Currently viewing Global edition

Sprott to recapitalize Galena Complex

Americas Gold and Silver has entered into a strategic joint venture agreement with Eric Sprott to recapitalise the mining operations at the Galena Complex in the Silver Valley of northwest Idaho, USA, allowing for investment in the asset to continue at a time when the company is otherwise focusing on its gold assets.

Sprott to recapitalize Galena Complex Sprott to recapitalize Galena Complex Sprott to recapitalize Galena Complex Sprott to recapitalize Galena Complex Sprott to recapitalize Galena Complex

The Galena mill in Idaho, USA

Under the 60:40 JV arrangement, Sprott through his 2176423 Ontario company, will commit an initial US$20 million to fund capital improvements and operations for the first year to earn 40%, with