AMC Entertainment Holdings completed the sale of 2.34 million shares of Hycroft Mining Holding Corporation to Sprott Mining on December 5, 2025, receiving a net consideration of $24.1 million. The transaction transferred the majority of AMC’s equity investment, leaving the company with a smaller holding of 64,000 shares and more than one million warrants that can be exercised in the future.
The sale is expected to generate an accounting profit of approximately $7.9 million in the fourth quarter ending December 31, 2025, providing AMC with liquidity that can be redeployed to strengthen its core theatrical exhibition business during the holiday season.
CEO Adam Aron said the original investment in March 2022 “set in motion the transformation of Hycroft to unlock the full potential of its vast gold and silver mineral resources.” He added that the divestiture is an “exceptional result for both Hycroft and AMC investors,” underscoring AMC’s strategic pivot back to its primary focus on movie theaters.
Hycroft Mining, which has recently eliminated all debt and raised additional capital through public offerings, will use the cash infusion to fund exploration and development projects in Nevada. The company’s financial position has improved, but the capital will accelerate the timeline for bringing new mines to production.
Sprott Mining, a private Canadian corporation owned by investor Eric Sprott, remains a significant shareholder in Hycroft. The transaction aligns with Sprott’s broader strategy of investing in high‑potential mining assets and provides Hycroft with a stable partner for future growth.
The retained warrants give AMC the right to purchase additional Hycroft shares at a set price, allowing the company to benefit from any upside while limiting its exposure to the mining sector.
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