Americas Gold and Silver Corporation closed its acquisition of Crescent Silver, LLC, the owner of the Crescent Mine in Idaho, on December 12, 2025. The transaction was structured with a $20 million cash payment and the issuance of approximately 11.1 million common shares to Crescent’s owners, giving the company full ownership of the mine.
The Crescent Mine is a fully permitted underground operation that has historically produced over 25 million ounces of silver at an average grade of 26 opt (891 g/t). Located just 9 miles from the company’s Galena Complex, the mine’s high‑grade, tetrahedrite‑rich ore complements the antimony‑rich ore already processed at Galena’s mills, creating a seamless feed that can be restarted quickly and at low incremental cost.
Americas Gold and Silver secured significant financing to support the acquisition and future development. A $65 million private placement was announced in conjunction with the acquisition agreement, and a larger $132.25 million private placement closed on December 4, 2025, providing the cash needed for the Crescent purchase and additional capital for advancement. The company also secured $100 million in long‑term debt financing in June 2025, ensuring a fully funded balance sheet for the next phase of growth.
The acquisition expands the company’s Idaho footprint and adds a proven high‑grade silver asset that can be integrated into existing operations. Restarting the Crescent Mine will supply the Galena Complex with a reliable source of high‑grade feed, accelerating the ramp‑up of production and supporting the company’s goal of generating significant cash flow by 2026. The addition also strengthens the company’s position as the largest active U.S. antimony producer, as the tetrahedrite ore contains valuable antimony by‑product that aligns with the company’s strategic focus.
Chairman and CEO Paul Andre Huet emphasized that the acquisition is a strategic fit that will enhance production efficiency and cash‑flow generation. He noted that the company is fully funded for the planned capital investments and that the integration of Crescent will accelerate the Galena Complex’s ramp‑up, positioning the company for stronger performance in the coming years.
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