DENVER, April 14, 2021 /PRNewswire/ -- Hycroft
Mining Holding Corporation (Nasdaq: HYMC) ("Hycroft" or the
"Company"), a gold and silver producer operating the Hycroft Mine
in the prolific mining region of Northern
Nevada, is pleased to announce that it will nominate Mr.
Stephen A. Lang and Mr. David Naccarati, to its Board of Directors at
its upcoming Annual Meeting being held on May 24, 2021.
David Kirsch, Chairman of
the Board of Directors, said, "we are very pleased to
invite and nominate Steve and David to the Board of Directors. Both
gentlemen are seasoned mining professionals with extensive
technical expertise in mining operations, mine development, safety
and leadership and will be joining at a critical time where their
depth of operational and technical experience will be important in
guiding the Company as we continue to develop Hycroft into a
leading gold and silver mine."
Hycroft's Board of Directors regularly evaluates its composition
to ensure the appropriate skills, experience and perspective are
included to improve its key functions of overseeing personnel
development, financial performance, other major responsibilities
for strategy, risk, integrity, reputation, governance and drive
growth for all Hycroft shareholders. Following a recent review
and evaluation, the Board of Directors decided it wanted to add
skills and experience with specific mining operations and technical
metallurgical experience, encompassing functional and broader
leadership roles in demanding operational / technical environments,
of scale and involving large world-class open-pit mines.
Stephen A. Lang has over 40 years
of experience in the mining industry, including engineering,
development and production at gold, copper, coal and PGM
operations. Mr. Lang is currently Chair of the Board of Hudbay
Minerals Inc., a low-cost, long-life, diversified mining
company. He was Chief Executive Officer of Centerra Gold
Inc., a publicly traded mining company, from 2008 to 2012 and
served as Centerra's Board Chair from 2012 to 2019. Prior to that,
he served as Chief Operating Officer at Stillwater Mining Company,
Vice President/General Manager at Barrick Goldstrike operations,
Vice President of Engineering and Project Development for Rio Algom
Ltd, General Manager of the Fort Knox Mine for Kinross Gold/Amax Gold, and General Manager at
the Twin Creeks and Lone Tree
mines for Santa Fe Pacific Gold. He was a member of the Board of
Directors of a predecessor company during the development of the
Hycroft Mine from 2013 through 2015. He is also a member of
the board of directors of each of International Tower Hill Mines
Ltd., Bear Creek Mining Corporation and Argonaut Gold Inc. Mr. Lang
holds a BS and MS in Mining Engineering from the Missouri University of Science and
Technology.
David Naccarati has more than 45
years of experience in the mining industry. He currently serves as
an independent consultant to the mining industry. He was a
founding partner of Cupric Canyon Capital, LLC, a private equity
firm focused on acquiring and developing mining properties, and
served as a member of its board of directors from 2010 to
2019. Mr. Naccarati was a member of the senior
management team for Phelps Dodge Corporation, from 2004 to 2007,
including serving as president of the Phelps Dodge Mining Company,
a division of Phelps Dodge Corporation. Mr. Naccarati also
served as an adjunct professor in the department of Mining and
Geological Engineering at the University of
Arizona from 2009 to 2011. Mr. Naccarati received a
degree in Mining Engineering from the University of Arizona and an MBA from Sloan School of Management (MIT).
Mr. John Ellis has decided to
retire from the Board of Directors and will not stand for
reelection at the 2021 Annual Meeting of Shareholders.
"On behalf of the Board and management, we would
like to express our sincere thanks and appreciation to John Ellis for his insight, wisdom, counsel and
advice over the past 4 years as we have restarted the Hycroft Mine
and effected our recapitalization transaction to become and
publicly traded company," added Mr. Kirsch.
This Press Release Does Not Constitute a Solicitation of
Proxies
This press release is not a solicitation of proxies from holders
of common stock of Hycroft Mining Holding Corporation. The Company
will provide shareholders with a proxy statement and other relevant
materials in connection with the 2021 Annual Meeting of
Shareholders. Any solicitation of proxies by or on behalf of the
Company in connection with the 2021 Annual Meeting of Shareholders
will be conducted upon and following the dissemination of the proxy
statement and other materials in accordance with applicable law. We
urge shareholders to read the proxy statement and any other
relevant documents to be filed with the SEC when available, as such
documents will contain important information. Shareholders will be
able to receive the proxy statement and other relevant documents
free of charge at the SEC's website
at http://www.sec.gov or
at http://www.hycroftmining.com.
About Hycroft Mining Holding
Corporation
Hycroft is a US-based, gold and silver
producer operating the Hycroft Mine located in the world-class
mining region of Northern Nevada.
The Hycroft Mine ranks among the top 20 largest primary gold
deposits in the world and is the second largest in the United
States.
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 statements involve
known and unknown risks, uncertainties, assumptions and other
factors which may cause our actual results, performance or
achievements to be materially different from any results,
performance or achievements expressed or implied by such
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