UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38387 HYCROFT MINING HOLDING CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorp ...

WINNEMUCCA, Nev., April 25, 2024 /PRNewswire/ -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) ("Hycroft" or "the Company") is pleased to announce that Hycroft will be added to the Solactive Global Silver Miners Total Returns Index (the "Silver Index"), effective May 1, 2024. Diane R. Garrett, President and CEO of Hycroft, commented: "We are incredibly pleased with Hycroft's inclusion on the Solactive Global Silver Miners Total Returns Index as it is an important achievement and comes at a time of stron ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest reported): March 14, 2024 HYCROFT MINING HOLDING CORPORATION (Exact name of registrant as specified in its charter) Delaware 001-38387 82-2657796 (State or other jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification Number) 4300 Water Canyon Road, Unit 1, Winnemucca, Nevada 89445 (A ...

PART I [Business](index=5&type=section&id=Item%201%2E%20Business) Hycroft Mining is a U.S.-based gold and silver exploration and development company focused on advancing technical studies for its sole asset, the Hycroft Mine, after ceasing mining operations in 2021 - The company is a U.S.-based gold and silver exploration and development company owning the Hycroft Mine in Northern Nevada[15](index=15&type=chunk) - Mining activities ceased in November 2021, and processing of previously mined ore was completed as of December 31, 2022. The company generated **no revenue in 2023** and does not expect to until operations recommence[18](index=18&type=chunk)[20](index=20&type=chunk) Mineral Resources (as of December 31, 2023) | Category | Gold (million ounces) | Silver (million ounces) | | :--- | :--- | :--- | | Measured and Indicated | 10.6 | 360.7 | | Inferred | 3.4 | 96.1 | Historical Gold and Silver Prices (London Bullion Market, $ per ounce) | Year | Gold High | Gold Low | Gold Average | Silver High | Silver Low | Silver Average | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | 2021 | $1,943 | $1,684 | $1,799 | $29.59 | $21.53 | $25.04 | | 2022 | $2,039 | $1,628 | $1,800 | $26.18 | $17.77 | $21.71 | | 2023 | $2,150 | $1,907 | $1,944 | $24.43 | $22.00 | $23.33 | - As of December 31, 2023, the company had **78 employees**, with 69 located at the Hycroft Mine site[32](index=32&type=chunk) - The company reported **no lost-time incidents in 2023** and maintained a Total Recordable Injury Frequency Rate (TRIFR) of **zero**, which is well below industry averages[34](index=34&type=chunk) [Risk Factors](index=10&type=section&id=Item%201A%2E%20Risk%20Factors) The company faces significant operational, financial, and market risks, including uncertainty in restarting mining, volatile commodity prices, capital needs, and stock price volatility - Operational risks include the cessation of mining operations, the lack of a completed feasibility study, and the inherent imprecision of mineral resource estimates which may not be profitably mined[55](index=55&type=chunk)[56](index=56&type=chunk)[60](index=60&type=chunk) - The company will need to raise **additional capital** to fund the development of the Hycroft Mine, with failure to obtain financing potentially delaying exploration and development[89](index=89&type=chunk) - Substantial indebtedness under the Sprott Credit Agreement imposes significant operating and financial restrictions, limiting the ability to incur more debt, pay dividends, or sell assets[92](index=92&type=chunk)[93](index=93&type=chunk)[95](index=95&type=chunk) - The market prices of gold and silver are **volatile** and beyond the company's control, with a decline potentially negatively affecting business and resource viability[64](index=64&type=chunk) - The stock price has experienced **extreme volatility**, potentially reflecting market dynamics unrelated to business fundamentals, such as strong retail investor interest and the risk of a "short squeeze"[114](index=114&type=chunk)[115](index=115&type=chunk)[119](index=119&type=chunk) - The two largest stockholders, an entity affiliated with Eric Sprott and American Multi-Cinema, Inc. (AMC), own approximately **9% and 11% respectively** as of March 13, 2024, exerting significant influence over corporate actions[112](index=112&type=chunk) [Unresolved Staff Comments](index=26&type=section&id=Item%201B%2E%20Unresolved%20Staff%20Comments) The company reports that it has no unresolved comments from the staff of the Securities and Exchange Commission - None[132](index=132&type=chunk) [Cybersecurity](index=27&type=section&id=Item%201C%2E%20Cybersecurity) Hycroft has implemented a cybersecurity risk management program integrated into its enterprise risk management, with oversight by the Audit Committee and no material adverse incidents identified - The Board of Directors has delegated oversight of cybersecurity risk to the Audit Committee[136](index=136&type=chunk) - Management, led by the Information Systems Manager, is responsible for assessing and managing cybersecurity threats[138](index=138&type=chunk) - As of the report date, the company is not aware of any cybersecurity incidents that have materially and adversely affected its operations or financial condition[135](index=135&type=chunk) [Properties](index=27&type=section&id=Item%202%2E%20Properties) The company's sole asset is the Hycroft Mine in Nevada, with the 2023 Technical Report Summary outlining an initial assessment for sulfide ore processing and detailing significant mineral resources - The company's sole property is the Hycroft Mine, located 54 miles northwest of Winnemucca, Nevada, comprising approximately **64,000 acres** of patented and unpatented claims[140](index=140&type=chunk)[142](index=142&type=chunk) - On March 28, 2023, the company filed the 2023 Hycroft TRS, which provides an initial assessment of the mineral resource estimate using a milling and POX process for sulfide mineralization, superseding the 2022 TRS[144](index=144&type=chunk) Hycroft Mine Mineral Resources Summary (as of March 27, 2023) | Classification | Ktons | Au oz/ton | Ag oz/ton | Au Contained (000 oz) | Ag Contained (000 oz) | | :--- | :--- | :--- | :--- | :--- | :--- | | **Measured** | 496,897 | 0.012 | 0.44 | 5,989 | 216,690 | | **Indicated** | 406,059 | 0.011 | 0.35 | 4,592 | 143,947 | | **Meas + Ind** | **902,956** | **0.012** | **0.40** | **10,581** | **360,664** | | **Inferred** | 295,612 | 0.011 | 0.33 | 3,356 | 96,117 | - The mineral resource model is based on data from **5,601 drill holes**, representing **2,588,826 feet of drilling** conducted between 1981 and 2022[168](index=168&type=chunk) [Legal Proceedings](index=37&type=section&id=Item%203%2E%20Legal%20Proceedings) Hycroft is a defendant in four pro se lawsuits from warrant holders alleging breach of contract, for which no liability has been recorded as a loss is not probable or estimable - The company is a defendant in four pro se actions from warrant holders alleging breach of contract related to the Warrant Agreement dated October 22, 2015, concerning a failure to make proper "Mechanical Adjustments" after the May 2020 Business Combination[196](index=196&type=chunk)[475](index=475&type=chunk) - The company has assessed the matter and determined that a loss is **not probable nor reasonably estimable**, and therefore has not recorded a litigation accrual[476](index=476&type=chunk) [Mine Safety Disclosures](index=37&type=section&id=Item%204%2E%20Mine%20Safety%20Disclosures) The company reported zero lost time accidents and maintained a Total Recordable Injury Frequency Rate (TRIFR) of zero for 2023 and 2022, with all operations regulated by MSHA - For the year ended December 31, 2023, the Hycroft Mine reported **no lost time accidents** and achieved **one million work hours** without a lost time incident in the second quarter[198](index=198&type=chunk) - The company maintained a Total Recordable Injury Frequency Rate (TRIFR) of **Nil (0.00)** at December 31, 2023 and December 31, 2022[199](index=199&type=chunk) - Information concerning mine safety violations required by the Dodd-Frank Act is included in Exhibit 95.1 of the Form 10-K[201](index=201&type=chunk) PART II [Market for the Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities](index=39&type=section&id=Item%205%2E%20Market%20for%20the%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%2C%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Hycroft's common stock trades on Nasdaq under 'HYMC', underwent a 1-for-10 reverse stock split in November 2023, has never paid dividends, and made no equity repurchases in 2023 - The company's common stock trades on The Nasdaq Stock Market LLC under the symbol **"HYMC"**[203](index=203&type=chunk) - A **1-for-10 reverse stock split** was effectuated on November 14, 2023, to regain compliance with Nasdaq's $1.00 minimum bid price requirement[203](index=203&type=chunk) - The company has **never paid dividends** on its common stock and has no current plans to do so, with the Sprott Credit Agreement restricting dividend payments[205](index=205&type=chunk) - The company did not purchase any of its registered equity securities during the year ended December 31, 2023[206](index=206&type=chunk) [RESERVED](index=39&type=section&id=Item%206%2E%20%5BRESERVED%5D) This item is reserved [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=39&type=section&id=Item%207%2E%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Hycroft reported no revenue and a net loss of $55.0 million in 2023 due to suspended mining, with liquidity decreasing and a voluntary debt prepayment made in January 2024 Results of Operations (in thousands) | | Year Ended Dec 31, 2023 | Year Ended Dec 31, 2022 | | :--- | :--- | :--- | | Revenues | $0 | $33,229 | | Loss from operations | $(45,554) | $(53,490) | | Net loss | $(55,024) | $(60,828) | | Basic loss per share | $(2.61) | $(3.58) | - The company's unrestricted cash position was **$106.2 million** at December 31, 2023, compared to **$142.0 million** at December 31, 2022[246](index=246&type=chunk) - In 2023, the company continued its exploration drill program, completed metallurgical test work, and filed the 2023 Hycroft TRS, with a 2024 outlook to complete an updated technical report by mid-year[213](index=213&type=chunk)[219](index=219&type=chunk) - On January 5, 2024, the company voluntarily pre-paid **$38.0 million** in debt, consisting of **$34.7 million** of the first lien loan and **$3.3 million** for the additional interest balance[248](index=248&type=chunk)[308](index=308&type=chunk) - Projects, exploration, and development costs increased to **$20.6 million** in 2023 from **$18.4 million** in 2022, primarily due to Phase 2 of the 2022-2023 exploration program[233](index=233&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=49&type=section&id=Item%207A%2E%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) As a smaller reporting company, Hycroft is not required to provide quantitative and qualitative disclosures about market risk - As a smaller reporting company, Hycroft is **not required** to provide these disclosures, and they have been omitted from the filing[276](index=276&type=chunk) [Financial Statements and Supplementary Data](index=50&type=section&id=Item%208%2E%20Financial%20Statements%20and%20Supplementary%20Data) This section presents the company's audited consolidated financial statements for 2023 and 2022, showing total assets of $201.7 million and a net loss of $55.0 million for 2023 - The independent registered public accounting firm, Moss Adams LLP, provided an **unqualified opinion** on the consolidated financial statements[281](index=281&type=chunk) Consolidated Balance Sheet Summary (as of Dec 31, 2023) | Category | Amount (in thousands) | | :--- | :--- | | **Assets** | | | Cash and cash equivalents | $106,210 | | Total Assets | $201,693 | | **Liabilities & Equity** | | | Total Liabilities | $189,037 | | Total Stockholders' Equity | $12,656 | Consolidated Statement of Operations Summary (Year ended Dec 31, 2023) | Category | Amount (in thousands) | | :--- | :--- | | Revenues | $0 | | Total cost of sales | $0 | | Loss from operations | $(45,554) | | Net loss | $(55,024) | Consolidated Statement of Cash Flows Summary (Year ended Dec 31, 2023) | Category | Amount (in thousands) | | :--- | :--- | | Net cash used in operating activities | $(41,448) | | Net cash used in investing activities | $(507) | | Net cash used in financing activities | $(1,461) | | Net decrease in cash | $(43,416) | [Changes in and Disagreements With Accountants on Accounting and Financial Disclosure](index=85&type=section&id=Item%209%2E%20Changes%20in%20and%20Disagreements%20With%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with its accountants on accounting principles, practices, or financial statement disclosure - Not applicable[490](index=490&type=chunk) [Controls and Procedures](index=85&type=section&id=Item%209A%2E%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that the company's disclosure controls and internal control over financial reporting were effective as of December 31, 2023 - Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were **effective** as of December 31, 2023[491](index=491&type=chunk) - Management's evaluation, based on the 2013 COSO framework, concluded that the company's internal control over financial reporting was **effective** as of December 31, 2023[493](index=493&type=chunk) - There were **no significant changes** in internal control over financial reporting during the most recent fiscal year that have materially affected, or are reasonably likely to materially affect, internal controls[495](index=495&type=chunk) [Other Information](index=85&type=section&id=Item%209B%2E%20Other%20Information) The company reported no information under this item for the fourth quarter of 2023, and no officers or directors adopted, modified, or terminated Rule 10b5-1 trading arrangements - None[496](index=496&type=chunk) - During the fourth quarter of 2023, no officers or directors adopted, modified, or terminated a Rule 10b5-1 or non-Rule 10b5-1 trading arrangement[497](index=497&type=chunk) [Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](index=86&type=section&id=Item%209C%2E%20Disclosure%20Regarding%20Foreign%20Jurisdictions%20that%20Prevent%20Inspections) This item is not applicable to the company - Not applicable[498](index=498&type=chunk) PART III [Directors, Executive Officers, and Corporate Governance](index=86&type=section&id=Item%2010%2E%20Directors%2C%20Executive%20Officers%2C%20and%20Corporate%20Governance) Information on the company's directors, executive officers, and corporate governance, including the audit committee and code of ethics, is incorporated by reference from the 2024 Proxy Statement - All information required by this item will be included in the registrant's definitive Proxy Statement for its 2024 Annual Meeting of Stockholders and is incorporated herein by reference[499](index=499&type=chunk)[500](index=500&type=chunk)[501](index=501&type=chunk) [Executive Compensation](index=86&type=section&id=Item%2011%2E%20Executive%20Compensation) Details regarding executive and director compensation are incorporated by reference from the company's forthcoming 2024 Proxy Statement - All information required by this item is incorporated by reference from the company's 2024 Proxy Statement[503](index=503&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=86&type=section&id=Item%2012%2E%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Information on security ownership by certain beneficial owners and management, and equity compensation plans, is incorporated by reference from the 2024 Proxy Statement - All information required by this item is incorporated by reference from the company's 2024 Proxy Statement[504](index=504&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=86&type=section&id=Item%2013%2E%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Disclosures regarding related party transactions and director independence are incorporated by reference from the company's forthcoming 2024 Proxy Statement - All information required by this item is incorporated by reference from the company's 2024 Proxy Statement[505](index=505&type=chunk) [Principal Accountant Fees and Services](index=86&type=section&id=Item%2014%2E%20Principal%20Accountant%20Fees%20and%20Services) Information concerning fees paid to and services provided by the principal independent registered public accounting firm is incorporated by reference from the 2024 Proxy Statement - All information required by this item is incorporated by reference from the company's 2024 Proxy Statement[506](index=506&type=chunk) PART IV [Exhibits and Financial Statement Schedules](index=87&type=section&id=Item%2015%2E%20Exhibits%20and%20Financial%20Statement%20Schedules) This section lists all exhibits filed with the Form 10-K, including corporate governance documents, material contracts, and required certifications - This section lists all exhibits filed with the annual report, including corporate governance documents, material contracts, and certifications[507](index=507&type=chunk) - Key exhibits incorporated by reference include the Second Amended and Restated Credit Agreement (10.1), the Sprott Royalty Agreement (10.7), and the Hycroft Property Initial Assessment Technical Report Summary dated March 27, 2023 (96.1)[508](index=508&type=chunk)[513](index=513&type=chunk) [Form 10-K Summary](index=94&type=section&id=Item%2016%2E%20Form%2010-K%20Summary) The company has not provided a summary of the Form 10-K - None[515](index=515&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38387 HYCROFT MINING HOLDING CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of in ...

FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 82-2657796 (I.R.S. Employer Identification No.) 4300 Water Canyon Road, Unit 1 Winnemucca, Nevada 89445 (Address of principal executive offices) (Zip code) ☐ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38387 HYCROFT MINING HOLDING CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K HYCROFT MINING HOLDING CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 4300 Water Canyon Road, Unit 1 Winnemucca, Nevada 89445 (Address of principal executive offices) (Zip code) (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUAN ...

FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38387 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 HYCROFT MINING HOLDING CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction o ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38387 HYCROFT MINING HOLDING CORPORATION (Exact name of registrant as specified in its charter) Delaware (Registrant ...