Americas Gold and Silver Corp (USAS)

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Generally good news BUT... what is this?

Service of Statement of Claim

The Company has been served with a statement of claim that was filed in the Ontario Superior Court of Justice (the “Court”) to commence a proposed class action lawsuit against the Company and its Chief Executive Officer (the “Action”). Pursuant to the Action, the representative plaintiff seeks damages of C$130 million in relation to the Company’s public disclosure concerning its Relief Canyon mine. Although no assurance can be given with respect to the ultimate outcome, the Company believes that the complaint against it is unfounded and without merit, and it intends to vigorously defend the proceeding. The Company does not believe nor admit that the service of a statement of claim in the Action itself constitutes a material change in the business, operations, or capital of the Company but is disclosing the Action for the purpose of incorporating this information into the Company's prospectus supplement dated May 17, 2021.