Hycroft Mining slips on planned $100 mln stock sale

Hycroft Mining Holding

09/10/2025 12:43

** Shares of gold and silver firm Hycroft Mining HYMC.O down 1.4% premarket to $7.06 as it looks to raise equity

** Nevada-based HYMC announces $100 mln stock offering to expand and accelerate its exploration and drilling programs

** Co expects to use net proceeds for general corporate and working capital needs, including anticipated paying down and eliminating its existing debt obligations

** BMO lead bookrunner for offering, joined by Paradigm Capital

** HYMC has ~54.6 mln shares outstanding, per the prospectus, giving it about $391 mln market cap through Weds

** Longtime precious-metals investor Eric Sprott's 2176423 Ontario Ltd holds about 17.5 mln shares, and AMC Entertainment AMC.N owns about 2.38 mln shares, per LSEG data

** Sprott and movie theater operator AMC initially bought stakes in HYMC in March 2022, when the miner was on the verge of bankruptcy

** HYMC shares on Weds closed up ~10% at $7.16. Stock has more than doubled over the past three months as spot gold XAU= and silver XAG= prices surge to record highs GOL/

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))