HYCROFT MNG.HLDG.EQ. WARRT(HYMCW) - 2025 Q4 - Annual Results

Financial Performance - In 2025, the company achieved a total shareholder return exceeding 950% and eliminated all debt from its balance sheet[4] - Cash and cash equivalents increased to $194.1 million as of February 28, 2026, following warrant exercises and expenditures in 2026[6] Mineral Resources and Exploration - Measured and indicated gold and silver mineral resources increased by approximately 55% to 16.4 million ounces of gold and 562.6 million ounces of silver[6] - The company initiated the 2025-2026 Drill Program, the largest under current management, estimated at 26,000 meters of core drilling[6] - Initial drill results at Vortex demonstrated higher grades, expanding approximately 70 meters to the northwest and 90 meters down-dip to the west[6] - The company plans to accelerate exploration drilling to expand two newly identified high-grade silver systems in 2026[10] - A revised timeline for the Preliminary Economic Assessment (PEA) technical report is due to a substantial increase in mineral resources, prompting additional engineering work[8] - The recent mine plan is based on a new resource containing in excess of one billion mineral resource tonnes[11] Acquisitions and Index Inclusion - The company eliminated the Crofoot net profits royalty for $2.5 million and acquired Crofoot sulfur and other mineral rights for $1.5 million[6] - Hycroft was added to the MSCI Small Cap Index effective February 27, 2026[6]