Hycroft Mining Holding Corporation announced on September 11, 2025, the closing of its non-brokered private placement, which raised gross proceeds of US$60 million. The placement consisted of 14,017,056 units at a price of $4.2805 per unit.
Each unit included one common share and one-half common share purchase warrant, with each whole warrant exercisable at $6.00 per share for 24 months. Eric Sprott was the lead investor, acquiring 9,344,704 units for $40 million, increasing his beneficial ownership to approximately 33% of outstanding shares.
Tribeca Global Natural Resources Ltd. acquired 4,438,734 units for $19 million, resulting in approximately 8% beneficial ownership. Following the private placement, the company's unrestricted cash balance is approximately $129 million, providing substantial capital for mine advancement, working capital, and general corporate purposes.
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