DENVER, June 11, 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,
today announced that it has assisted Mudrick Capital Management,
L.P. in placing approximately 777,968 shares of common stock and
394,863 warrants from a harvesting fund, which takes this fund
entirely out of Hycroft equity.
David Kirsch, Chairman of the
Board of Directors, stated, "Mudrick continues to intend to be
long-term shareholders of Hycroft and are supportive of
management's initiative to increase their ownership in the Company,
further aligning their interests with those of all
stakeholders."
Members of the Hycroft management team and Board, together with
existing institutional shareholders, have acquired the position,
further increasing their holdings in Hycroft's common stock.
"Hycroft is a top 20 global gold deposit and it is the second
largest global silver deposit located in the world-class mining
region of Northern Nevada, and we
believe this was a timely opportunity to increase our commitment to
this project. We appreciate the continuing support from
shareholders as the new Hycroft management and technical team
drives towards developing Hycroft into a world-class asset,"
commented Diane Garrett, President
& CEO.
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.
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SOURCE Hycroft Mining Holding Corporation