Americas GOLD and Silver Closes US$100 Million Debt Financing with SAF Group and Provides Galena Update
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AMERICAS GOLD AND SILVER CLOSES US$100 MILLION DEBT FINANCING WITH SAF GROUP AND
PROVIDES GALENA UPDATE
TORONTO, ONTARIO – June 25, 2025 – Americas Gold and Silver CorporaƟon (TSX: USA) (NYSE American:
USAS) (“Americas”, “AGS” or the “Company”), a grow ing North American precious metals producer, is
pleased to announce that it has closed its previous ly announced (see AGS news release dated June 3,
2025) US$100 million senior secured debt facility ("Term Loan Facility”) provided by funds affiliated with
SAF Group (“SAF”), primarily to fund growth and deve lopment capital spending at the Galena Complex.
The US$100 million Term Loan Facility consists of th ree tranches as follows: a US$50 million term loan
which was advanced to Americas upon closing, and two addi Ɵonal tranches of US$25 million each which
are available to the Company aŌer saƟsfying certain condiƟons precedent.
Paul Andre Huet, Chairman and CEO, commented: “The Term Loan Facility ensures we have the balance
sheet strength to implement our aggressive major gr owth strategy at the Galena Complex. The US$100
million debt financing is criƟcal to our plans to increase development rates and tonnage mined, and reduce
unit costs at Galena. The Term Loan Facility has been strategically structured into three tranches to match
the pace of our capital plans for a sustained period of robust producƟon growth.
The Americas team is progressing we ll on our plans with the reintroduc Ɵon of longhole stoping and
associated underground development, conƟnued major equipment purchases and upgrades to the No. 3
shaŌ.
Americas recently mobilized a new longhole drill at Galena which is now acƟvely drilling longhole stoping
areas. The longhole stoping mining method is expected to provide several advantages compared to the
exisƟng predominant underhand cut-and- fill mining method. Advantages include improved safety and
producƟvity, lower costs, and increased back fill capacity to reduce waste hois Ɵng requirements. In
addiƟon, the Company has bolstered its underground mining fleet with the acquisi Ɵon of 10 new pieces
of equipment made up of seven loaders – ranging from 2-yard to 4-yard capaci Ɵes - and three 20-tonne
haul trucks. The expanded fleet will support the producƟvity gains and reduced unit costs expected to be
achieved as increased longhole stoping is implemented.
We are also advancing trade o ff studies focused on overall materials handling at Galena to op Ɵmize
producƟvity underground and hoisƟng schedules.
Finally, I would like to express how pleased we are to have the support of a world-class organizaƟon in SAF
to help us deliver our value creaƟon vision.”
Term Loan Facility
The Term Loan Facility consists of:
A term loan with proceeds of US$50 million advanced at closing. The ini Ɵal tranche advanced on
the closing date is subject to an interest rate of SOFR (4% floor) plus 6% per annum and matures
60 months following the closing date. Principal will amor Ɵze over the term of the loan, with
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principal repayments commencing one year a Ōer the closing date and payable quarterly
thereaŌer.
Two addi Ɵonal US$25 million tranches that will be available to the Company upon the
achievement of certain condi Ɵons precedent. The first addiƟonal tranche will be subject to an
interest rate of SOFR (4% floor) plus 6% per annum a Ōer funding. The second addi Ɵonal tranche
will be subject to an interest rate of SOFR (4% floor) plus 4% per annum a Ōer funding. Principal
will amorƟze over the term of the loan with principal repayments commencing one year aŌer the
closing date and payable quarterly thereaŌer.
SAF holds senior security over all the Company’s assets and undertakings other than those rela Ɵng to
Americas Cosalá Opera Ɵons located in Sinaloa, Mexico and its Relief Canyon Project located in Nevada,
USA, which are secured in priority to SAF by Trafigura and Sandstorm, respecƟvely for the duraƟon of those
financing arrangements. The Term Loan Facility is s ubject to an agreed OID and other fees that are
customary for a facility of this size.
About Americas Gold and Silver CorporaƟon
Americas Gold and Silver is a growing precious metals mining company with mul Ɵple assets in North
America. The Company owns and operates the Cosalá Opera Ɵons in Sinaloa, Mexico. In December 2024,
the Company acquired 100% ownership in the Galena Complex (located in Idaho, USA) in a transac Ɵon
with Eric Spro Ʃ and a Paul Huet-led management team, further strengthening its posi Ɵon as a leading
silver producer. Eric SproƩ is now the largest shareholder in the company, holding a ~20% interest. With
these strategically posi Ɵoned assets, Americas Gold and Silver is focused on becoming one of the top
North American silver-focused producers with an objec Ɵve of over 80% of its revenue gener at ed fr om
silver by the end of 2025.
For further informaƟon, please contact:
Maxim Kouxenko - Manager, Investor RelaƟons
M: 647-888-6458
W: americas-gold.com
CauƟonary Statement on Forward-Looking InformaƟon:
This news release contains “forward-looking informaƟon” within the meaning of applicable securiƟes laws.
Forward-looking informaƟon includes, but is not limited to, Americas’ expecta Ɵons, inten Ɵons, plans,
assumpƟons, and beliefs with respect to, among other things, the poten Ɵal to complete any or all of the
applicable financings referenced in this release in the manner described including the Term Loan Facility
on its terms, and are subject to the risks and uncertainƟes outlined below. OŌen, but not always, forward-
looking informaƟon can be iden Ɵfied by forward-looking words such as “an Ɵcipate,” “believe,” “expect,”
“goal,” “plan,” “intend,” “potenƟal,” “esƟmate,” “may,” “assume,” and “will” or similar words suggesƟng
future outcomes, or other expectaƟons, beliefs, plans, objecƟves, assumpƟons, intenƟons, or statements
about future events or performance. Forward-looking informaƟon is based on the opinions and esƟmates
o f A m e r i c a s a s o f t h e d a t e s u c h i n f o r m aƟon is provided and is subject to known and unknown risks,
uncertainƟes, and other factors that may cause the actual results, level of ac Ɵvity, performance, or
achievements of Americas to be materially di fferent from those expressed or implied by such forward-
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looking informa Ɵon. These risks and uncertain Ɵes include, but are not limited to: interpreta Ɵons or
reinterpretaƟons of geologic informa Ɵon; unfavorable explora Ɵon results; inability to obtain permits
required for future exploraƟon, development, or producƟon; general economic condiƟons and condiƟons
affecƟng the mining industry; the uncertainty of regulatory requirements and approvals; poten Ɵal
liƟgaƟon; fluctuaƟng 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 fluctuaƟons, and energy prices), ground condi Ɵons, failure
of plant, equipment, processes, and transportaƟon services to operate as anƟcipated, environmental risks,
government regulaƟon, actual results of current exploraƟon and producƟon acƟviƟes, possible variaƟons
in grade or recovery rates, permi ƫng Ɵmelines, capital expenditures, reclama Ɵon ac ƟviƟes, labor
relaƟons; and risks related to changing global economic condi Ɵons and market vola Ɵlity. Although the
Company has aƩempted to idenƟfy important factors that could cause actual results to di ffer materially
from those contained in forward-looking informaƟon, there may be other factors that cause results not to
be as an Ɵcipated, esƟmated, or intended. Readers are cau Ɵoned not to place undue reliance on such
informaƟon. AddiƟonal informaƟon regarding the factors that may cause actual results to differ materially
from this forward-looking informa Ɵon is available in Americas’ filings with the Canadian Securi Ɵes
Administrators on SEDAR+ and with the SEC. Americas does not undertake any obliga Ɵon to update
publicly or otherwise revise any forward-looking informa Ɵon whether as a result of new informa Ɵon,
future events, or other such factors which a ffect this informa Ɵon, except as required by law. Americas
does not give any assurance (1) that Americas will achieve its expectaƟons, or (2) concerning the result or
Ɵming thereof. All subsequent wri Ʃen and oral forward-looking informa Ɵon concerning Americas are
expressly qualified in their enƟrety by the cauƟonary statements above.