Americas Gold and Silver (USAS) Secures $100 Million Debt Financing

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) is one of the 10 Best Performing Penny Stocks So Far in 2025. On June 25, Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) reported that it has closed its previously announced $100 million senior secured debt facility from SAF Group.

These funds will mainly be used to support the growth and development projects at the Galena Complex in Idaho, which Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) fully acquired in December 2024.

Americas Gold and Silver (USAS) Secures $100 Million Debt Financing

Drills extracting gold from a gold mine, revealing the company’s gold mining operation.

The Term Loan Facility gives Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) the financial strength it needs to carry out its aggressive growth plans. The company plans to use the funds to increase development rates, tonnage mined, and reduce unit costs at Galena.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) recently started using a new longhole drill at Galena. This drill is now working on longhole stoping areas, which is expected to provide several benefits compared to the underhand cut-and-fill mining method. The longhole stoping mining method is safer, more productive, less costly, and allows more backfill.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) is a Canadian precious metals mining company with multiple assets across North America.

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Disclosure: None. This article is originally published at Insider Monkey.