WINNEMUCCA, Nev., April 11,
2022 /PRNewswire/ -- Hycroft Mining Holding
Corporation (Nasdaq: HYMC) ("Hycroft" or the "Company"), a precious
metals development company that owns the Hycroft Mine located
in the world-class mining region of Northern Nevada, is pleased to announce that
it has made changes to its board of directors, that are effective
immediately.
Mr. Stephen Lang has been
appointed as Chair of the Board of Directors, assuming the role
from Ms. Diane Garrett who has been
Acting Chair and who will remain President & CEO of the Company
and a member of the Board. Mr. Lang has been a member of the
Hycroft Board of Directors since 2021 and has vast experience in
mining operations and, combined with his business and Board
leadership experience, is exceptionally qualified to lead the Board
and team as we advance the exploration and development of the
Hycroft project.
The Company will also expand and strengthen the board with the
appointment of Mr. Sean Goodman,
Executive Vice President and Chief Financial Officer of AMC
Entertainment, which recently became one of Hycroft's largest
stockholders through an equity investment in Hycroft. Mr. Goodman
will also join our Audit and Nominating and Governance
Committees.
Diane Garrett, President
and CEO of Hycroft, commented, "On behalf of the Board, we
are extremely pleased that Steve has assumed the role of Chair to
lead the Board through this next chapter in our development.
Additionally, our new partnership with AMC continues to grow with
the addition of another strong board member as their
representative, Mr. Sean Goodman.
Sean holds the position of Executive Vice President, Chief
Financial Officer at AMC Entertainment and his skillset in
strategic finance across multiple industries will complement the
talents of our existing board and bring new ideas and diverse views
for development of this world-class North American asset."
Mr. Stephen
Lang
Mr. Lang has over 40 years of experience in
the mining industry, including engineering, development and
production at gold, copper, coal and platinum group metals
operations. Mr. Lang is Chair of Hudbay Minerals and was Chief
Executive Officer of Centerra Gold Inc. from 2008 to 2012 and
served as Centerra's Board Chair from 2012 to 2019. Mr. Lang has
also held senior operating positions at Stillwater Mining Company,
Barrick Gold Corporation, Rio Algom Limited and Kinross Mining
Corporation. Mr. Lang holds a Bachelor of Science degree and a
Master of Mining Engineering degree from the University of Missouri-Rolla.
Mr. Sean
Goodman
Mr. Goodman is the Executive Vice
President and Chief Financial Officer of AMC. He has more
than 30 years of experience in strategic planning, capital markets
and finance. Prior to joining AMC, Mr. Goodman was the Chief
Financial Officer of Asbury Automotive Group, Inc. from
July 2017 to November 2019 and the Chief Financial Officer of
Unifi, Inc. from January 2016 to
June 2017. Earlier in his
career, Mr. Goodman served in various senior strategy and finance
roles at The Home Depot, Inc. Mr. Goodman began his career as
an investment banker with Morgan Stanley, Inc. and in various
consulting and public accounting positions with Deloitte LLP.
Mr. Goodman has a Master of Business Administration degree from The
Harvard Business School and a Bachelor
of Business Science degree (with honors) from the University of
Cape Town in South Africa.
Mr. Goodman is a certified public accountant.
The Company also announced that it has set the meeting date for
its 2022 annual meeting of stockholders on June 2, 2022 for stockholders of record on
April 6, 2022.
About Hycroft Mining Holding Corporation
Hycroft Mining Holding Corporation is a U.S.-based gold and silver
development company that owns the Hycroft Mine, a well-established,
world-class asset with a significant mineral endowment in
Northern Nevada, a tier one mining
jurisdiction. The company is focused on transforming Hycroft into a
large-scale mining operation by developing a process for its large
sulfide gold and silver mineral resources on site. Additional
information is available at hycroftmining.com.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the
meaning of Section 27A of the United States Securities Act of 1933,
as amended, Section 21E of the Unites States Securities Exchange
Act of 1934, as amended, or the Unites States Private Securities
Litigation Reform Act of 1995. All statements, other than
statements of historical facts, included herein and public
statements by our officers or representatives, that address
activities, events or developments that our management expects or
anticipates will or may occur in the future, are forward-looking
statements, including but not limited to such things as future
business strategy, plans and goals, competitive strengths and
expansion and growth of our business. The words "estimate", "plan",
"anticipate", "expect", "intend", "believe" "target", "budget",
"may", "can", "will", "would", "could", "should", "seeks", or
"scheduled to" and similar words or expressions, or negatives of
these terms or other variations of these terms or comparable
language or any discussion of strategy or intention identify
forward-looking statements. Forward-looking statements address
activities, events or developments that the Company expects or
anticipates will or may occur in the future and are based on
current expectations and assumptions. These risks may include the
following and the occurrence of one or more of the events or
circumstances alone or in combination with other events or
circumstances, may have a material adverse effect on the Company's
business, cash flows, financial condition and results of
operations. Please see our "Risk Factors" set forth our Annual
Report on Form 10-K for the year ended December 31, 2021, and other reports filed with
the SEC for more information about these and other risks. You are
cautioned against attributing undue certainty to forward-looking
statements. Although we have attempted to identify important
factors that could cause actual results to differ materially from
those described in forward-looking statements, there may be other
factors that cause results not to be as anticipated, estimated or
intended. Although these forward-looking statements were based on
assumptions that the Company believes are reasonable when made, you
are cautioned that forward-looking statements are not guarantees of
future performance and that actual results, performance or
achievements may differ materially from those made in or suggested
by the forward-looking statements contained in this news release.
In addition, even if our results, performance, or achievements are
consistent with the forward-looking statements contained in this
news release, those results, performance or achievements may not be
indicative of results, performance or achievements in subsequent
periods. Given these risks and uncertainties, you are cautioned not
to place undue reliance on these forward-looking statements. Any
forward-looking statements made in this news release speak only as
of the date of those statements, and we undertake no obligation to
update those statements or to publicly announce the results of any
revisions to any of those statements to reflect future events or
developments.
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SOURCE Hycroft Mining Holding Corporation