Eric Sprott trims Americas Gold & Silver stake to 12.4%

Eric Sprott and affiliated entities filed Amendment No. 4 to update their ownership in Americas Gold & Silver Corp5,000,000 common shares at an average price of $7.32 per share, for gross proceeds of about $36,588,000.

Accepted by SEC EDGAR 03/24/2026 - 04:20 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Eric Sprott and affiliated entities filed Amendment No. 4 to update their ownership in Americas Gold & Silver Corp5,000,000 common shares at an average price of $7.32 per share, for gross proceeds of about $36,588,000.

After this sale, the reporting persons beneficially own 40,053,940 common shares, representing roughly 12.40% of the 322,886,429 common shares outstanding reported by the company. Most of this stake is held through 2176423 Ontario Ltd. and its wholly owned subsidiary Sprott Mining Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What change in ownership does this Schedule 13D/A report for USAS?

The amendment reports that Eric Sprott and affiliates now beneficially own 40,053,940 common shares of Americas Gold & Silver, representing about 12.40% of the company’s outstanding common shares, based on 322,886,429 shares outstanding from a recent registration statement.

How many Americas Gold & Silver (USAS) shares did Sprott Mining sell?

Sprott Mining sold 5,000,000 common shares of Americas Gold & Silver on March 20, 2026. The shares were sold at an average price of $7.32 per share, resulting in combined gross proceeds of approximately $36,588,000 for the selling entity.

What percentage of USAS does Eric Sprott own after this amendment?

After the reported transactions, Eric Sprott and related entities beneficially own about 12.40% of Americas Gold & Silver’s common shares. This percentage is calculated using 322,886,429 common shares outstanding, as disclosed in the company’s Form F-3 registration statement.

Through which entities does Eric Sprott hold his USAS position?

Eric Sprott’s beneficial ownership is mainly held through 2176423 Ontario Ltd. and its wholly owned subsidiary Sprott Mining Inc. These entities collectively hold tens of millions of Americas Gold & Silver common shares, over which Sprott has voting and dispositive power.

What is the main purpose of this Amendment No. 4 for USAS?

The primary purpose of Amendment No. 4 is to update the percentage of shares beneficially owned by the reporting persons. It reflects recent share sales and recalculates ownership using the latest reported number of outstanding common shares from the issuer’s Form F-3 filing.

Did the reporting persons have other USAS share transactions recently?

The amendment states that, aside from the 5,000,000-share sale on March 20, 2026 and transactions described in prior amendments, the reporting persons have not engaged in additional transactions involving Americas Gold & Silver common shares during the past 60 days.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

Americas Gold & Silver Corp

(Name of Issuer)

Common Shares

(Title of Class of Securities)

03062D100

(CUSIP Number)

Mark Mandel
Baker & McKenzie LLP, 452 Fifth Avenue
New York, NY, 10018
(212) 626-4100

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

03/20/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 03062D100

1

Name of reporting person

Sprott Eric

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 193,104.00
8	Shared Voting Power 39,860,836.00
9	Sole Dispositive Power 193,104.00
10	Shared Dispositive Power 39,860,836.00

11

Aggregate amount beneficially owned by each reporting person

40,053,940.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

12.40 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

1 Includes (i) 36,908,000 Common Shares of Americas Gold & Silver Corp (the "Issuer") held of record by Sprott Mining Inc. ("Sprott Mining"), a wholly-owned subsidiary of 2176423 Ontario Ltd. ("2176423 Ontario"), (ii) 2,952,836 Common Shares of the Issuer held of record by 2176423 Ontario. Eric Sprott controls 2176423 Ontario and has the power to direct the voting and disposition of Common Shares held by the entity through his ownership interests in 2176423 Ontario. Eric Sprott controls Sprott Mining and has the power to direct the voting and disposition of Common Shares held by the entity through his ownership interests in 2176423 Ontario. 2 The percentage set forth in Row 13 of this Cover Page is calculated based on 322,886,429 Common Shares outstanding (the "Common Shares Outstanding"), as reported by the Issuer on its registration statement on Form F-3 filed with the Securities and Exchange Commission (the "Commission") on January 23, 2026.

SCHEDULE 13D

CUSIP Number(s): 03062D100

1

Name of reporting person

2176423 Ontario Ltd.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 39,860,836.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 39,860,836.00

11

Aggregate amount beneficially owned by each reporting person

39,860,836.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

12.35 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

3 Includes 36,908,000 Common Shares of the Issuer held of record by Sprott Mining, a wholly-owned subsidiary of 2176423 Ontario. 4 The percentage set forth in Row 13 of this Cover Page is calculated based on the Common Shares Outstanding, as reported by the Issuer on its registration statement on Form F-3 filed with the Commission on January 23, 2026.

SCHEDULE 13D

CUSIP Number(s): 03062D100

1

Name of reporting person

Sprott Mining Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 36,908,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 36,908,000.00

11

Aggregate amount beneficially owned by each reporting person

36,908,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

11.43 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

5 The percentage set forth in Row 13 of this Cover Page is calculated based on the Common Shares Outstanding, as reported by the Issuer on its registration statement on Form F-3 filed with the Commission on January 23, 2026.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Shares
(b)	Name of Issuer: Americas Gold & Silver Corp
(c)	Address of Issuer's Principal Executive Offices: 145 KING ST. W., SUITE 2870, Toronto, ONTARIO, CANADA , M5H 1J8.
Item 1 Comment: This Amendment No. 4 (this "Amendment") is being filed to update the percentage of shares beneficially owned by the Reporting Persons and hereby amends and supplements the original Statement filed with the SEC on December 23, 2024 and further amended on November 24, 2025, December 8, 2025 and December 11, 2025. Capitalized terms used but not defined herein shall have the respective meanings set forth in the Statement. Except as amended or supplemented hereby, the information set forth in the Statement remains unchanged.
Item 3.	Source and Amount of Funds or Other Consideration
	On March 20, 2026, Sprott Mining completed a sale of 5,000,000 shares of Common Stock of the Issuer at an average price per share of $7.32 for combined gross proceeds of approximately $36,588,000.
Item 5.	Interest in Securities of the Issuer
(a)	The information provided on the cover pages to this Amendment is hereby incorporated by reference. As of the close of business on March 20, 2026, the Reporting Persons acquired or have been granted, and for the purposes of Rule 13d-3 of the Exchange Act, beneficially own, an aggregate of 40,053,940 Common Shares, which represents approximately 12.40% of the Common Shares Outstanding, as reported by the Issuer on its registration statement on Form F-3 filed with the Commission on January 23, 2026.
(b)	The responses in rows 7, 8, 9 and 10 of the cover pages to this Amendment are hereby incorporated by reference.
(c)	Except for the transaction described in Item 3 of this Amendment and the transactions described in Item 3 of Amendments 1 and 2, the Reporting Persons have not engaged in any transaction during the past 60 days involving the Common Shares of the Issuer.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Sprott Eric

Signature:	/s/ Eric Sprott
Name/Title:	Eric Sprott
Date:	03/24/2026

2176423 Ontario Ltd.

Signature:	/s/ Eric Sprott
Name/Title:	Eric Sprott/President
Date:	03/24/2026

Sprott Mining Inc.

Signature:	/s/ Eric Sprott
Name/Title:	Eric Sprott/President
Date:	03/24/2026