# EDGAR Filing Document

**Accession Number:** 0001286973
**File Stem:** 0001213900-25-114312
**Filing Date:** 2025-11
**Character Count:** 12866
**Document Hash:** ea364368f15da47def620a70b352fbd1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-114312.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001213900-25-114312

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Americas Gold & Silver Corp
- **CENTRAL INDEX KEY:** 0001286973
- **STANDARD INDUSTRIAL CLASSIFICATION:** METAL MINING [1000]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** Z4

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-85435
- **FILM NUMBER:** 251514782

**BUSINESS ADDRESS:**
- **STREET 1:** 145 KING ST. W.
- **STREET 2:** SUITE 2870
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5H 1J8
- **BUSINESS PHONE:** 604-678-9639

**MAIL ADDRESS:**
- **STREET 1:** 145 KING ST. W.
- **STREET 2:** SUITE 2870
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5H 1J8

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Americas Silver Corp
- **DATE OF NAME CHANGE:** 20150910

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SCORPIO MINING CORP
- **DATE OF NAME CHANGE:** 20040414
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sprott Eric
- **CENTRAL INDEX KEY:** 0001491714

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**MAIL ADDRESS:**
- **STREET 1:** 2700-200 BAY STREET
- **STREET 2:** ROYAL BANK PLAZA SOUTH TOWER
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5J 2J1

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**Americas Gold & Silver Corp**

*(Name of Issuer)*

**Common Shares**

*(Title of Class of Securities)*

**03062D100**

*(CUSIP Number)*

**Mark Mandel**<br>Baker & McKenzie LLP<br>452 Fifth Avenue<br>New York NY 10018<br>(212) 626-4100

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

**11/20/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **03062D100** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Sprott Eric** | Name of reporting person<br>**Sprott Eric** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**ISRAEL** | Citizenship or place of organization<br>**ISRAEL** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**193104.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**48960836.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**193104.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**48960836.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**49153940.00** | Aggregate amount beneficially owned by each reporting person<br>**49153940.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**17.96%** | Percent of class represented by amount in Row (11)<br>**17.96%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** 1 Includes (i) 46,908,000  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) 2,052,836 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 273,629,603 Common Shares outstanding (the "Common Shares Outstanding"), as reported by the Issuer on Exhibit 99.2 to its Form 6-K filed with the SEC on November 10, 2025 (the "November 10 Form 6-K").

| **CUSIP No.** | **03062D100** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**2176423 Ontario Ltd.** | Name of reporting person<br>**2176423 Ontario Ltd.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**ONTARIO** | Citizenship or place of organization<br>**ONTARIO** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**48960836.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**48960836.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**48960836.00** | Aggregate amount beneficially owned by each reporting person<br>**48960836.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**17.89%** | Percent of class represented by amount in Row (11)<br>**17.89%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** 3 Includes 46,908,000 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 November 10 Form 6-K.

| **CUSIP No.** | **03062D100** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Sprott Mining Inc.** | Name of reporting person<br>**Sprott Mining Inc.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**ONTARIO** | Citizenship or place of organization<br>**ONTARIO** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**46908000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**46908000.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**46908000.00** | Aggregate amount beneficially owned by each reporting person<br>**46908000.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**17.14%** | Percent of class represented by amount in Row (11)<br>**17.14%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for 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 November 10 Form 6-K.

**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, A6, M5H 1J8

This Amendment No. 1 (this "Amendment") is being filed to update the percentage of shares beneficially owned by the Reporting Persons and to supplement Item 4 of the original Statement, and hereby amends and supplements the Statement filed with the SEC on December 23, 2024. 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 4. Purpose of Transaction**

Item 4 of the existing Statement is hereby supplemented as follows:

As of November 24, 2025, 2176423 Ontario has delivered an irrevocable signed subscription agreement to the underwriters representing the Issuer in a potential transaction to subscribe for 900,000 Common Shares for a price per share of $4.00. The Reporting Persons are not aware of any binding agreement having been reached with the Issuer, and there can be no assurance that any such transaction will be agreed or consummated. The Issuer has disclosed that the proposed transaction is subject to certain conditions, including applicable regulatory approvals.

**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 November 20, 2025, 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 49,153,940 Common Shares, which represents approximately 17.96% of the 273,629,603 Common Shares outstanding of the Issuer as of November 10, 2025, based on the November 10 Form 6-K.

**(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, the Reporting Persons have not engaged in any transaction during the past 60 days involving the Common Shares of the Issuer.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The Reporting Persons' response to Item 4 of this Amendment is incorporated by reference into this Item 6.

### 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.

**Reporting Person:** Sprott Eric

**Signature:** /s/ Eric Sprott

**Name/Title:** Eric Sprott

**Date:** 11/24/2025

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.

**Reporting Person:** 2176423 Ontario Ltd.

**Signature:** /s/ Eric Sprott

**Name/Title:** Eric Sprott/President

**Date:** 11/24/2025

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.

**Reporting Person:** Sprott Mining Inc.

**Signature:** /s/ Eric Sprott

**Name/Title:** Eric Sprott/President

**Date:** 11/24/2025