Hycroft Mining (HYMC) Registration Filing summary

Company overview and business model

• Operates as a U.S.-based gold and silver exploration and development company, owning the Hycroft Mine in Northern Nevada, with a focus on advancing exploration and technical studies to restart mining operations.

• Mining operations were restarted in 2019 and discontinued in November 2021 due to cost pressures; current efforts focus on technical studies and exploration to optimize processing methods for sulfide and oxide ores.

• Holds significant measured, indicated, and inferred mineral resources, with plans to update technical reports and expand high-grade mineralization through drilling programs in 2025-2026.

Financial performance and metrics

• As of October 23, 2025, 80,965,791 shares of common stock were outstanding, with additional shares issuable upon exercise of warrants and vesting of restricted stock units.

• Recent private placement in September 2025 raised $60 million, and a public offering in October 2025 raised net proceeds of $164,996,952.

• Proceeds from offerings are allocated to exploration, working capital, and repayment or repurchase of existing debt obligations at a discount.

Use of proceeds and capital allocation

• Proceeds from warrant exercises (up to $42,051,168 if all exercised) will fund advancement of the Hycroft Mine, working capital, and general corporate purposes.

• Net proceeds from the October 2025 public offering are intended to expand and accelerate exploration and drilling, support near-mine and district-scale potential, and retire existing debt.