Strategic Acquisition Expands Silver Footprint in Prolific Idaho Silver Valley
Americas Gold and Silver Corporation has taken a significant step to accelerate its silver production growth in Idaho through the proposed strategic acquisition of the neighboring Crescent Silver Mine. The Toronto-based company announced on November 13, 2025, that it has entered into a binding purchase agreement to acquire 100% of Crescent Silver, LLC for total consideration of approximately US$65 million.
Transaction Details and Financing Structure
The acquisition consideration consists of US$20 million in cash and approximately 11.1 million common shares of Americas Gold and Silver, valued at approximately US$45 million based on a deemed price of US$4.00 per share. To fund the cash portion of the purchase price and provide additional capital to advance the Crescent Mine, the company has arranged a concurrent US$65 million bought deal financing through Canaccord Genuity Corp. and BMO Capital Markets.
Notably, Eric Sprott, Americas' largest shareholder, has committed to participate in the concurrent financing alongside several other key institutional investors, demonstrating strong support for the strategic transaction.
Significant Resource Potential and Production Outlook
The Crescent Mine represents a substantial addition to Americas' portfolio with impressive mineral resources. The property contains a historical mineral resource estimate of 3.8 million ounces in the Measured and Indicated category and 19.1 million ounces in the Inferred category. The mineralized material features similar silver-copper-antimony tetrahedrite material currently processed at the company's existing Galena Complex.
Based on a 2015 PEA completed by Tetra Tech, the Crescent Mine has the potential to add 1.4-1.6 million ounces of silver production annually. While the PEA wouldn't be considered current under NI 43-101 standards, it provides a baseline for the property's significant production potential.
Strategic Synergies and Operational Advantages
The acquisition offers immediate strategic benefits given the Crescent Mine's proximity to Americas' existing Galena Complex, located approximately 9 miles away within the prolific Idaho Silver Valley. The company expects to leverage its existing milling infrastructure at both Galena and Coeur facilities to process high-grade mineralized material from the Crescent Mine.
The Crescent Mine comes fully permitted with existing infrastructure including the mine itself, the New Jersey Mill with 440 tons per day capacity, corporate offices, shops, warehouses, and permanent power installations. The property sits on 100% privately owned land, simplifying regulatory requirements.
Exploration Upside and Future Development Plans
Perhaps most exciting for long-term growth prospects is the substantial exploration potential remaining at the Crescent property. Less than 5% of the landholding has been explored to date, with only two veins targeted for production. Multiple untested veins and fault structures present significant discovery opportunities.
The company plans to initiate an aggressive 5-year drill program beginning in 2026 to test multiple targets from both surface and underground. This systematic exploration approach mirrors the company's successful strategy at the Galena Complex and sets the stage for long-term resource growth and operational success.
The acquisition also strengthens Americas' exposure to antimony, contributing to the company's strategy to meet increased demand for domestic antimony supply in the United States, particularly important given the mineral's strategic importance for various industrial and defense applications.
