11 Sept 2025capital raising announcement▲ GoodMajor
Hycroft closed the $60 million private placement announced a week earlier.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
3 Sept 2025capital raising announcement▲ GoodMajor
Hycroft agreed to a $60 million non-brokered private placement of 14,017,056 units at $4.2805, each with a share and a half warrant exercisable at $6.00 for two years, mainly with Eric Sprott and Tribeca. Proceeds were to fund advancement of the Hycroft Mine and working capital.
What it means for a shareholder
14.0m new shares at US$4.28 to raise about US$60.0m. That's 26% dilution: every existing holder's slice gets 26% smaller. If you held US$1,000 of shares (234 at the issue price), your slice goes from 0.000597% to 0.000439% of the company. To keep it you'd need 84 more shares - about US$360 at the issue price.
Create a free account to see this worked out for your own holding.
28 Mar 2022capital raising announcement▼ Bad
Hycroft announced on March 25, 2022 that it had completed its at-the-market equity offering program. The filing gave no further details on the amount raised.
15 Mar 2022capital raising announcement▼ BadMajor
Hycroft agreed to sell 46.8 million units at $1.193 each to AMC and an Eric Sprott-affiliated entity for about $56 million. That satisfied the $50 million condition for Sprott to end scheduled principal payments until May 2025, and noteholders agreed to extend their notes' maturity to 2027.
14 Jan 2020capital raising announcement▲ GoodMajor
Mudrick Capital signed the purchase agreement to acquire Hycroft Mining Corporation, the successor to bankrupt Allied Nevada Gold and operator of the Hycroft heap-leach gold/silver mine -- the deal that closed four months later and renamed the company Hycroft Mining Holding Corporation.
6 Mar 2018capital raising announcement● Neutral
Cantor Fitzgerald partially exercised its IPO overallotment option, adding $8 million more to Mudrick Capital's trust via 800,000 additional units.
16 Feb 2018capital raising announcement● Neutral
Alongside its IPO, Mudrick Capital completed a $7.5 million private placement of warrants to its sponsor and underwriter Cantor Fitzgerald -- standard SPAC structuring.
13 Feb 2018capital raising announcement● Neutral
Mudrick Capital Acquisition Corporation -- the blank-check company that would later become Hycroft Mining -- closed its IPO, raising $200 million selling 20 million units at $10.00 each.