Hycroft Mining Holding Corporation Issues Correction and Updates on Technical Studies

Key Points from the Latest Hycroft Mining Release

• Correction to Engineering Attribution: Hycroft Mining Holding Corporation has issued a correction to its earlier press release dated April 21, 2026. The company clarified that WSP Global Inc. (“WSP”), not WestLand Engineering & Environmental Services, Inc., completed the engineering work for the additional lifts on the tailings storage facility. WestLand Engineering conducted the environmental studies, not the engineering work.
• Progress Toward Technical Report Completion: With the engineering and environmental work now completed, Ausenco Engineering South USA, Inc. (“Ausenco”) is set to finalize the Initial Assessment Technical Report, which will include economic analyses. The company anticipates completion of this report during Q2 2026.
• Exploration and Resource Expansion: Hycroft is actively engaged in a robust exploration drilling program spanning 2025-2026, targeting expansion of two newly discovered high-grade silver systems and identifying new opportunities within the known resource area. These discoveries are highlighted as significant value drivers for the Hycroft Mine.
• Transition to Milling Operation: After a lengthy history of oxide heap leach operations, Hycroft is focusing on technical studies to transition the Hycroft Mine into a milling operation for processing sulfide mineralization, reflecting a strategic shift which could materially affect operational economics and future production profiles.

Potentially Price-Sensitive Information for Shareholders

• Correction of Engineering Attribution: This correction clarifies the company’s progress on key infrastructure and compliance steps, which is critical for advancing the mine’s development and could affect investor perceptions of project management and execution.
• Imminent Completion of Economic Assessment: The expected completion of the Initial Assessment Technical Report in Q2 2026 will provide investors with crucial economic data about the mine’s future viability, potential profitability, and resource expansion. Such reports often have a direct impact on share price.
• Exploration Results and Resource Expansion: The discovery and expansion of high-grade silver systems within the Hycroft Mine could significantly enhance the asset value and future revenue potential, making it a major catalyst for share price movements.
• Strategic Shift to Milling Operations: Transitioning to a milling operation for sulfide ore processing signals a move toward unlocking additional value from the deposit, possibly increasing recovery rates and profitability. This is a substantial operational and financial change that could be viewed positively by the market.

Risks and Forward-Looking Statements

• Statements regarding future business strategy, plans and goals, advancement and development of the Hycroft Mine, results of metallurgical analysis, and expansion activities are forward-looking and subject to significant risks.
• Risks include operational changes, uncertainties in mineral resource estimates, lack of a completed feasibility study, risks related to metallurgical test work, and the ability to re-establish commercially feasible mining operations.
• Industry risks such as gold and silver price fluctuations, reliance on contractors and consultants, and the availability and cost of equipment, supplies, energy, or reagents could materially affect results.
• Exploration targets are conceptual in nature and do not represent estimates of mineral resources or reserves; further exploration is required to determine their viability.
• Investors should consult the company’s Annual Report on Form 10-K and other SEC filings for a comprehensive discussion of risks.

Contact Information

For further information, investors can contact Hycroft Mining Holding Corporation:
Email: [email protected]
Investor Relations Phone: 775-245-0564
Website: www.hycroftmining.com

Disclaimer

This article contains forward-looking statements based on current expectations and assumptions that may differ materially from actual results due to various risks and uncertainties. Investors should not place undue reliance on these statements. The information provided is for informational purposes only and does not constitute investment advice. Please review official filings and consult with a financial advisor before making investment decisions.

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