Hycroft Mining Holding Corp (HYMC)

[LouisDesyjr]

More on $17.5 million asset sale

It does look like there were two objections.

1: Doc #181
https://cases.primeclerk.com/alliednevadagold/Home-DownloadPDF?id1=OTk5NTI=&id2=0
WK Mining objected that they did not know if their mining rights were part of the sale. The response was that it did not matter, since where ever the rights are, at some point the rights will be with NewCo or the sale.

2: EC Doc#213. The EC objected also, citing information and not knowing exactly what was being sold.

The court did not seem to think these problems mattered since:
1: The assets are all undeveloped.
2: The company had been trying to sell the assets for three years with no buyers.
3: No other buyer qualified to bid on the land/rights, so they did not even have an auction since there was only one buyer.

Louis J. Desy Jr.