Loading ...Americas Gold and Silver Announces Strategic Joint Venture with Mr. Eric Sprott at the Galena Complex
TORONTO, ONTARIO – September 9, 2019 – Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”), a growing North American precious metals producer, today announces a strategic joint venture agreement (the “Agreement”) with Mr. Eric Sprott to recapitalize the mining operations at the Galena Complex, located in the Silver Valley of Northwest Idaho.
•The strategic joint venture – expected to be 60/40 Americas/Sprott respectively – will allow Americas to increase development, modernize infrastructure, purchase new mining equipment, and target exploration below current operating areas with the goal of positioning the Galena Complex to significantly increase resources, production, and reduce operating costs at the mine over the next two years.