Americas Gold and Silver (USA) Corporate presentation summary

Strategic transformation and growth initiatives

• Consolidated ownership of Galena Complex and acquired Crescent Mine, boosting high-grade silver and antimony output in Idaho's Silver Valley.

• Over $300M raised in equity and debt to fund mine upgrades, reduce liabilities, and support acquisitions.

• Crescent Mine acquisition adds potential 1.4–1.6 Moz Ag annually, leveraging synergies with Galena and Coeur mills.

• Institutional ownership increased from 8% to over 70%, with Eric Sprott as the largest shareholder at ~14%.

• Management and board have a strong track record of successful turnarounds and M&A in the mining sector.

Operational enhancements and exploration

• Galena Complex upgrades include doubling hoisting capacity, new equipment, and introduction of long hole stoping for cost and productivity gains.

• Major high-grade discoveries at Galena: 034 Vein (up to 4,458 g/t Ag) and 149 Vein (up to 24,913 g/t Ag, 16.9% Cu).

• Ongoing infill and exploration drilling targeting resource expansion at Galena and Crescent, with less than 5% of Crescent's land explored.

• Cosalá Operations in Mexico remain a strong cash-flow pillar, transitioning to EC120 Mine with targeted AISC of $10–12/oz.

• New antimony processing JV with US Antimony to unlock downstream value and enhance U.S. critical mineral security.

Financial performance and value proposition

• Over 80% of revenue projected from silver by 2025, ranking among the highest globally for silver exposure.

• Attractive valuation at 0.74x NAV, below peer average of 1.04x, with significant upside potential.

• Fully funded for growth with $300M+ raised and liabilities reduced by $35M+.

• Crescent acquisition funded by $132M oversubscribed financing; total consideration ~$65M.

• Strong institutional and insider ownership, with ~70% of shares held by management, institutions, and insiders.