SCHEDULE: Sprott Boosts Americas Gold & Silver Stake to 16.32%

Eric Sprott and his affiliated entities have increased their beneficial ownership in Americas Gold & Silver Corp to 16.32% following a $3.6 million private share purchase.

Summary

• Eric Sprott, along with 2176423 Ontario Ltd. and Sprott Mining Inc., collectively beneficially own 50,053,940 Common Shares of Americas Gold & Silver Corp.
• This aggregate ownership represents approximately 16.32% of the Issuer's Common Shares Outstanding, based on 306,692,103 shares reported outstanding on December 2, 2025.
• On December 4, 2025, 2176423 Ontario Ltd. completed a private purchase of 900,000 Common Shares at a price of $4.00 per share.
• The total gross proceeds from this private purchase amounted to approximately $3,600,000.
• The funds for this acquisition came from the working capital of 2176423 Ontario Ltd.
• This filing is Amendment No. 2 to the original Schedule 13D filed on December 23, 2024, and further amended on November 24, 2025, updating the percentage of shares beneficially owned.

Sentiment

Score: 7

Explanation: The increased stake by a prominent mining investor like Eric Sprott signals strong confidence in the company's future prospects, which is generally viewed positively by the market.

Positives

• Increased beneficial ownership by a prominent mining investor, Eric Sprott, signals strong confidence in Americas Gold & Silver Corp's future prospects.
• The private purchase injected $3.6 million into the Issuer, potentially strengthening its capital position.

Future Outlook

The filing primarily details a change in beneficial ownership and does not provide explicit forward-looking statements or guidance from Americas Gold & Silver Corp's management.

Industry Context

NA

Related Party Transactions

• The private purchase of 900,000 shares by 2176423 Ontario Ltd., an entity controlled by significant shareholder Eric Sprott, for $3,600,000.

Stakeholder Impact

• Shareholders may view the increased insider ownership as a positive signal of confidence in the company's valuation and future performance.
• The company received $3.6 million in proceeds from the private share purchase, which can be used to fund operations or strategic initiatives.

Key Dates

Recommendation

The significant increase in beneficial ownership by a well-known and respected mining investor like Eric Sprott, through a direct private purchase, indicates strong conviction in Americas Gold & Silver Corp's value and future potential. This insider buying often precedes positive developments or reflects a belief that the stock is undervalued, making it a compelling 'buy' signal for other investors.

Keywords

Americas Gold & Silver Corp, Eric Sprott, Sprott Mining, Beneficial Ownership, Schedule 13D, Mining Investment, Private Placement, Shareholder