Americas Gold And Silver To Acquire Crescent Silver For $65 Million

2025-11-13 09:00:34

(MENAFN- AsiaNet News)

Americas Gold and Silver Corp. (USAS) announced on Thursday that it signed a binding agreement to acquire 100% of Crescent Silver, LLC, owner of the Crescent Mine in Idaho, for around $65 million.

The acquisition includes $20 million in cash and about 11.1 million USAS common shares, valued at roughly $45 million based on a price of $4 per share.

In addition to containing high-grade silver, the Crescent mine also contains copper and antimony.

To fund the cash portion, USAS entered into a“bought deal” private placement with Canaccord Genuity Corp. and BMO Capital Markets to raise gross proceeds of $65 million through equity financing.

USAS stock was down 2.9% in premarket trade.

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