DealsMay 22, 2026, 06:41 AM
Americas Gold & Silver Terminates Silver Delivery Agreement with Sprott
AI Summary
Americas Gold & Silver Corp. has reached an agreement with Sprott Mining Inc. to terminate the remaining obligation under their Silver Delivery Agreement. Sprott Mining will receive 7,956,696 common shares of the Company at a deemed price of US$5.57 per share in exchange for the remaining 592,000 ounces of silver obligation. This strategic move strengthens the company's balance sheet by removing over $45 million in variable future debt obligations and reflects a strong endorsement from its largest shareholder, Eric Sprott.
Key Highlights
- Agreement to terminate Silver Delivery Agreement with Sprott Mining Inc.
- Remaining obligation of 592,000 ounces of silver terminated.
- Sprott Mining to receive 7,956,696 common shares of Americas Gold & Silver.
- Shares issued at a deemed price of US$5.57 per share.
- Eliminates over $45 million in variable future debt obligations.
- Share issuance is subject to TSX approval and a four-month hold period.
Price Impact
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