Hycroft Mining closes $60M private placement led by Eric Sprott; cash rises to ~$129M

HYCROFT MINING HOLDING CORP

Gross proceeds of $60M from placement of 14,017,056 units at $4.2805 each; each unit has one share and half a warrant.
Lead investor Eric Sprott acquired 9,344,704 units for $40M; now owns ~33% of shares and 10,188,176 warrants.
Tribeca Global Natural Resources acquired 4,438,734 units for $19M; owns ~8% of shares.
Proceeds primarily for advancing Hycroft Mine, working capital; unrestricted cash after placement ~$129M.
Warrants exercisable at $6.00 per share for 24 months with accelerator provision.

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