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Americas Gold and Silver Posts High-Grade 149 Vein Extension, Effective Date of Share Consolidation
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Americas Gold and Silver Posts High-Grade 149 Vein Extension, Effective Date of Share Consolidation
Aug 22, 2025 4:20 AM

07:02 AM EDT, 08/22/2025 (MT Newswires) -- Americas Gold and Silver ( USAS ) on Friday released exploration results from the Galena Complex, identifying a high-grade upper extension of the 149 Vein, and added that its share consolidation has been effected.

Highlights of the results include 24,913 grams per tonne silver and 17% copper over 0.21 meters. Drilling has identified a high-grade copper-silver-antimony vein believed to be the upper extension of the 149 Vein.

The three holes drilled to date demonstrate nearly 120 meters of vertical continuity above current mining level.

Separately, Americas Gold and Silver ( USAS ) said trading on a post-consolidation basis is expected to start at market open on Aug. 26, on the basis of 1 post-consolidation common share for every 2.5 pre-consolidation common shares.

The consolidation reduced the number of issued and outstanding common shares to 271.7 million from 679.4 million.

The company's share price at last look lost 2.3% to US$0.88 in U.S. pre-market trading on Friday.

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