07:09 AM EDT, 09/03/2025 (MT Newswires) -- Hycroft Mining Holding ( HYMC ) said Tuesday it has raised $60 million through a private placement of about 14 million units at a price of $4.2805 per unit.

The gold and silver mining company said that each Unit will be comprised of one share of common stock of the company and one-half of one common stock purchase warrant.

The company said that the private placement is being primarily subscribed to by Eric Sprott and approximately 34% of the placement is being subscribed to by Tribeca Global Natural Resources.

Upon closing, Sprott's beneficial ownership position in Hycroft increases from approximately 21% to 33%, and Tribeca will own approximately 8%, it added.

The company said that it intends to use the proceeds of this private placement to fund the advancement of its Hycroft Mine and for working capital and general corporate purposes.

The transaction is expected to close by Sept. 10, it added.