HYCROFT ANNOUNCES PUBLIC OFFERING OF COMMON STOCK

Core Viewpoint - Hycroft Mining Holding Corporation is proposing a public underwritten offering of Class A common stock to raise approximately $100 million, aimed at expanding exploration and drilling programs, addressing corporate needs, and reducing existing debt obligations [1][2][3] Group 1: Offering Details - The offering is expected to generate gross proceeds of around $100 million, with net proceeds allocated to exploration, drilling, and debt reduction [1] - BMO Capital Markets is the lead book-running manager, with Paradigm Capital also involved, and a 30-day option for underwriters to purchase an additional 15% of the offering [2] - The offering will be priced based on market conditions, with final terms determined upon entering an underwriting agreement [2][3] Group 2: Use of Proceeds - Net proceeds from the offering will be used to enhance exploration and drilling at the Hycroft Mine, aiming to unlock additional potential [1] - Funds will also address general corporate needs and working capital, including the repayment of existing debt at a discount to face value [1] 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 [5] - The company is transitioning from oxide heap leaching operations to processing sulfide ore and is engaged in exploration to expand high-grade silver systems [5]