HYMC · 10-Q · 2026Q1 · Full report

Warrant Exercise Proceeds

HYCROFT MINING HOLDING CORP · 2026-04-28 · Importance 71 · Surprise 60

During Q1 2026 the Company received cash from warrant exercises including net proceeds of $40.7 million from 6,779,910 Private Placement warrants exercised at $6.00 and $2.8 million from 661,483 Public Offering warrants exercised at $4.20. The Company had issued a Notice of Required Exercise under the 2025 Private Placement Warrant Agreement that resulted in the exercise and funding of the remaining private placement warrants in January 2026. Warrant proceeds were the primary source of financing activity in the quarter and materially increased cash provided by financing activities to $39.3 million.

Key facts

• For the three months ended March 31, 2026, financing activities provided net cash primarily related to proceeds from warrant exercises of $43.5 million, partially offset by taxes paid related to net share settlement of equity awards of $4.2 million.
• The Company used proceeds from warrant exercises of $43.5 million in Q1 2026 as reported in the cash flow reconciliation.
• The Company received net proceeds of $40.7 million from 6,779,910 warrants issued as part of the 2025 Private Placement that were exercised at the warrant exercise price of $6.00 per warrant.
• The Company received net proceeds of $2.8 million from 661,483 warrants issued as part of the 2025 Public Offering that were exercised at the warrant exercise price of $4.20 per warrant.

Impact estimates