Hycroft Mining (HYMC) posts 55% jump in gold and silver resources

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Hycroft Mining Holding Corporation reported a new Technical Report Summary and updated Mineral Resource estimate for its Hycroft Mine, showing about 55% growth in measured and indicated gold and silver resources. The updated estimate totals 16.4 million ounces of gold and 562.6 million ounces of silver in measured and indicated categories.

The company also outlined a new high-grade underground silver resource of 90.2 million ounces and reported metallurgical test work indicating robust recoveries of 83% for gold and 78% for silver using milling and pressure oxidation. Hycroft is additionally evaluating a roasting alternative that could generate by-product sulfuric acid revenue while it advances the project toward potential commercial operation.

Positive

Substantial resource growth: Updated measured and indicated mineral resources increased by about 55% for both gold and silver, to 16.4 million ounces of gold and 562.6 million ounces of silver, materially expanding the Hycroft Mine’s reported scale.
Strong metallurgical recoveries: Test work for a milling and pressure oxidation flowsheet demonstrates robust recoveries of 83% for gold and 78% for silver, supporting the technical basis for potential sulfide ore processing.

Negative

None.

Insights

Large resource upgrade and strong metallurgy materially enhance project scale.

Hycroft Mining now cites a roughly 55% increase in measured and indicated gold and silver resources, to 16.4 million gold ounces and 562.6 million silver ounces. This significantly enlarges the underlying resource base at the Hycroft Mine.

Metallurgical test work shows reported recoveries of 83% for gold and 78% for silver using milling and pressure oxidation. The company is also studying a roasting flow sheet that could produce sulfuric acid as a by-product, potentially offsetting neutralization costs in the POX route.

The updated Technical Report Summary, effective January 21, 2026, and the expanded resource model provide the technical foundation for future mine planning studies. Subsequent company disclosures may detail capital needs, operating costs, and economics based on these larger resources and alternative process routes.

8-K Event Classification

3 items: 7.01, 8.01, 9.01

3 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

02/18/2026 - 06:49 AM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 17, 2026

HYCROFT MINING HOLDING CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	001-38387	82-2657796
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

P.O. Box 3030

Winnemucca, Nevada

89446

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code (775) 304-0260

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A common stock, par value $0.0001 per share		HYMC		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

News Release Announcing Initial Assessment and Technical Report Summary

On February 18, 2026, Hycroft Mining Holding Corporation (the “Company”) issued a news release announcing the completion of its Hycroft Mine Initial Assessment and Technical Report Summary (the “TRS”), which has been prepared in accordance with the requirements of subpart 1300 of Regulation S-K. A copy of the news release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The TRS supersedes and replaces the Hycroft Property Initial Assessment Technical Report Summary Humboldt and Pershing Counties, Nevada, with an effective date of March 27, 2023.

Corporate Presentation

On February 18, 2026, the Company furnished its updated corporate presentation to its website at www.hycroftmining.com. A copy of the updated corporate presentation is attached hereto as Exhibit 99.2 to this Current Report on Form 8-K.

In accordance with General Instruction B.2 of Form 8-K, the information set forth in (i) this Item 7.01, (ii) the news release and (iii) the updated corporate presentation is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 8.01 Other Events.

On February 18, 2026, the Company announced that it had completed the TRS, effective January 21, 2026, which has been prepared in accordance with the requirements of subpart 1300 of Regulation S-K. The TRS was completed by Ausenco Engineering USA South Inc., Independent Mining Consultants, Inc. and WestLand Engineering & Environmental Services, Inc., each a “Qualified Person” as such term is defined in subpart 1300 of Regulation S-K. A copy of the TRS is attached hereto as Exhibit 96.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

Exhibit Number		Description
23.1		Consent of Ausenco Engineering USA South Inc.
23.2		Consent of Independent Mining Consultants, Inc.
23.3		Consent of WestLand Engineering & Environmental Services, Inc.
96.1		Initial Assessment and Technical Report Summary on the Hycroft Mine
99.1		News Release dated February 18, 2026*
99.2		Corporate Presentation posted February 18, 2026*
104		Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

* Furnished pursuant to Regulation FD.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	HYCROFT MINING HOLDING CORPORATION

Date: February 18, 2026	By:	/s/ Rebecca A. Jennings
		Rebecca A. Jennings
		Senior Vice President and General Counsel

Exhibit 99.1

Hycroft Delivers 55% Growth in Mineral Resources

16.4 million gold ounces / 562.6 million silver ounces (M+I)`

Initial High-Grade Silver Resource: 90.2 million silver ounces (M+I)

Metallurgy Demonstrates Robust Recoveries (83% gold, 78% silver)

WINNEMUCCA, NV, February 18, 2026 – Hycroft Mining Holding Corporation (Nasdaq: HYMC) (“Hycroft” or “the Company”) is pleased to announce that it has filed a third-party, independent Technical Report updating its Mineral Resource estimate (“MRE”) with an effective date as of January 21, 2026. Diane R. Garrett, President and Chief Executive Officer, commented: “Today’s updated MRE reflects approximately 55% growth in both gold and silver Measured and Indicated Mineral Resources, and increases in Inferred Mineral Resources of 50% for gold and 38% for silver representing an impressive resource growth in what is already among the world’s largest precious metals deposits.”

Commodity prices used in the MRE are $3100/oz gold and $36/oz silver

Ms. Garrett continued, “Importantly, following only approximately 14 months of drilling since the discovery of two new high-grade silver systems, a high-grade mineral resource with underground potential has been established demonstrating the continuity of both the Brimstone and Vortex high-grade systems which remain open along strike and at depth.”¹

The growth in overall mineral resources and the establishment of the high-grade mineral resource with underground potential reflect a combination of improved metallurgical performance, results from 70 drill holes, geologic modeling based on new interpretations, and commodity price assumptions. The MRE is based on a flowsheet utilizing milling and pressure oxidation (“POX”) for sulfide and certain transition mineralization and heap leaching process for oxide and other transition mineralization.

Alex Davidson, Vice-President, Exploration commented: “Over the past three years we have advanced a comprehensive, integrated technical program of analyzing historical drilling, detailed field mapping, geochemical analysis on drill samples, soils, and rock chips, as well as induced polarization geophysics. This work, along with recognizing that there have been multiple mineralizing events at Hycroft, has enabled us to reinterpret the data and view the project through a new lens substantially elevating our understanding of the project geology and its potential. We now recognize there have been at least three distinct mineralizing events at Brimstone and at least two mineralizing events at Vortex – each representing a new pulse of metal introduced into the system.”

POX and Roasting Trade-Off Studies

The Company is also extremely pleased with the results of the metallurgical test work for POX demonstrating higher gold recoveries and confirming silver recoveries. The robust POX metallurgical results represent another significant milestone in the advancement of the Hycroft Mine and a critically important step in defining the project as we move into the next phase toward commercial operation.

*From Table 11-18 in the MRE

The Company is continuing to evaluate a roasting process alternative, which could potentially provide a third revenue stream through the by-product production and sale of sulfuric acid needed in the lithium, copper, and fertilizer industries. Producing and selling sulfuric acid could essentially convert a significant neutralization cost in the POX process into a by-product revenue from the roasting process. Initial desktop analysis indicates operating costs and capital costs could be comparable to a POX process. The Company’s ongoing roasting test work is focused on optimizing operating parameters, including temperature and retention times, in addition to project design and equipment selection.

¹ Additional information regarding the updated Mineral Resource Estimate (“MRE”) is included in the Company’s Technical Report Summary filed with the U.S. Securities and Exchange Commission and available on EDGAR at www.sec.gov. Additional information is also available in the Company’s corporate presentation at www.hycroftmining.com. Unless otherwise indicated, all figures are presented in metric units and U.S. dollars. The MRE incorporates drilling. results received through March 17, 2025. No drill results from the Company’s 2025–2026 Drill Program are included in the MRE.

Technical Report Summary

The Technical Report was prepared in accordance with the reporting requirements of the United States (“US”) Securities and Exchange Commission’s (“SEC”) Modernization of Property Disclosures of Mining Registrants under subpart 1300 and item 601 (96)(B)(iii) of Regulation S-K for an initial assessment (“IA”). A summary table of the mineral resource estimates can be found in the Appendix of this news release. The MRE supersedes Hycroft’s Initial Assessment (“IA”) filed on March 27, 2023.

Qualified Persons

This MRE has been prepared by Ausenco Engineering USA South Inc. (“Ausenco”), Independent Mining Consultants, Inc. (“IMC”), and WestLand Engineering & Environmental Services, Inc. (“Westland”) for Hycroft Mining Holding Corporation (“Hycroft”).

About Hycroft Mining Holding Corporation

Hycroft Mining Holding Corporation is a US-based gold and silver company exploring and developing Hycroft Mine, among the world’s largest precious metals deposits, located in northern Nevada, a Tier-1 mining jurisdiction. After a long history of oxide heap leach operations, the Company is focused on completing technical studies to transition the Hycroft Mine into a 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 two new high-grade silver systems within the known resource area and an expanded 2025-2026 drill program is designed to expand these two systems in addition to targeting new opportunities. These discoveries represent a significant value driver for the Hycroft Mine.

For further information, please contact:

E: info@hycroftmining.com

www.hycroftmining.com

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included in this press release and in public statements by our officers or representatives that address activities, events or developments that we expect or anticipate will or may occur in the future are forward-looking statements. These include, but are not limited to, statements regarding future business strategy, plans and goals, competitive strengths, the advancement and development of the Hycroft Mine, the results and implications of metallurgical analysis and test work, and the expansion and growth of our business.

Forward-looking statements are often identified by future or conditional words such as “estimate,” “plan,” “anticipate,” “expect,” “intend,” “believe,” “target,” “budget,” “may,” “can,” “will,” “would,” “could,” “should,” “seeks,” “scheduled to” and similar words or expressions but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those reflected in the statements. The risks 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 the lack of a completed feasibility study; risks related to metallurgical test work and process development; and risks related to our ability to re-establish commercially feasible mining and processing operations; and (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; and the availability and cost of equipment, supplies, energy or reagents.

Any exploration target described in this press release does not represent, and should not be construed to be, an estimate of a mineral resource or mineral reserve. Ranges of potential tonnage and grade (or quality) of an 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 and other risks may cause actual results to differ materially from those expressed or implied by the forward-looking statements, and the occurrence of one or more of these events or circumstances, alone or in combination with others, may have a material adverse effect on our business, cash flows, financial condition and results of operations. Please see the “Risk Factors” outlined in our Annual Report on Form 10-K for the year ended December 31, 2024, and in other reports filed with the SEC, for more information about these and other risks.

Given these risks and uncertainties, you are cautioned not to place undue reliance on these 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 are based on assumptions that we believe are reasonable when made, forward-looking statements are not guarantees of future performance and actual results, performance or achievements may differ materially from those made in or suggested by the forward-looking statements in this press release.

Any forward-looking statements made in this press release speak only as of the date of this press release. We undertake no obligation to update these forward-looking statements or to publicly announce the results of any revisions to any of those statements to reflect future events or developments, except as required by law.

APPENDIX

Hycroft Mineral Resources as of January 21, 2026, Metric Units at $3,100/ oz Au and $36/ oz Ag

Notes:

	1.	Mineral resources based on metal prices of $3,100/ oz Au and $36.00/ oz Ag
	2.	Cutoffs are Income - Refining Cost = NSR
	3.	Gold Equivalent for Heap Leach = Cyanide Gold + 0.0019 x Total Silver Assay
	4.	Gold Equivalent for Mill + Pressure Oxidation = Fire Gold + 0.0107 x Total Silver Assay
	5.	Numbers may not match exactly due to rounding
	6.	Mineral resources are contained within a computer-generated optimized pit
	7.	Total material in that pit is 4.92 billion tonnes
	8.	All units on this table are metric: Ktonnes means 1,000 tonnes. Au and Ag grades are in grams per tonne (g/t)
	9.	Mineral resources are not mineral reserves, and detailed economic considerations have not been applied
	10.	Modifying factors for mine and process design have not been applied

Exhibit 99.2

Source: View Original Filing on SEC EDGAR

FAQ

What did Hycroft Mining (HYMC) announce regarding its Hycroft Mine resources?

Hycroft Mining announced a new Technical Report Summary and Mineral Resource estimate showing about 55% growth in measured and indicated gold and silver resources, significantly increasing the reported size of the Hycroft Mine deposit and updating prior technical disclosures.

How large are Hycroft Mining’s updated gold and silver resources as of January 21, 2026?

The updated estimate reports 16.4 million ounces of gold and 562.6 million ounces of silver in measured and indicated categories. These figures reflect approximately 55% growth versus the prior assessment, according to the company’s news release discussing the new Technical Report Summary.

What metallurgical recoveries did Hycroft Mining report for the Hycroft Mine?

Hycroft reported metallurgical test work indicating 83% gold recovery and 78% silver recovery using a milling and pressure oxidation flowsheet. These recoveries support the company’s plan to transition from historical oxide heap leaching to sulfide ore processing at the Hycroft Mine.

What is the significance of Hycroft’s new high-grade silver resource at Brimstone and Vortex?

The company highlighted an initial high-grade underground silver resource of 90.2 million ounces (measured and indicated). It states this reflects continuity of the Brimstone and Vortex high-grade systems, which remain open along strike and at depth, indicating additional exploration potential.

Is Hycroft Mining evaluating alternative processing options besides pressure oxidation?

Yes. Hycroft is evaluating a roasting process alternative that could produce sulfuric acid as a by-product. The company notes this acid could serve lithium, copper, and fertilizer markets and may turn a POX neutralization cost into a potential revenue stream, subject to further studies.

Which firms prepared Hycroft Mining’s updated Technical Report Summary under SEC subpart 1300?

The Technical Report Summary was prepared by Ausenco Engineering USA South Inc., Independent Mining Consultants, Inc., and WestLand Engineering & Environmental Services, Inc. Hycroft identifies each as a Qualified Person under the SEC’s subpart 1300 mining disclosure framework.

Filing Exhibits & Attachments

111 documents

Hycroft Mining (HYMC) posts 55% jump in gold and silver resources