Hycroft Mining Holding Corporation has announced a proposed public underwritten offering of units, aiming to raise approximately $40 million. Each unit in the offering will consist of one share of common stock and one-half of a common stock purchase warrant, with each whole warrant allowing the purchase of an additional share. The company plans to use the proceeds for further exploration, working capital, and general corporate purposes. BMO Capital Markets and Paradigm Capital Inc. are serving as joint book-running managers, with SCP Resource Finance LP acting as a capital markets advisor. The offering's final terms will be determined at the time of the underwriting agreement, and the company will grant underwriters a 30-day option to purchase up to an additional 15% of the base offering. The offering is being made under an effective shelf registration statement filed with the SEC.