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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.
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
Drilling to continue as cash flow ramps up
Galena provides a leading light
Galena provides a leading light
