Hycroft reports best-ever drill hole, $49.6M cash, $125M debt; exploring restructuring

HYCROFT MINING HOLDING CORP

Best hole in 40-year history: 21.2m of 2,359.68 g/t silver, including intervals >6,000 g/t silver.
2024 drill program completed 9,058m; high-grade Brimstone and Vortex trends extended up/down dip and along strike.
Cash of $49.6M after pre-paying $38M first lien debt; total debt $125M; exploring strategic alternatives including restructuring.
Achieved 0.00 total recordable injury frequency rate for over 2 years; awarded Nevada Mining Association 2024 Operator Safety Award.
Technical studies for sulfide milling progressing; roasting vs. POX trade-off study; technical report with economics expected late 2025.

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