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Thursday, January 19, 2023 4:40:25 PM
AMC Entertainment Holdings Inc. Announces Significant Investment, Buying 22% of Hycroft Mining Holding Corporation
Aron explained, “AMC’s willingness alongside gold and silver expert Eric Sprott to invest in Hycroft has already had immediate benefit for the company. It is receiving an infusion of $56 million of equity from the two of us, considerably lengthening its financial runway.
AMC buying 22% of Hycroft Mining Holding Corporation, and to receive an additional 23.4 million warrants in Hycroft at $1.07 per share
Making an investment equal to AMC is Eric Sprott, one of the world’s leading gold and silver investors
The 71,000 acre Hycroft Mine in northern Nevada is one of North America’s largest development sites
Independent third-party studies confirm that the Hycroft Mine has some 15 million ounces of gold resources and some 600 million ounces of silver resources
With its investment, AMC has been granted the right to appoint a representative to the Hycroft Board of Directors
The SEC filings cover the details.
https://investor.amctheatres.com/newsroom/news-details/2022/AMC-Entertainment-Holdings-Inc.-Announces-Significant-Investment-Buying-22-of-Hycroft-Mining-Holding-Corporation/default.aspx
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