Hycroft Mining Holding Corp (HYMC)

[BottomBounce]

$HYMC Hycroft Completes $138.6 Million At-The-Market Equity Offering Program
Balance Sheet Strengthened With $194.4 Million In Gross Proceeds From Recent Equity Investments

Diane Garrett, President, CEO and Acting Chairman of Hycroft, commented, “We are extremely pleased with this successful financing which places the Company on solid footing to advance the Hycroft Mine as well as opening up additional opportunities for the Company. Thanks to the significant and timely equity private placement announced March 15, 2022, with Eric Sprott and AMC Entertainment Inc., combined with the ATM equity program completed today, our financial position is significantly strengthened allowing us to reduce our debt and extend repayment to 2027. Raising gross cash proceeds of $194.4 million changes the dynamics of the Company, expanding our ability to properly and diligently develop the Hycroft Mine, including a robust exploration program, and to further unlock the value of this world-class asset. We welcome our new shareholders to the Company and look forward to updating you with ongoing developments.”

http://www.hycroftmining.com/