WINNEMUCCA, Nev., April 25,
2024 /PRNewswire/ -- Hycroft Mining Holding
Corporation (Nasdaq: HYMC) ("Hycroft" or "the
Company") is pleased to announce that Hycroft will be added to
the Solactive Global Silver Miners Total Returns Index (the "Silver
Index"), effective May 1, 2024.
Diane R. Garrett, President and
CEO of Hycroft, commented: "We are incredibly pleased with
Hycroft's inclusion on the Solactive Global Silver Miners Total
Returns Index as it is an important achievement and comes at a time
of strong tailwinds in the price of commodities."
As noted in Solactive's Global Silver Miners Total Returns Index
Guideline, companies included on the Silver Index must have
"significant business operations in silver mining" with either
"significant revenues generated or expected to be generated in the
future either from silver mining or closely related activities
(i.e.exploration and refining of silver) and a free float market
capitalization of at least US$60
million". The index is comprised of up to 40 companies that
meet the criteria specified in the guidelines and includes
international companies active in exploration, mining and/or
refining of silver from across the industry and varied geographic
locations. Inclusion in this Silver Index reflects the Company's
growth and accomplishments and provides Hycroft's investors
enhanced liquidity, and trading flexibility by giving the Company a
higher profile within the investment community.
As previously reported, Hycroft initiated the largest
exploration program at the Hycroft Mine in over a decade, which
culminated in the best hole ever drilled in the history of Hycroft
resulting in a very high-grade underground silver discovery. For
more information please visit our website at
www.hycroftmining.com.
For more information on the requirements for inclusion in the
Silver Index, please
visit https://solactive.com/downloads/Guideline-Solactive-SOLGLOSI.pdf.
About Hycroft Mining Holding
Corporation
Hycroft Mining Holding Corporation is a
US-based gold and silver company exploring and developing the
Hycroft Mine, one of the world's largest precious metals deposits
located in northern Nevada, a
Tier-1 mining jurisdiction. After a long history of oxide heap
leaching operations, the Company is focused on completing the
technical studies to transition the Hycroft Mine into a large-scale
milling operation for processing the sulfide ore. In addition, the
Company is engaged in a robust exploration drill program to unlock
the full potential of our expansive +64,000-acre land package, of
which less than 10% has been explored. In 2023, Hycroft announced
the discovery of a new high-grade silver system within the known
resource area and the delineation of two new high-grade silver
trends. These discoveries represent a significant new value driver
for the Hycroft Mine that the Company is following up on with
additional drilling in 2024.
www.hycroftmining.com
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the
meaning of Section 27A of the United States Securities Act of 1933,
as amended, Section 21E of the United States Securities Exchange
Act of 1934, as amended, or the United States Private Securities
Litigation Reform Act of 1995. All statements, other than
statements of historical facts, included herein and public
statements by our officers or representatives, that address
activities, events or developments that our management expects or
anticipates will or may occur in the future, are forward-looking
statements, including but not limited to such things as future
business strategy, plans and goals, competitive strengths and
expansion and growth of our business. The words "estimate", "plan",
"anticipate", "expect", "intend", "believe" "target", "budget",
"may", "can", "will", "would", "could", "should", "seeks", or
"scheduled to" and similar words or expressions, or negatives of
these terms or other variations of these terms or comparable
language or any discussion of strategy or intention identify
forward-looking statements. Forward-looking statements address
activities, events, or developments that the Company expects or
anticipates will or may occur in the future and are based on
current expectations and assumptions. Forward-looking
statements include, but are not limited to (i) risks related to
changes in our operations at the Hycroft Mine, including risks
associated with the cessation of mining operations at the Hycroft
Mine; uncertainties concerning estimates of mineral resources;
risks related to a lack of a completed feasibility study; and risks
related to our ability to re-establish commercially feasible mining
operations; (ii) industry related risks including fluctuations in
the price of gold and silver; the commercial success of, and risks
related to, our exploration and development activities;
uncertainties and risks related to our reliance on contractors and
consultants; availability and cost of equipment, supplies, energy,
or reagents. The exploration target does not represent, and
should not be construed to be, an estimate of a mineral resource or
mineral reserve, as ranges of potential tonnage and grade (or
quality) of the exploration target are conceptual in nature; there
has been insufficient exploration of the relevant property or
properties to estimate a mineral resource; and it is uncertain if
further exploration will result in the estimation of a mineral
resource. These risks may include the following, and the
occurrence of one or more of the events or circumstances alone or
in combination with other events or circumstances may have a
material adverse effect on the Company's business, cash flows,
financial condition, and results of operations. Please see our
"Risk Factors" outlined in our Annual Report on Form 10-K for the
year ended December 31, 2023, and
other reports filed with the SEC for more information about these
and other risks. You are cautioned against attributing undue
certainty to forward-looking statements. Although we have attempted
to identify important factors that could cause actual results to
differ materially from those described in forward-looking
statements, there may be other factors that cause results not to be
as anticipated, estimated or intended. Although these
forward-looking statements were based on assumptions that the
Company believes are reasonable when made, you are cautioned that
forward-looking statements are not guarantees of future performance
and that actual results, performance, or achievements may differ
materially from those made in or suggested by the forward-looking
statements in this news release. In addition, even if our results,
performance, or achievements are consistent with the
forward-looking statements contained in this news release, those
results, performance or achievements may not be indicative of
results, performance or achievements in subsequent periods. Given
these risks and uncertainties, you are cautioned not to place undue
reliance on these forward-looking statements. Any forward-looking
statements made in this news release speak only as of the date of
those statements. We undertake no obligation to update those
statements or publicly announce the results of any revisions to any
of those statements to reflect future events or
developments.
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SOURCE Hycroft Mining Holding Corporation