Americas Gold and Silver Corporation: Agreement to Settle Fixed Gold Delivery Obligation

Americas Gold and Silver Corporation has reached an agreement with International Royalty Corporation (IRC), an affiliate of Royal Gold, Inc., to settle its remaining obligation of 8,861 ounces of gold delivery between June 2026 and December 2027. The settlement involves the immediate delivery of 5,000 ounces of gold and 2,652,532 common shares of Americas Gold and Silver Corporation at a deemed price of US$5.86 per share. The gold delivery is funded by proceeds from unwound gold price protection instruments and cash on hand. This agreement, along with a previously announced termination of a silver delivery obligation, eliminates over US$85 million in variable future debt obligations. The company expects this to strengthen its balance sheet, increase silver price leverage, and simplify the relationship between silver prices and its bottom line, allowing for reinvestment in operations.