Hycroft Announces Exercise and Closing of Underwriters' Option

Core Viewpoint - Hycroft Mining Holding Corporation successfully exercised the underwriters' over-allotment option, resulting in additional capital to support exploration and development activities at the Hycroft Mine [1][4]. Group 1: Offering Details - The underwriters' over-allotment option included the purchase of an additional 1,324,117 shares of Class A Common Stock at $3.49 per share and 937,500 warrants at $0.02 per warrant [1][2]. - The total number of Class A Common Stock sold in the public offering increased to 13,824,117 shares, with total warrants issued rising to 7,187,500 [3]. - Gross proceeds from the offering reached approximately $48.4 million before deducting underwriting discounts and offering expenses [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for further exploration, working capital, and general corporate purposes [4]. Group 3: Company Background - Hycroft Mining Holding Corporation is focused on developing the Hycroft Mine, one of the largest precious metals deposits in northern Nevada, and is transitioning to commercial operations for processing sulfide ore [7]. - The company is also engaged in a robust exploration drill program to expand high-grade silver systems and unlock the full potential of its mining assets [7].