SCHEDULE 13G

Americas Gold and Silver Corporation

Common Shares, no par value · CUSIP: 03062D100

Event date: 2025-09-30

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• NewGen Asset Management Limited

  Shares: 9,285,312.00 · Class: 3.4%

• NewGen Holdco Limited

  Shares: 9,285,312.00 · Class: 3.4%

• NewGen Equity Long/Short Fund

  Shares: 9,285,312.00 · Class: 3.4%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.