Hycroft Mining Holding Corp (HYMC)

[Saving Grace]

Garrett said that most projects and mines are at one point on this curve, but Hycroft is in the exploration phase and at the same time it is progressing through the engineering phase as the company gears up to resume mining.

Hycroft has several advantages over many mining projects which are in the exploration or engineering phases, Garrett said. Hycroft already has some of its permits in hand, the mine has substantial infrastructure in place, and the company is near the completion of technical studies for the next phase of operations.

The infrastructure at Hycroft includes geology and engineering buildings, a fully operational lab, truck shops, crushers, and a new leach pad. Garrett said that building all of this infrastructure at today’s prices would probably cost well over a billion dollars and would take years. She said they are keeping all this infrastructure maintained and ready to go into action when mining resumes.

Today Hycroft is fully permitted according to CEO, above and below ground with a reconstructed advanced water supply system from over a year ago.

The portion below was posted in website presentation and filings going on 3 years ago. I even have it posted in the sticky from 2021. Everything Diane said from 3 years ago is posted below. The entire article is a cut and paste history as it's labeled. Hycroft Mine is much further along than old data explains. We are nearly 4 years into a 3 to 5 year plan already. New conveyor system with newly installed 345KV power supply and towers fully constructed and in place.

“Right now the lead times for getting in some of this equipment are a year and a half,” Garrett said. “So the time to get those in, and then a year and a half of construction, you’re easily looking somewhere between the three and five-year time frame, depending on whether you go with a smaller, higher grade underground mine, or whether you go with the large open pit first.

“In any case, the plan is to mine all of it, and have a very long mine life.”