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***** LMAO Its for exploration not for mining silver or gold !!!
ENOUGH SAID
Underground Mine and would be restart, per filing April 3
Just like I have posted.
WINNEMUCCA, NV, April 3, 2024 – Hycroft Mining Holding Corporation (Nasdaq: HYMC) (“Hycroft” or “the Company”) is pleased to provide an
update for the ongoing 2024 exploration drill program.
The 2024 Brimstone and Vortex drilling is well underway with assays pending on the initial drill holes. This 10-hole program, launched in February 2024, is
targeting the two high-grade underground silver trends discovered in November 2023 (see news release dated November 16, 2023 “Hycroft Drills Best Hole
Ever - Discovers New High-Grade Silver System”). Due to the exciting results achieved, this drill program was launched in February 2024 and will continue
through May 2024 with flexibility to expand the program. The drilling is targeting confirmation of the continuity of the high-grade silver mineralization
between the Vortex-Brimstone trend and the Vortex-Camel trend, expanding both trends along strike and at depth, and enhancing our understanding of
structural controls.
Alex Davidson, Vice President, Exploration, commented “The paradigm is shifting with our understanding of what is controlling the high-grade mineralization
within the expansive Hycroft system. This new understanding of low-angle structural controls has far-reaching implications for the broader district-scale
targets, as well as the high-grade silver discoveries. This has been confirmed through drill data and recent geophysics. This work supports the idea of a
potential underground starter mine at Hycroft, which would contribute to more robust economics and lower initial capital costs generating better value for our
shareholders.”
Mr. Davidson also commented: “The Vortex-Brimstone trend is a series of well-defined high-grade veins that remains open in both directions and at depth. The
Vortex-Camel trend is a structurally controlled system that has become more apparent as we continue our work that also remains open in both directions and at
depth.”
Diane R. Garrett, President and CEO stated: “The exploration and on-going technical work at Hycroft is solidifying our belief that the potential of this asset has
yet to be fully understood. Through our work and on-going communications and marketing to the investing public, our story is resonating positively and we are
pleased to see that reflected in the recent performance of our share price.
“Not only does our team continue to deliver incredibly strong exploration results, fueling this project forward, but they also continue to demonstrate a
commitment to health and safety at site continuing to maintain a 0.00 TRIFR.
HYMC, Next Target, The Moon!
https://www.otcmarkets.com/filing/conv_pdf?id=17425150&guid=p9Q-kn8hn_NeJth
***** BUYER BEWARE !!! HYMC ( Hyturd ) pump and dump in effect
ENOUGH SAID
Value & Volume Spikes! Dips and Rips! $HYMC
LMAO! So, now HYMC is somehow a "subsidiary" of AMC? More accurate to state that AMC invested around $28 Million in grossly overvalued shares of HYMC, and that, even after the recent bump in HYMC's share price, Adam Aaron and AMC are currently (-73%) on that ill-fated investment in HYMC, which recently again confirmed that it has had no mining operations whatsoever since 2021, and that it had no revenue whatsoever for calendar years 2022 and 2023. SMFH
WINNEMUCCA, NV, April 3, 2024 – Hycroft Mining Holding Corporation (Nasdaq: HYMC) (“Hycroft” or “the Company”) is pleased to provide an update for the ongoing 2024 exploration drill program.
The 2024 Brimstone and Vortex drilling is well underway with assays pending on the initial drill holes. This 10-hole program, launched in February 2024, is targeting the two high-grade underground silver trends discovered in November 2023 (see news release dated November 16, 2023 “Hycroft Drills Best Hole Ever - Discovers New High-Grade Silver System”). Due to the exciting results achieved, this drill program was launched in February 2024 and will continue through May 2024 with flexibility to expand the program. The drilling is targeting confirmation of the continuity of the high-grade silver mineralization between the Vortex Brimstone trend and the Vortex-Camel trend, expanding both trends along strike and at depth, and enhancing our understanding of structural controls.
Alex Davidson, Vice President, Exploration, commented “The paradigm is shifting with our understanding of what is controlling the high-grade mineralization within the expansive Hycroft system. This new understanding of low-angle structural controls has far-reaching implications for the broader district-scale targets, as well as the high-grade silver discoveries. This has been confirmed through drill data and recent geophysics. This work supports the idea of a potential underground starter mine at Hycroft, which would contribute to more robust economics and lower initial capital costs generating better value for our shareholders.”
Mr. Davidson also commented: “The Vortex-Brimstone trend is a series of well-defined high- grade veins that remains open in both directions and at depth. The Vortex-Camel trend is a structurally controlled system that has become more apparent as we continue our work that also remains open in both directions and at depth.”
Ms. Garrett continued: “Not only does our team continue to deliver incredibly strong exploration results, fueling this project forward, but they also continue to demonstrate a commitment to health and safety at site continuing to maintain a 0.00 TRIFR.”
Corporate Update
During the first quarter of 2024, the Company continued to operate safely and execute its plans to further drill the newly identified high-grade silver trends, advance the technical work for a sulfide milling operation, and enhance the balance sheet. In addition to ongoing exploration and other operational expenditures, on January 5, 2024, the Company voluntarily pre-paid $38 million of its senior secured debt with Sprott Resource Lending. At March 31, 2024, unrestricted cash was $57.4 million, restricted cash was $26.6 million, and the Company was in compliance with its debt covenants
***** Gold and silver prices are meaningless to HYMC ( Hyturd ) as they mine none - whoops
ENOUGH SAID
Powder Ready! $HYMC
Balance Sheet: The Company ended 2023 with $106 million of unrestricted cash, including $9 million received from a reduction in cash collateral associated with the project reclamation bond, and was in compliance with debt covenants. On January 5, 2024, the Company voluntarily pre-paid $38 million of its senior secured debt with Sprott Resource Lending, leaving an unrestricted cash balance of approximately $66 million at that time
Moonmarket special here also
The March 24 Corporate Presentation is a bute!
With Gold rocketing and the updated March Presentation, Hycroft will be a force to be force to be reckoned with both heap leach and milling operation.
https://hycroftmining.com/_resources/presentations/corporate-presentation.pdf?v=0403
***** What ? low volume ? Might wanna look at HYMC (Hyturds) historicals on ihubs quote page - whoops
https://ih.advfn.com/stock-market/NASDAQ/hycroft-mining-HYMC/historical
SMH
ENOUGH SAID
Much Appreciated & More Powder Loaded $HYMC Silver and Gold Apes!
🔥🩳🔥 @Saving Grace $AMC subsidery HYMC Up 97 Percent - There's GOLD in them thar hills? Some perspective on the Hycroft run up
There's GOLD in them thar hills? Some perspective on the Hycroft run up. Over the last few days Hycroft Mining (NSDQ: HYMC) is up around 60%, and up 97% from the recent lows in November 2023. With news that gold is reaching all time highs, let's take a look at what possibly could be causing this run up. Also, what does this mean for AMC as the largest investor in Hycroft?
NOT FINANCIAL ADVICE
🔥🩳🔥 Here we go!!! AMCi aka AMC ENTERTAINMENT Holdings #AMC bought on March 14, 2022; 23,408,240 shares of HYCROFT MINING INC #HYMC AT $1.193 per share which is equals to $27,926,030.32 dollars. By today's stock price of #HYMC, #AMC has doubled that investment profit. Not only that. Guess what? #AMC and #HYMC AGREED TO A "WARRANT" for #AMC PER SHARE (unit) of common stock of #HYMC MEANING, #AMC can double that purchase or sell AT ANY TIME (exercise the warrants). THIS IS BIG!
Here we go!!! AMCi aka AMC ENTERTAINMENT Holdings #AMC bought on March 14, 2022; 23,408,240 shares of HYCROFT MINING INC #HYMC AT $1.193 per share which is equals to $27,926,030.32 dollars. By today's stock price of #HYMC, #AMC has doubled that investment profit. Not only that.… pic.twitter.com/tFLObThS8y
— Alexandre Var-gas 🐒 (@30Alexandre2019) April 3, 2024
***** Shorts going to hammer Hyturd right back down soon
ENOUGH SAID
***** Hyturd needs to fire its promotional awareness campaign manager asap
ENOUGH SAID
Sweet! Thanks Saving Grace
***** Hyturds RSI way overbought - huge dump coming
ENOUGH SAID
Just broke $4 and still going up! Resistance not standing a chance.
Up a Buck and still going!