Hycroft Mining Holding Corporation announced on September 2, 2025, a non-brokered private placement for aggregate proceeds of US$60 million. The placement, priced at-the-market under Nasdaq rules, consists of 14,017,056 units at $4.2805 per unit.
Each unit comprises one common stock share and one-half common stock purchase warrant, with each whole warrant exercisable at $6.00 per share for 24 months. Eric Sprott is the primary subscriber, acquiring approximately 66% of the placement, increasing his beneficial ownership to about 33%.
Tribeca Global Natural Resources Ltd. subscribed to approximately 34% of the placement, and will own approximately 8% of outstanding shares. The proceeds are intended to fund the advancement of the Hycroft Mine, working capital, and general corporate purposes, with closing anticipated by September 10, 2025.
The company also noted that silver was recently designated as a critical mineral by the U.S. Government. This reclassification elevates silver's status to a strategic resource vital for national security and the economy, driven by surging industrial demand and supply concerns.
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