Americas Gold and Silver (USA) Corporate presentation summary

Strategic growth and operational highlights

• Achieved 100% ownership of the Galena Complex and acquired the Crescent Silver Mine to drive growth in Idaho’s Silver Valley, with ~80% of revenue derived from silver and a strengthened balance sheet through over $300M in financings.

• Leadership team has a proven track record of operational turnarounds and value creation, with experience from successful exits at Karora Resources and Klondex Mines.

• Major upgrades completed at Galena, including doubling hoisting capacity, deploying new mining equipment, and implementing mechanized mining for a 300% productivity increase since 2024.

• Largest-ever exploration program underway, targeting high-grade Ag-Cu-Sb zones and expanding resources at both Idaho and Mexico operations.

• Consolidated M&I silver resources grew to 116 Moz (+10%) at 240 g/t Ag, with Galena alone at 87.9 Moz (+19%) at 501 g/t Ag, among the highest grades globally.

Production, cost guidance, and project pipeline

• 2026 production guidance targets 3.2–3.6 Moz silver, a ~30% increase over 2025, with AISC of $30–35/oz and $90–120M in total capital investments.

• Crescent Mine acquisition for ~$65M is expected to add ~1.5 Moz Ag/year, leveraging existing processing capacity and infrastructure.

• Cosalá Operations in Mexico achieved record 2025 production of 1.2 Moz Ag and entered commercial production at EC120, with ongoing drilling to extend mine life.

• JV with U.S. Antimony (UAMY) positions Galena as the largest active antimony mine in the U.S., unlocking downstream value and critical mineral security.

• Planned upgrades for 2026/27 include further hoisting enhancements and a new paste fill plant to support expanded long hole stoping and scalable growth.

Exploration and resource expansion

• 2025–2026 drilling discovered multiple high-grade veins, including intercepts up to 24,913 g/t Ag and 16.9% Cu (149 Vein), and 4,458 g/t Ag, 3.34% Cu, 1.5% Sb (034 Vein).

• 520 Vein discovery at Coeur Mine returned 619 g/t Ag, 1.1% Cu, 0.65% Sb over 1.1m, with the vein open in all directions.

• Crescent Mine offers significant exploration upside, with only 5% of landholding explored and major drilling planned for 2026.

• Cosalá exploration identified seven major geophysical targets, with recent discoveries including 27.6m of 69 g/t Ag, 0.2 g/t Au, and 0.2% Cu.

• Galena Complex’s resource growth driven by infill and surface drilling, targeting conversion to higher confidence categories and high-grade zones.