HYMC · 10-Q · 2026Q1 · Full report

Equity Warrant Exercises

HYCROFT MINING HOLDING CORP · 2026-04-28 · Importance 64 · Surprise 42

Financing activities provided net cash of $39.3 million in Q1 2026, primarily relating to proceeds from warrant exercises. The Company recorded net proceeds of $40.7 million from the exercise of 6,779,910 Private Placement warrants at $6.00 per warrant and net proceeds of $2.8 million from 661,483 Public Offering warrants exercised at $4.20 per warrant. The Notice of Required Exercise (issued December 14, 2025) required exercise of 6,891,719 Private Placement warrants for net proceeds of $41.4 million, and the remaining 6,779,910 Private Placement warrants were exercised and funded in January 2026. Taxes paid related to net share settlement of equity awards reduced the financing cash inflow by $4.2 million in the quarter.

Key facts

• The remaining 6,779,910 Private Placement warrants and the associated funding occurred in January 2026.
• After the Notice of Required Exercise and through December 31, 2025, 111,809 Private Placement warrants were exercised for net proceeds of $0.7 million.

Impact estimates