Mr. Maxim Kouxenko reports

AMERICAS GOLD AND SILVER ANNOUNCES UPSIZE OF "BOUGHT DEAL" PRIVATE PLACEMENT TO US$115 MILLION

As a result of strong investor demand, Americas Gold and Silver Corp. has amended its agreement with a syndicate of underwriters led by Canaccord Genuity Corp. and BMO Capital Markets to increase the size of its previously announced bought deal private placement to aggregate gross proceeds of $115-million (U.S.). The offering (as defined herein) shall consist of 28.75 million common shares of the company at a price of $4 (U.S.) per common share.

The company has also granted the underwriters an option to purchase up to an additional 4,312,500 common shares at $4 (U.S.) per common share for additional gross proceeds of up to $17.25-million (U.S.), which option is exercisable, in whole or in part, at any time up to 48 hours prior to the closing of the offering.

The net proceeds of the offering will be used to finance the cash portion of the purchase price in connection with the acquisition and to finance capital expenditures and support working capital at the Crescent mine following completion of the acquisition as well as for working capital and general corporate purposes.

The common shares will be offered on a private placement basis pursuant to available exemptions from the prospectus requirement in each of the provinces of Canada and in such other jurisdictions as may be mutually agreed to by the company and the underwriters. It is anticipated that closing of the offering will occur on or about Dec. 3, 2025, or such other date or dates as the company and the underwriters may agree. The offering is subject to the satisfaction of certain conditions, including receipt of all applicable regulatory approvals, including the conditional approval of the Toronto Stock Exchange. The securities to be issued under the offering will be subject to a hold period expiring four months and one day from the applicable closing date in accordance with applicable Canadian securities laws.

About Americas Gold and Silver Corp.

Americas Gold & Silver is a rapidly growing North American mining company producing silver, copper and antimony from high-grade operations in the United States and Mexico. In December, 2024, Americas took full ownership of the Galena complex (Idaho) in a transaction with a management team led by Eric Sprott and Paul Huet, solidifying Galena as a cornerstone U.S. silver asset and the nation's leading active antimony-producing mine. Americas also owns and operates the Cosala operations in Sinaloa, Mexico. With Mr. Sprott now its largest shareholder (approximately 20 per cent), Americas is fully financed to grow Galena following a $50-million deal (October, 2024) and $100-million (U.S.) term loan (June, 2025). The company has a new non-restrictive, five-year, multimetal offtake agreement with Ocean Partners for treatment of any amount of Galena's concentrates at Teck Resources' British Columbia smelter. Americas aims to be a leading North American silver producer and a key source of U.S.-produced antimony.

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