Hycroft Mining (HYMC) announces $40 million public offering

Hycroft Mining Holding Corporation (Nasdaq: HYMC) is pleased to announce a proposed public underwritten offering of units of the Company (the "Units") for gross proceeds of approximately $40 million (the "Offering"). 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.

Hycroft intends to use the net proceeds from the Offering for further exploration, working capital and general corporate purposes.

BMO Capital Markets and Paradigm Capital Inc. are acting as joint book-running managers for the Offering. SCP Resource Finance LP is acting as a capital markets advisor to the Company. The Offering will be priced in the context of the market with the price, total size and other final terms of the Offering and the Units to be determined at the time of entering into an underwriting agreement for the Offering. Hycroft will also grant the underwriters a 30-day option to purchase up to an additional 15% of the base Offering, to acquire Units, shares of Common Stock and/or Warrants (or any combination thereof), at the underwriters' discretion. Closing of the Offering will be subject to a number of customary conditions, including the entering into of a definitive underwriting agreement.

The Offering is being made pursuant to an effective shelf registration statement on Form S-3 (No. 333-279292) that was filed by the Company with the U.S. Securities and Exchange Commission (the "SEC"), as amended. A preliminary prospectus supplement relating to and describing the terms of the Offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying prospectus, as well as copies of the final prospectus supplement, once available, may be obtained upon request by contacting BMO Capital Markets Corp., Attn: Equity Syndicate Department, 151 W 42nd Street, 32nd Floor, New York, NY 10036, or by email at [email protected].

You May Also Be Interested In

• DeFi Development Corp. plans $20M preferred stock offering
• Wellchange Holdings closes $7.5M public offering of Class A shares
• BTIG Upgrades Tidewater Inc (TDW) to Buy, 'Increasing Activity Set To Push Dayrates Higher in Key Basins'