Americas Gold and Silver Signs Joint Venture Agreement with US Antimony to Construct Antimony Processing Facility in Idaho's Silver Valley - Unlocking Value from Its Antimony Production and Strengthening U.S. Critical Mineral Security
Rhea-AI Summary
Americas Gold and Silver (NYSE American: USAS) and US Antimony (NYSE American: UAMY) formed a 51/49 joint venture to build an antimony processing plant at Americas' Galena Complex in Idaho's Silver Valley. The JV will process Americas' antimony feedstock, target an 18-month construction timeline after budget approval, and negotiate supply agreements within 90 days. Americas expects to be paid market terms for mined antimony and to capture 51% of downstream processing profits, while US Antimony will operate the facility and provide technical and marketing expertise.
Positive
- JV majority ownership: Americas holds 51% stake
- Onshore processing: plant located at Galena Complex, Idaho
- Americas supplies feedstock with priority processing rights
- Expected 18-month construction timeline after budget approval
- Americas to receive market terms for mined antimony
Negative
- Capital contributions may dilute ownership if not met
- Supply agreements must be negotiated in 90 days or construction can pause
- US Antimony designated operator despite Americas' majority ownership
Key Figures
Market Reality Check
Peers on Argus
USAS gained 12.2% while peers showed mixed, smaller moves: CRML +10.83%, CMP +3.79%, LAC +
Previous Partnership Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Oct 14 | Government engagement partnership | Positive | -2.0% | Engaged Lot Sixteen to advance U.S. Government support for antimony processing. |
For partnership-type announcements, the only prior event saw a modest negative reaction of about -1.98%, whereas today’s JV news coincides with a notably stronger positive move of +12.2%.
Recent news for Americas Gold and Silver has focused on growth at its Idaho and Mexican assets, corporate financing, and antimony-focused initiatives. A key prior partnership on Oct 14, 2025 engaged Lot Sixteen to advance U.S. Government discussions on antimony processing and a potential dedicated plant in Idaho’s Silver Valley. That announcement, tagged as a partnership, saw a -1.98% price reaction. Today’s JV agreement advances those concepts into a concrete plan to construct and operate an antimony processing facility at the Galena Complex.
Historical Comparison
In the past, USAS’s only similar partnership release on Oct 14, 2025 moved the stock about -1.98%. Today’s JV news and +12.2% pre-news gain mark a much stronger reaction than that prior partnership update.
Partnership news has progressed from engaging a D.C. firm to explore U.S. antimony support and potential processing facilities, to a definitive JV agreement with US Antimony to construct and operate an antimony processing plant at the Galena Complex in Idaho’s Silver Valley.
Regulatory & Risk Context
An effective F-3 resale registration dated Jan 23, 2026 covers 2,890,000 common shares issued as acquisition consideration. The company is not selling shares under this filing and will not receive proceeds; sales would come from the selling shareholder over time.
Market Pulse Summary
This announcement details a definitive JV between Americas Gold and Silver and US Antimony to construct an antimony processing facility at the Galena Complex, with a 51%/49% ownership split and an 18‑month construction window. It advances prior government‑engagement efforts toward a fully integrated domestic antimony solution. Key considerations include successful negotiation of supply agreements within 90 days, managing capital contributions and potential dead‑lock provisions, and execution on increasing antimony output from the Galena tetrahedrite ore.
Key Terms
joint venture financial
offtake financial
critical mineral technical
antimony technical
tetrahedrite technical
AI-generated analysis. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - February 10, 2026) - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas", or the "Company") a growing North American precious metals and antimony producer, is pleased to announce that it has entered into a definitive agreement (the "Agreement") with United States Antimony (NYSE American: UAMY) ("US Antimony") forming a Joint Venture through operating subsidiaries (the "JV") to construct and operate an antimony processing plant (the "JV Facility") in Idaho's Silver Valley.
The JV, which will be
Highlights:
- U.S.-Based Vertical Integration: The JV will construct a new antimony processing plant in Idaho's Silver Valley. This construction and processing business will be overseen by representatives of each company.
- Americas-Controlled Feedstock and Site: Americas will contribute the site under existing operating permits for the JV Facility at its Galena Complex in Idaho and will sell antimony feed material mined from the Galena Complex to the JV on market terms. While Americas material will have priority, the JV Facility will also have the potential to process from other mines.
- Operational and Market Expertise: US Antimony will contribute its knowledge and technical expertise in constructing and operating these types of facilities and will provide the JV with access to its extensive antimony marketing network including the U.S. Government. Subject to the completion of supply agreements as contemplated by the JV in the following 90 days, US Antimony will purchase the antimony produced by the JV at market terms.
Paul Andre Huet, Chairman and CEO of Americas Gold and Silver, commented: "Today's Agreement with US Antimony to build an antimony processing facility at the Company's Galena Complex is a major milestone in unlocking significant value for Americas shareholders. The JV will provide Americas the opportunity to leverage our position as the largest antimony producer in the United States to become a significant player in the downstream antimony market and realize value being left on the table under our current offtake terms for by-product antimony contained in the silver concentrate produced form Americas Galena Complex.
Under the Agreement, once the JV Facility is operational, Americas will be paid for the antimony we mine at market terms. Additionally, Americas will also capture
The idea of working together with the US Antimony team on a JV in Idaho's Silver Valley came together very quickly after our respective teams met as it became apparent that we had a similar style and sense of purpose in how we operate. There was immediate positive energy from the US Antimony team to collaborate with our team to harness the collective strengths of our respective businesses to build value together. The JV is a win-win transaction for both Americas and US Antimony to create value for our respective shareholders. Americas is already the largest antimony producer in the United States, poised for significant growth. US Antimony is a proven and well-established player in the downstream antimony processing business with strong technical knowledge, significant antimony marketing networks and extensive contacts with the US government to provide this critical mineral. Importantly, the JV will provide an entirely "made in the USA" solution from mine to finished product for antimony.
The timing of this arrangement meshes very well with our expected ramp-up of antimony production coinciding with our move towards mining high-grade silver-copper-antimony tetrahedrite ore. In 2025 alone we produced 561,000 pounds of antimony contained in concentrate from the Galena Complex and we're just getting started. We are very excited to roll up our sleeves and work together with the US Antimony team to write the next chapter and do our part to strengthen the U.S. based critical mineral space."
Gary C. Evans, Chairman and CEO of US Antimony, commented: "It has become apparent after meeting with management at Americas that our two companies have very similar characteristics as well as similar aggressive growth initiatives underway in our various fields. Both of our respective management leadership teams are aligned with similar entrepreneurial desires to continue to be innovators in the critical mineral space. All minerals being mined by Americas are deemed 'critical'. As we all know, our country is playing 'catch-up' today with our adversaries, and we are combining today both of our financial and management resources to more quickly make advancements in the US-based critical mineral space. With our new innovative, one-of-a-kind processing center, we believe we will be 'fast-tracking' to further accomplish that mutual goal. While other companies in the space are talking about years to be in production and potential processing of ore, we continue our progress today. Since this project scope directly aligns with the interest and objectives of the various federal government agencies regarding its overall critical mineral objectives, we have already prepared the necessary paperwork for submittal to hopefully achieve government funding."
Certain Terms of the JV Agreement:
Americas holds a
About Americas Gold and Silver Corporation
Americas Gold & Silver is a rapidly growing North American mining company producing silver, copper, and antimony from high-grade operations in the U.S. & Mexico. In December 2024, Americas acquired
For more information:
Maxim Kouxenko
Manager, Investor Relations
Americas Gold and Silver Corporation
+1 (647) 888-6458
Cautionary Statement on Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas' expectations, intentions, plans, assumptions, and beliefs with respect to, among other things, the ability to achieve the completion on the matters contemplated in the JV Agreement, production results and maintain conditions for operational results and expectations described herein, and the predictability and strategic value of the JV are subject to the risks and uncertainties outlined below. Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate," "believe," "expect," "goal," "plan," "intend," "potential," "estimate," "may," "assume," and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas to be materially different from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to: interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development, or production; general economic conditions and conditions affecting the mining industry; the uncertainty of regulatory requirements and approvals; potential litigation; security conditions in the areas where the Company's operations are located; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; risks associated with the mining industry generally, such as economic factors (including future commodity prices, currency fluctuations, and energy prices), ground conditions, failure of plant, equipment, processes, and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in grade or recovery rates, permitting timelines, capital expenditures, reclamation activities, labor relations; and risks related to changing global economic conditions and market volatility. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward-looking information is available in Americas' filings with the Canadian Securities Administrators on SEDAR+ and with the SEC. Americas does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events, or other such factors which affect this information, except as required by law. Americas does not give any assurance (1) that Americas will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward-looking information concerning Americas are expressly qualified in their entirety by the cautionary statements above.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283399
FAQ
What did Americas Gold and Silver (USAS) announce about an antimony JV on February 10, 2026?
How long will construction of the USAS antimony processing facility at Galena take?
What are the supply and sales terms for antimony under the USAS-US Antimony joint venture?
How does the JV affect Americas Gold and Silver's (USAS) role in antimony production and profits?
What governance and operator arrangements were agreed for the USAS joint venture with US Antimony?
