Hycroft Mining Announces $60 Million Non-Brokered Private Placement to Fund Mine Advancement and Corporate Growth

Reuters
09/03
Hycroft Mining Announces $60 Million Non-Brokered Private Placement to Fund Mine Advancement and Corporate Growth

Hycroft Mining Holding Corporation (Nasdaq: HYMC) has announced a non-brokered private placement priced at-the-market under Nasdaq rules, raising aggregate proceeds of US$60 million. The placement consists of 14,017,056 units, each priced at US$4.2805. Each unit includes one share of common stock and one-half of a common stock purchase warrant, with each whole warrant exercisable to purchase one share at US$6.00 for 24 months. The funds will support the advancement of the Hycroft Mine and general corporate purposes. Eric Sprott, through 2176423 Ontario Ltd., is a major participant, subscribing to approximately 66% of the placement, while Tribeca Global Natural Resources Ltd. is subscribing to about 34%. Upon completion, Sprott's ownership in Hycroft will increase to 33%, and Tribeca will hold 8%. The placement is subject to customary closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hycroft Mining Holding Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: LA63910) on September 02, 2025, and is solely responsible for the information contained therein.

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