05:58 PM EDT, 09/02/2025 (MT Newswires) -- Hycroft Mining ( HYMC ) said late Tuesday it plans a non-brokered private placement of over 14 million units priced at-the-market at $4.2805 per unit for proceeds of $60 million.

Each unit comprises one common share and one-half of one stock purchase warrant, exercisable at $6 apiece to buy one common share, according to a statement.

Proceeds will be used to advance the company's mine and for general corporate purposes. The placement is expected to be completed by Sept. 10, subject to closing conditions, the company said.

The placement is being primarily subscribed to by Eric Sprott via a company he beneficially owns and by Tribeca Global Natural Resources. Upon closing, Sprott's ownership position in Hycroft increases to around 33% from 21% while Tribeca will own around 8%, according to a company statement.