Hycroft Mining (HYMC) Corporate Presentation summary

Investment highlights

• Holds a substantial gold and silver resource in a Tier 1 jurisdiction, with significant exploration upside and new high-grade discoveries at Brimstone and Vortex.

• Advancing technical studies for milling operations, with a strong cash position of ~$175M and no debt as of December 2025.

• Included in major silver indices and led by a management team with a proven track record in mine development.

Resource base and geology

• Measured & indicated gold resources total 10.6M oz at 0.401 g/t Au; inferred gold resources are 3.4M oz at 0.389 g/t Au.

• Measured & indicated silver resources are 361M oz at 13.68 g/t Ag; inferred silver resources are 96M oz at 11.4 g/t Ag.

• Gold equivalent measured & indicated resources are 15.2M oz; silver equivalent measured & indicated resources are 1.181B oz.

• Resource area is less than 10% of a 64,000-acre land package, with resources open in all directions and at depth.

Exploration and technical progress

• 2025-2026 drill program targets 14,500 meters of core drilling to expand high-grade silver systems at Vortex and Brimstone.

• Recent drilling at Brimstone and Vortex has returned intervals with extremely high silver grades, including up to 80,017 g/t Ag over 0.2m.

• Metallurgical testing shows statistically significant improvements in gold and silver recoveries, with consistent results across domains.

• Technical studies underway for sulfide milling, with trade-off studies between roaster and POX, and assessment of heap-leach restart.