Eric Sprott Announces Changes to His Holdings in Americas Gold and Silver Corporation

Rhea-AI Summary

Eric Sprott disclosed that Sprott Mining Inc., a corporation beneficially owned by him, sold 5,000,000 common shares of Americas Gold and Silver (NYSE:USAS) on December 9, 2025 on the Toronto Stock Exchange at about $6.7910 per share for aggregate consideration of $33,955,000.

Before the sale he beneficially owned 50,053,940 shares (≈16.3%); after the sale he owns 45,053,940 shares (≈14.7%), a 3.3% decrease since the last early warning filing. He retained a stated long-term view and may buy or sell future securities depending on market conditions.

Key Figures

Shares sold 5,000,000 shares Disposition by Sprott Mining Inc. over Toronto Stock Exchange

Sale price $6.7910 per share Price per share for Sprott Mining Inc. sale

Sale proceeds $33,955,000 Aggregate consideration for 5,000,000 shares sold

Holdings before sale 50,053,940 shares (16.3%) Beneficial ownership before disposition

Holdings after sale 45,053,940 shares (14.7%) Beneficial ownership after disposition

Ownership change 3.3% decrease Reduction in outstanding share ownership since last early warning report

Current price $4.95 Pre-news price; <b>0.87%</b> change over last 24h

52-week range $0.8738–$5.12 Current price is below 52-week high and above 52-week low

Market Reality Check

$4.95 Last Close

Volume Volume 3,761,555 vs 20-day average 3,254,368 (relative volume 1.16x) normal

Technical Price $4.95 is trading above 200-day MA at $2.50

Peers on Argus 1 Up

Peers showed mixed moves: NEXA up 4.99%, CRML up 1.27%, while CMP fell 9.97% and GSM slipped 0.67%, suggesting stock-specific factors around USAS.

Common Catalyst One peer, CRML, had partnership news on a mine-to-processing JV, but there is no broad shared sector catalyst.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 10	Q3 2025 results	Positive	+9.8%	Strong Q3 growth with higher silver production and revenue at Galena.
Oct 20	Production update	Positive	+3.1%	Reported 98% YoY increase in quarterly silver production in Q3 2025.
Oct 16	Antimony results	Positive	+1.7%	Detailed strong antimony and copper production and high extraction rates.
Oct 14	Government engagement	Positive	-2.0%	Partnership with Lot Sixteen to advance U.S. antimony processing initiatives.
Sep 16	Shaft upgrade	Positive	-4.4%	Completed Phase 1 No. 3 Shaft upgrades, doubling hoisting capacity at Galena.

Pattern Detected

Operational and production updates have generally been positive, with three of the last five news events followed by gains, though some strong operational releases saw short-term price pullbacks.

Recent Company History

Over the last few months, Americas Gold and Silver reported strong Q3 2025 operating and financial metrics, including higher silver output and revenue at Galena and completion of Phase 1 upgrades on the No. 3 Shaft with a 100% hoisting capacity improvement. Additional releases highlighted antimony and copper production and a partnership with Lot Sixteen to engage the U.S. Government on antimony initiatives. These updates framed Galena as a key silver‑antimony asset. Today’s change in Eric Sprott’s holdings follows this string of operational progress and ownership disclosures.

Market Pulse Summary

This announcement details a significant secondary-market sale by a major shareholder, with 5,000,000 shares sold for $33,955,000, reducing beneficial ownership from 16.3% to 14.7%. It follows recent Schedule 13D/A filings updating Eric Sprott’s stake and comes after a series of operationally positive releases on Q3 results and Galena upgrades. Investors may monitor future early warning reports, ownership filings, and operating updates to understand how shareholder concentration evolves alongside project execution.

Key Terms

early warning report regulatory

"A copy of the early warning report with respect to the foregoing will appear..."

An early warning report is a regulatory filing that publicly discloses when an investor or insider has taken a large or potentially influential position in a company's shares or plans significant actions with those shares. It matters to investors because it flags possible shifts in control, takeover attempts, or concentrated influence—like a neighborhood notice that someone is buying several houses on the block—helping readers reassess risk, valuation, and trading strategy.

AI-generated analysis. Not financial advice.

Toronto, Ontario--(Newsfile Corp. - December 9, 2025) - Eric Sprott announces that, today, Sprott Mining Inc., a corporation which is beneficially owned by him, sold 5,000,000 common shares (Shares) of Americas Gold and Silver Corporation., over the Toronto Stock Exchange at a price of approximately $6.7910 per share for aggregate consideration of $33,955,000.

Prior to the disposition of Shares, Mr. Sprott beneficially owned 50,053,940 Shares representing approximately 16.3% of the outstanding Shares. As a result of the disposition of Shares, Mr. Sprott now beneficially owns 45,053,940 Shares representing approximately 14.7% of the outstanding Shares. The disposition of Shares resulted in a decrease in holdings of approximately 3.3% since the date of the last filing of an early warning report.

Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

Americas Gold and Silver is located at 145 King Street West, Suite 2870, Toronto, Ontario, M5H 1J8. A copy of the early warning report with respect to the foregoing will appear on Americas Gold and Silver's profile on SEDAR+ at www.sedarplus.ca and may also be obtained by calling Mr. Sprott's office at (416) 945-3294 (Sprott Mining Inc., 7 King Street East, Suite 1106, Toronto, ON, M5C 3C5).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277512

FAQ

What transaction did Eric Sprott report on December 9, 2025 for USAS?

Sprott reported that Sprott Mining Inc. sold 5,000,000 USAS shares on the Toronto Stock Exchange on December 9, 2025.

At what price and total value were the USAS shares sold by Sprott on December 9, 2025?

The shares were sold at approximately $6.7910 per share for aggregate proceeds of $33,955,000.

How much USAS ownership does Eric Sprott hold after the December 9, 2025 sale?

After the sale he beneficially owns 45,053,940 USAS shares, representing about 14.7% of outstanding shares.

How did Eric Sprott's USAS stake change compared to his prior early warning filing?

His holdings decreased by approximately 3.3% since the date of the last early warning report.

Could Eric Sprott buy or sell more USAS shares after the December 9, 2025 transaction?

Yes. He stated a long-term view and may acquire or dispose of additional USAS securities in the future depending on market conditions.

Where can investors find the early warning report for Eric Sprott's USAS transaction?

A copy of the early warning report will appear on Americas Gold and Silver's profile on SEDAR+ and can be requested from Mr. Sprott's office.