DealsJun 11, 2026, 06:36 AM
Americas Gold & Silver Settles Delivery Obligations with Sprott & IRC
AI Summary
Americas Gold and Silver Corporation announced the closing of agreements to settle its remaining silver and gold delivery obligations. The company terminated its silver delivery obligation with Sprott Mining Inc. by issuing shares, and settled its gold delivery obligation with International Royalty Corporation through a combination of gold delivery and share issuance. These transactions aim to resolve outstanding delivery commitments and strengthen the company's financial structure.
Key Highlights
- Americas Gold & Silver Corp closed an agreement with Sprott Mining Inc. to terminate silver delivery obligations in exchange for company shares.
- The company settled its remaining gold delivery obligation to International Royalty Corp. by delivering gold and issuing company shares.
- 7,956,696 shares of Americas Gold & Silver Corp were issued to Sprott Mining Inc. at a deemed price of US$5.57 per share.
- 5,000 ounces of gold were delivered by the company to IRC, and 2,652,532 common shares were issued at a deemed price of US$5.86 per share.
Price Impact
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