HYCROFT ANNOUNCES PRICING AND UPSIZING OF COMMON STOCK OFFERING

Hycroft Mining Holding Corporation (Nasdaq: HYMC) announced the pricing of its public underwritten offering, a move that underscores the ongoing capital markets activity in the junior mining sector. The company is set to offer 23,076,924 shares of Class A common stock at a price of $6.50 per share, resulting in expected gross proceeds of approximately $150 million, before accounting for underwriting discounts, commissions, and other offering expenses. Investors should note that underwriters have been granted a 30-day option to purchase up to an additional 3,295,076 shares, potentially increasing the capital raised.

The offering, expected to close on October 14, 2025, is structured to provide Hycroft with significant financial flexibility. The company intends to allocate the net proceeds towards expanding its exploration and drilling programs at the Hycroft Mine in Nevada. This initiative aims to identify and develop additional near-mine and district-scale resources, capitalizing on the mine’s potential. From a technical perspective the ability of Hycroft to identify and exploit ore bodies at increased depths and through advanced extraction methods will be closely watched.

Beyond exploration, a crucial aspect of Hycroft’s strategy involves strengthening its balance sheet. The company plans to use a portion of the proceeds to repay or repurchase existing debt obligations, potentially at a discount. This debt reduction strategy is expected to lower future interest expenses. Analysts note that successful execution of this plan is vital to improve the company’s financial standing and attract further investment.

BMO Capital Markets is leading the offering as the lead book-running manager, with Paradigm Capital acting as book-running manager. Cormark Securities Inc. is serving as co-manager, and SCP Resource Finance LP is acting as a capital markets advisor to Hycroft. The composition of the underwriting syndicate reflects a blend of expertise in both the mining sector and capital markets.

The offering is being conducted under an effective shelf registration statement on file with the U.S. Securities and Exchange Commission (SEC). This provides Hycroft with agility in accessing capital markets. Investors can access the preliminary prospectus supplement on the SEC’s website.

About Hycroft Mining Holding Corporation

Hycroft Mining Holding Corporation is focused on developing the Hycroft Mine, located in northern Nevada. The company is currently working on technical studies to facilitate a transition to processing sulfide ore. The Hycroft Mine is considered to be among the world’s largest precious metals deposits. Additionally, the company has an exploration drill program focused on finding and expanding high-grade silver systems, and unlock further oxide leaching potential.

Cautionary Note Regarding Forward-Looking Statements

This announcement contains forward-looking statements that are subject to risks and uncertainties. These statements concern future activities, events, or developments that Hycroft expects or anticipates may occur. Factors that could cause actual results to differ materially from those described in the forward-looking statements include, but are not limited to, changes in operations at the Hycroft Mine, estimates of mineral resources, the risks related to feasibility studies, the ability to re-establish commercially feasible mining operations, industry-related risks, fluctuations in the price of gold and silver, exploration and development activities, reliance on contractors and consultants, and the availability and cost of equipment, supplies, energy, or reagents. Investors are cautioned not to place undue reliance on these statements, which speak only as of the current date. The company undertakes no obligation to update these statements. All forward-looking statements contained in this news release are expressly qualified by the foregoing cautionary statements.