HYMC · 10-Q · 2026Q1 · Full report

Equity Warrant Mandatory Exercise

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

Following conditions for a Required Exercise under the 2025 Private Placement Warrant Agreement, Hycroft issued a Notice of Required Exercise on December 14, 2025 requiring exercise of 6,891,719 warrants at $6.00 per warrant for net proceeds of $41.4 million. Through December 31, 2025, 111,809 Private Placement Warrants were exercised for net proceeds of $0.7 million, and the remaining 6,779,910 Private Placement warrants and associated funding occurred in January 2026. The company also recorded net proceeds from other warrant exercises in Q1 2026 (notably $40.7 million reported in the liquidity table and $2.8 million from public offering warrants exercised at $4.20). The mandated exercise materially increased near-term liquidity and funded exploration and development activities.

Key facts

• The Notice of Required Exercise required the exercise of 6,891,719 Private Placement warrants at the exercise price of $6.00 per warrant for net proceeds of $41.4 million.
• After satisfying conditions for a Required Exercise under the 2025 Private Placement Warrant Agreement, Hycroft issued the Notice of Required Exercise to remaining Private Placement warrant holders on December 14, 2025.