07:59 AM EDT, 06/03/2025 (MT Newswires) -- Americas Gold and Silver ( USAS ) , a North American precious metals producer, on Tuesday said it arranged US$100 million of senior secured debt facility to fund growth and development capital spending at the Galena Complex.

The US$100 million term loan facility consists of a term loan with proceeds of US$50 million that will be advanced at closing, and two additional tranches of US$25 million. Closing of the transaction is subject to customary conditions precedent, with funding of the US$50 million of term loan proceeds expected to occur during the month of June.

The company also entered into an offtake agreement with Ocean Partners USA for treatment of up to 100% of the concentrates from its Galena Complex at Teck Resources Limited's (TECK-A.TO) Trail Operations in Trail British Columbia. The private placement is expected to close on or about June 4.

Ocean Partners will subscribe for 16.8 million common shares in Americas Gold and Silver ( USAS ) at $0.95 per common share for US$11.5 million, as a condition to closing the term loan facility and in conjunction with the Offtake agreement.

U.S.-listed shares of the company were last seen up near 1% at $0.6501 in pre-market trading.