ADDED
As of March 2, 2026, there were 91,036,037 shares of the Company s common stock issued and outstanding.
We are a U.S.-based gold and silver exploration stage issuer that owns the Hycroft Mine in the prolific mining region of Northern Nevada.
Mining operations at the Hycroft Mine were restarted in 2019 on a pre-commercial scale and discontinued in November 2021.
In February 2026, Hycroft, along with its third-party consultants, completed and filed the Hycroft Mine Initial Assessment and Technical Report Summary, Nevada, USA with an effective date of January 21, 2026 (the 2026 Hycroft TRS ) and prepared in accordance with the SEC s Modernization of Property Disclosures for Mining Registrants as set forth in subpart 1300 of Regulation S-K ( Modernization Rules ).
The 2026 Hycroft TRS superseded and replaced the Hycroft Property Initial Assessment Technical Report Summary Humboldt and Pershing Counties, Nevada, prepared in accordance with the requirements of the Modernization Rules, with an effective date of March 27, 2023 ( 2023 Hycroft TRS ), and the mineral resource estimates contained within the 2023 Hycroft TRS should no longer be relied upon.
The 2026 Hycroft TRS provides an update to the mineral resource estimate and includes drilling through the end of 2024 and associated assay results received through March 17, 2025.
The Company will continue to build on the work to date, incorporate exploration data as it becomes available, and investigate opportunities identified through progressing the technical and data analyses leading up to the 2026 Hycroft TRS and subsequent studies and analyses, and we will provide an updated technical report with economics.
We do not expect to generate revenues from gold and silver sales until after developing the Hycroft Mine and recommencing mining and processing operations, which may require additional funding.
- Properties for information regarding the estimated mineral resources at the Hycroft Mine.
Principal Products, Revenues, and Market Overview During the years ended December 31, 2025 and 2024, the Company generated no revenues due to the cessation of active mining operations in November 2021 and processing operations by the end of 2022.
REMOVED
As of March 4, 2025, there were 24,983,358 shares of the Company s common stock issued and outstanding.
We are a U.S.-based gold and silver exploration and development company that owns the Hycroft Mine in the prolific mining region of Northern Nevada.
On May 29, 2020, we consummated a business combination transaction (the Recapitalization Transaction ) that resulted in our wholly owned subsidiary Autar Gold Corporation (formerly known as MUDS Acquisition Sub, Inc.
( Acquisition Sub )) acquiring all of the issued and outstanding equity interests of the direct subsidiaries of Hycroft Mining Corporation ( HMC ) and substantially all of the other assets of HMC and assuming substantially all of HMC s liabilities.
( Sprott Credit Agreement ) and the assumption of the newly issued 10% Senior Secured Notes ( Subordinated Notes ).
Mining operations at the Hycroft Mine were restarted in 2019 on a pre-commercial scale and discontinued in November 2021 as a result of the then-current and expected ongoing cost pressures for many of the reagents and consumables used at the Hycroft Mine and to further determine the most effective processing method for the sulfide ore.
In March 2023, Hycroft, along with its third-party consultants, completed and filed the Hycroft Property Initial Assessment Technical Report Summary Humboldt and Pershing Counties, Nevada with an effective date of March 27, 2023 (the 2023 Hycroft TRS ) and prepared in accordance with the SEC s Modernization of Property Disclosures for Mining Registrants as set forth in subpart 1300 of Regulation S-K ( Modernization Rules ).
The 2023 Hycroft TRS included: (i) additional exploration drilling results from 2021 and 2022; (ii) additional assay information associated with historical drilling that was previously missing; (iii) other updates after additional review of historical assay certificates; and (iv) other adjustments.
The 2023 Hycroft TRS superseded and replaced the Initial Assessment Technical Report Summary for the Hycroft Mine, prepared in accordance with the requirements of the Modernization Rules, with an effective date of February 18, 2022 ( 2022 Hycroft TRS ), and the 2022 Hycroft TRS should no longer be relied upon.
Our ongoing disclosures and many of management s estimates and judgments as of and for the periods ended December 31, 2024 and 2023, are based on the 2023 Hycroft TRS.