Hycroft Mining Holding Corp (HYMC)

[Prudent Capitalist]

LMFAO! Hycroft is nowhere near even being able to think about reopening. HYMC has no current actual mining operations or revenue, and no mining equipment anymore. There are a ton of questions that will have to be answered, steps which would need to be taken, funds raised ($5 -$7 Billion), and construction completed before HYMC can even think about resuming actual mining operations for commercial production of gold or silver in the distant future some day, if ever, e.g.:

1. When and how will HYMC raise the necessary funding, now estimated at $5 Billion+ and perhaps now $7 Billion, to complete the necessary steps, construction and purchase of the requisite mining equipment to reopen the mine?

2. How long will it be before HYMC has a functioning completed leach pad, which would need to exist before any reopening of the mine? The alleged "new" leach pad we have heard about here isn't anywhere close to being finished...pumps were never installed and only a fraction of the piping;

3. The big Merrill Crowe plant isn't operational. What is currently being done to construct and complete a functioning Merrill Crowe plant, which is a requisite element of any reopening of the mine and resumption of mining operations?

4. What is being done to provide and secure adequate power for a reopening of the mine and resumption of mining operations? The incoming power line isn't big enough and will have to have a new transmission line off the main power grid parallel to I-80, 75 miles away.

5. When will HYMC secure the requisite permits to have in place? They need to permit a roaster and/or autoclave. Permits they don't have currently; and

6. Boots on the ground in Humboldt and Pershing Counties where the defunct former Hycroft mine property is located continue to indicate that absolutely nothing is being accomplished to address or advance any of the issues and problems outlined above, and that the Hycroft property is pretty much a ghost town, e.g. no visible activity or employees, and no sign of any equipment on site, etc.

HYMC ceased all mining operations in early November 2021, and these are just a few questions and points which need to be answered before any thought or preparation for any resumption of actual mining operations on down the line in the distant future. But any suggestion that the HYMC mine is "about to open" is nonsensical bullshit.