HYMC · 10-Q · 2026Q1 · Full report

Sprott Royalty Agreement

HYCROFT MINING HOLDING CORP · 2026-04-28 · Importance 56 · Surprise 24

The Company is required to pay a perpetual royalty equal to 1.5% of net smelter returns from the Hycroft Mine under the Sprott Royalty Agreement, payable monthly and inclusive of additional amounts for withholding taxes payable by the royalty holder. The projected undiscounted future obligation tied to this royalty is presented as $241.2 million in the Company’s contractual cash obligations table. The amounts presented incorporate mineral resource estimates from the 2026 Hycroft TRS, connecting the royalty exposure directly to reported resource volumes. The royalty is an off‑balance sheet perpetual obligation the Company must satisfy when production resumes.

Key facts

• The Company’s gross contractual cash obligation for the Sprott Royalty Agreement as of March 31, 2026 is $241,199 thousand (undiscounted, inflated).
• As of March 31, 2026 the Company’s off-balance sheet arrangements consisted of a net smelter royalty arrangement.