Hycroft Mining Holding Corporation announced on June 12, 2025, the pricing of an underwritten public offering of 12,500,000 units at $3.50 per unit. Each unit consists of one share of common stock and one-half of one common stock purchase warrant, with each whole warrant exercisable at $4.20 per share for 36 months.
The gross proceeds from the offering are expected to be approximately $43,750,000, before deducting underwriting discounts and estimated offering expenses. The company also granted underwriters a 30-day option to purchase up to an additional 1,875,000 units, shares, and/or warrants.
The offering was expected to close on June 13, 2025, subject to customary closing conditions. Hycroft intends to use the net proceeds for further exploration, working capital, and general corporate purposes, bolstering its financial capacity for ongoing development.
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