Americas Gold and Silver (USA) investor relations material

Deal rationale and strategic fit

• Acquisition of a high-grade silver mine near existing operations accelerates production growth and leverages current mill capacity.

• Ore type and metallurgy match current feed, supporting seamless integration and expansion of antimony output to meet U.S. demand.

• Asset is located nine miles from current operations, enabling logistical and workforce synergies.

• Significant exploration upside with only 5% of private land drilled and a five-year aggressive drill program planned.

• The deal is supported by major shareholders and is expected to provide near-term cash flow and long-term production growth.

Financial terms and conditions

• Purchase price is approximately US$65 million, consisting of US$20 million in cash and 11.1 million shares valued at US$45 million.

• The acquisition is funded by a concurrent US$65 million bought deal private placement, with an option to increase to US$75 million.

• Transaction expected to close in early December 2025, subject to regulatory approvals.

Synergies and expected cost savings

• Proximity allows leveraging existing workforce, equipment, and vendor relationships, reducing capital outlay and operating costs.

• Underutilized mill capacity will be filled, improving asset utilization and reducing per-unit costs.

• Anticipated procurement savings, equipment sharing, and G&A efficiencies.