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News

Hycroft Announces $60M Private Placement By Issuing 14,017,056 Units At $4.28/Unit

Author: Benzinga Newsdesk | September 02, 2025 03:30pm

Silver Designated a Critical Mineral by the U.S. Government

WINNEMUCCA, Nev., Sept. 2, 2025 /PRNewswire/ -- Hycroft Mining Holding Corporation (NASDAQ:HYMC) ("Hycroft" or the "Company") is pleased to announce a non-brokered private placement (the "Private Placement"), priced at-the-market under Nasdaq rules, consisting of 14,017,056 units ("Units") at a price of U.S. $4.2805 per Unit for aggregate proceeds of U.S. $60 million. Each Unit will be comprised of one share of common stock of the Company and one-half of one common stock purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable to purchase one share of common stock of the Company at a price of U.S. $6.00 per share for a period of 24 months with an accelerator provision.

The Private Placement is being primarily subscribed to by Eric Sprott through 2176423 Ontario Ltd., a corporation beneficially owned by him (approximately 66% of the placement) and approximately 34% of the placement is being subscribed to by Tribeca Global Natural Resources Ltd. ("Tribeca"). Upon closing, Mr. Sprott's beneficial ownership position in Hycroft increases from approximately 21% to 33%, and Tribeca will own approximately 8%.

Posted In: HYMC

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