07:05 AM EST, 11/13/2025 (MT Newswires) -- Americas Gold and Silver ( USAS ) on Thursday said it has agreed to acquire 100% of Crescent Silver, which owns the Crescent mine in Idaho, for US$65 million.

The consideration is composed of $20 million in cash and about 11.1 million Americas common shares, both payable upon deal closing.

The value of the equity consideration will be about $45 million based on a deemed price of $4 per Americas common share.

To fund the deal, Americas has entered into an agreement with Canaccord Genuity and BMO Capital Markets, on behalf of a syndicate of underwriters, to complete an equity financing to raise $65 million through a "bought deal" private placement of common shares.

The Crescent mine is located about 9 miles from the Galena Complex within the prolific Idaho Silver Valley. It is also located between two large and historic mines, Sunshine and Bunker Hill. The company expects to use its existing Galena and Coeur mills to process mineralized material from the Crescent mine, given its proximity to the Galena Complex.

The mine has the potential to add 1.4 million to 1.6 million ounces of silver per year. Americas plans to complete adjustments to develop a mine plan to maximize production. The mine is also expected to contribute to Galena's growing antimony resource.

The acquisition is supported by Eric Sprott, Americas' largest shareholder, who has committed to participating in the equity financing along with other institutional investors.

Americas' share price at last look lost 1.5% in U.S. pre-market trading on Thursday.