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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13D/A 0001491714 XXXXXXXX LIVE 1 Common Shares 11/20/2025 false 0001286973 03062D100 Americas Gold & Silver Corp 145 KING ST. W. SUITE 2870 Toronto A6 M5H 1J8 Mark Mandel (212) 626-4100 Baker & McKenzie LLP 452 Fifth Avenue New York NY 10018 0001491714 N Sprott Eric a AF N Z4 193104.00 48960836.00 193104.00 48960836.00 49153940.00 N 17.96 IN 1 Includes (i) 46,908,000 Common Shares of Americas Gold & Silver Corp (the "Issuer") held of record by Sprott Mining Inc. ("Sprott Mining"), a wholly-owned subsidiary of 2176423 Ontario Ltd. ("2176423 Ontario"), (ii) 2,052,836 Common Shares of the Issuer held of record by 2176423 Ontario. Eric Sprott controls 2176423 Ontario and has the power to direct the voting and disposition of Common Shares held by the entity through his ownership interests in 2176423 Ontario. Eric Sprott controls Sprott Mining and has the power to direct the voting and disposition of Common Shares held by the entity through his ownership interests in 2176423 Ontario. 2 The percentage set forth in Row 13 of this Cover Page is calculated based on 273,629,603 Common Shares outstanding (the "Common Shares Outstanding"), as reported by the Issuer on Exhibit 99.2 to its Form 6-K filed with the SEC on November 10, 2025 (the "November 10 Form 6-K"). Y 2176423 Ontario Ltd. a AF N A6 0.00 48960836.00 0.00 48960836.00 48960836.00 N 17.89 CO 3 Includes 46,908,000 Common Shares of the Issuer held of record by Sprott Mining, a wholly-owned subsidiary of 2176423 Ontario. 4 The percentage set forth in Row 13 of this Cover Page is calculated based on the Common Shares Outstanding, as reported by the Issuer on its November 10 Form 6-K. Y Sprott Mining Inc. a WC N A6 0.00 46908000.00 0.00 46908000.00 46908000.00 N 17.14 CO 5 The percentage set forth in Row 13 of this Cover Page is calculated based on the Common Shares Outstanding, as reported by the Issuer on its November 10 Form 6-K. Common Shares Americas Gold & Silver Corp 145 KING ST. W. SUITE 2870 Toronto A6 M5H 1J8 This Amendment No. 1 (this "Amendment") is being filed to update the percentage of shares beneficially owned by the Reporting Persons and to supplement Item 4 of the original Statement, and hereby amends and supplements the Statement filed with the SEC on December 23, 2024. Capitalized terms used but not defined herein shall have the respective meanings set forth in the Statement. Except as amended or supplemented hereby, the information set forth in the Statement remains unchanged. On November 20, 2025, 2176423 Ontario completed open market purchases of 250,000 shares of Common Stock of the Issuer at an average purchase price per share of $5.41 for combined gross proceeds of approximately $1,351,650. The source of funds for acquiring the Common Stock described herein was the working capital of 2176423 Ontario. Item 4 of the existing Statement is hereby supplemented as follows: As of November 24, 2025, 2176423 Ontario has delivered an irrevocable signed subscription agreement to the underwriters representing the Issuer in a potential transaction to subscribe for 900,000 Common Shares for a price per share of $4.00. The Reporting Persons are not aware of any binding agreement having been reached with the Issuer, and there can be no assurance that any such transaction will be agreed or consummated. The Issuer has disclosed that the proposed transaction is subject to certain conditions, including applicable regulatory approvals. The information provided on the cover pages to this Amendment is hereby incorporated by reference. As of the close of business on November 20, 2025, the Reporting Persons acquired or have been granted, and for the purposes of Rule 13d-3 of the Exchange Act, beneficially own, an aggregate of 49,153,940 Common Shares, which represents approximately 17.96% of the 273,629,603 Common Shares outstanding of the Issuer as of November 10, 2025, based on the November 10 Form 6-K. The responses in rows 7, 8, 9 and 10 of the cover pages to this Amendment are hereby incorporated by reference. Except for the transaction described in Item 3 of this Amendment, the Reporting Persons have not engaged in any transaction during the past 60 days involving the Common Shares of the Issuer. The Reporting Persons' response to Item 4 of this Amendment is incorporated by reference into this Item 6. Sprott Eric /s/ Eric Sprott Eric Sprott 11/24/2025 2176423 Ontario Ltd. /s/ Eric Sprott Eric Sprott/President 11/24/2025 Sprott Mining Inc. /s/ Eric Sprott Eric Sprott/President 11/24/2025