09:55 AM EDT, 09/11/2025 (MT Newswires) -- Hycroft Mining Holding ( HYMC ) said Thursday that it has completed its private placement of 14 million units at a price of $4.2805 per unit for gross proceeds of $60 million.

Each unit consists of one common share and one-half common share purchase warrant, with each warrant exercisable into one common share at a price of $6 per share for a two-year period, the gold and silver company said.

The company said the net proceeds will be used mainly to fund the advancement of the Hycroft Mine, as well as for working capital and general corporate purposes.

The private placement's lead investor, Eric Sprott, now beneficially owns or controls about 17.5 million shares or 33% of the outstanding shares, as well as about 10.2 million warrants, Hycroft said.

Hycroft shares were down more than 2% in recent trading.

Price: 5.44, Change: -0.36, Percent Change: -6.21