Hycroft Mining (US:HYMC) Prnewswireยท2025-10-28 10:45Core Viewpoint - Hycroft Mining Holding Corporation has successfully eliminated its debt and strengthened its balance sheet, positioning itself to pursue growth opportunities and enhance long-term value creation [2][5]. Corporate Highlights - The company raised $235 million in net cash proceeds through various equity offerings and eliminated approximately $136 million of total indebtedness, resulting in a debt-free status [5]. - Approximately 80% of Hycroft's outstanding shares are now held by institutional investors within the global mining sector, expanding its shareholder base [5]. Operational Highlights - Hycroft has maintained a 0.00 Total Recordable Incident Frequency Rate (TRIFR) for three years, operating over 1.4 million man-hours without a Lost Time Incident [5]. - The company received safety awards, including MSHA's 2024 Certificate of Achievement in Safety Award and Nevada Mining Association's 2025 Operator Safety Award [5]. Environmental and Exploration Efforts - Hycroft has maintained an excellent environmental record and is committed to environmental stewardship [5]. - The company initiated a 2025-2026 Exploration Drill Program, focusing on high-grade silver zones, with an initial plan of 14,500 meters of core drilling [5]. - As of September 30, 2025, approximately 2,450 meters of drilling have been completed, with plans to expand the program due to recent financing [5]. Technical Studies - The company advanced metallurgical and engineering work for designing a sulfide milling operation, showing higher gold and silver recoveries compared to previous reports [5][6]. - Ongoing roasting test work aims to determine optimal operating parameters and project design for potential revenue generation through sulfuric acid production [6]. Future Plans - Considering strong gold and silver prices, the company is evaluating the re-start of a heap leaching operation within the permitted plan [9].