Just recently, AMC Entertainment disclosed that the company is buying 22% of Hycroft Mining Holding Corporation (NASDAQ:HYMC), a Nevada-based gold and silver mining company.
Along with that sizable stake, AMC Entertainment will receive an additional 23.4 million warrants in Hycroft, priced at $1.07 per share.
Why is the company making this investment? AMC Entertainment Chairman and CEO Adam Aron shed some light on this topic, saying, “Our strategic investment being announced today is the result of our having identified a company in an unrelated industry that appears to be just like AMC of a year ago.”
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