Americas Gold and Silver Announces Strategic Acquisition of Crescent Silver Mine in Idaho and Concurrent US$65 Million Financing.

Americas Gold and Silver has agreed to acquire Crescent Silver, LLC, owner of the Crescent Mine in Idaho, for approximately US$65 million. The acquisition includes a cash payment of US$20 million and the issuance of approximately 11.1 million common shares of Americas. To fund the acquisition, Americas will complete a concurrent equity financing for gross proceeds of US$65 million. The Crescent Mine contains a historical mineral resource of 3.8 Moz (201k tons @ 19.1 opt) and has the potential to add 1.4-1.6 Moz of silver production annually.