#United States #Gold Mining #Hycroft Mining #Winnemucca #Debt-Free

Hycroft Mining Achieves Complete Debt Repayment

Hycroft Mining Holding Corporation, listed on Nasdaq as HYMC, has reached a significant milestone by announcing its complete debt repayment on October 15, 2025. This momentous achievement signals a new chapter for the company as it eliminates all outstanding liabilities totaling $125.5 million, including accrued interest.

The process began with the repayment of a $15.0 million principal from the first-lien debt, alongside a nominal interest payment. Following this, the company chose to repurchase subordinated notes with a significant face value of $120.8 million. Remarkably, these were acquired at a 9% discount, leading to a total expenditure of $110.4 million to fully extinguish its debt.

A Defining Milestone

Diane Garrett, the President and CEO, articulated the importance of this success. She stated, "The 2025 equity offerings and the repayment of all debt mark a defining milestone for Hycroft. For the first time since becoming a public company, we are debt-free with a robust treasury." She further noted that having eliminated financial constraints allows the corporation to focus on long-term strategies and growth objectives.

The impact of this debt repayment goes beyond just numbers. Diane highlighted how it strengthens the company's foundation, enhances operational flexibility, and equips Hycroft with the necessary resources to execute its vision effectively. With an unwavering commitment to fostering value for shareholders, employees, and the surrounding community, Hycroft is well-positioned to thrive in the competitive mining landscape.

Transformative Shareholder Base

The recent equity offerings have transformed Hycroft's shareholder landscape significantly. Currently, approximately 80% of its shares are held by institutional investors. This significant shift highlights the trust and support from the investment community, reinforcing Hycroft's strategic direction and leadership. With a clean balance sheet and the backing of strong institutional support, Hycroft is poised to effectively pursue its strategic growth initiatives.

Hycroft's commitment to sustainability and stakeholder value is clearer than ever. With solid financial ground, the company is set to embark on a journey of ambitious growth and operational expansion. The transition of the Hycroft Mine, known for its vast precious metals deposits, into the next phase of commercial operations is a priority, alongside a vigorous exploration drill program aimed at maximizing the potential of newly discovered high-grade silver systems.

Looking Ahead

In conclusion, Hycroft Mining Holding Corporation is entering a new era characterized by growth, sustainability, and long-term value. The elimination of debt is not just a financial achievement; it represents a pivotal turning point in the company’s journey. As the company moves forward with confidence and a strong institutional backing, the future holds substantial promise for Hycroft and its stakeholders. With plans set to capitalize on current momentum, the company aims to deliver enduring value while enhancing its operational strategies.

Hycroft stands ready to face future challenges head-on, empowering its dedicated team to unlock the full potential of its assets—a journey that has just begun.