HYCROFT ANNOUNCES EXERCISE OF UNDERWRITERS' OVER-ALLOTMENT OPTION

Core Viewpoint - Hycroft Mining Holding Corporation has announced the exercise of the underwriters' over-allotment option in connection with its public offering of Class A Common Stock, increasing the total shares offered and expected proceeds significantly [1][2]. Offering Details - The underwriters exercised an over-allotment option to purchase an additional 3,295,076 shares at a public offering price of $6.50 per share [1]. - The initial public offering was for 23,076,924 shares, which has now been upsized to a total of 26,372,000 shares, resulting in gross proceeds of approximately $171.4 million, up from an initial estimate of $150 million [2]. - The offering is expected to close on October 14, 2025, subject to customary closing conditions [2]. Use of Proceeds - The net proceeds from the offering will be utilized to expand and accelerate exploration and drilling programs, as well as for general corporate and working capital needs, including the anticipated repayment or repurchase of existing debt obligations [4]. Company Background - Hycroft Mining Holding Corporation is a US-based gold and silver company focused on developing the Hycroft Mine, one of the largest precious metals deposits globally, located in northern Nevada [7]. - The company aims to transition the Hycroft Mine into the next phase of commercial operations for processing sulfide ore and is engaged in a robust exploration drill program to expand high-grade silver systems [7].