WINNEMUCCA, Nev., March 3, 2026 /PRNewswire/ — Hycroft Mining Holding Corporation (Nasdaq: $HYMC) (“Hycroft” or the “Company”) announces 2025 results and filing of its Form 10-K.
2025 Highlights
Continued injury free safety record for third consecutive year with 0.00 total recordable injury frequency rate (“TRIFR”) and 1.4 million work hours without a lost time incident
Strengthened liquidity position with debt-free balance sheet and cash and cash equivalents of US$181.7 million (with cash and cash equivalents increased to $194.1 million as of February 28, 2026, after warrant exercises and expenditures in 2026)
Increased measured and indicated gold and silver mineral resources by approximately 55% to 16.4 million ounces of gold (and an additional 5.0 million ounces of inferred) and 562.6 million ounces of silver (and an additional 132.8 million ounces of inferred) as reported in the Initial Assessment Technical Report filed February 18, 2026
Established initial high-grade silver resource with underground potential at 90.2 million ounces of measured and indicated silver and an additional 13.4 million ounces of inferred and 299 thousand ounces of measured and indicated gold and an additional 51 thousand ounces of inferred as reported in the Initial Assessment Technical Report filed February 18, 2026
Robust metallurgical recoveries of over 82.8% for gold and over 77.5% for silver utilizing a pressure oxidation process for sulfide mineralization
Initiated the 2025-2026 Drill Program – the largest drill program under current management estimated at 26,000 meters of core drilling on the two high-grade silver systems and 8,200 meters of RC drilling targeting heap leach material
Initial drill results at Vortex demonstrate higher grades and expansion – expanding approximately 70 meters to the northwest and approximately 90 meters down-dip to the west and remains open in all directions and at depth
Eliminated Crofoot net profits royalty for $2.5 million and acquired Crofoot sulfur and other mineral rights for $1.5 million
Hycroft was added to the MSCI Small Cap Index (from the MSCI Micro-Cap Index) effective February 27, 2026
Diane R. Garrett, President and Chief Executive Officer, commented:
“We are extremely pleased with the exceptional progress achieved in 2025.
Through oversubscribed equity offerings, we launched the largest exploration drill program in the Company’s history, eliminated all debt from the balance sheet, and significantly strengthened our shareholder registry—now comprised of more than 80% institutional investors from across the globe.
These milestones drove a total shareholder return exceeding 950% for the year.
Building on this strong momentum into 2026, the Company is accelerating drilling across two newly identified high-grade silver systems, advancing plans to potentially restart heap leach operations, and finalizing the technical report.
These are critical steps as we continue to unlock value and advance this world-class asset up the value curve.
We are incredibly grateful to our new and existing stakeholders for their continued support and belief in our vision. Your confidence in our strategy and team has been instrumental in our continued efforts to unlock value at this world-class asset.”
2026 Outlook
In 2026, the Company plans to:
Accelerate exploration drilling to expand the two high-grade silver systems
Test new potential high-grade exploration targets identified within the permitted boundary
Complete trade-off analysis for pressure oxidation and a roasting process
Complete in-fill RC drilling for potential re-start of a heap leach operation
Advance activities for future development
The Company has received guidance from the independent engineering firms preparing its Preliminary Economic Assessment (PEA) technical report that additional time is required to complete the report, which had been targeted for completion by the end of the first quarter of 2026.
The revised timeline reflects the Company’s recent, substantial increase in mineral resources at Hycroft and has prompted additional engineering work to ensure that the development and mine plan fully capture the enhanced scale of the project. This is a growth-driven adjustment, not a technical or operational issue.
Engineering teams and independent consultants are currently incorporating:
Recent mine plan based on the new resource which contains in excess of one billion mineral resource tonnes
Infrastructure re-design specifically related to the tailing storage facility
Revised production profiles reflecting the longer mine life
“The scale of the resource increase has materially strengthened the foundation of a multi-decade project in a Tier 1 jurisdiction”, said Diane Garrett, President and CEO. “We look forward to the culmination of more than two years of meticulous engineering work. We will provide further updates as the study approaches completion.”
The Company’s Annual Report on Form 10-K for the period ended December 31, 2025, was filed March 3, 2026, and is available at www.sec.gov/edgar. See “Cautionary Note Regarding Forward-Looking Statements” below.
About #Hycroft Mining Holding Corporation
Hycroft Mining Holding Corporation is a US-based gold and silver company exploring and developing Hycroft Mine, among the world’s largest precious metals deposits, located in northern Nevada, a Tier-1 mining jurisdiction.
After a long history of oxide heap leach operations, the Company is focused on completing technical studies to transition the Hycroft Mine into a milling operation for processing the sulfide mineralization.
In addition, the Company is engaged in a robust exploration drill program to unlock the full potential of our expansive +64,000-acre land package, of which less than 10% has been explored.
In 2023, Hycroft announced the discovery of two new high-grade silver systems within the known resource area and an expanded 2025-2026 drill program is designed to expand these two systems in addition to targeting new opportunities.
These discoveries represent a significant value driver for the Hycroft Mine.
For further information, please contact: E: info@hycroftmining.com www.hycroftmining.com
