this space.Visit the company website at www.nev-gold.com for the latest corporate updates, investor presentations, and the full set of recent press releases.Frequently Asked QuestionsQ: What does NevGold Corp. do? A: NevGold Corp. (TSXV: NAU | OTCQX: NAUFF | FRA: 5E50) is a Vancouver-based exploration and development company with four 100%-owned projects across Nevada and Idaho. Its two flagship programs are Limousine Butte (gold-antimony, Nevada) and Nutmeg Mountain (gold, Idaho); Cedar Wash (gold, Nevada) and Zeus (copper, Idaho) round out the portfolio. [1]Q: What was the upsized financing announced on April 20, 2026? A: NevGold's previously announced C$25 million brokered private placement was upsized to over C$42 million (22,223,946 common shares at C$1.90), with Clarus Securities Inc. as sole agent and bookrunner. The financing is expected to close on or about May 12, 2026, and proceeds are earmarked for advancing Limousine Butte, Nutmeg Mountain, working capital, and general corporate purposes. [1]Q: What were the headline drill results from April 9, 2026? A: At Resurrection Ridge in the Limousine Butte district, NevGold intersected 1.93 g/t gold equivalent over 100.6 meters from surface (1.07 g/t Au + 0.22% Sb), incorporating a higher-grade interval of 1.11% antimony over 6.1 meters. [1]Q: What did the Phase II metallurgical testwork show? A: Cyanide shake tests on residual leach pad material — after the antimony had been leached out — returned average gold recoveries above 93%, with individual samples reaching 99%. Acid leach antimony extraction ranged from 54% to 92% across the tested samples. The sequential antimony-then-gold leaching process means both metals can be recovered from the same feed. [1]Q: When is the next major catalyst? A: The maiden antimony-gold NI 43-101 Mineral Resource Estimate at Limousine Butte is targeted for Q2 2026, with near-term antimony production targeted for 2027. [1]Q: How do I get more information? A: Visit www.nev-gold.com or the USA News Group NevGold profile for additional information, presentations, and the full set of recent press releases.Media ContactUSA News Groupinfo @therooster-2873Article Sources[1] https://www.globenewswire.com/news-release/2026/04/20/3277330/0/en/nevgold-announces-upsized-42mm-brokered-private-placement-financing.html
[2] https://nev-gold.com/news/ (Apr 9, 2026 / Mar 19, 2026 NevGold drill releases — Limousine Butte / Resurrection Ridge / Bullet Zone / Hole LB25-024) 
[3] https://www.usantimony.com/ 
[4] https://www.accessnewswire.com/newsroom/en/metals-and-mining/united-states-antimony-announces-restart-of-mining-operations-on-stibnite-hill-mo-1154279 
[5] https://www.stocktitan.net/news/UAMY/ 
[6] https://www.mining.com/united-states-antimony-lifts-revenue-guidance-amid-mining-breakthrough/ 
[7] https://americas-gold.com/operations/galena-complex/ 
[8] https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1883-tsx/usa/199172-americas-gold-and-silver-announces-largest-ever-exploration-program-in-2026-following-the-discovery-of-ten-new-high-grade-silver-copper-antimony-and-silver-lead-veins-at-galena-including-4-896-g-t-silver-and-3-95-copper-over-1-3m.html 
[9] https://americas-gold.com/news-releases/2026/americas-gold-and-silver-announces-fourth-major-new-discovery-at-the-galena-complex-identifying-six-new-high-grade-silver/ [10] https://www.newswire.ca/news-releases/orla-mining-reports-first-quarter-2026-gold-production-821521800.html 
[11] https://www.perpetuaresources.com/about/about-the-stibnite-gold-project 
[12] https://www.prnewswire.com/news-releases/perpetua-resources-breaks-ground-on-the-stibnite-gold-project-302590660.html 
[13] https://www.mining.com/perpetua-starts-building-1-3b-stibnite-gold-antimony-mine/DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USANewsGroup.com is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for NevGold Corp. advertising and digital media from Creative Direct Marketing Group ("CDMG"). There may be 3rd parties who may have shares of NevGold Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article as the basis for any investment decision. The owner/operator of MIQ does not own any shares of NevGold Corp. but reserves the right to buy and sell, and will buy and sell shares of NevGold Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and CDMG, on behalf of NevGold Corp., has approved the contents of this article. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our article is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Logo - https://mma.prnewswire.com/media/2838876/5967327/USA_News_Group_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/from-chinas-export-ban-to-a-nevada-leach-pad-the-junior-with-a-domestic-solution-to-the-us-antimony-supply-chain-302770171.htmlSOURCE USA News Group Original: From China's Export Ban To A Nevada Leach Pad: The Junior With a Domestic Solution to the US Antimony Supply Chain

Six Years of Silver Deficits Meet a Sovereign Mineral ScrambleMay 7, 2026 9:04 AM
PR Newswire (US) Issued on behalf of GoldHaven Resources Corp.EquityInsider.com Sector CommentaryVANCOUVER, BC, May 7, 2026 /PRNewswire/ -- Silver has now been in a structural supply deficit for six straight years, with 762 million ounces pulled from global stockpiles since 2021 according to the Silver Institute's latest World Silver Survey[1]. That's roughly an entire year of global mine production, gone. At the same time, governments are treating metals like tungsten, zinc, and indium as national security priorities: Canada has signed more than 20 critical mineral agreements this year alone while the U.S. committed $12 billion to Project Vault, its first strategic minerals reserve[2]. The convergence is directing capital toward high-grade polymetallic deposits that carry silver alongside those very metals, and five companies are positioned at the center of it: GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF), Southern Silver Exploration (TSXV: SSV) (OTCQX: SSVFF), Americas Gold and Silver (NYSE-A: USAS) (TSX: USA), American Tungsten (CSE: TUNG) (OTCQB: TUNGF), and Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF).  Bank of America's metals team now sees silver reaching $135 to $309 per ounce if physical shortages deepen, a range that reflects just how tight inventories have become across the precious metals complex[3]. The repricing isn't limited to silver. Tungsten prices have surged roughly 900% over the past twelve months as China restricts exports of the defense-critical metal, turning polymetallic deposits with built-in critical mineral optionality into the highest-conviction exploration targets of the cycle[4].GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) just announced the upsizing of its previously announced non-brokered financing to gross proceeds of up to $1.2 million—due to strong investor demand. The additional capital is set to further strengthen GoldHaven's fully funded 2026 exploration program at its flagship Magno Project in the Cassiar District of British Columbia, and it's expected to support an expanded drill campaign targeting a large-scale, multi-phase mineral system with significant and critical metals exposure, including tungsten and indium."The level of investor interest reflects growing recognition of the opportunity at Magno," said Rob Birmingham, CEO of GoldHaven. "With drilling set to expand beyond our initial program, we are entering a catalyst-rich phase where we can begin to test the scale of this system across multiple high-priority targets. We believe Magno has the characteristics of a large, multi-phase mineral system, and this program is a key step in advancing that potential."Magno is a district-scale polymetallic property spanning more than 37,200 hectares, carrying silver, tungsten, lead, zinc, and indium mineralization. Tungsten is classified as a critical mineral by both the Canadian and U.S. governments, and Canada currently has no primary domestic tungsten production. GoldHaven Resources has already submitted its drill permit application at Magno and filed a technical report covering the polymetallic system, positioning the project for its first drill program as the funding comes together."We are entering an exciting and highly strategic phase at Magno, where multiple high-grade zones and distinct mineralization styles have now been defined across a large, consolidated land package," said Birmingham. "The combination of high-grade silver-lead-zinc mineralization and growing exposure to critical minerals such as tungsten and indium continues to reinforce our view that Magno hosts the hallmarks continues to reinforce our view that Magno is emerging as a compelling district-scale silver and critical minerals exploration opportunity in the Cassiar District."The company is also active in Brazil, where an independent geological review of its 100%-owned Copeçal Gold Project confirmed a large-scale, structurally controlled hydrothermal gold system. The review identified higher-grade gold enrichment at the West Target tied to fold hinge structures, and copper-gold vectors at the East Target supported by zoned sulphide assemblages indicating increasing temperature at depth. A Phase II drill program at Copeçal is planned for 2026, designed to test the high-priority structural and geophysical targets identified through that review.CONTINUED… Read this and more news for GoldHaven Resources at:
https://equity-insider.com/2025/10/02/the-goldhaven-story-two-continents-one-strategy-systematic-historic-gold-district-exploration-2/In other industry developments:Southern Silver Exploration (TSXV: SSV) (OTCQX: SSVFF) reported final assays from its Puro Corazon drill program at the Cerro Las Minitas Project in Durango, Mexico, with hole 26CLM-221 returning 4.6 metres averaging 201 g/t silver, 4.5% lead, and 9.8% zinc (557 g/t AgEq). All 23 planned holes in the program have been completed, extending skarn and replacement mineralization 400 metres laterally and to 500 metres depth."The 2025-26 drill program successfully outlined and upgraded mineralization on the Puro Corazon claim, extending mineralization within the skarn-altered halo around the main intrusion for upwards of 400 metres laterally and to depths of up to 500 metres below surface, where it transitions into previously identified mineralization in the larger CLM claim block," said Rob Macdonald, Vice President of Exploration of Southern Silver Exploration. "More significantly, drilling also intersected multiple bonanza-grade, replacement-styled intercepts on the outer edge of the skarn-altered halo, potentially forming a shallow high-grade lens outboard of the main skarn zone and starting within 200 metres of surface."Southern Silver Exploration plans to incorporate Puro Corazon results into an updated mineral resource estimate and preliminary economic assessment for the full Cerro Las Minitas project.Americas Gold and Silver (NYSE-A: USAS) (TSX: USA) reported a strong resource update, with consolidated silver M&I Mineral Resources rising 10% to 115.7 million ounces while the flagship Galena Complex in Idaho posted a 19% increase in M&I resources to 87.9 million ounces at 501 g/t silver, a 21% grade improvement year over year. The company also announced two major new vein discoveries at Galena and a near-surface high-grade find at its Cosalá operations in Mexico."In our new M&I Resource at Galena, we have seen very strong ounce growth of 19% year over year with a tremendous 21% improvement in grades to 501g/t silver," said Paul Andre Huet, Chairman and CEO of Americas Gold and Silver. "This increase across the board demonstrates what Galena has already done for over 100 years of mining history: replace depletion, add ounces and continue to establish itself as one of the highest grade primary silver systems in the world."Looking ahead, the company has launched its largest-ever exploration drilling campaign, targeting 64,000 meters across its properties with a budget of up to $20 million in 2026, underpinned by multiple new high-grade targets at both Galena and Cosalá.American Tungsten (CSE: TUNG) (OTCQB: TUNGF) announced initial drilling results from the second drill station on the D-Level of the IMA Mine in Lemhi County, Idaho, with significant tungsten-silver intercepts in all three holes demonstrating continuity of the polymetallic vein system along strike and up-dip from historical workings. Highlights include 28.3 feet at 0.39% WO3 (including 5.5 feet at 0.82% WO3) in hole AT25-08, 26.2 feet at 0.33% WO3 in AT25-09, and 10 feet at 0.80% WO3 in AT25-10."The results from the second drill station on the D-Level further reinforce the continuity and scale of the tungsten-silver vein system at the IMA Mine," said Ali Haji, CEO of American Tungsten. "The consistent mineralization widths encountered across all drillholes support our understanding of the vein geometry and its extension up-dip and along strike from historical workings. These results provide continued confidence as we systematically advance drilling to define a modern, mineable resource."Current drilling at the IMA Mine is conducted from a new exploration drift in the footwall of the vein system, targeting historical mineral reserves and extending mineralization limits up-dip and along strike. American Tungsten is advancing the Idaho project toward definition of a modern resource, with additional completed drillhole assays pending.Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) released an updated Preliminary Economic Assessment for its 100%-owned Tonopah West silver-gold project in Nevada, delivering an After-Tax IRR of 28% and NPV5% of US$437 million on initial capex of US$190 million across an 11.2-year mine life. Indicated resources increased 90% to 40.2 million AgEq ounces at 454 g/t AgEq, with average annual production of 7.1 million AgEq ounces at AISC of US$17.44 per ounce."When we published our inaugural preliminary economic assessment 18 months ago, every ounce in the mine plan was inferred. Today we are presenting a high-confidence project underpinned by a substantial indicated resource base of 40.2 million silver equivalent ounces, nearly double what we reported in our previous resource estimate," said Andrew Pollard, President and CEO of Blackrock Silver.Anchored at US$31 per ounce silver and US$2,700 per ounce gold, Blackrock Silver projects after-tax life-of-mine cash flow of US$778 million with a payback period of 3.5 years. An inferred resource of 83 million AgEq ounces and an open vein system support continued resource expansion.FURTHER READING: https://equity-insider.com/2025/10/02/the-goldhaven-story-two-continents-one-strategy-systematic-historic-gold-district-exploration-2/CONTACT:
Equity Insider
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity-Insider is wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for Baystreet.ca Media Corp. ("BAY"), who has been paid a fee for an advertising campaign. MIQ has not been paid a fee for GoldHaven Resources Corp. advertising or digital media, but the owner/operators of MIQ also co-owns BAY. There may also be 3rd parties who may have shares of GoldHaven Resources Corp. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by GoldHaven Resources Corp. The scientific and technical information disclosed in this document have been reviewed and approved by two Qualified Persons (QPs). The Copeçal Technical Report identifies Jean-Marc Lopez, B.Sc., FAusIMM, as the Qualified Person responsible for the report. The report "GoldHaven Resources Completes Summer Exploration Programs" states that the technical information has been reviewed and approved by Jonathan Victor Hill, B.Sc. Hons, FAusIMM, an independent Qualified Person and Country Manager of GoldHaven. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://silverinstitute.org/wp-content/uploads/2026/04/World-Silver-Survey-2026.pdf https://thehub.ca/2026/04/21/canada-signs-over-20-critical-mineral-deals-but-faces-12-billion-u-s-challenge-to-turn-diplomacy-into-mines/ https://thedeepdive.ca/bank-of-america-sees-silver-surging-to-309-in-extreme-scenario-as-supply-deficit-deepens/ https://theoregongroup.com/commodities/tungsten/why-tungsten-prices-are-rising-so-fast-inside-the-supply-crunch/Logo: https://mma.prnewswire.com/media/2840019/Equity_Insider_Logo.jpg View original content:https://www.prnewswire.com/news-releases/six-years-of-silver-deficits-meet-a-sovereign-mineral-scramble-302765340.html Original: Six Years of Silver Deficits Meet a Sovereign Mineral Scramble

Americas Gold and Silver Provides Notice of First Quarter 2026 Results and Conference CallMay 1, 2026 1:33 PM
NewsfileToronto, Ontario--(Newsfile Corp. - May 1, 2026) - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), a growing North American precious metals and antimony producer, is pleased to announce that senior management will host a conference call / webcast on May 15, 2026 at 10:00 a.m. (Eastern Time) to discuss the Company's first quarter 2026 results. The access information is provided below. Date: May 15, 2026
Time: 10:00 a.m. (Eastern Time)
Webcast link: https://www.gowebcasting.com/14708
Live dial in - North American callers please dial: 1-800-715-9871
Live dial in - International callers please dial: 1-647-932-3411Americas plans to issue a news release containing first quarter 2026 results after markets close in North America on Thursday, May 14, 2026.A recording of the conference call will be available for replay through the above webcast link and on the events page of Americas website, or for a one-week period beginning at approximately 1:00 p.m. (Eastern Time) on May 15, 2026, through the following dial in numbers:Replay dial in - North American callers please dial: 1-800-770-2030; Playback ID: 4755531#
Replay dial in - International callers please dial: 1-647-362-9199; Playback ID: 4755531#About Americas Gold and Silver CorporationAmericas Gold and Silver is a rapidly growing North American mining company producing silver, copper, lead, and antimony from high-grade operations in the U.S. and Mexico. In December 2024, Americas acquired 100% ownership of the Galena Complex (Idaho) in a transaction with Eric Sprott, former 40% Galena owner, becoming Americas' largest shareholder. This transaction consolidated Galena as a cornerstone U.S. silver asset and the nation's largest antimony mine. In December 2025, Americas acquired the fully permitted, past-producing Crescent Silver Mine (9 miles from Galena) with the world's 3rd highest-grade silver resource, creating significant potential future synergies through shared infrastructure and processing. In February 2026, Americas formed a 51/49 joint venture with US Antimony to build a new antimony processing hub at Galena, creating a U.S. "mine-to-finished product" antimony solution. Americas also owns and operates the Cosalá Operations in Sinaloa, Mexico. Americas is fully funded to aggressively grow production at the Galena Complex, Crescent and in Mexico with an aim to be a leading North American silver producer and a key source of U.S.-produced antimony.For more information:Miranda Powell
Manager, Communications
M: +1-775-771-8832
E: ir@americas-gold.com
W: americas-gold.comCautionary Statement on Forward-Looking InformationThis news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas' expectations, intentions, plans, assumptions, and beliefs with respect to anticipated ability to increase shareholder value and attract additional global institutional investment to the Company by an increase in liquidity through inclusion on the GDXJ and are subject to the risks and uncertainties outlined below. Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate," "believe," "expect," "goal," "plan," "intend," "potential," "estimate," "may," "assume," and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas to be materially different from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to the risk factors relating to the Company found under the heading "Risk Factors" in the Company's Annual Information Form dated March 31, 2025 or the Company's MD&A for the three and nine months ended September 30, 2025; interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development, or production; general economic conditions and conditions affecting the mining industry; the uncertainty of regulatory requirements and approvals; potential litigation; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; risks associated with the mining industry generally, such as economic factors (including future commodity prices, currency fluctuations, and energy prices), ground conditions, failure of plant, equipment, processes, and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in grade or recovery rates, permitting timelines, capital expenditures, reclamation activities, labor relations; and risks related to changing global economic conditions and market volatility. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward-looking information is available in Americas' filings with the Canadian Securities Administrators on SEDAR+ and with the SEC. Americas does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events, or other such factors which affect this information, except as required by law. Americas does not give any assurance (1) that Americas will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward-looking information concerning Americas are expressly qualified in their entirety by the cautionary statements above.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295517
Original: Americas Gold and Silver Provides Notice of First Quarter 2026 Results and Conference Call

Americas Gold and Silver Announces Fourth Major New Discovery at the Galena Complex, Identifying Six New High-Grade Silver-Copper-Antimony Veins Including 1,392 g/t Ag, 1.5% Cu and 1.5% Sb over 1.9mApril 30, 2026 6:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - April 30, 2026) - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), a growing North American precious metals and antimony producer, is pleased to announce additional exploration drilling results at the Galena Complex, marking its fourth major new discovery driving significant growth in the vicinity of the recently discovered 149 Vein Complex (see Americas' news release dated August 22, 2025).Exploration diamond drilling from the 4300 Level of the Galena Mine, completed in Q1 2026, has defined up to six new high-grade silver-copper-antimony splays located approximately 150 meters southwest of the high-grade 149 Vein. This area, known as the "43L-TJ Vein Complex", is composed of a series of silver-copper-antimony ± lead veins, which have been discovered within 25 meters of current mine infrastructure. As a result, the Galena team is currently planning follow-up drilling as well as an exploration drift into the 43L-TJ Vein area to better understand structural controls on mineralization and fast-track future production from the 4300 level.Paul Andre Huet, Chairman and CEO, commented: "Our team at Galena continues to deliver impressive new discoveries at our flagship operation. The discovery of six new high-grade silver-copper-antimony veins at the 43L-TJ Vein Complex is advancing on a similar trajectory to our 034 Vein discovery mid last year, which has already added material ounces to our 2025 resource update and is now in development to prepare for future production. These are the strengths of pairing an aggressive drill campaign, strong team and large exploration budget with the tremendous amount of infrastructure already in place at Galena, a world class operation. "This marks our fourth major new discovery and highlights four high-grade discoveries in just one year of drilling, underscoring the significant untapped potential across the Galena Complex. Located just 25m from existing infrastructure, the 43L-TJ Vein is wide open for expansion and will remain a focus of our team to aggressively advance this high-grade opportunity in 2026."Galena has a long and storied history of silver, copper, lead and antimony production and this new discovery is a true testament to the outstanding growth potential of our Idaho assets, with grades that highlight the Galena Complex as one of the highest-grade silver operations globally."The 43L-TJ Vein Complex was discovered while completing infill and step-out drilling targeting the 149 Vein Complex (see Americas' news release dated August 22, 2025). The Company has intersected significant grades in six core holes to date. Key intercepts from the campaign, reported with true widths, are listed in Table 1 below:Table 1: Key Intercepts returned from drilling in the 43L-TJ Vein ComplexHole #Width (m)*Ag (g/t)Pb (%)Cu (%)Sb (%)Vein43-3571.91,3921.91.51.543L-TJ43-3661.01,3132.61.41.143L-TJ43-3100.72,5630.31.81.443L-TJ43-3581.78323.81.41.643L-TJ43-2990.94705.81.221.543L-TJ43-2950.53,7140.13.9N/A43L-TJ *Note: Reported intercepts are estimated true widths.
A full table of drill results can be found at:https://americas-gold.com/site/assets/files/4297/dr20260430.pdfFigure 1: (L) Long section view of the Galena Complex showing highlight drill results from the 43L-TJ Vein Complex as well as past intercepts at the 034 Vein, 149 Vein and 520 Vein Complex discoveries To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5082/294824_748c688fc4fbc985_002full.jpgAbout Americas Gold and Silver CorporationAmericas Gold and Silver is a rapidly growing North American mining company producing silver, copper, lead, and antimony from high-grade operations in the U.S. and Mexico. In December 2024, Americas acquired 100% ownership of the Galena Complex (Idaho) in a transaction with Eric Sprott, former 40% Galena owner, becoming Americas' largest shareholder. This transaction consolidated Galena as a cornerstone U.S. silver asset and the nation's largest antimony mine. In December 2025, Americas acquired the fully permitted, past-producing Crescent Silver Mine (9 miles from Galena) creating significant potential future synergies through shared infrastructure and processing. In February 2026, Americas formed a 51/49 joint venture with US Antimony to build a new antimony processing hub at Galena, creating a U.S. "mine-to-finished product" antimony solution. Americas also owns and operates the Cosalá Operations in Sinaloa, Mexico. Americas is fully funded to aggressively grow production at the Galena Complex, Crescent and in Mexico with an aim to be a leading North American silver producer and a key source of U.S.-produced antimony.For more information:Miranda Powell
Manager, Communications
Americas Gold and Silver Corporation
+1 (775) 771-8832Technical Information and Qualified PersonsThe scientific and technical information relating to the operation of the Company's material operating mining properties contained herein has been reviewed and approved by Rick Streiff, Certified Professional Geologist (CPG#11108), EVP, Geology of the Company. The Company's current Annual Information Form and the NI 43-101 Technical Reports for its other material mineral properties, all of which are available on SEDAR+ at www.sedarplus.ca, and EDGAR at www.sec.gov, contain further details regarding mineral reserve and mineral resource estimates, classification and reporting parameters, key assumptions and associated risks for each of the Company's material mineral properties, including a breakdown by category.The diamond drilling program used NQ-size core and BQ-size core. The Company's standard QA/QC practices were utilized to ensure the integrity of the core and sample preparation at the Galena Complex through delivery of the samples to the assay lab. The whole core was stored in a secure facility, photographed, logged and sampled based on lithologic and mineralogical interpretations. Standards of certified reference materials, field duplicates and blanks were inserted as samples shipped with the core samples to the lab.Analytical work was carried out by American Analytical Services Inc. ("AAS") located in Osburn, Idaho, or SVL Analytical located in Kellogg Idaho. AAS and SVL are independent, ISO-17025 accredited laboratories. Sample preparation includes a 30-gram pulp sample analyzed by atomic absorption spectrometry ("AA") techniques to determine silver, copper, and lead, using aqua regia for pulp digestion. Samples returning values over 514 g/t Ag are re-assayed using fire-assay techniques for silver. Additionally, samples returning values over 23% Pb are re-assayed using titration techniques.Duplicate pulp samples are sent out quarterly to ALS Global, an independent, ISO-17025 accredited laboratory based in Reno, Nevada to perform an independent check analysis. A conventional AA technique was used for the analysis of silver, copper and lead at ALS Global with the same industry standard procedures as those used by AAS. The assay results listed in this report did not show any significant contamination during sample preparation or sample bias of analysis.All mining terms used herein have the meanings set forth in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), as required by Canadian securities regulatory authorities. These standards differ from the requirements of the SEC that are applicable to domestic United States reporting companies. Any mineral reserves and mineral resources reported by the Company in accordance with NI 43-101 may not qualify as such under SEC standards. Accordingly, information contained in this news release may not be comparable to similar information made public by companies subject to the SEC's reporting and disclosure requirements.Cautionary Statement on Forward-Looking InformationThis news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas' expectations, intentions, plans, assumptions, and beliefs with respect to, among other things, the potential for further institutional investor interest in the Company, the potential incorporation of the 034 Vein Complex into mine plans at the Galena Complex, and the ability to expand production at the vein complex, the estimated continuity of the 034 Vein Complex, the potential quantity and grade of the exploration target, and the anticipated timing and results of ongoing and planned exploration drilling at the Galena Complex, statements about the Company's exploration strategy, enhancement mill feed quality and operational efficiency, and anticipated ability to increase shareholder value and are subject to the risks and uncertainties outlined below. Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate," "believe," "expect," "goal," "plan," "intend," "potential," "estimate," "may," "assume," and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas to be materially different from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to the risk factors relating to the Company found under the heading "Risk Factors" in the Company's Annual Information Form dated March 31, 2025 or the Company's MD&A for the three and six months ended June 30, 2025 dated August 11, 2025; interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development, or production; general economic conditions and conditions affecting the mining industry; the uncertainty of regulatory requirements and approvals; potential litigation; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; risks associated with the mining industry generally, such as economic factors (including future commodity prices, currency fluctuations, and energy prices), ground conditions, failure of plant, equipment, processes, and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in grade or recovery rates, permitting timelines, capital expenditures, reclamation activities, labor relations; and risks related to changing global economic conditions and market volatility. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward-looking information is available in Americas' filings with the Canadian Securities Administrators on SEDAR+ and with the SEC. Americas does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events, or other such factors which affect this information, except as required by law. Americas does not give any assurance (1) that Americas will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward-looking information concerning Americas are expressly qualified in their entirety by the cautionary statements above.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294824
Original: Americas Gold and Silver Announces Fourth Major New Discovery at the Galena Complex, Identifying Six New High-Grade Silver-Copper-Antimony Veins Including 1,392 g/t Ag, 1.5% Cu and 1.5% Sb over 1.9m

Americas Gold and Silver Corporation Provides Update on Significant Capital Projects Underway at Galena Complex as Part of Its Growth and Optimization Strategy in the Silver ValleyApril 27, 2026 6:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - April 27, 2026) - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (the "Company" or "Americas") is pleased to provide a progress update on the status of the Company's growth-related capital projects in support of its material growth plans at the Galena Mine and recently acquired Crescent Mine (together knowns as the "Galena Complex). The capital projects outlined are included in the Company's previously announced growth capital budget of between US$60 - US$80 million (see release dated March 30, 2026). Highlighted major progress has been made on:Paste Backfill Plant (Galena Mine): Major equipment is in fabrication with deliveries beginning June 2026, site preparation nearing completion, and commissioning targeted for Q4 2026. The plant is designed to accelerate backfill cycle time by ~250% and support higher-rate Long Hole Stope mining with a planned paste output of 93 short tons per hour (stph).No. 3 Shaft Hoisting Upgrades: Phase 1 upgrades are complete and Phase 2 is underway, positioning the shaft to increase hoisting throughput by ~150% to ~105 stph and total hoisting capacity to 1,350 short tons per day (stpd), materially de-risking growth and supporting higher ore production in 2026 and beyond.Fiber Optic and Communications: Installation of fiber optics and leaky feeder communications is progressing down No. 3 Shaft, enabling real-time equipment tracking, automation of pumps and fans, and mine-wide connectivity, with full mine coverage targeted by Q4 2026.Galena Shaft Repurposing: Engineering and liner fabrication are underway to repurpose the idle Galena Shaft into a critical long-term infrastructure corridor for paste, power, air, water, and electrical services, supporting large-scale future production growth across the Galena Complex.Galena Mill Upgrades and Expansion: Crusher upgrades are complete, and new flotation cells have been ordered, with initiatives underway to restart the third mill and increase total milling capacity from 750 stpd to 1,200 stpd by the end of 2026.Crescent Mine Rehabilitation and Development: All critical safety, power, ventilation, communications, and water systems have been restored, more than 650 feet of development completed in Q1 2026, drilling commenced, and a further ~2,000 feet of development is planned for Q2 2026 to support resource drilling and future mining.Galena Full Potential Program: The continuous improvement program has already delivered strong early gains, including a 15% hoisting productivity uplift, 8-14% improvements in mobile equipment availability, and demonstration of 35% higher maximum mill throughput, laying the foundation for sustained step-change performance as the Galena Complex scales up production.Paul Andre Huet, Chairman and CEO, commented: "I am extremely pleased with the pace of our growth and continuous improvement initiatives at Galena. 2025 was a year in which we reviewed, analyzed and developed the strategic plan and projects required to unlock the tremendous value of the large Galena Complex. We were able to commence several of these projects last year, most notably the Phase 1 upgrades to the No. 3 hoist and the commencement of Long Hole Stoping. Our project roadmap in 2026 builds upon the initial successes achieved in 2025 and adds several new ambitious and impactful projects to our strategy. This year will see further major upgrades at the Galena Complex, revitalization of the Crescent Mine and continuous improvement efforts across all our operations. Regarding the projects underway, Phase 2 of the No. 3 hoist upgrade is in progress, which we expect to increase total (ore+waste) hoisting capacity to 1,350 stpd, truly debottlenecking our skipping capabilities at the heart of our operation. In order to provide the support needed to a much larger future operation, we are also repurposing the Galena Shaft which has been idle since 2015 - this repurposing will allow us to extend critical services and ventilation to all areas of the mine as we expand our operation in the years ahead.Our transition to Long Hole Stoping is progressing very well, with nine panels mined to date. In support of increased mining rates, which are now chasing both expanded hoisting and milling capacity, we are well underway with the addition of a surface paste fill plant. Once commissioned in Q4 2026, this plant will provide a 250% reduction in stope cycle time, improved safety performance and productivity - a major step forward. On surface we are also completing upgrades and improvements to our Galena mill which are expected to improve both reliability and capacity from 750 stpd to 1,200stpd by the end of the year. Modernizing Galena with the addition of mine-wide fibre optics, leaker feeders and wifi will bring real-time monitoring and equipment automation benefits that are expected to drive further productivity improvements and efficiencies. All of this is tied together with a culture of continuous improvement and optimization. I am very proud of our Galena team for the numerous improvements achieved in the last year and I am encouraged by the improvements to hoist scheduling, equipment availability and mill performance already realized in this year's program. Overall, our revitalization and transformation of the Galena Complex is tracking very well and we look forward to providing additional updates on our major projects as we progress this year. The future is certainly bright in the Silver Valley of Idaho."Paste Backfill Plant - Basis for Increased Long Hole StopingDevelopment of a paste backfill plant at the Galena Mine is a key infrastructure initiative aimed at improving underground safety, enabling higher production rates, and supporting the ongoing adoption of Long Hole Stope mining.Paste backfill is produced by blending dewatered whole mill tailings with a controlled proportion of cementitious binder, after which the mixture is hydraulically placed underground to fill mined-out voids. Laboratory testing has confirmed that Galena's tailings are suitable for underhand backfill applications, supporting the design of a system aligned with the planned concentrator throughput of 1,200 stpd.The plant will incorporate major equipment, including a thickener (GKD), filter press (Ishigaki), and mixing plant (Custom Concrete), all of which are currently in fabrication with deliveries scheduled to begin in June 2026. Site preparation commenced in February and is expected to be completed in April, followed by civil construction start-up in May, beginning with laying the filter press foundation.Commissioning of the full plant is targeted for the fourth quarter of 2026. Once operational, the facility will have the capacity to deliver approximately 93 stph of paste backfill to the mine's production areas and is expected to accelerate the backfill cycle time by approximately 250%. Total capital for the paste fill plant project is forecasted at US$11.9 million.Figure 1: Major components of the Galena paste backfill plant designTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5082/294331_amgldfig14262026.jpgGalena No 3 Shaft Upgrades - Tripling Primary Hoisting CapacityThe No. 3 Shaft serves as Galena's primary production shaft for both personnel and materials and is currently undergoing a significant upgrade to enhance hoisting capacity and speed. Phase 1 of the upgrade was completed in the third quarter of 2026, during which the previous 1,750-horsepower motor was replaced with a 2,250-horsepower unit. This upgrade enabled an increase in hoisting skip capacity from 5 tons to 7 tons from the 5500 level, the lower levels of the mine. As a material step towards de-risking future operations, an additional motor has been secured and is now in place as a critical spare.Phase 2 upgrades at the No. 3 Shaft began in early April and are expected to be completed by mid May, with an estimated two-week shutdown to complete final tie-ins. The Phase 2 upgrades include implementing a new braking system to support the higher hoisting speeds enabled by the Phase 1 motor upgrade. The Improved braking will enable faster hoisting speeds by increasing braking efficiency in the end zones and is expected to boost throughput from 42 stph to approximately 105 stph-an increase of 150%. Once completed, the upgrades are expected to result in total hoisting capacity of 1,350 stpd, including a planned average of 650 stpd of ore for the balance of 2026. Capital for Phase 2 of the No. 3 Shaft Upgrades in 2026 is expected to total $1.1 million.Figure 2: Galena No. 3 Shaft Phase 1 upgrade with new 2,250 hp hoist motor and; Phase 2 braking and Lilly control system upgradesTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5082/294331_amgldfig24262026.jpgFiber Optics - Modernizing CommunicationNew communications infrastructure is being installed down No. 3 Shaft to replace the outdated single cable system at the mine. The new system includes a leaky feeder network and fiber optics extending from the surface control room to all levels of the mine. The objective is to enhance mine-wide communication, enable real-time tracking and monitoring of equipment, and support the automation of pumps and fans.By the end of April 2026, fiber optics will be installed from the surface down to the 3700 level and across the 5500 level, with installation expected to reach all parts of the mine by Q4 2026 for a total capital budget of US$1.3M. The upgraded communications system will be commissioned progressively as it reaches each level.Galena Shaft - Repurposing an Underutilized ArteryThe Galena shaft has remained idle since 2015. A trade-off study was completed in 2025 on how best to maximize the potential of the underutilized infrastructure. The results of the study involve completing a significant upgrade to support the increased demands on utilities and ventilation of a much larger-scale future operation. Work has begun to repurpose the Galena shaft for long-term future use by installing a new liner through which key mine services will be routed, including new paste lines, compressed air, water, and electrical feeder cables. Advanced engineering began in Q1 2026, with liner fabrication commenced in April. Installation of a bulkhead at the 2400 level is expected to be completed in Q2 2026, with full liner installation targeted for completion by Q4 2026, after which key mine services are planned to be installed. The result will provide the critical support needed to scale operations well into the future across the Galena Complex. The Galena Shaft repurposing project is expected to total US$7.3 million.Figure 3: Conceptual rendering of the repurposed Galena Shaft with new liner system designed to route paste lines, compressed air, water, and electrical services in support of large-scale future operations.Cannot view this image? Visit:
https://images.newsfilecorp.com/files/5082/294331_amgldfig34262026.jpgGalena Mill Upgrades - Expanding Throughput and Improving ReliabilityIn late 2025, the primary cone crusher at the Galena Mill was upgraded to improve mill reliability and throughput. Following the upgrade, engineering work commenced in Q1 2026 to assess overall mill capacity and support the restart of the previously decommissioned third ball mill. Together, these initiatives are expected to increase total milling capacity at the Galena Mill from 750 stpd to 1,200 stpd by the end of 2026. Upgrades to the Galena Mill circuit are also underway, with new flotation cells ordered from Metso to replace the existing units. Delivery of the new cells is anticipated in Q4 2026. The total capital budget for Galena Mill Upgrades is US$4.8M.Crescent Mine - Development and Upgrades Progressing on ScheduleAt Crescent, rehabilitation initiatives have been well underway since its acquisition in late 2025, with critical utility infrastructure installed and restored across Hooper Adit, BC4, and the Countess adit areas.Safety Systems Restored: Stench warning system re-established at Hooper, BC4, and Countess, cap and powder magazines re-established, and refuge stations restored and fully operational - all critical life-safety systems are back online.Power & Energy: Power cable run from BC4 to Hooper Adit, eliminating the costly diesel-powered generator and restoring grid power across Hooper, BC4, and Countess (see Americas news release dated January 8).Air and Ventilation: Air line run from BC4 to Hooper Adit. Ventilation and compressed air were fully restored throughout Hooper, BC4, and the Countess, enabling drilling and all pneumatic operations underground.Communications and Water: Fiber optic cable run up the mountain providing reliable high-speed communication. Water systems restored across all three portals, supporting both operations and safety systems.With critical infrastructure established, capital development activities progressed across multiple headings during the Q1 2026, totaling Approximately 650 feet of development. An additional 2,000 feet of development is planned for Q2 2026. Drilling operations have commenced both on surface and underground marking a major operational milestone. The drill program is now actively generating data to support resource definition and mine planning.Building on the substantial revitalization progress achieved at Crescent, focus will continue on capital development, structural development testing, and critical infrastructure upgrades that will unlock expanded drilling and future mining capacity, including the planned introduction of Long Hole Stoping into the mine plan. Total capital budgeted for Crescent in 2026 is US$30 - US$40 million and is included in the previously announced growth capital guidance range of US$60 - US$80 million. Galena Full Potential Program - Maximizing Efficiencies and Optimizing PerformanceFollowing on the strong improvements seen in 2025, the Company has launched the 2026 Galena Full Potential Program aimed at achieving a further step change in mine throughput and productivity. The initiative also focuses on building the systems, processes, and continuous improvement culture needed to support sustained growth. Since the launch of the program in Q1 2026, Americas has defined new hoist schedules that unlock 90% more productive hours (15% uplift realized), reached new maximums in mobile equipment availability (8-14% uplift), modernized data collection, tracking, reporting, and utilization across all departments, and demonstrated new maximum capabilities in mill throughput (35% uplift on previous daily maximum performance). About Americas Gold and Silver CorporationAmericas Gold and Silver is a rapidly growing North American mining company producing silver, copper, lead, and antimony from high-grade operations in the U.S. and Mexico. In December 2024, Americas acquired 100% ownership of the Galena Complex (Idaho) in a transaction with Eric Sprott, former 40% Galena owner, becoming Americas' largest shareholder. This transaction consolidated Galena as a cornerstone U.S. silver asset and the nation's largest antimony mine. In December 2025, Americas acquired the fully permitted, past-producing Crescent Silver Mine (9 miles from Galena) creating significant potential future synergies through shared infrastructure and processing. In February 2026, Americas formed a 51/49 joint venture with US Antimony to build a new antimony processing hub at Galena, creating a U.S. "mine-to-finished product" antimony solution. Americas also owns and operates the Cosalá Operations in Sinaloa, Mexico. Americas is fully funded to aggressively grow production at the Galena Complex, Crescent and in Mexico with an aim to be a leading North American silver producer and a key source of U.S.-produced antimony.For further information, please contact: Miranda Powell - Manager, CommunicationsM: +1-775-771-8832
E: ir@americas-gold.com
W: americas-gold.comCautionary Statement on Forward-Looking Information:This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas' expectations, intentions, plans, assumptions and beliefs with respect to, among other things, estimated and targeted production rates and results for gold, silver and other metals, the expected prices of gold, silver and other metals, as well as the related costs, expenses and capital expenditures; production from the Galena Complex, including the Crescent Mine and Cosalá Operations, including the expected number of producing stopes and production levels; the expected timing and completion of required development and the expected operational and production results therefrom, including the anticipated improvements to production rates and cash costs per silver ounce and all-in sustaining costs per silver ounce; statements relating to Americas' EC120 Project; and statements relating to implementation of, and the impact of new management on, the planned recapitalization of Galena Complex. Guidance and outlook references contained in this press release were prepared based on current mine plan assumptions with respect to production, development, costs and capital expenditures, the metal price assumptions disclosed herein, and assumes no further adverse impacts to the Cosalá Operations from blockades or work stoppages, and completion of the shaft repair and shaft rehab work at the Galena Complex on its expected schedule and budget, the realization of the anticipated benefits therefrom, and is subject to the risks and uncertainties outlined below. The ability to maintain cash flow positive production at the Cosalá Operations, which includes the EC120 Project, through meeting production targets and at the Galena Complex through implementing the Galena Recapitalization Plan, including the completion of the Galena shaft repair and shaft rehab work on its expected schedule and budget, allowing the Company to generate sufficient operating cash flows while facing market fluctuations in commodity prices and inflationary pressures, are significant judgments in the consolidated financial statements with respect to the Company's liquidity. Should the Company experience negative operating cash flows in future periods, the Company may need to raise additional funds through the issuance of equity or debt securities. Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate", "believe", "expect", "goal", "plan", "intend", "potential', "estimate", "may", "assume", "would", "could", "seek", "propose" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors beyond the Company's ability to control or predict that may cause the actual results, level of activity, performance, or achievements of Americas or developments in the Company's business or in its industry to be materially different from those expressed or implied by such forward-looking information. With respect to the business of Americas, these risks and uncertainties include risks relating to widespread interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development or production; general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; potential litigation; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; the ability to operate the Company's projects; and risks associated with the mining industry such as economic factors (including future commodity prices, currency fluctuations and energy prices), ground conditions, illegal blockades and other factors limiting mine access or regular operations without interruption, failure of plant, equipment, processes and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in ore grade or recovery rates, permitting timelines, capital and construction expenditures, reclamation activities, labor relations or disruptions, social and political developments, risks associated with generally elevated inflation and inflationary pressures, risks related to changing global economic conditions, and market volatility, risks relating to geopolitical instability, political unrest, war, and other global conflicts may result in adverse effects on macroeconomic conditions including volatility in financial markets, adverse changes in trade policies, inflation, supply chain disruptions and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward-looking information is available in Americas' filings with the Canadian Securities Administrators on SEDAR+ and with the SEC. Americas does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Americas does not give any assurance (1) that Americas will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward-looking information concerning Americas are expressly qualified in their entirety by the cautionary statements above.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294331
Original: Americas Gold and Silver Corporation Provides Update on Significant Capital Projects Underway at Galena Complex as Part of Its Growth and Optimization Strategy in the Silver Valley

The Multi-Front Strategy Powering Junior Polymetallic Exploration in 2026April 16, 2026 11:00 AM
PR Newswire (Canada)

Issued on behalf of GoldHaven Resources Corp.Equity-Insider.com Sector CommentaryVANCOUVER, BC, April 16, 2026 /CNW/ -- Gold exploration budgets jumped 11% to $6.2 billion in 2025, now accounting for half of all global spending[1]. That sounds bullish until you realize where the money is going: companies are drilling around existing mines, not hunting for new deposits. Meanwhile, silver is staring down its sixth straight year of supply deficits, with 67 million ounces expected to drain from above ground stockpiles in 2026 alone[2]. Governments from Washington to Beijing have classified the metal as strategically critical. In this tightening landscape, a handful of juniors are running a different playbook: GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF), Americas Gold and Silver (NYSE-A: USAS) (TSX: USA), Hycroft Mining (NASDAQ: HYMC), NevGold (TSXV: NAU) (OTCQX: NAUFF), and GoGold Resources (TSX: GGD) (OTCQX: GLGDF) are building multi-front exploration pipelines across multiple jurisdictions and geological targets at the same time.  The math favors this approach. J.P. Morgan projects gold averaging $5,055 per ounce by Q4 2026, with a bull case stretching to $6,000 as central banks and investors keep buying[3]. Grassroots exploration, the earliest stage work where new deposits actually get found, has collapsed to a record low 21% of global budgets[4]. That bottleneck creates asymmetric upside for juniors running parallel drill programs across underexplored ground, where geological diversification multiplies the odds of a discovery catalyst.GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) has engaged Dias Airborne Limited to fly a 1,741 line-kilometre high-resolution magnetic survey across its flagship Magno Project in northern British Columbia. The survey is expected to begin in June 2026 and run for approximately 14 days, covering the company's highest-priority target corridors at tight 100-metre line spacing.This marks the first modern property-wide geophysical survey over the consolidated Magno land package, which now spans more than 37,200 hectares after the company recently filed a technical report on three newly acquired mineral claims added to the Magno Project. The airborne program will focus on the Magno Zone, Kuhn Zone, and D Zone, where surface sampling has already returned silver values up to 2,370 grams per tonne, tungsten up to 6,550 parts per million, and indium concentrations reaching 334 parts per million.GoldHaven selected Dias based on the geological similarities between Magno and Hercules Metals' Leviathan discovery in Idaho, where the same QMAGT sensor platform helped refine concealed drill targets that led to discovery success. The technology uses superconducting quantum interference device sensors to measure the full tensor of the Earth's magnetic field, providing sharper resolution than conventional magnetic surveys. The company is also evaluating a follow-on ground-based 3D IP survey to further sharpen subsurface targeting before drill mobilization."This survey represents a major step forward in systematically unlocking the district-scale potential of Magno," said Rob Birmingham, CEO of GoldHaven. "By integrating modern high-resolution geophysics with our growing geological database and 2025 surface discoveries, we believe we are significantly improving our ability to define high-confidence drill targets across multiple mineralized systems at Magno."The company has already submitted its drill permit application for a 2026 program targeting three high-grade zones carrying silver, tungsten, lead, zinc, and indium mineralization. A $1.72 million flow-through financing is underway to fund 2026 exploration. Tungsten is classified as a critical mineral by both the Canadian and U.S. governments, and Canada currently has no primary domestic tungsten production.GoldHaven is running two active exploration pipelines. At its Copeçal Gold Project in Mato Grosso, Brazil, the company recently completed its first diamond drilling program confirming gold and copper anomalism, with Phase 2 drilling scheduled for mid-Q2 2026. Between Magno's emerging multi-system critical minerals story and a 123,900-hectare Brazilian portfolio spanning three projects, GoldHaven offers investors exposure to diversified discovery potential at a stage where most juniors remain focused on a single asset.CONTINUED… Read this and more news for GoldHaven Resources at:
https://equity-insider.com/2025/10/02/the-goldhaven-story-two-continents-one-strategy-systematic-historic-gold-district-exploration-2/In other industry developments:Americas Gold and Silver (NYSE-A: USAS) (TSX: USA) reported a strong resource update, with consolidated silver M&I Mineral Resources rising 10% to 115.7 million ounces while the flagship Galena Complex in Idaho posted a 19% increase in M&I resources to 87.9 million ounces at 501 g/t silver, a 21% grade improvement year over year. The company also announced two major new vein discoveries at Galena and a near-surface high-grade find at its Cosalá operations in Mexico."In our new M&I Resource at Galena, we have seen very strong ounce growth of 19% year over year with a tremendous 21% improvement in grades to 501g/t silver," said Paul Andre Huet, Chairman and CEO of Americas Gold and Silver. "This increase across the board demonstrates what Galena has already done for over 100 years of mining history: replace depletion, add ounces and continue to establish itself as one of the highest grade primary silver systems in the world."Looking ahead, the company has launched its largest-ever exploration drilling campaign, targeting 64,000 meters across its properties with a budget of up to $20 million in 2026, underpinned by multiple new high-grade targets at both Galena and Cosalá.Hycroft Mining (NASDAQ: HYMC) reported high-grade drill results from its 2025-2026 exploration program at the Hycroft Mine in Nevada, confirming the Brimstone silver system extends approximately 150 meters deeper than previously identified. Standout intercepts include 542.78 g/t silver over 35.5 meters, including 1,187.29 g/t silver over 14.8 meters, and 358.15 g/t silver over 11.2 meters, with the system remaining open at depth and along lateral extensions."These latest drill results are very exciting and continue to demonstrate the scale and potential of the targets we are exploring," said Diane Garrett, President and CEO of Hycroft Mining. "With every hole we drill, our understanding grows, and the broader story continues to unfold. We remain focused and disciplined as we carry out the important work ahead to fully unlock Hycroft's potential."The company currently operates two core rigs at Brimstone and Vortex, with two additional rigs arriving in the coming months to accelerate definition of the high-grade system. Hycroft Mining is also advancing technical studies to transition the Hycroft Mine from historic oxide heap leach operations into a milling operation targeting sulfide mineralization.NevGold (TSXV: NAU) (OTCQX: NAUFF) announced Phase II metallurgical testwork results at the Limousine Butte Project in Nevada, demonstrating up to 99% gold recovery from residual tailings following sequential antimony leaching, and identified additional antimony mineralization at surface in a historical pre-strip waste dump adjacent to the past-producing Golden Butte pit. The results confirm that sequential antimony and gold leaching works effectively on the project's oxide mineralization with minimal impact on gold recoveries."The results from our Phase II antimony and gold metallurgical testwork shows that leaching in sequence on antimony and gold works favorably as we have envisioned and guided to over the past 12 months," said Brandon Bonifacio, CEO of NevGold. "This is a key step in optimizing the metallurgical flowsheet to recover antimony and gold at Limo Butte."NevGold highlighted that the Limousine Butte Project benefits from large, near-surface oxide antimony-gold mineralization amenable to simple sequential leaching, distinguishing it from most global antimony projects where sulphide ore requires concentrate production. Phase I sampling from the pre-strip waste dump is underway with assay results pending.GoGold Resources (TSX: GGD) (OTCQX: GLGDF) has advanced to the execution phase of its Los Ricos South Project in Jalisco, Mexico, launching detailed design activities and initiating orders for long lead items. Key milestones include selection of underground mining contractor Cominvi, plant design 55% complete by M3 Mexicana, SART plant design 70% complete, and a power supply contract secured with utility Comision Federal de Electricidad from the Yesca Hydro dam."The advancement of the Los Ricos underground project marks an important milestone in the growth of the company," said Brad Langille, President and CEO of GoGold Resources. "The progress to date will ensure a quick launching of site construction once the permit is issued, we are shovel ready. We have assembled a strong Mexican team to construct, commission and ramp up production. With approximately $250 million USD in the bank and the cash flow that our Parral operation is generating, we look forward to getting underway in Los Ricos to the benefit of the local community and all the stakeholders."With roughly $250 million USD on hand and ongoing cash flow from its Parral Tailings operation in Chihuahua, GoGold Resources is positioned to move quickly into construction once permitting is complete across its 100% Mexico-based portfolio.FURTHER READING: https://equity-insider.com/2025/10/02/the-goldhaven-story-two-continents-one-strategy-systematic-historic-gold-district-exploration-2/.CONTACT:
Equity Insider
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity-Insider is wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for Baystreet.ca Media Corp. ("BAY"), who has been paid a fee for an advertising campaign. MIQ has not been paid a fee for GoldHaven Resources Corp. advertising or digital media, but the owner/operators of MIQ also co-owns BAY. There may also be 3rd parties who may have shares of GoldHaven Resources Corp. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by GoldHaven Resources Corp. The scientific and technical information disclosed in this document have been reviewed and approved by two Qualified Persons (QPs). The Copeçal Technical Report identifies Jean-Marc Lopez, B.Sc., FAusIMM, as the Qualified Person responsible for the report. The report "GoldHaven Resources Completes Summer Exploration Programs" states that the technical information has been reviewed and approved by Jonathan Victor Hill, B.Sc. Hons, FAusIMM, an independent Qualified Person and Country Manager of GoldHaven. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://www.businessday.co.za/economy/2026-04-09-gold-drives-mining-exploration-as-global-budgets-fall-for-third-year/ https://investingnews.com/daily/resource-investing/precious-metals-investing/silver-investing/silver-forecast/ https://goldsilver.com/industry-news/video/is-there-a-silver-shortage-in-2026-the-data-is-alarming/ https://www.miningvisuals.com/post/2025-global-exploration-budget-by-commodity Logo: https://mma.prnewswire.com/media/2840019/5919891/Equity_Insider_Logo.jpg



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Original: The Multi-Front Strategy Powering Junior Polymetallic Exploration in 2026

Americas Gold and Silver Corporation Announces New Record Quarterly Silver Production and Sales, Including 787,000 Ounces Produced and 830,000 Ounces SoldApril 16, 2026 7:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - April 16, 2026) - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (the "Company" or "Americas") is pleased to announce record consolidated silver production of 787,000 ounces for the first quarter of 2026, an increase of 76% compared to 446,000 ounces in the first quarter of 2025. During the quarter, the Company sold a record 830,000 ounces due to a positive adjustment for timing of concentrate sales. Consolidated lead production for the quarter was 2.0 million pounds, consolidated copper production was 967,000 pounds, and consolidated antimony production was 137,000 pounds. Americas is also proud to report that it has achieved one year with no Lost Time Accidents (LTAs) at its Cosalá mine in Mexico. Production metrics split by operation are outlined in Table 1 below. Table 1: Q1 2026 Production and Sales
GalenaCosaláConsolidated Silver Produced (oz)424,686362,239786,925 Silver Sold (oz)388,664441,223829,887Total Silver Equivalent Produced (oz)¹492,200416,642908,842Total Silver Equivalent Sold (oz)¹449,640507,764957,404Copper Produced (lb)218,103748,449966,552Copper Sold (lb)193,059906,0271,099,086Lead Produced (lb)1,950,014-1,950,014Lead Sold (lb)1,805,540-1,805,540Antimony Produced (lb)137,078-137,078Antimony Sold (lb)121,427-121,427 Silver equivalent ounces (AgEq) produced and sold were calculated based on all metals produced and sold at average realized silver, copper, lead, and antimony prices during each respective period (Q1-2026 consolidated realized prices were US$79.48/oz Ag, US$5.80/lb Cu, US$0.89/lb Pb, and US$11.03/lb Sb).Americas' unaudited consolidated cash balance as at March 31, 2026 was a robust US$122.6 million, on track with expectations as the Company continued to deploy capital into its revitalization and growth plan. During the second quarter, the company is on schedule to complete Phase 2 Upgrades to the No. 3 shaft which will increase skipping speeds to ~105 short tons per hour (stph). The upgrades include installation of the new braking system, a control system upgrade for future automation, a new communication system and semi-autonomous cages. The upgrades will be completed during a planned two week shut down during the quarter. The Company is rapidly improving communication technology throughout the mine which includes new fibre optics cables that will allow for real time tracking of mine equipment, mine-wide communication and future automation of numerous pieces of equipment. Construction of the surface paste fill plant has also commenced on schedule, with initial parts arriving recently at site and preparatory works underway. Paul Andre Huet, Chairman and CEO, commented: "I am extremely pleased with our progress during the first quarter in which the Company achieved not only a new corporate quarterly production record, but also a significant new safety milestone at our Mexican operations: one full year with zero Lost Time Accidents (LTAs). What makes this new record even more exciting is that we are still in the early stages of our growth plans at our flagship Galena Complex where we also recently celebrated one year with no LTAs. Safety remains our highest priority, and these achievements reflect the strong safety culture developed by our teams.The year ahead is pivotal for our operations at Galena with the Phase 2 upgrade at the No. 3 shaft set to begin this month which involves the installation of a new braking system allowing us to increase our skipping speeds to over 100 stph, an approximate 160% increase in hoisting capacity compared to 40 stph in 2024 when the Galena revitalization project began. This upgrade will boost our ore hoisting capability in the No. 3 shaft – a significant step forward for our operations as we continue to ramp up our tonnage resulting from the transition to Long Hole Stoping (LHS). We are also making progress towards the addition of a new surface paste plant, with advanced engineering complete and project construction underway. The new paste fill plant will reduce stope cycle times, allowing us to accelerate our transition to increased LHS. In addition to the substantial capital investments we are making to grow production in a safe and rapid manner, we have also allocated investment for the largest drilling program in Company history with approximately 64,000 metres of exploration and infill drilling planned across our operations. From a production and exploration perspective, Americas' aggressive growth trajectory remains on track to deliver full-year 2026 silver guidance of between 3.2 to 3.6 million ounces at all-in sustaining costs2 of US$30-US$35 per ounce. As previously indicated, the Company expects full year production to be weighted to the second half of the year with associated lower costs as we continue to invest in the growth of our operations. With numerous projects designed and approved in 2025 now well underway, our strong operational start to the year puts us in a favorable position with respect to achieving our goals for 2026 as we continue our growth momentum. We look forward to providing further updates on our various projects and drilling over the course of this year."Non-IFRS: the definition of this measure is included in the Non-IFRS Measures section of Americas Gold and Silver's MD&A for the period ended December 31, 2025.About Americas Gold and Silver CorporationAmericas Gold and Silver is a rapidly growing North American mining company producing silver, copper, lead, and antimony from high-grade operations in the U.S. and Mexico. In December 2024, Americas acquired 100% ownership of the Galena Complex (Idaho) in a transaction with Eric Sprott, former 40% Galena owner, becoming Americas' largest shareholder. This transaction consolidated Galena as a cornerstone U.S. silver asset and the nation's largest antimony mine. In December 2025, Americas acquired the fully permitted, past-producing Crescent Silver Mine (9 miles from Galena) with the world's 3rd highest-grade silver resource, creating significant potential future synergies through shared infrastructure and processing. In February 2026, Americas formed a 51/49 joint venture with US Antimony to build a new antimony processing hub at Galena, creating a U.S. "mine-to-finished product" antimony solution. Americas also owns and operates the Cosalá Operations in Sinaloa, Mexico. Americas is fully funded to aggressively grow production at the Galena Complex, Crescent and in Mexico with an aim to be a leading North American silver producer and a key source of U.S.-produced antimony.For further information, please contact: Miranda Powell - Manager, Communications
M: +1-775-771-8832
E: ir@americas-gold.com
W: americas-gold.comCautionary Statement on Forward-Looking Information:This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas' expectations, intentions, plans, assumptions and beliefs with respect to, among other things, estimated and targeted production rates and results for gold, silver and other metals, the expected prices of gold, silver and other metals, as well as the related costs, expenses and capital expenditures; production from the Galena Complex, including the Crescent Mine and Cosalá Operations, including the expected number of producing stopes and production levels; the expected timing and completion of required development and the expected operational and production results therefrom, including the anticipated improvements to production rates and cash costs per silver ounce and all-in sustaining costs per silver ounce; statements relating to Americas' EC120 Project; and statements relating to implementation of, and the impact of new management on, the planned recapitalization of Galena Complex. Guidance and outlook references contained in this press release were prepared based on current mine plan assumptions with respect to production, development, costs and capital expenditures, the metal price assumptions disclosed herein, and assumes no further adverse impacts to the Cosalá Operations from blockades or work stoppages, and completion of the shaft repair and shaft rehab work at the Galena Complex on its expected schedule and budget, the realization of the anticipated benefits therefrom, and is subject to the risks and uncertainties outlined below. The ability to maintain cash flow positive production at the Cosalá Operations, which includes the EC120 Project, through meeting production targets and at the Galena Complex through implementing the Galena Recapitalization Plan, including the completion of the Galena shaft repair and shaft rehab work on its expected schedule and budget, allowing the Company to generate sufficient operating cash flows while facing market fluctuations in commodity prices and inflationary pressures, are significant judgments in the consolidated financial statements with respect to the Company's liquidity. Should the Company experience negative operating cash flows in future periods, the Company may need to raise additional funds through the issuance of equity or debt securities. Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate", "believe", "expect", "goal", "plan", "intend", "potential", "estimate", "may", "assume", "would", "could", "seek", "propose" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors beyond the Company's ability to control or predict that may cause the actual results, level of activity, performance, or achievements of Americas or developments in the Company's business or in its industry to be materially different from those expressed or implied by such forward-looking information. With respect to the business of Americas, these risks and uncertainties include risks relating to widespread interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development or production; general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; potential litigation; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; the ability to operate the Company's projects; and risks associated with the mining industry such as economic factors (including future commodity prices, currency fluctuations and energy prices), ground conditions, illegal blockades and other factors limiting mine access or regular operations without interruption, failure of plant, equipment, processes and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in ore grade or recovery rates, permitting timelines, capital and construction expenditures, reclamation activities, labor relations or disruptions, social and political developments, risks associated with generally elevated inflation and inflationary pressures, risks related to changing global economic conditions, and market volatility, risks relating to geopolitical instability, political unrest, war, and other global conflicts may result in adverse effects on macroeconomic conditions including volatility in financial markets, adverse changes in trade policies, inflation, supply chain disruptions and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward-looking information is available in Americas' filings with the Canadian Securities Administrators on SEDAR+ and with the SEC. Americas does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Americas does not give any assurance (1) that Americas will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward-looking information concerning Americas are expressly qualified in their entirety by the cautionary statements above.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292656
Original: Americas Gold and Silver Corporation Announces New Record Quarterly Silver Production and Sales, Including 787,000 Ounces Produced and 830,000 Ounces Sold

Why Smart Money Is Chasing Polymetallic Deposits Right NowApril 9, 2026 10:55 AM
PR Newswire (Canada)

Issued on behalf of GoldHaven Resources Corp.USANewsGroup.com News Commentary VANCOUVER, BC, April 9, 2026 /CNW/ -- China just bought more silver in two months than it has in eight years[1], and global stockpiles keep shrinking. The silver market is now heading into its sixth straight annual supply deficit, with inventories getting tapped harder every quarter. At the same time, Washington rolled out Project Vault[2], a $12 billion strategic reserve built to stockpile tungsten, antimony, and other critical minerals that U.S. manufacturers can no longer source reliably. That twin squeeze on silver and critical metals is drawing fresh capital toward five companies sitting on exactly the kind of polymetallic deposits the market is desperate for: GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF), Brixton Metals (TSXV: BBB) (OTCQX: BBBXF), NevGold (TSXV: NAU) (OTCQX: NAUFF), Alkane Resources (TSX: ALK) (OTCQX: ALKEF), and Americas Gold and Silver (NYSE-A: USAS) (TSX: USA).
J.P. Morgan projects silver averaging $81 per ounce this year[3], more than double last year's average, and the physical tightness driving that forecast shows no sign of easing. A new Section 232 executive order is now pushing allied nations to jointly secure critical mineral processing capacity[4], which means explorers and producers with multi-commodity deposits in stable jurisdictions are being repriced as the primary beneficiaries of a structural realignment that still has a long way to run.GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) has submitted its drill permit application for a 2026 program targeting three high-grade zones at its flagship Magno Project in northern British Columbia. The company is chasing silver, tungsten, and base metals across what it believes is shaping up as a district-scale discovery.Two of those zones, the Magno Zone and D Zone, carry high-grade silver-lead-zinc mineralization. Surface samples have returned up to 2,370 grams per tonne silver, greater than 20% lead, and up to 19.25% zinc. The third target, Vines Lake, shifts the focus to tungsten, where samples have come back as high as 6,550 parts per million. Indium, a critical mineral gaining attention from governments and manufacturers alike, showed up at concentrations reaching 334 parts per million. These are grab samples and selective by nature, but the grades explain why GoldHaven is drilling."We are entering an exciting and highly strategic phase at Magno, where multiple high-grade zones and distinct mineralization styles have now been defined across a large, consolidated land package," said Rob Birmingham, CEO of GoldHaven. "The combination of high-grade silver-lead-zinc mineralization and growing exposure to critical minerals such as tungsten and indium continues to reinforce our view that Magno is emerging as a compelling district-scale silver and critical minerals exploration opportunity in the Cassiar District."Beyond the drill program, GoldHaven is planning its first modern airborne magnetic survey across the entire property, which now spans more than 37,200 hectares after the company recently filed a technical report on three newly acquired mineral claims added to the Magno Project. A 3D geological model integrating historical drilling, sampling, and geophysical data is also underway to sharpen targeting before rigs turn.Worth noting: tungsten is classified as a critical mineral by both the Canadian and U.S. governments, and Canada currently has no primary domestic tungsten production. That policy backdrop adds real weight to what GoldHaven is building at Magno.The company has a $1.72 million flow-through financing underway to fund 2026 exploration. At its Copeçal Gold Project in Mato Grosso, Brazil, GoldHaven recently completed its first diamond drilling program confirming gold and copper anomalism, with Phase 2 drilling scheduled for mid-Q2 2026. Between Magno's growing multi-system critical minerals story in B.C. and a 123,900-hectare Brazilian portfolio spanning three projects, GoldHaven is running two active exploration pipelines at a stage where most juniors are still focused on one.CONTINUED… Read this and more news for GoldHaven Resources at: https://usanewsgroup.com/2025/09/23/the-goldhaven-story-two-continents-one-strategy-systematic-exploration-in-historically-productive-districts/In other industry developments:Brixton Metals (TSXV: BBB) (OTCQX: BBBXF) reported the third batch of drill results from its Langis 2026 drill program at the Langis silver project in Ontario, Canada, including hole LM-26-290 with a 0.50-metre sample grading 82,334 g/t silver containing abundant native silver, representing the highest-grade single sample ever reported by the company and among the highest silver grades ever reported globally. The hole returned 11.35 metres averaging 4,560 g/t silver, with multiple additional bonanza-grade intercepts reported across the program."We are excited to report the third batch of drill results from the Langis 2026 drill program," said Gary R. Thompson, Chairman and CEO of Brixton Metals. "These results are extraordinary and are among the most significant silver drilled intercepts known to the company globally. Hole LM-26-290 has delivered an exceptional result, highlighted by 82,334 g/t silver from a 0.50m core length sample containing abundant native silver."Brixton Metals is advancing the Langis silver project in Ontario alongside its Thorn copper-gold-silver project in British Columbia, with ongoing drilling at Langis aimed at delineating the extent of bonanza-grade mineralization and establishing a mineral resource estimate.NevGold (TSXV: NAU) (OTCQX: NAUFF) announced Phase II metallurgical testwork results at the Limousine Butte Project in Nevada, demonstrating up to 99% gold recovery from residual tailings following sequential antimony leaching, and identified additional antimony mineralization at surface in a historical pre-strip waste dump adjacent to the past-producing Golden Butte pit. The results confirm that sequential antimony and gold leaching works effectively on the project's oxide mineralization with minimal impact on gold recoveries."The results from our Phase II antimony and gold metallurgical testwork shows that leaching in sequence on antimony and gold works favorably as we have envisioned and guided to over the past 12 months," said Brandon Bonifacio, CEO of NevGold. "This is a key step in optimizing the metallurgical flowsheet to recover antimony and gold at Limo Butte."NevGold highlighted that the Limousine Butte Project benefits from large, near-surface oxide antimony-gold mineralization amenable to simple sequential leaching, distinguishing it from most global antimony projects where sulphide ore requires concentrate production. Phase I sampling from the pre-strip waste dump is underway with assay results pending.Alkane Resources (TSX: ALK) (OTCQX: ALKEF) reported exploration results from a year of infill and extension drilling at the Kendal deposit adjacent to the Costerfield Operation in central Victoria, Australia, with high-grade intercepts including 132.2 g/t gold and 19.8% antimony over 1.94 metres in PD222 and 267.5 g/t gold and 5.6% antimony over 2.3 metres in BC464. The Kendal system is the antimony-rich, up-dip continuation of the Youle and Shepherd deposits currently being mined at Costerfield, and development access to the newly extended Kendal system began in late 2025."The drilling results obtained from the Kendal deposit over the past year demonstrate the large potential remaining for significant high-grade mineralization at shallow levels near to the Costerfield mine," said Nic Earner, Managing Director and CEO of Alkane Resources. "Accessing and mining the newly defined mineralization is a top priority for the Costerfield team and should provide the processing plant with an additional source of high-grade gold and antimony ore for some time to come."Alkane Resources operates the Costerfield antimony-gold mine in Victoria and the Tomingley Gold Operations in New South Wales, with Kendal drilling confirming the potential to extend mine life at Costerfield by adding near-mine high-grade resources to the processing pipeline.Americas Gold and Silver (NYSE-A: USAS) (TSX: USA) reported a strong resource update, with consolidated silver M&I Mineral Resources rising 10% to 115.7 million ounces while the flagship Galena Complex in Idaho posted a 19% increase in M&I resources to 87.9 million ounces at 501 g/t silver, a 21% grade improvement year over year. The company also announced two major new vein discoveries at Galena and a near-surface high-grade find at its Cosalá operations in Mexico."In our new M&I Resource at Galena, we have seen very strong ounce growth of 19% year over year with a tremendous 21% improvement in grades to 501g/t silver," said Paul Andre Huet, Chairman and CEO of Americas Gold and Silver. "This increase across the board demonstrates what Galena has already done for over 100 years of mining history: replace depletion, add ounces and continue to establish itself as one of the highest grade primary silver systems in the world."Looking ahead, the company has launched its largest-ever exploration drilling campaign, targeting 64,000 meters across its properties with a budget of up to $20 million in 2026, underpinned by multiple new high-grade targets at both Galena and Cosalá.FURTHER READING: https://usanewsgroup.com/2025/09/23/the-goldhaven-story-two-continents-one-strategy-systematic-exploration-in-historically-productive-districts/CONTACT:
USA News Group
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for Baystreet.ca Media Corp. ("BAY"), who has been paid a fee for an advertising campaign. MIQ has not been paid a fee for GoldHaven Resources Corp. advertising or digital media, but the owner/operators of MIQ also co-owns BAY. There may also be 3rd parties who may have shares of GoldHaven Resources Corp. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by GoldHaven Resources Corp. The scientific and technical information disclosed in this document have been reviewed and approved by two Qualified Persons (QPs). The Copeçal Technical Report identifies Jean-Marc Lopez, B.Sc., FAusIMM, as the Qualified Person responsible for the report. The report "GoldHaven Resources Completes Summer Exploration Programs" states that the technical information has been reviewed and approved by Jonathan Victor Hill, B.Sc. Hons, FAusIMM, an independent Qualified Person and Country Manager of GoldHaven. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://www.bloomberg.com/news/articles/2026-03-20/china-pulls-silver-from-global-markets-to-meet-surging-demand https://www.metalnomist.com/2026/04/us-critical-minerals-stockpile-plan.html https://www.financemagnates.com/trending/how-high-can-silver-go-in-2026-as-comex-inventory-tightens-new-silver-price-predictions-from-bofa-citi-and-reuters-target-300/ https://www.csis.org/analysis/new-executive-order-ties-us-critical-minerals-security-global-partnerships Logo: https://mma.prnewswire.com/media/2838876/5907682/USA_News_Group_Logo.jpg 



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Original: Why Smart Money Is Chasing Polymetallic Deposits Right Now

Americas Gold and Silver Announces New Major Discoveries in Idaho and Mexico and a Strong 2025 Resource & Reserve Update Including a 19% Year over Year Increase in M&I Mineral Resources and 21% Increase in M&I Grades at GalenaMarch 30, 2026 6:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - March 30, 2026) - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), a growing North American precious metals and antimony producer, is pleased to announce that its consolidated silver Measured and Indicated ("M&I") Mineral Resources has increased by 10%, or 11 million ounces, and consolidated silver Inferred Mineral Resources has increased by 15%, or 17 million ounces, both net of mining depletions. Resource and Reserve HighlightsConsolidated silver M&I Mineral Resources increased by 10% to 115.7 million ounces, grade increased by 30% to 239.8 g/tInferred Mineral Resources increased by 15% to 133.3 million ounces, grade decreased by 13% to 264.0 g/tGalena silver M&I Mineral Resources increased by 19% to 87.9 million ounces, grade increased by 21% to 500.9 g/tInferred Mineral Resources increased by 3% to 105.7 million ounces, grade increased by 7% to 498.2 g/tProven & Probable Reserves increased by 2% to 16.3 million ounces, grade increased by 21% to 482.1 g/tCosalá silver M&I Mineral Resources decreased by 13% to 18.7 million ounces, grade increased by 33% to 119.3 g/tAdditionally, with the acquisition of the Cresent Silver Mine, the Company added a very high-grade Historical M&I Mineral Resource of 3.8 million silver ounces at 654 g/t and Historical Inferred Mineral Resource of 19.1 million silver ounces at 665 g/t, which will be operated as part the Galena Complex in Idaho (see Americas news release dated December 12, 2025). A qualified person has not done sufficient work on behalf of Americas to classify the Historical estimate noted in Table 4 below as current Mineral Resources or Mineral Reserves, and the Company is not treating the Historical estimates as current Mineral Resources or Mineral Reserves.Exploration HighlightsGalena Complex - Major new discovery of the 520 Vein in the Coeur Mine520 Vein discovery at the Coeur Mine, part of the Galena Complex (Figure 1) where drilling has intersected multiple high-grade Ag-Cu-Sb intercepts, including 1.1m @kcsm (Figure 1 and Table 6). Four drillholes to-date have defined a 150m long by 150m high mineralized vein that is open in all directions.This new discovery increases the operational flexibility at Galena with the potential introduction of a new Ag-Cu-Sb mining area located directly in line with the recently upgraded Coeur Shaft. 034 Vein discovery at the Galena Mine (see Americas' news release dated January 20, 2026). Infill and step-out drilling is in progress to follow up on previously announced high-grade intercepts including 4,458 g/t Ag, 3.34% Cu and 1.50% Sb over 0.5m in drillhole 52-S54 (Figure 1).149 Vein discovery at the Galena Mine (see Americas' news release dated August 22, 2025). Infill and step-out drilling is in progress to follow up on previously announced high-grade intercepts including 24,913 g/t Ag and 16.9% Cu over 0.2m in drillhole 43-317 (Figure 1).Four underground core rigs are currently completing infill and step-out drilling in 2026 for a total of 25,022 meters.Cosalá Mine - Near mine high-grade discoveryNew El Alacrán discovery 600 meters to the north of the San Rafael mine has intersected multiple Ag-Au-Cu intercepts including 27.6m @ 69.0 g/t Ag, 0.2 g/t Au, 0.2% Cu, Including: 11.2m @ 91.0 g/t Ag, 0.1 g/t Au, 0.3% Cu And: 4.6m @ (Figure 2 and Table 7).
Step-out drilling at the El Alacrán and La Tania targets are in progress.One surface and one underground core rig are currently completing infill and step-out drilling in 2026 for a total of 11,710 meters.Paul Andre Huet, Chairman and CEO, commented: "Our inaugural Resource and Reserve update under the strengthened team at Americas has delivered outstanding results. Since we began the initiative to recapitalize, analyze, and expand operations at Galena in early 2025, our exploration focus has been on adding high-quality, high-grade ounces to a new Resource and Reserve estimate that we can use as the foundation of our growth plan for years to come. "In our new M&I Resource at Galena, we have seen very strong ounce growth of 19% year over year with a tremendous 21% improvement in grades to 501g/t silver. This increase across the board demonstrates what Galena has already done for over 100 years of mining history: replace depletion, add ounces and continue to establish itself as one of the highest grade primary silver systems in the world. We are extremely excited about what the future holds at Galena, where we already have the major infrastructure in place around this expanding Resource to exploit what is a world class high-grade system. "Our drilling campaign in 2025 was highlighted by two major new discoveries: the 034 Vein and 149 Veins. High grade intercepts, including 4,458 g/t Ag, 3.34% Cu and 1.50% Sb over 0.5 meters and 1,199 g/t Ag, and 0.85% Cu over 2.0 meters led us to follow up on these areas which have now expanded from major targets into future potential mining centers (with the 034 Vein now included in our updated Resource). "Looking ahead to 2026, we have announced the largest exploration drilling campaign and budget in the Company's history, with 64,000m to be drilled across our properties, totaling up to $20 million. This decision has been reinforced by yet another recent discovery - the 520 Vein in our Coeur mine. Not only has this new copper-silver-antimony vein already returned strong grades of over 600g/t silver, it represents a new potential mining front at Galena while we continue to complete the mine development work this year to scale the operation significantly into the future. The Coeur mine is directly connected underground to our Galena mine on the 3400 level and is part of the same system where we made the strategic decision to upgrade the Coeur hoist ahead of schedule in late 2025. With numerous potential new mining fronts identified in our drill target database, we look forward to unlocking even more value with the drill bit in this world class complex during 2026. "In Mexico, our regional drilling exploration efforts have been limited yet very effective. The discovery at El Alacrán is just 600m from our San Rafael mine, where we recently completed mining in 2025. The high-grade discovery near surface represents a strong example of the tremendous potential of this property that has not seen major exploration expenditure for many years. While we continue to ramp up the EC120 mine, we are very much looking forward to drilling out El Alacrán and other targets across the large land package with the potential to significantly extend mining operations into the future."Overall, I am proud of our strengthened exploration team's efforts this past year and am very much looking forward to seeing what we can deliver with a robust exploration budget and program in 2026. The future is bright."Consolidated Silver Mineral Resource SummaryThe updated consolidated Silver Mineral Resource is effective as of October 31, 2025, and represents an update to the previously released consolidated Mineral Resource as of December 31, 2024 (see Americas AIF for the period ended December 31, 2024). The updated Measured and Indicated Silver Mineral Resource totals 115.7 million ounces, an increase of 10% (previously 104.8 million ounces). The updated Inferred Silver Mineral Resource totals 133.3 million ounces, representing a 15% increase (previously 116.1 million ounces). The result demonstrates the strong potential for continued growth of Mineral Resources, net of depletion.Table 1: Consolidated Silver Mineral Resources as at October 31, 2025
Note: Refer to detailed footnotes belowSilver Mineral ResourceMeasuredIndicatedMeasured & IndicatedInferredKtg/tKozKtg/tKozKtg/tKozKtg/tKozGalena2,50449539,8302,95450648,0655,45850187,8956,599498105,697Cosalá257857004,61512117,9914,87211918,6917,09710724,465San Felipe---4,677619,1154,677619,1152,005483,102Total2,76145740,53012,24619175,17215,007240115,70215,701264133,264 GalenaAt Galena, resource definition and exploration drilling in 2025 focused on resource to reserve conversion and exploration step-out drilling in close vicinity to existing underground infrastructure. Measured and Indicated Silver Resources increased by 19% (87.9 million ounces) and the Inferred Mineral Resource increased by 3% (105.7 million ounces).Table 2: Galena Silver Mineral Resources as at October 31, 2025
Note: Refer to detailed footnotes belowSilver Mineral ResourceMeasuredIndicatedMeasured & IndicatedInferredKtg/tKozKtg/tKozKtg/tKozKtg/tKozGalena Ag-Pb1,70535419,4251,80335420,5503,50835439,9754,669410.361,592Galena Ag-Cu80079420,4051,15174427,5151,95076547,9201,929711.144,105Total2,50449539,8302,95450648,0655,45850187,8956,599498.2105,697 CosaláAt Cosalá, resource definition and exploration drilling focused on upgrading resource and reserve classification across all categories with a focus on the UZ and Zone 120 deposits. Measured and Indicated Silver Resources decreased by 13% (18.7 million ounces), and the Inferred Mineral Resource increased by 134% (24.5 million ounces).Table 3: Cosalá Silver Mineral Resources as at October 31, 2025
Note: Refer to detailed footnotes belowSilver Mineral ResourceMeasuredIndicatedMeasured & IndicatedInferredKtg/tKozKtg/tKozKtg/tKozKtg/tKozSan Rafael---2431279892431279892,068654,316UZ---1,2761656,7781,2761656,7787931714,359El Cajón---1901741,0651901741,0655661713,103Zone 120---1,0271153,7801,0271153,7801,6611156,148Nuestra Señora257857001,879895,3792,136896,0792,0091016,539Total257857004,61512117,9914,87211918,6917,097107.224,465 CrescentConfirmation and step-out drilling commenced in March 2026 with the goal of upgrading and expanding the Historical Mineral Resources.Table 4: Crescent Silver Historical Mineral Resources Estimate as at August 21, 2015Silver Mineral ResourceMeasuredIndicatedMeasured & IndicatedInferredKtg/tKozKtg/tKozKtg/tKozKtg/tKozCrescent357548511476302,9811826543,83289366519,107Total357548511476302,9811826543,83289366519,107 The information contained in Table 4 is extracted from the report entitled "NI 43-101 Technical Report | Preliminary Economic Assessment | Crescent Silver Project | Shoshone County, Idaho USA" dated August 21, 2015 (the "2015 Technical Report"). Americas confirms that the form and context in which the Qualified Persons' findings are presented have not been materially modified from the original report. The effective date of the Historical estimate is August, 2015. The Company believes that the Historical estimate is reliable and relevant to continuing exploration and development on the Crescent Mine. No more recent estimates of the Mineral Resource or other data are available to the Company. A qualified person has not done sufficient work on behalf of Americas to classify the Historical estimate noted in Table 4 as current Mineral Resources or Mineral Reserves and Americas is not treating the Historical estimates as current Mineral Resources or Mineral Reserves. There is no certainty they will prove to be accurate or that a range of outcomes will be achieved. The Historical Mineral Resources were reported above a silver cut-off of 10 opt Ag. The following assumptions were used to define the portion of the Mineral Resource that meets the test of reasonable prospect for economic extraction and can be declared a mineral resource: Silver price of US$20.00 per troy ounce, underground mining costs of US$145 per ton, metallurgical recovery of 92% average, mining rate of 250 tons per day and minimum mining width of 4 feet. Additional key assumptions, parameters, and methods used to prepare the Historical estimate are disclosed in the 2015 Technical Report.Consolidated Silver Mineral Reserve SummaryThe updated Silver Mineral Reserve is effective as of October 31, 2025, and represents an update to the previously released Consolidated Mineral Reserve as of December 31, 2024 (see Americas AIF for the period ended, December 31, 2024).Table 5: Consolidated Silver Mineral Reserves as at October 31, 2025
Note: Refer to detailed footnotes belowSilver Mineral 
ReserveProvenProbableProven & ProbableKtg/tKozKtg/tKozKtg/tKozGalena Mine5144347,1715355289,0811,04948216,252Cosalá---1,9101569,5531,9101569,553Total5144347,1712,44523718,6342,95927225,805 Figure 1: Long Section view of the Galena Complex highlighting the 520 and 034 vein discoveriesTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5082/290405_e4c50b6e64bcf801_002full.jpgThe 520 Vein discovery is a significant development for the Company as it represents a new high-grade mineralized "shoot" that is located directly down-dip of historical mining activities at the recently upgraded Couer shaft. The 072, Silver, and 360 vein complexes at Galana exhibit exceptional down-dip continuity and the discovery at the 520 vein suggests the potential to continue expanding mineral resources at Couer with over 2,000 feet of untested potential down-dip of the Couer Mine.Table 6: Highlight assay results from the 520 Vein discovery at the Coeur shaft520 Vein - Highlight Drill Results 
(as of March 30, 2025)Hole #Width (m)*Ag (g/t)Cu (%)Sb (%)Pb (%)Vein TypeCO34-1331.46461.950.790.10520 VeinCO34-14813631.72NA0.10CO34-1660.87730.86NA0.17 and1.16191.010.650.01 *Note: reported intercepts are estimated true widths
Sb%: NA refers to samples that were "Not Analyzed" for Sb in 2025 (Cu:Sb ratio = 0.7:1)A full table of drill results can be found HERE: https://americas-gold.com/site/assets/files/4297/dr20260330g.pdfFigure 2: Plan view map of the El Alacrán discovery and the La Tania target that are currently being drilled as part of the Cosála projects 2026 surface exploration programsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5082/290405_e4c50b6e64bcf801_003full.jpgThe El Alacrán discovery and La Tania exploration target are significant opportunities for the Cosála mine complex as both zones outcrop at surface, exhibit similar grades to current mine head grades and are located less than 1km from the San Rafael mine. Continued growth at either target would result in material operational synergies with existing mine operations.Table 7: Highlight assay results at the El Alacrán discovery located 600 meters north of the San Rafael mine El Alacrán Discovery - Highlight Drill Results 
(as of March 30, 2026)Hole #Width (m)*Ag (g/t)Au (g/t)Cu (%)TargetEAS26-00127.6690.20.2El AlacránIncluding11.2910.10.3And4.9690.1NAEAS26-00211.334NA0.15Including464NA0.24And1.71590.10.12EAS26-003Assays PendingEAS26-004EAS26-005 *Note: reported intercepts are estimated true widths
"NA" indicates no significant assays resultsA full table of drill results can be found HERE: https://americas-gold.com/site/assets/files/4297/dr20260330c.pdfTechnical ReportsThe Mineral Resource and Reserve estimates as at October 31, 2025 will be detailed in technical reports prepared in accordance with NI 43-101 to be filed under the Company's SEDAR+ profile at sedarplus.ca within 45 days of the date of this news release.Detailed Footnotes relating to Mineral Resource Estimates as at October 31, 2025Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves.The Measured and Indicated Mineral Resources are exclusive of those Mineral Resources modified to produce Mineral Reserves.The Mineral Resource estimates include Inferred Mineral Resources that are normally considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. There is also no certainty that Inferred Mineral Resources will be converted to Measured and Indicated categories through further drilling, or into Mineral Reserves once economic considerations are applied.Mineral Resources are estimated at a NSR cut-off value of $75/tonne at San Rafael, $70/tonne at Zone 120, $70/tonne at El Cajón and $248/tonne at Galena. Mineral Resources at Nuestra Señora are estimated at a 90g/tonne silver equivalent cut-off grade. Mineral Resources at San Felipe are estimated at a 2.3% zinc equivalent cut-off grade on a fully diluted block size of 2m by 3m by 2m. Mineral Resources are estimated using cut-off grades of 0.17g/tonne Au, 0.34g/tonne Au and 0.69 g/tonne Au for oxide, mixed and sulfide material types respectively at Relief Canyon constrained by a $1,500 Au pseudoflow pit shell. Inferred Resources at Relief Canyon include existing low grade stockpiles.Mineral Resources at San Rafael, El Cajon and Zone 120 are estimated using metal prices of $3,700/oz Au, $36.00/oz Ag, $4.50/lb Cu, $0.90/lb Pb and $1.25/lb Zn. Mineral Resources at Nuestra Senora and San Felipe were not updated in 2025 due to their dormant state have retained the previously reported 2024 MRE metal prices of $1,500/oz Au, $22.00/oz Ag, $3.50/lb Cu, $1.10/lb Pb and $1.30/lb Zn.The Galena and Cosala Complex Mineral Resource estimate was prepared by Company personnel and consultants under the supervision of Rick Strief, EVP Geology and a Qualified Person for the purpose of NI 43-101. The Relief Canyon Mineral Resource estimate was prepared internally by Niel de Bruin, P.Geo., a Qualified Person for the purpose of NI 43-101.The San Felipe Mineral Resource estimate was prepared internally by Niel de Bruin, P.Geo., a Qualified Person for the purpose of NI 43-101.Detailed Footnotes relating to Mineral Reserve Estimates as at October 31, 2025Mineral Reserves are estimated at a net smelter return ("NSR") cut-off value of $75/tonne at San Rafael, $70/tonne at El Cajón, $70/tonne at Zone 120 and $248/tonne at Galena. The NSR cut-off is calculated using long term assumptions based on operating results for recoveries, off-site concentrate costs, and on-site operating costs.Mineral Reserves are estimated using metal prices of $3,700/oz Au, $34.00/oz Ag, $4.25/lb Cu, $0.85/lb Pb and $1.10/lb Zn.Galena minimum mining widths varied by mining method. For conventional cut and fill the minimum width is three (3) feet, for longhole stoping four (4) feet, for mechanized cut and fill seven (7) feet and longhole stope development seven (7) feet. All methods include an additional one-half (1/2) foot additional dilution on the hanging wall and one-half (1/2) foot on the footwall. Mineral reserves include 10% mining losses and 10% unplanned dilution at zero grade.A mining recovery of 100% and 0% dilution factor at zero grade were used for estimating Mineral Reserves at San Rafael, El Cajon and Zone 120 to reflect the mining methods (post-pillar cut and fill and overhand cut and fill) used at the operation.A minimum mining width of 4 meters and a 15% dilution factor, at zero grade, with mining recovery of 90% to reflect the proposed mining methods (post-pillar cut and fill and overhand cut and fill), were used for estimating Mineral Reserves at El Cajón and Zone 120.The Galena Complex Mineral Reserve estimate was prepared by Company personnel under the supervision of Dagny Odell, PE, a Qualified Person for the purpose of NI 43-101. The depletion of the mineral reserves and mineral resources to December 31, 2025 for this property was prepared by Company personnel under the supervision of and with the review of Rick Streiff, EVP Geology and a Qualified Person for the purpose of NI 43-101.The Company is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other relevant issues that would materially affect the Mineral Reserve and Mineral Resource estimates.About Americas Gold and Silver CorporationAmericas Gold and Silver is a rapidly growing North American mining company producing silver, copper, and antimony from high-grade operations in the U.S. and Mexico. In December 2024, Americas acquired 100% ownership of the Galena Complex (Idaho) in a transaction with Eric Sprott, former 40% Galena owner, in exchange becoming Americas' largest shareholder. This transaction consolidated Galena as a cornerstone U.S. silver asset and the nation's largest antimony mine. In December 2025, Americas acquired the fully permitted, past-producing Crescent Silver Mine (9 miles from Galena) with the world's 3rd highest-grade silver resource, creating significant potential future synergies through shared infrastructure and processing. In February 2026, Americas formed a 51/49 joint venture with US Antimony to build a new antimony processing hub at Galena, creating a U.S. "mine-to-finished product" antimony solution. Americas also owns and operates the Cosalá Operations in Sinaloa, Mexico. Americas is fully funded to aggressively grow production at the Galena Complex, Crescent and in Mexico with an aim to be a leading North American silver producer and a key source of U.S.-produced antimony.For more information:Maxim Kouxenko
Manager, Investor Relations
Americas Gold and Silver Corporation
+1 (647) 888-6458Technical Information and Qualified PersonsThe scientific and technical information relating to the operation of the Company's material operating mining properties contained herein has been reviewed and approved by Rick Streiff, Certified Professional Geologist (CPG#11108), EVP, Geology of the Company. The Company's current Annual Information Form and the NI 43-101 Technical Reports for its other material mineral properties, all of which are available on SEDAR+ at www.sedarplus.ca, and EDGAR at www.sec.gov, contain further details regarding mineral reserve and mineral resource estimates, classification and reporting parameters, key assumptions and associated risks for each of the Company's material mineral properties, including a breakdown by category.The diamond drilling program used NQ-size core and BQ-size core. The Company's standard QA/QC practices were utilized to ensure the integrity of the core and sample preparation at the Galena Complex through delivery of the samples to the assay lab. The drill core was stored in a secure facility, photographed, logged and sampled based on lithologic and mineralogical interpretations. Standards of certified reference materials, field duplicates and blanks were inserted as samples shipped with the core samples to the lab.Analytical work was carried out by American Analytical Services Inc. ("AAS") located in Osburn, Idaho, or SVL Analytical located in Kellogg Idaho. AAS and SVL are independent, ISO-17025 accredited laboratories. Sample preparation includes a 30-gram pulp sample analyzed by atomic absorption spectrometry ("AA") techniques to determine silver, copper, and lead, using aqua regia for pulp digestion. Samples returning values over 514 g/t Ag are re-assayed using fire-assay techniques for silver. Additionally, samples returning values over 23% Pb are re-assayed using titration techniques.Duplicate pulp samples are sent out quarterly to ALS Global, an independent, ISO-17025 accredited laboratory based in Reno, Nevada to perform an independent check analysis. A conventional AA technique was used for the analysis of silver, copper and lead at ALS Global with the same industry standard procedures as those used by AAS. The assay results listed in this report did not show any significant contamination during sample preparation or sample bias of analysis.All mining terms used herein have the meanings set forth in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), as required by Canadian securities regulatory authorities. These standards differ from the requirements of the SEC that are applicable to domestic United States reporting companies. Any mineral reserves and mineral resources reported by the Company in accordance with NI 43-101 may not qualify as such under SEC standards. Accordingly, information contained in this news release may not be comparable to similar information made public by companies subject to the SEC's reporting and disclosure requirements.Cautionary Statement on Forward-Looking InformationThis news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas' expectations, intentions, plans, assumptions, and beliefs with respect to, among other things, the new vein discoveries with materially higher silver grades than current Galena Complex Resource and Reserves, the near-term growth opportunities represented by such discoveries warranting aggressive follow-up drilling in 2026, the growing high-grade silver-copper-antimony 034 Vein Complex, timing and expectations for the Company's 2026 drill campaign, the potential quantity and grade of the exploration target, and the anticipated timing and results of ongoing and planned exploration drilling at the Galena Complex, statements about the Company's exploration strategy, enhancement mill feed quality and operational efficiency, and anticipated ability to increase shareholder value and are subject to the risks and uncertainties outlined below. Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate," "believe," "expect," "goal," "plan," "intend," "potential," "estimate," "may," "assume," and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas to be materially different from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to the risk factors relating to the Company found under the heading "Risk Factors" in the Company's Annual Information Form dated March 31, 2025 or the Company's MD&A for the three and six months ended June 30, 2025 dated August 11, 2025; interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development, or production; general economic conditions and conditions affecting the mining industry; the uncertainty of regulatory requirements and approvals; potential litigation; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; risks associated with the mining industry generally, such as economic factors (including future commodity prices, currency fluctuations, and energy prices), ground conditions, failure of plant, equipment, processes, and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in grade or recovery rates, permitting timelines, capital expenditures, reclamation activities, labor relations; and risks related to changing global economic conditions and market volatility. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward-looking information is available in Americas' filings with the Canadian Securities Administrators on SEDAR+ and with the SEC. Americas does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events, or other such factors which affect this information, except as required by law. Americas does not give any assurance (1) that Americas will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward-looking information concerning Americas are expressly qualified in their entirety by the cautionary statements above.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290405
Original: Americas Gold and Silver Announces New Major Discoveries in Idaho and Mexico and a Strong 2025 Resource & Reserve Update Including a 19% Year over Year Increase in M&I Mineral Resources and 21% Increase in M&I Grades at Galena

Americas Gold and Silver Announces Strong Full-Year 2025 Results and 2026 Guidance with ~30% Annual Production GrowthMarch 30, 2026 6:35 AM
NewsfileToronto, Ontario--(Newsfile Corp. - March 30, 2026) - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), a growing North American precious metals and antimony producer, is pleased to report consolidated financial and operational results for the year ended December 31, 2025.This earnings release should be read in conjunction with the Company's Management's Discussion and Analysis, Financial Statements, and Notes to Financial Statements for the corresponding period, which have been posted on the Americas Gold and Silver Corporation SEDAR+ profile at www.sedarplus.ca, and on its EDGAR profile at www.sec.gov, and are also available on the Company's website at www.americas-gold.com. All figures are in U.S. dollars unless otherwise noted. HighlightsConsolidated attributable silver production increased 52% year-over-year as the impact of operational improvements and efficiencies continued at the Galena Complex in Idaho, while the Cosalá Operations progressed into the high-grade EC120 Project with pre-production of higher-grade development ore. Strong production results were achieved despite a total of 20 days of planned shutdowns at Galena to complete upgrades to the No. 3 Shaft and Coeur Shaft. Phase II of the Galena No. 3 Shaft upgrade remains on track for completion in 2Q 2026 which will increase total hoisting capacity to approximately 105 short tons per hour (stph), representing an approximate 160% increase in hoisting capacity compared to 40 stph in 2024 when the Galena turnaround project began. A major achievement. Consolidated silver production of 2.65 million ounces was realized during the year, or approximately 3.4 million silver equivalent1 ounces, including 9.3 million pounds of lead, and 2.0 million pounds of copper, an increase of 52% over 2024 consolidated attributable silver production.The Galena Complex produced approximately 1.5 million ounces of silver with more consistent access to the higher silver grade tetrahedrite ore, including 561,000 pounds of antimony.Major annual production record achieved with silver production at the Cosalá Operations increasing by 44% to record production of approximately 1.2 million ounces of silver in 2025.Significant safety milestone achieved during March by Galena Complex team with one full year and over 500,000 hours of work without a single lost time accident.Increase in consolidated revenue due to higher silver production and higher realized prices. Consolidated revenue, including by-product revenue, increased to $118 million for 2025 or 18% compared to $100 million for 2024 due to increased production and higher realized prices. Pre-production sales of EC120 silver-copper concentrate contributed $45 million to revenue in 2025, with commercial production declared at the start of 2026.Closed the strategic acquisition of the Crescent Mine in Idaho, USA alongside a concurrent heavily oversubscribed $132 million bought deal financing in December 2025.Closed Senior secured term loan facility for funds of up to $100 million entered into with SAF Group ("SAF") primarily to fund growth and development capital spending at the Galena Complex, with the first $50 million tranche of funds received in June 2025.Entered Multi-Metal Offtake Agreement in 2025 for Galena Concentrates with Ocean Partners for treatment of up to 100% of the polymetallic concentrates from the Company's Galena Complex at Teck Resources Limited's ("Teck") Trail Operations in Trail British Columbia. Guaranteeing processing capacity at a nearby smelter is critical as the Company executes its plans to significantly increase silver and by-product metal production over the next several years.Signed landmark joint venture agreement in February 2026 with United States Antimony ("U.S. Antimony") to construct and operate a new antimony processing facility in Idaho's Silver Valley, maximizing the financial potential of a critical by-product currently produced at Galena.The joint venture will be 51% owned by the Company and will provide a mine-to-finished antimony production solution to secure the supply chain for this critical mineral within the United States.Significant growth in consolidated silver Mineral Resources and grade (see Americas news release dated March 30, 2026, for more information).Consolidated 2026 production and cost guidance of 3.2 to 3.6 million ounces of silver at an average AISC1 of $30 to $35 per ounce sold. Consolidated capital expenditures are targeted to be between $90 to $120 million (including the Crescent Mine), and consolidated exploration capital is targeted to be between $15 to $20 million. Fiscal 2026 will see the execution of several major projects critical to the continued growth of Galena including completion of the upgrades to No 3. Shaft, construction and commissioning of the surface paste fill plant and the ramp up of long hole stoping at Galena as the mine transitions from conventional to mechanized mining. Fiscal 2026 is expected to be a pivotal year in infrastructure upgrades at Galena, building off the strong success of the work completed in 2025.Major milestone reached with addition to GDXJ Junior Gold Miners Index and the Solactive Global Silver Miners Index (SIL), two major global indexes for small-cap gold and silver miners.Largest exploration program in Americas' history announced in 2026 with approximately 64,000 metres to be drilled companywide. This record setting drill program builds on the outstanding high-grade drilling successes in 034 Vein and 149 Vein achieved during the 2025 drilling campaign including intercepts of 983 g/t over 3.4 meters at 034 Vein and 24,913 g/t Ag and 16.9% Cu over 0.21 meters in the 149 Vein (see Americas news releases dated April 22, 2025 and August 22, 2025). Major mining, infrastructure project and development progress at Galena with nine long-hole stoping panels mined to designed widths and three new long-hole stopes in development (vs. no long-hole stoping in 2024), 200% improvement in remote mucking operations to 200 tonnes moved per shift from 50 tonnes moved with conventional methods in 2024, completion of a new Alimak ventilation raise, multi-level access point declines debottlenecking mining areas, major underground fleet overhaul and upgrades, the installation of a modern fibre-optic communications system and the arrival of parts for Phase Two of the No. 3 Shaft upgrade to be completed in April 2026.Significant long-term collective bargaining agreement at Galena Complex with the United Steel Workers Union covering all hourly employees for a 5-year term.Strong balance sheet with cash and cash equivalents balance of $129.8 million (a significant increase over $20.0 million in 2024) and working capital1 of $67.5 million as at December 31, 2025 (compared to a working capital deficit of $27.9 million as at December 31, 2024).Cost of sales1,2 per silver equivalent ounce produced, cash costs1, and all-in sustaining costs1 per silver ounce produced averaged $24.98, $25.69, and $32.95, respectively, in 2025.Net loss of $87.4 million ($0.33 per share) for 2025 (improved on a per share basis vs. a 2024 net loss of $49.0 million or $0.46 per share), with the increase dollar amount from 2024 primarily due to higher period and forward precious metals prices impacting metals based liabilities offset against gains recognized from a new from a new price protection program completed during the period.Adjusted loss1 for 2025 was $35.2 million ($0.13 per share) compared to an adjusted loss of $33.7 million or $0.32 per share for 2024 and Adjusted EBITDA1 for 2025 was a loss of $4.1 million ($0.02 per share) compared to adjusted EBITDA loss of $1.5 million or ($0.01 per share) for 2024 primarily due to higher net revenue from increased silver production and realized prices during the period offset by planned major operational spending as part of the strategic investment strategy at Galena to grow production.Paul Andre Huet, Chairman and CEO, commented: "It has been just over one year since our new corporate and operational leadership team joined Americas Gold and Silver and I could not be more proud of the accomplishments of our entire company in setting up our operations in Idaho and Mexico for a sustained period of major growth ahead. From rigorous operational improvement studies to project design to executing major capital projects while strategically strengthening the balance sheet and securing critical new contracts and partnerships, we have done a lot in a very short period of time. Furthermore, all of this has been achieved with minimal impact on maintaining production growth and operational momentum. Now at the start of 2026, we have an excellent platform from which to continue to build substantial shareholder value. We have the people, the assets, and the financial strength to succeed. It has truly been a transformative year for Americas. "The Galena Complex in Idaho's prolific Silver Valley has undergone a major transformation over the last 12 months. The mine has added numerous key personnel and new modern mining equipment, executed on foundational infrastructure projects, including shaft refurbishments and new mine communications systems, extensive mine development initiatives, and the acquisition of the nearby high-grade Crescent Mine. On the mining front, our investment in new equipment, improved mining practices and the transition to long-hole stoping has delivered outstanding results, with our team reporting a 200% increase in muck moving productivity per shift - a terrific first step as we continue to build momentum. Overall, the Galena team has performed at the highest level in terms of both safety and execution. "In fact, earlier this month, the Galena team was recognized for reaching a significant safety milestone by achieving one full year and over 500,000 hours of work without a single lost time accident. Nothing makes me prouder of our team than doing things the right way, which always starts with the safety of our people. For an underground mining operation the size of Galena and with a workforce more than 200 strong, achieving a safety milestone of this magnitude speaks volumes about the professionalism and dedication of the team in how we approach our work each and every day. "During 2025, we took major steps to further strengthen our balance sheet and to support ambitious growth-related capital investments. We entered into a senior secured debt facility with SAF for funds of up to $100 million, of which $50 million has been drawn, primarily to fund growth and development capital spending at the Galena Complex. In addition, our team executed the strategic acquisition of the nearby Crescent mine alongside a $132 million oversubscribed bought deal financing in December 2025, to finance the acquisition and fund capital development. Increased financial flexibility is a key pillar of our growth plans at the Galena Complex and beyond, and with a $130 million cash balance at year end, we are in an excellent financial position to achieve our goals."I continue to be impressed with the strength of our Cosalá Operations team. The operation has demonstrated a strong commitment to safe and profitable production, delivering record production of 1.2 million silver ounces in 2025 at a cash cost of $23 per ounce and an AISC of $27 per ounce. We look forward to continued steady performance at Cosalá, where the EC120 zone achieved commercial production at the start of 2026."Fiscal 2025 was a year to evaluate, redesign and begin the execution of our aggressive growth plan. In 2026, we will continue that momentum. Our 2026 production, cost, and capex guidance includes an aggressive plan to undertake the largest drilling campaign in Company history with a total of 64,000 meters to be drilled both as infill and exploration meters. For 2026, we expect to achieve consolidated silver production of between 3.2 million and 3.6 million ounces of silver at an AISC range of $30 to $35 per ounce sold. This production boost represents an approximate 30% increase over 2025 and over a 100% increase compared to 2024 - a major step forward. The work we will continue to execute on in 2026, including the final upgrades to No. 3 Shaft as well as the underground development and paste fill plant required to continue our transition to long-hole stoping, will set the stage for significant future growth in the years ahead. On the resource and exploration front, our success in the limited drilling during 2025 led to anin M&I Resources with a strong increase in grade at Galena. I am very excited to build off this success in 2026 with the largest drilling program in the Company's history. "Overall, I am strongly encouraged by the progress the Americas Gold and Silver team has made in just a year across the business. With 2025 in the rear-view mirror, 2026 will be a year of continued growth and drilling investment into our flagship Galena Complex in Idaho and Cosalá operation in Mexico. We are also looking forward to progressing our antimony plant construction alongside our JV partners to unlock the additional critical metal value held in the ore we mine every day for our shareholders. I look forward to providing updates on what is clearly a wide range of exciting projects as the year progresses."Consolidated ProductionConsolidated silver production of approximately 2.65 million ounces during 2025 was higher than 2024 production of approximately attributable 1.7 million ounces due to higher grades at both operations, offset by lower tonnage. Pre-production of EC120 silver-copper concentrate contributed silver production of 1.0 million ounces during 2025. Production of both zinc and lead during the year were lower than fiscal 2024 due to lower tonnage of zinc-lead-silver San Rafael ore processed during 2025 as the Company developed and transitioned into the silver-copper EC120 orebody. Consolidated cash costs and all-in sustaining costs for 2025 were $25.69 per silver ounce and $32.95 per silver ounce, respectively. Cash costs per silver ounce increased during the year primarily due to lower by-product credits and higher mining costs.Galena ComplexDuring 2025, the Company continued to make significant advances at the Galena Complex and remains on track with its operational growth plan. The Galena Complex produced approximately 1.5 million ounces of silver in 2025, which was comparable to approximately 1.5 million ounces of silver produced in 2024 on a 100% basis (0.9 million ounces on an attributable basis). The mine also produced 7.5 million pounds of lead in 2025, compared to 10.0 million pounds of lead in 2024 (a 25% decrease in lead production). By product production levels may vary in the short term as mining and development activities focus on increasing tonnes from higher-grade, silver copper ore. Cash costs per ounce of silver increased to $28.04 in 2025 from $23.07 in 2024, primarily due to decreased lead production resulting in lower by-product credits during the period, and modest increases in salaries and employee benefits at the operations.During 2025, the Company continued to make significant progress at the Galena Complex and remained on track with its operational growth plan in the areas of underground development and long-hole stoping; upgrading the underground fleet; advancing the No 3. shaft upgrade as well as mine modernization and communication.Development activities advanced steadily supported by improved efficiencies in muck handling. A key contributor to these improvements was the successful extraction of a seventh long-hole panel at the Galena 49-130 stope. Remote mucking operations demonstrated a significant increase in productivity, with approximately 200 tonnes moved per shift compared to approximately 50 tonnes per shift using traditional underhand and overhand mining methods. The second long-hole panel from the first long-hole stope was also mined successfully, achieving planned widths. Three additional long-hole stopes are currently in development and are scheduled for mining in Q1 and Q2 of 2026. Construction of the Alimak ventilation raise was completed in the fourth quarter of 2025.The 55-179 decline advanced toward the 55-198 and 55-165 stopes to support continued production in Q4-2025. The strategic location of this ramp provides access to multiple stopes-including 55-206, 55-198, 55-165, and 55-163-reducing development costs by enabling multiple mining fronts from a single access point. Of these, three stopes (55-206, 55-163, and 55-165) are planned to be mined using long-hole methods, representing a notable milestone given that no long-hole stopes were in operation at the end of fiscal 2024.Major upgrades to the mine's legacy underground fleet also progressed during the year. Four new underground personnel carriers and two mine trucks have entered service, with an additional truck scheduled for delivery in Q2 2026. These units have already been deployed underground, with operational efficiencies beginning to materialize in early 2026. Two remote-capable Komatsu WX-04 loaders are now actively supporting the long-hole mining campaign. In addition, two 300-tonne ore bins were upsized to accommodate the new haul trucks, and new chutes were installed on the 5,500-level, with commissioning expected in Q2 2026.Installation of a new fibre-optic and leaky-feeder communication system is underway in the No. 3 Shaft and across the 5,500-level. The first segment, extending to the 3,200-level, will provide the Galena Complex with its first underground internet connectivity. Completion of the system is expected in Q3 2026 and will support enhanced communication, automation of fans, pumps, and equipment, and overall improvements in underground operational control.Components for Phase Two of the No. 3 Shaft upgrades arrived on site in mid-March 2026, with brake and Lilly upgrades scheduled for completion by the end of April 2026. This phase of improvements is expected to increase hoisting speeds in end zones, allowing for more efficient skipping of ore and waste material. Replacement of the Coeur hoist motor in Q4 2025 was completed successfully, enhancing operational redundancy and supporting a second means of egress.Cosalá OperationsSilver production increased in 2025 by 44% to approximately 1.2 million ounces of silver compared to approximately 0.8 million ounces of silver in 2024, primarily due to higher grades and silver recoveries offset by lower tonnages during the period. A higher portion of the mill feed came from pre-production of the EC120 Project, which has higher silver grades and silver recoveries based on its minerology. The EC120 Project contributed approximately 1.0 million ounces of silver production in 2025 (1.2 million ounces of silver production project-to-date), as the Cosalá Operations milled and sold silver-copper concentrate during the EC120 Project's development phase, which contributed $44.8 million to net revenue during 2025. Lower milled tonnage from the zinc-lead-silver San Rafael Main Central orebody caused base metals production of zinc and lead to drop in 2025.Cash costs per silver ounce increased during 2025 to $22.82 per ounce from $11.13 per ounce in 2024, primarily due to decreased zinc and lead production resulting in lower by-product credits during the period however overall revenue from all metals increased to $118 million from $100 million in 2024. OutlookAmericas' consolidated production guidance for 2026 is a range between 3.2 million and 3.6 million ounces of silver at an AISC range of $30 to $35 per ounce sold. The high-end of 2026 production guidance represents a 33% increase compared to 2025 production of 2.65 million ounces (28% to the mid-point of 2026 guidance).Table 1 - 2026 GUIDANCE2026 PRODUCTION AND COSTS
Silver Production (millions of ounces)3.2 - 3.6All-in Sustaining Cost (AISC)2,3,4 ($/oz sold)30 - 35CAPITAL INVESTMENTS ($ millions)
Sustaining Capital ($ millions - includes capitalized infill drilling)30 - 40Growth Capital ($ millions)60 - 80Total ($millions)90 - 120 Notes to Table 1The Company's guidance assumes targeted mining rates and costs, availability of personnel, contractors, equipment and supplies, the receipt on a timely basis of required permits and licenses, cash availability for capital investments from cash balances, cash flow from operations, or from a third-party debt financing source on terms acceptable to the Company, no significant events which impact operations, an MXN$ to US$ exchange rate of 18 : 1. Assumptions used for the purposes of guidance may prove to be incorrect and actual results may differ from those anticipated. See below "Cautionary Statement Concerning Forward-Looking Statements".Non-IFRS: the definition and reconciliation of these measures are included in the Non-IFRS Measures section of Americas Gold and Silver's MD&A for the period ended December 31, 2025.By-product metals production is treated as a credit that is reflected in AISC. AISC calculations are for the operations only, and exclude non-cash share-based payments expense, and derivative settlements.Americas' 2026 guidance incorporates the mine and development plans across its operations. At the Galena Complex in Idaho, guidance includes planned growth capital expenditures of $30 - $40 million at the Crescent Mine and planned mine development and shaft upgrades at the Galena Mine, required to incrementally increase production levels as the year progresses. The capital guidance includes further equipment additions at both the Galena Complex, and Cosalá and other growth-related expenditures. By the end of 2026, the Company expects the Galena Complex to reach substantially and sustainably higher production rates.ExplorationAmericas has identified multiple high priority exploration targets for 2026 as part of its significantly expanded $15 - $20 million exploration budget across both the Galena Complex (including the Crescent Mine) and Cosalá. The increase in the drilling represents the largest campaign in Company history with a total of approximately 64,000 meters to be drilled, inclusive of infill drilling. The increased exploration activity is driven by Company's targeted exploration drilling success in 2025 that identified several compelling discoveries requiring follow-up. Conference Call DetailsDate: March 30, 2026
Time: 10 a.m. (Eastern Time)
Webcast link: https://www.gowebcasting.com/14653
Dial-In Toll Free Canada and USA: 1-800-715-9871
Dial-In International Toll Number: +1 (647) 932-3411A recording of the conference call will be available for replay through the above webcast link and on the events page of Americas website, or for a one-week period beginning at approximately 1:00 p.m. (Eastern Time) on March 30, 2026, through the following dial in numbers:Replay dial in - North American callers please dial: 1-800-770-2030; Playback ID: 4755531#Replay dial in - International callers please dial: 1-647-362-9a199; Playback ID: 4755531#About Americas Gold and Silver CorporationAmericas Gold and Silver is a rapidly growing North American mining company producing silver, copper, and antimony from high-grade operations in the U.S. and Mexico. In December 2024, Americas acquired 100% ownership of the Galena Complex (Idaho) in a transaction with Eric Sprott, former 40% Galena owner, in exchange becoming Americas' largest shareholder. This transaction consolidated Galena as a cornerstone U.S. silver asset and the nation's largest antimony mine. In December 2025, Americas acquired the fully permitted, past-producing Crescent Silver Mine (9 miles from Galena) with the world's 3rd highest-grade silver resource, creating significant potential future synergies through shared infrastructure and processing. In February 2026, Americas formed a 51/49 joint venture with US Antimony to build a new antimony processing hub at Galena, creating a U.S. "mine-to-finished product" antimony solution. Americas also owns and operates the Cosalá Operations in Sinaloa, Mexico. Americas is fully funded to aggressively grow production at the Galena Complex, Crescent and in Mexico with an aim to be a leading North American silver producer and a key source of U.S.-produced antimony.Annual FilingsThe Company refers to its audited consolidated financial statements for the fiscal year ended December 31, 2025, included in the Company's Annual Report on Form 40-F, which contained an audit report from its independent registered public accounting firm with a going concern qualification. Reference to this information is required by Section 610(b) of the NYSE American Company Guide. Such reference does not represent any change or amendment to any of the Company's filings for the fiscal year ended December 31, 2025.For more information:Maxim Kouxenko - Manager, Investor RelationsM: +1(647) 888-6458
E: ir@americas-gold.com
W: Americas-gold.comTechnical Information and Qualified PersonsThe scientific and technical information relating to the Company's material mining properties contained herein has been reviewed and approved by Rick Streiff, Executive Vice President - Geology of the Company. Mr. Streiff is a "qualified person" for the purposes of NI 43-101. The Company's current Annual Information Form and the NI 43-101 Technical Reports for its mineral properties, all of which are available on SEDAR+ at www.sedarplus.ca, and EDGAR at www.sec.gov, contain further details regarding mineral reserve and mineral resource estimates, classification and reporting parameters, key assumptions and associated risks for each of the Company's material mineral properties, including a breakdown by category.All mining terms used herein have the meanings set forth in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), as required by Canadian securities regulatory authorities. These standards differ from the requirements of the SEC that are applicable to domestic United States reporting companies. Any mineral reserves and mineral resources reported by the Company in accordance with NI 43-101 may not qualify as such under-SEC standards. Accordingly, information contained in this news release may not be comparable to similar information made public by companies subject to the SEC's reporting and disclosure requirements.Cautionary Statement on Forward-Looking Information:This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas' expectations, intentions, plans, assumptions and beliefs with respect to, among other things, estimated and targeted production rates and results for gold, silver and other metals, the expected prices of gold, silver and other metals, as well as the related costs, expenses and capital expenditures; production from the Galena Complex, including the Crescent Mine and Cosalá Operations, including the expected number of producing stopes and production levels; the expected timing and completion of required development and the expected operational and production results therefrom, including the anticipated improvements to production rates and cash costs per silver ounce and all-in sustaining costs per silver ounce; statements relating to Americas' EC120 Project; and statements relating to implementation of, and the impact of new management on, the planned recapitalization of Galena Complex. Guidance and outlook references contained in this press release were prepared based on current mine plan assumptions with respect to production, development, costs and capital expenditures, the metal price assumptions disclosed herein, and assumes no further adverse impacts to the Cosalá Operations from blockades or work stoppages, and completion of the shaft repair and shaft rehab work at the Galena Complex on its expected schedule and budget, the realization of the anticipated benefits therefrom, and is subject to the risks and uncertainties outlined below. The ability to maintain cash flow positive production at the Cosalá Operations, which includes the EC120 Project, through meeting production targets and at the Galena Complex through implementing the Galena Recapitalization Plan, including the completion of the Galena shaft repair and shaft rehab work on its expected schedule and budget, allowing the Company to generate sufficient operating cash flows while facing market fluctuations in commodity prices and inflationary pressures, are significant judgments in the consolidated financial statements with respect to the Company's liquidity. Should the Company experience negative operating cash flows in future periods, the Company may need to raise additional funds through the issuance of equity or debt securities. Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate", "believe", "expect", "goal", "plan", "intend", "potential', "estimate", "may", "assume", "would", "could", "seek", "propose" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors beyond the Company's ability to control or predict that may cause the actual results, level of activity, performance, or achievements of Americas or developments in the Company's business or in its industry to be materially different from those expressed or implied by such forward-looking information. With respect to the business of Americas, these risks and uncertainties include risks relating to widespread interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development or production; general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; potential litigation; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; the ability to operate the Company's projects; and risks associated with the mining industry such as economic factors (including future commodity prices, currency fluctuations and energy prices), ground conditions, illegal blockades and other factors limiting mine access or regular operations without interruption, failure of plant, equipment, processes and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in ore grade or recovery rates, permitting timelines, capital and construction expenditures, reclamation activities, labor relations or disruptions, social and political developments, risks associated with generally elevated inflation and inflationary pressures, risks related to changing global economic conditions, and market volatility, risks relating to geopolitical instability, political unrest, war, and other global conflicts may result in adverse effects on macroeconomic conditions including volatility in financial markets, adverse changes in trade policies, inflation, supply chain disruptions and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward-looking information is available in Americas' filings with the Canadian Securities Administrators on SEDAR+ and with the SEC. Americas does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Americas does not give any assurance (1) that Americas will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward-looking information concerning Americas are expressly qualified in their entirety by the cautionary statements above.Non-GAAP and Other Financial Measures The Company has included certain non-GAAP financial and other measures to supplement the Company's consolidated financial statements, which are presented in accordance with IFRS, including the following:average realized silver, zinc and lead prices;cost of sales/Ag Eq oz produced; cash costs/Ag oz produced; all-in sustaining costs/Ag oz produced;working capital; EBITDA, adjusted EBITDA, and adjusted earnings; andsilver equivalent production (Ag Eq).Management uses these measures, together with measures determined in accordance with IFRS, internally to better assess performance trends and understands that a number of investors, and others who follow the Company's performance, also assess performance in this manner. These non-GAAP and other financial measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Non-GAAP and other financial measures do not have any standardized meaning prescribed under IFRS, and therefore they may differ from methods used by other companies with similar descriptions. Management's determination of the components of non-GAAP financial measures and other financial measures are evaluated on a periodic basis influenced by new items and transactions, a review of investor uses and new regulations as applicable. Any changes to the measures are duly noted and retrospectively applied as applicable. Subtotals and per unit measures may not calculate based on amounts presented in the following tables due to rounding.Average Realized Silver, Zinc and Lead PricesThe Company uses the financial measures "average realized silver price", "average realized zinc price" and "average realized lead price" because it understands that in addition to conventional measures prepared in accordance with IFRS, certain investors and analysts use this information to evaluate the Company's performance vis-à-vis average market prices of metals for the period. The presentation of average realized metal prices is not meant to be a substitute for the revenue information presented in accordance with IFRS, but rather should be evaluated in conjunction with such IFRS measure.Average realized metal prices represent the sale price of the underlying metal excluding unrealized mark-to-market gains and losses on provisional pricing and concentrate treatment and refining charges. Average realized silver, zinc and lead prices are calculated as the revenue related to each of the metals sold, e.g. revenue from sales of silver divided by the quantity of ounces sold. Reconciliation of Average Realized Silver, Zinc and Lead Prices1

2025

2024
Gross silver sales revenue ('000)$61,769
$62,052
Payable metals & fixed pricing adjustments ('000)
359

(17)Payable silver sales revenue ('000)$62,128
$62,035
Divided by silver sold (oz)
1,587,673

2,205,499
Average realized silver price ($/oz)$39.13
$28.13


 

 


2025

2024
Gross zinc sales revenue ('000)$11,883
$37,878
Payable metals & fixed pricing adjustments ('000)
(26)
33
Payable zinc sales revenue ('000)$11,857
$37,911
Divided by zinc sold (lb)
9,474,630

30,064,028
Average realized zinc price ($/lb)$1.25
$1.26


2025

2024
Gross lead sales revenue ('000)$8,487
$18,208
Payable metals & fixed pricing adjustments ('000)
-

(11)Payable lead sales revenue ('000)$8,487
$18,197
Divided by lead sold (lb)
9,425,745

19,271,894
Average realized lead price ($/lb)$0.90
$0.94
 1 Excludes EC120 Project pre-production silver ounces sold from the Cosalá Operations.Cost of Sales/Ag Eq Oz ProducedThe Company uses the financial measure "Cost of Sales/Ag Eq Oz Produced" because it understands that, in addition to conventional measures prepared in accordance with IFRS, certain investors and analysts use this information to evaluate the Company's underlying cost of operations. Silver equivalent production is based on all metals production at average realized silver, zinc, lead, and copper prices during each respective period, except as otherwise noted.Reconciliation of Consolidated Cost of Sales/Ag Eq Oz Produced

20251

20241,2
Cost of sales ('000)$84,863
$82,740
Less non-controlling interests portion ('000)
-

(15,581)Attributable cost of sales ('000)
84,863

67,159
Divided by silver equivalent produced (oz)
3,397,043

3,706,979
Cost of sales/Ag Eq oz produced ($/oz)$24.98
$18.12
 Reconciliation of Cosalá Operations Cost of Sales/Ag Eq Oz Produced

20251

20241,2
Cost of sales ('000)$38,524
$42,554
Divided by silver equivalent produced (oz)
1,757,782

2,586,577
Cost of sales/Ag Eq oz produced ($/oz)$21.92
$16.45
 Reconciliation of Galena Complex Cost of Sales/Ag Eq Oz Produced

2025

20242
Cost of sales ('000)$46,339
$40,186
Divided by silver equivalent produced (oz)
1,639,261

1,830,191
Cost of sales/Ag Eq oz produced ($/oz)$28.27
$21.96
 1 Throughout this MD&A, tonnes milled, silver grade and recovery, silver production and sales, silver equivalent production, and cost per ounce measurements during fiscal 2025 and 2024 include EC120 Project pre-production from the Cosalá Operations.2 Throughout this MD&A, contract services related to transportation costs were reclassified from treatment and selling costs in revenue to cost of sales in fiscal 2024.Cash Costs and Cash Costs/Ag Oz ProducedThe Company uses the financial measures "Cash Costs" and "Cash Costs/Ag Oz Produced" in accordance with measures widely reported in the silver mining industry as a benchmark for performance measurement and because it understands that, in addition to conventional measures prepared in accordance with IFRS, certain investors and analysts use this information to evaluate the Company's underlying cash costs of operations. Cash costs are determined on a mine-by-mine basis and include mine site operating costs such as: mining, processing, administration, production taxes and royalties which are not based on sales or taxable income calculations. Changes in inventory and other indirect mining costs consist of: non-cash related charges to cost of sales including inventory movements, write-downs to net realizable value of concentrates, ore stockpiles, and spare parts and supplies. Reconciliation of Consolidated Cash Costs/Ag Oz Produced

20251

20241
Cost of sales ('000)$84,863
$82,740
Less non-controlling interests portion ('000)
-

(15,581)Attributable cost of sales ('000)
84,863

67,159
Smelting, refining & royalty expenses in CoS ('000)
(2,344)
(4,856)Non-cash costs ('000)
1,603

879
Direct mining costs ('000)$84,122
$63,182
Smelting, refining & royalty expenses ('000)
8,958

14,323
Less by-product credits ('000)
(25,087)
(47,230)Cash costs ('000)$67,993
$30,275
Divided by silver produced (oz)
2,646,293

1,739,272
Cash costs/Ag oz produced ($/oz)$25.69
$17.41
 Reconciliation of Cosalá Operations Cash Costs/Ag Oz Produced

20251

20241
Cost of sales ('000)$38,524
$42,554
Smelting, refining & royalty expenses in CoS ('000)
(1,560)
(4,284)Non-cash costs ('000)
2,056

547
Direct mining costs ('000)$39,020
$38,817
Smelting, refining & royalty expenses ('000)
7,020

12,235
Less by-product credits ('000)
(18,905)
(41,865)Cash costs ('000)$27,135
$9,187
Divided by silver produced (oz)
1,189,196

825,097
Cash costs/Ag oz produced ($/oz)$22.82
$11.13
 Reconciliation of Galena Complex Cash Costs/Ag Oz Produced

2025

2024
Cost of sales ('000)$46,339
$40,186
Smelting, refining & royalty expenses in CoS ('000)
(784)
(928)Non-cash costs ('000)
(453)
569
Direct mining costs ('000)$45,102
$39,827
Smelting, refining & royalty expenses ('000)
1,938

3,414
Less by-product credits ('000)
(6,182)
(8,770)Cash costs ('000)$40,858
$34,471
Divided by silver produced (oz)
1,457,097

1,494,385
Cash costs/Ag oz produced ($/oz)$28.04
$23.07
 1 Throughout this MD&A, tonnes milled, silver grade and recovery, silver production and sales, silver equivalent production, and cost per ounce measurements during fiscal 2025 and 2024 include EC120 Project pre-production from the Cosalá Operations.All-In Sustaining Costs and All-In Sustaining Costs/Ag Oz ProducedThe Company uses the financial measures "All-In Sustaining Costs" and "All-In Sustaining Costs/Ag Oz Produced" in accordance with measures widely reported in the silver mining industry as a benchmark for performance measurement and because it understands that, in addition to conventional measures prepared in accordance with IFRS, certain investors and analysts use this information to evaluate the Company's total costs of producing silver from operations. All-in sustaining costs is cash costs plus all sustaining development, capital expenditures, and exploration spending, excluding costs not related to current operations.Reconciliation of Consolidated All-In Sustaining Costs/Ag Oz Produced

20251

20241
Cash costs ('000)$67,993
$30,275
Capital expenditures ('000)2
13,263

13,995
Exploration costs ('000)
5,945

4,655
All-in sustaining costs ('000)$87,201
$48,925
Divided by silver produced (oz)
2,646,293

1,739,272
All-in sustaining costs/Ag oz produced ($/oz)$32.95
$28.13
 Reconciliation of Cosalá Operations All-In Sustaining Costs/Ag Oz Produced

20251

20241
Cash costs ('000)$27,135
$9,187
Capital expenditures ('000)2
1,315

5,781
Exploration costs ('000)
3,088

2,754
All-in sustaining costs ('000)$31,538
$17,722
Divided by silver produced (oz)
1,189,196

825,097
All-in sustaining costs/Ag oz produced ($/oz)$26.52
$21.48
 Reconciliation of Galena Complex All-In Sustaining Costs/Ag Oz Produced

2025

2024
Cash costs ('000)$40,858
$34,471
Capital expenditures ('000)2
11,948

13,427
Exploration costs ('000)
2,857

3,108
All-in sustaining costs ('000)$55,663
$51,006
Divided by silver produced (oz)
1,457,097

1,494,385
All-in sustaining costs/Ag oz produced ($/oz)$38.20
$34.13
 1 Throughout this MD&A, tonnes milled, silver grade and recovery, silver production and sales, silver equivalent production, and cost per ounce measurements during fiscal 2025 and 2024 include EC120 Project pre-production from the Cosalá Operations.2 For fiscal 2025, capital expenditures exclude growth capital from the Galena Complex and Cosalá Operations, including capital spend on the EC120 Project.Working CapitalThe Company uses the financial measure "working capital" because it understands that, in addition to conventional measures prepared in accordance with IFRS, certain investors and analysts use this information to evaluate the Company's liquidity, operational efficiency, and short-term financial health. Working capital is the excess of current assets over current liabilities.Reconciliation of Working Capital

2025

2024
Current Assets ('000)$153,664
$40,714
Less current liabilities ('000)
(86,164)
(68,590)Working capital ('000)$67,500
$(27,876) EBITDA, Adjusted EBITDA, and Adjusted EarningsThe Company uses the financial measures "EBITDA", "adjusted EBITDA" and "adjusted earnings" as indicators of the Company's ability to generate operating cash flows to fund working capital needs, service debt obligations, and fund exploration and evaluation, and capital expenditures. These financial measures exclude the impact of certain items and therefore is not necessarily indicative of operating profit or cash flows from operating activities as determined under IFRS. Other companies may calculate these financial measures differently.EBITDA is net income (loss) under IFRS before depletion and amortization, interest and financing expense, and income taxes. Adjusted EBITDA further excludes other non-cash items such as accretion expenses, impairment charges, and other fair value gains and losses.Reconciliation of EBITDA and Adjusted EBITDA

2025

2024
Net loss ('000)$(87,446)$(49,004)Depletion and amortization ('000)
21,234

24,091
Interest and financing expense ('000)
5,321

7,375
Impairment to property, plant and equipment ('000)
10,400

-
Income tax recovery ('000)
4,623

679
EBITDA ('000)$(45,868)$(16,859)Accretion on decommissioning provision ('000)
627

616
Foreign exchange loss (gain) ('000)
1,774

3,504
Gain on disposal of assets ('000)
(967)
(18)Loss on metals contract liabilities ('000)
46,347

10,183
Other loss (gain) on derivatives ('000)
(6,316)
164
Fair value loss on royalty payable ('000)
351

875
Adjusted EBITDA ('000)$(4,052)$(1,535) Adjusted earnings is net income (loss) under IFRS excluding other non-cash items such as accretion expenses, impairment charges, and other fair value gains and losses.Reconciliation of Adjusted Earnings

YTD-2025

YTD-2024
Net loss ('000)$(87,446)$(49,004)Accretion on decommissioning provision ('000)
627

616
Foreign exchange loss (gain) ('000)
1,774

3,504
Gain on disposal of assets ('000)
(967)
(18)Impairment to property, plant and equipment ('000)
10,400

-
Loss on metals contract liabilities ('000)
46,347

10,183
Other loss (gain) on derivatives ('000)
(6,316)
164
Fair value loss on royalty payable ('000)
351

875
Adjusted earnings ('000)$(35,230)$(33,680) Supplementary Financial Measures The Company references certain supplementary financial measures that are not defined terms under IFRS to assess performance because it believes they provide useful supplemental information to investors.Silver Equivalent ProductionReferences to silver equivalent production are based on all metals production at average realized silver, zinc, lead, and copper prices during each respective period, except as otherwise noted.1 This is a supplementary or non-GAAP financial measure or ratio. See "Non-GAAP and Other Financial Measures" section for further information. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290424
Original: Americas Gold and Silver Announces Strong Full-Year 2025 Results and 2026 Guidance with ~30% Annual Production Growth

Americas Gold and Silver Announces Major Milestone with Addition to the GDXJ Junior Gold Miners Index and Provides Notice of Fourth Quarter 2025 Results and Conference CallMarch 20, 2026 7:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - March 20, 2026) - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), a growing North American precious metals and antimony producer, is pleased to announce that the Company will be added to the Van Eck Junior Gold Miners ETF ("GDXJ®") effective at the market close on March 20, 2026. Paul Andre Huet, Chairman and CEO, commented: "Following on from the very positive announcement last year on April 28 noting our addition to and inclusion in the Solactive Global Silver Miners Index ("SIL"), I am very pleased to announce yet another strong step forward for Americas shareholders. "We have met the criteria for inclusion in the GDXJ, which seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Global Junior Gold Miners Index (MVGDXJTR). This index is designed to track the overall performance of small-capitalization companies that are involved primarily in the mining of gold and/or silver1. "Americas inclusion in this major index has the potential to maintain and attract additional global institutional investment into the Company and increase liquidity, with the GDXJ being an important benchmark requirement for many large investment funds. Congratulations to the entire team on this strong step forward in the markets. We look forward to more success in broadening our investor audience as we execute our plans to grow as a premier silver and critical metals producer."About MVGDXJ2The MVIS® Global Junior Gold Miners Index (MVGDXJ) tracks the performance of the most liquid small-cap companies in the global gold and silver mining industries. This is a modified market cap-weighted index, and only includes companies that generate at least 50% of their revenue from gold or silver mining, or at least 50% of their mining mineral resources are from gold or silver.Notice of Fourth Quarter and Full Year 2025 Results and Conference CallAmericas senior management will host a conference call / webcast on March 30, 2026 at 10:00 a.m. (Eastern Time) to discuss the Company’s fourth quarter and full year 2025 results. The access information is provided below.Date: March 30, 2026
Time: 10:00 a.m. (Eastern Time)
Webcast link: https://www.gowebcasting.com/14653
Live dial in - North American callers please dial: 1-800-715-9871
Live dial in - International callers please dial: 1-647-932-3411
Americas plans to issue a news release containing fourth quarter and full year 2025 results before markets open in North America on Monday, March 30, 2026.
A recording of the conference call will be available for replay through the above webcast link and on the events page of Americas website, or for a one-week period beginning at approximately 1:00 p.m. (Eastern Time) on March 30, 2025, through the following dial in numbers:Replay dial in – North American callers please dial: 1-800-770-2030; Playback ID: 4755531#
Replay dial in – International callers please dial: 1-647-362-9199; Playback ID: 4755531#About Americas Gold and Silver CorporationAmericas Gold and Silver is a rapidly growing North American mining company producing silver, copper, and antimony from high-grade operations in the U.S. and Mexico. In December 2024, Americas acquired 100% ownership of the Galena Complex (Idaho) in a transaction with Eric Sprott, former 40% Galena owner, in exchange becoming Americas' largest shareholder. This transaction consolidated Galena as a cornerstone U.S. silver asset and the nation's largest antimony mine. In December 2025, Americas acquired the fully permitted, past-producing Crescent Silver Mine (9 miles from Galena) with the world's 3rd highest-grade silver resource, creating significant potential future synergies through shared infrastructure and processing. In February 2026, Americas formed a 51/49 joint venture with US Antimony to build a new antimony processing hub at Galena, creating a U.S. "mine-to-finished product" antimony solution. Americas also owns and operates the Cosalá Operations in Sinaloa, Mexico. Americas is fully funded to aggressively grow production at the Galena Complex, Crescent and in Mexico with an aim to be a leading North American silver producer and a key source of U.S.-produced antimony.https://www.vaneck.com/us/en/investments/junior-gold-miners-etf-gdxj/overview/Source: https://www.marketvector.com/indexes/hard-asset/mvis-global-junior-gold-minersFor more information:Maxim Kouxenko
Manager, Investor Relations
Americas Gold and Silver Corporation
+1 (647) 888-6458Cautionary Statement on Forward-Looking InformationThis news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas' expectations, intentions, plans, assumptions, and beliefs with respect to anticipated ability to increase shareholder value and attract additional global institutional investment to the Company by an increase in liquidity through inclusion on the GDXJ and are subject to the risks and uncertainties outlined below. Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate," "believe," "expect," "goal," "plan," "intend," "potential," "estimate," "may," "assume," and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas to be materially different from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to the risk factors relating to the Company found under the heading "Risk Factors" in the Company's Annual Information Form dated March 31, 2025 or the Company's MD&A for the three and nine months ended September 30, 2025; interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development, or production; general economic conditions and conditions affecting the mining industry; the uncertainty of regulatory requirements and approvals; potential litigation; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; risks associated with the mining industry generally, such as economic factors (including future commodity prices, currency fluctuations, and energy prices), ground conditions, failure of plant, equipment, processes, and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in grade or recovery rates, permitting timelines, capital expenditures, reclamation activities, labor relations; and risks related to changing global economic conditions and market volatility. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward-looking information is available in Americas' filings with the Canadian Securities Administrators on SEDAR+ and with the SEC. Americas does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events, or other such factors which affect this information, except as required by law. Americas does not give any assurance (1) that Americas will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward-looking information concerning Americas are expressly qualified in their entirety by the cautionary statements above.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288790
Original: Americas Gold and Silver Announces Major Milestone with Addition to the GDXJ Junior Gold Miners Index and Provides Notice of Fourth Quarter 2025 Results and Conference Call

S&P Dow Jones Indices annonce des modifications à l'indice composé S&P/TSXMarch 6, 2026 5:15 PM
PR Newswire (Canada)

TORONTO, le 6 mars 2026 /CNW/ - À la suite de l'analyse trimestrielle, S&P Dow Jones Indices apportera les modifications suivantes à l'indice composé S&P/TSX avant l'ouverture du marché, le lundi 23 mars 2026 :
INDICE COMPOSÉ S&P/TSX - 23 mars 2026
SOCIÉTÉSECTEUR GICSSOUS-SECTEUR GICSAJOUTÉEAbraSilver Resource Corp. (TSX : ABRA)MatériauxMétaux divers et minesAJOUTÉEAvino Silver & Gold Mines Ltd. (TSX : ASM)MatériauxMétaux et minerais précieuxAJOUTÉEi-80 Gold Corp. (TSX : IAU)MatériauxOrAJOUTÉEMontage Gold Corp. (TSX : MAU)MatériauxOrAJOUTÉEAmericas Gold and Silver Corporation (TSX : USA)MatériauxMétaux divers et minesPour obtenir de plus amples renseignements sur S&P Dow Jones Indices, veuillez visiter le site www.spdji.com.À PROPOS DE S&P DOW JONES INDICESS&P Dow Jones Indices est la plus importante ressource mondiale en ce qui touche les données, la recherche et les concepts essentiels fondés sur les indices. Elle regroupe des indicateurs financiers réputés tels que le S&P 500® et le Dow Jones Industrial Average®. Davantage d'actifs sont investis dans des produits fondés sur nos indices que sur ceux de tout autre fournisseur dans le monde. Depuis la création du premier indice par Charles Dow en 1884, S&P DJI est devenue le point d'attache de plus d'un million d'indices dans toute la gamme des catégories d'actifs qui ont aidé à définir la façon dont les investisseurs évaluent les marchés et y négocient.S&P Dow Jones Indices est une division de S&P Global (NYSE: SPGI), qui fournit des renseignements essentiels aux particuliers, aux entreprises et aux gouvernements pour leur permettre de prendre des décisions en toute confiance. Pour obtenir plus de renseignements, visitez le site www.spdji.com.SOURCE S&P Dow Jones Indices LLC.

Original: S&P Dow Jones Indices annonce des modifications à l'indice composé S&P/TSX

Americas Gold and Silver Signs Joint Venture Agreement with US Antimony to Construct Antimony Processing Facility in Idaho's Silver Valley - Unlocking Value from Its Antimony Production and Strengthening U.S. Critical Mineral SecurityFebruary 10, 2026 6:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - February 10, 2026) - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas", or the "Company") a growing North American precious metals and antimony producer, is pleased to announce that it has entered into a definitive agreement (the "Agreement") with United States Antimony (NYSE American: UAMY) ("US Antimony") forming a Joint Venture through operating subsidiaries (the "JV") to construct and operate an antimony processing plant (the "JV Facility") in Idaho's Silver Valley. The JV, which will be 51% owned by Americas and 49% by US Antimony will provide a mine-to-finished antimony production solution to secure the supply chain for this critical mineral within the United States.Highlights:U.S.-Based Vertical Integration: The JV will construct a new antimony processing plant in Idaho's Silver Valley. This construction and processing business will be overseen by representatives of each company.Americas-Controlled Feedstock and Site: Americas will contribute the site under existing operating permits for the JV Facility at its Galena Complex in Idaho and will sell antimony feed material mined from the Galena Complex to the JV on market terms. While Americas material will have priority, the JV Facility will also have the potential to process from other mines.Operational and Market Expertise: US Antimony will contribute its knowledge and technical expertise in constructing and operating these types of facilities and will provide the JV with access to its extensive antimony marketing network including the U.S. Government. Subject to the completion of supply agreements as contemplated by the JV in the following 90 days, US Antimony will purchase the antimony produced by the JV at market terms.Paul Andre Huet, Chairman and CEO of Americas Gold and Silver, commented: "Today's Agreement with US Antimony to build an antimony processing facility at the Company's Galena Complex is a major milestone in unlocking significant value for Americas shareholders. The JV will provide Americas the opportunity to leverage our position as the largest antimony producer in the United States to become a significant player in the downstream antimony market and realize value being left on the table under our current offtake terms for by-product antimony contained in the silver concentrate produced form Americas Galena Complex.Under the Agreement, once the JV Facility is operational, Americas will be paid for the antimony we mine at market terms. Additionally, Americas will also capture 51% of the profits from the processing side of the JV business, providing our shareholders with strong exposure to downstream profits from antimony production that are not currently realized.The idea of working together with the US Antimony team on a JV in Idaho's Silver Valley came together very quickly after our respective teams met as it became apparent that we had a similar style and sense of purpose in how we operate. There was immediate positive energy from the US Antimony team to collaborate with our team to harness the collective strengths of our respective businesses to build value together. The JV is a win-win transaction for both Americas and US Antimony to create value for our respective shareholders. Americas is already the largest antimony producer in the United States, poised for significant growth. US Antimony is a proven and well-established player in the downstream antimony processing business with strong technical knowledge, significant antimony marketing networks and extensive contacts with the US government to provide this critical mineral. Importantly, the JV will provide an entirely "made in the USA" solution from mine to finished product for antimony.The timing of this arrangement meshes very well with our expected ramp-up of antimony production coinciding with our move towards mining high-grade silver-copper-antimony tetrahedrite ore. In 2025 alone we produced 561,000 pounds of antimony contained in concentrate from the Galena Complex and we're just getting started. We are very excited to roll up our sleeves and work together with the US Antimony team to write the next chapter and do our part to strengthen the U.S. based critical mineral space."Gary C. Evans, Chairman and CEO of US Antimony, commented: "It has become apparent after meeting with management at Americas that our two companies have very similar characteristics as well as similar aggressive growth initiatives underway in our various fields. Both of our respective management leadership teams are aligned with similar entrepreneurial desires to continue to be innovators in the critical mineral space. All minerals being mined by Americas are deemed 'critical'. As we all know, our country is playing 'catch-up' today with our adversaries, and we are combining today both of our financial and management resources to more quickly make advancements in the US-based critical mineral space. With our new innovative, one-of-a-kind processing center, we believe we will be 'fast-tracking' to further accomplish that mutual goal. While other companies in the space are talking about years to be in production and potential processing of ore, we continue our progress today. Since this project scope directly aligns with the interest and objectives of the various federal government agencies regarding its overall critical mineral objectives, we have already prepared the necessary paperwork for submittal to hopefully achieve government funding."Certain Terms of the JV Agreement:Americas holds a 51% ownership interest in the joint venture, with US Antimony holding 49%. Governance is exercised through a six-member management committee, with three representatives appointed by Americas and three by US Antimony. US Antimony is the operator under the JV and Americas' representatives chair the management committee as the majority owner. Capital contributions are made consistent with respective ownership interests and may be diluted over time if contributions are not made. The JV Agreement contemplates an 18-month period to complete construction of the JV Facility on permitted Americas land starting from the completion of an agreed project budget. Following this period and on the occurrence of certain "dead-lock" events, (a) Americas can trigger its' right to buy US Antimony's interests at the higher of (i) fair market value, and (ii) 120% of US Antimony's capital contributions or (b) US Antimony can trigger its right to sell its interests to Americas a greater of (i) fair market value, and (ii) 100% of US Antimony's capital contributions. Supply agreements are to be at fair market value and required to be negotiated within 90 days or either party has the right to suspend construction.About Americas Gold and Silver CorporationAmericas Gold & Silver is a rapidly growing North American mining company producing silver, copper, and antimony from high-grade operations in the U.S. & Mexico. In December 2024, Americas acquired 100% ownership of the Galena Complex (Idaho) in a transaction with Eric Sprott, former 40% Galena owner, in exchange becoming Americas' largest shareholder at ~14%. This unitized Galena as a cornerstone U.S. silver asset and the nation's largest antimony mine. In December 2025, Americas acquired the fully permitted, past-producing Crescent Silver Mine (9 mi from Galena), creating significant potential future synergies through shared infrastructure & processing. Americas also owns & operates the Cosalá Ops. in Mexico. Americas is fully funded to aggressively grow production at the Galena Complex, Crescent and in Mexico with an aim to be a leading North American silver producer and a key source of U.S.-produced antimony.For more information:Maxim Kouxenko
Manager, Investor Relations
Americas Gold and Silver Corporation
+1 (647) 888-6458Cautionary Statement on Forward-Looking InformationThis news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas' expectations, intentions, plans, assumptions, and beliefs with respect to, among other things, the ability to achieve the completion on the matters contemplated in the JV Agreement, production results and maintain conditions for operational results and expectations described herein, and the predictability and strategic value of the JV are subject to the risks and uncertainties outlined below. Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate," "believe," "expect," "goal," "plan," "intend," "potential," "estimate," "may," "assume," and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas to be materially different from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to: interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development, or production; general economic conditions and conditions affecting the mining industry; the uncertainty of regulatory requirements and approvals; potential litigation; security conditions in the areas where the Company's operations are located; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; risks associated with the mining industry generally, such as economic factors (including future commodity prices, currency fluctuations, and energy prices), ground conditions, failure of plant, equipment, processes, and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in grade or recovery rates, permitting timelines, capital expenditures, reclamation activities, labor relations; and risks related to changing global economic conditions and market volatility. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward-looking information is available in Americas' filings with the Canadian Securities Administrators on SEDAR+ and with the SEC. Americas does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events, or other such factors which affect this information, except as required by law. Americas does not give any assurance (1) that Americas will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward-looking information concerning Americas are expressly qualified in their entirety by the cautionary statements above.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283399
Original: Americas Gold and Silver Signs Joint Venture Agreement with US Antimony to Construct Antimony Processing Facility in Idaho's Silver Valley - Unlocking Value from Its Antimony Production and Strengthening U.S. Critical Mineral Security

#screwjpmorgan

WOW this one is really taking off now.

Nice gain today. I have been told this is a stock to sit on till it at least hits $25 a share. What do the rest of you say?

https://www.msn.com/en-us/money/markets/americas-gold-and-silver-to-acquire-crescent-silver-for-65-million/ar-AA1Qncad?ocid=BingNewsSerp

USA.TO...LONG TERM HOLD FOR US THIS GOLDS AND SILVER MONSTER

Nice one here also picked up some $4.40s short term day trade 1-14 days ..on antimony..Antimony is used in many industries for its unique properties, primarily as a flame retardant, an alloying agent, in batteries, and in military applications.Antimony's role in fire safety, metal strengthening, and defense technology makes it a critical industrial and strategic material.

Good buy in. I see this hitting one hundred.

Bought in at .9874 I do think I will see $1.50 or more by end of the year.

Yes at .20 and continue to buy the dips......

Are you still holding at .20?

USAS//USA.TO... READY TO BREAK OUT GOLD HITTING 2800

Dear Eric.....Thank You.

$USAS Added at .20 cents! Going to $1 DOLLA.

USAS...THIS LITTLE GOLD PLAY READT TO FLY

USA.V GOLD READY TO BREAK 2700.00

GOLD...2700...DING DING

USAS...THE WEEKLY IS ON FIRE

USAS..GET READY TO FLY....GOLD READY FOR 2700

USAS 340k big block slaP 👋 right before close…

.4130… Going to ride that uPPer Bollinger Band like nobody’s business…
https://schrts.co/YYQQgHRi

Gold AND Silver? Are you kidding me? ______________________________________________

USAS HERE WE GO

usas..gapping and ready to rumble

.40sss itching to fall here...

Eric Sprott, and Silver: Winner, Winner, Chicken DinneR…

.40 new HOD…

Completing the biggest cuP and Handle in History $SILVER…

$GOLD $3k coming shortly…

$SILVER consolidating here, to gear uP for the pusH past $35…