Proxy Firms ISS and Glass Lewis Back Americas Gold and Silver's Galena Complex Acquisition

Leading independent proxy advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis & Co., LLC, have both recommended that Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) shareholders vote in favor of all resolutions related to the proposed acquisition of the remaining 40% interest in the Galena Complex. This endorsement highlights the strategic and financial benefits of the acquisition, which aligns with Americas Gold and Silver's growth strategy and is expected to enhance its production profile, increase cash flow, and improve operational flexibility.

The Galena Complex, located in Idaho's Silver Valley, has a large resource base with high-confidence exploration targets along extensions and below existing resources, including potential for deeper-level, high-grade targets. With more than 50 years of operating history and total production of over 250 million ounces of silver, the Galena Complex hosts three active shafts and two process facilities, providing Americas Gold and Silver with a robust foundation for growth. The acquisition allows the company to consolidate ownership and control of the Galena Complex, enabling better operational flexibility and improved resource management.



The proposed acquisition is structured at an attractive valuation, with Americas Gold and Silver paying $10 million in cash and issuing 1.5 million shares to acquire the remaining 40% interest. This valuation reflects a significant discount to the current market capitalization of the Galena Complex, indicating that the acquisition is financially compelling for Americas Gold and Silver shareholders.



The joint venture terms and potential for increased operational control significantly contribute to the positive recommendations by ISS and Glass Lewis. Americas Gold and Silver's proposed acquisition of the remaining 40% interest in the Galena Complex offers shareholders the opportunity to gain full control over the property, which has a large resource base and high-confidence exploration targets. With the Galena Complex's more than 50 years of operating history and total production of over 250 million ounces of silver, increased operational control could lead to improved operational flexibility, better resource management, and enhanced profitability.

In conclusion, the acquisition of the remaining 40% interest in the Galena Complex by Americas Gold and Silver Corporation is a strategic move that aligns with the company's growth strategy. The acquisition is expected to enhance Americas Gold and Silver's production profile, increase cash flow, and improve operational flexibility. The positive recommendations by ISS and Glass Lewis reflect the strategic and financial benefits of the acquisition, which is structured at an attractive valuation. The acquisition is expected to provide Americas Gold and Silver with a significant source of precious metals, further solidifying its position as a high-growth precious metals mining company in North America.