AMERICAS GOLD AND SILVER CORPORATION ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT OF SUBSCRIPTION RECEIPTS TO C$45 MILLION

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TORONTO, Oct. 9, 2024 /CNW/ - Americas Gold and Silver Corporation (TSX: USA) (NYSEAmerican:USAS) ("Americas" or the "Company") refers to its previous news release in which it announced, among other things, a binding agreement (the "Definitive Agreement") with an affiliate of Eric Sprott ("Sprott") and Paul Andre Huet under which Americas will acquire the remaining 40% interest in the Galena Complex ("Galena") in Idaho, USA to consolidate the current Galena joint venture (the "Acquisition"). The Company also announced that it entered into an agreement to complete a bought deal private placement financing of subscription receipts of the Company (the "Subscription Receipts") to raise gross proceeds of C$40 million at an issue price of C$0.40 per Subscription Receipt (the "Issue Price") (the "Concurrent Financing").