Americas Gold & Silver — 89% Discount

AMERICAS GOLD AND SILVER
FCM UNIVERSAL RESOURCE BASE VALUE PROJECTION
10-05-2021

Gold ... $1,762
438,000 M/I (75%)
12,500 I (50%)
TOTAL 450,500

Silver ... $22.64
32,531,000 P/P (100%)
54,112,500 M/I (75%)
38,656,000 I (50%)
TOTAL (AUEQ OZS) 1,609,978

Zinc (lbs) ... $1.38
139,000,000 P/P (100%)
603,375,000 M/I (75%)
124,100,000 I (50%)
TOTAL (AUEQ OZS) 678,624

Lead (lbs) ... $0.99
114,300,000 P/P (100%)
544,050,000 M/I (75%)
363,150,000 I (50%)
TOTAL (AUEQ OZS) 573,942

Copper (lbs) ... $4.19
30,200,000 P/P (100%)
25,800,000 M/I (75%)
14,450,000 I (50%)
TOTAL (AUEQ OZS) 167,529

GRAND TOTAL (AUEQ OZS) = 3,480,573
DISCOUNT RATE 15%

PRICE TARGET = $6.72/sh.
PROJECTED MARKET CAP = $922,029,844
CURRENT DISCOUNT = 89%