Hycroft Mining Strengthens Its Capital Base with Underwriters' Option Exercise

Hycroft Mining Strengthens Its Capital Structure

Hycroft Mining Holding Corporation, well-known for its significant presence in the precious metals sector, has made headlines with its recent announcement regarding the exercise and closure of the underwriters' option. This strategic move is designed to bolster the company's financial foundation and enhance its operational capabilities.

On July 14, 2025, Hycroft disclosed that it successfully exercised the underwriters' over-allotment option, leading to the acquisition of an additional 1,324,117 shares of Class A Common Stock at a public offering price of $3.49 per share. In addition, the company secured 937,500 warrants priced at $0.02 each. This decision follows the completion of a previously announced underwritten public offering of 12.5 million units, each consisting of one share of Class A Common Stock alongside one-half of one Class A Common Stock purchase warrant.

The closure of the underwriters’ option on July 11 marked a significant milestone in Hycroft's financial strategy. The combined result of these transactions increased the total shares sold during the offering to 13,824,117 and the total warrants issued to 7,187,500, with gross proceeds amounting to approximately $48.4 million before underwriting discounts and offering expenses.

Diane R. Garrett, Hycroft's President and CEO, expressed satisfaction with the company's robust support from investors: "We are very pleased with the strong support for Hycroft. The additional capital from the exercise of the over-allotment option strengthens our balance sheet and enables us to accelerate exploration and development activities at the Hycroft Mine."

Hycroft mining continues to focus on the Hycroft Mine, one of the world's largest precious metals deposits located in Northern Nevada, a Tier-One mining jurisdiction. The company is currently transitioning to implement commercial operations for processing sulfide ore, moving beyond its previous focus on oxide heap leaching operations. Furthermore, Hycroft is involved in a comprehensive exploration drill program aimed at expanding the recent discovery of high-grade silver systems.

Hycroft's strategic intent is clear: to utilize the proceeds from the offering for ongoing exploration and general corporate purposes, with an eye towards maximizing the potential of its asset base. By advancing its operational framework and supporting exploration, Hycroft aims to secure long-term gains in a competitive landscape.

The execution of this financial maneuver indicates Hycroft Mining's commitment to a robust growth trajectory and reflects its readiness to navigate the complexities of the mining industry. Supported by significant capital, the company is poised to explore new opportunities and leverage its assets effectively.

For more information about Hycroft Mining and updates on their projects, visit their official website or contact their investor relations team. As the mining sector continues to evolve, Hycroft's proactive approach may serve as a model for similar companies aiming to enhance their market position and operational prowess.