Hycroft Mining (HYMC) unveils ultra high-grade Vortex hits and $189M cash

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Hycroft Mining Holding Corporation reported new high-grade drill results from its 2025–2026 Exploration Drill Program at the Vortex zone of the Hycroft Mine in Nevada and provided a corporate cash and compensation update.

Key hole H25D-6083 intersected 53.4 meters grading 304.14 g/t silver and 1.33 g/t gold, including 7.0 meters at 1,241.97 g/t silver and 6.59 g/t gold, and a 0.9-meter interval at 2,890.00 g/t silver and 33.70 g/t gold. Management stated these results support the geological model and suggest the Vortex and Brimstone systems are more extensive than previously understood, with both remaining open in all directions and at depth.

The company plans follow-up drilling and is expanding the exploration program with two additional core rigs. Hycroft ended the first quarter of 2026 with approximately $189 million in unrestricted cash and no debt. In the same quarter it recorded about $33.8 million of pre-tax expenses tied to Board-approved compensation actions, with around $19.4 million of cash used for restricted stock unit make-whole awards and a one-time extraordinary bonus recognizing execution of 2025 financings.

Insights

Hycroft reports very high-grade Vortex intercepts and a strong cash balance alongside sizable one-time compensation costs.

Hycroft highlights a standout intercept in hole H25D-6083 at Vortex: 53.4 meters at 304.14 g/t silver and 1.33 g/t gold, including ultra high-grade sub-intervals up to 2,890.00 g/t silver and 33.70 g/t gold. Management describes Vortex and Brimstone as high-grade systems that are larger than initially understood, with both remaining open and additional core rigs planned, indicating an aggressive exploration phase.

Financially, the company ended Q1 2026 with about $189 million of unrestricted cash and no debt, which provides flexibility to fund exploration and technical studies. However, it also recognized approximately $33.8 million of pre-tax expenses and used roughly $19.4 million of cash for Board-approved compensation actions, including restricted stock unit make-whole awards and a one-time extraordinary bonus tied to 2025 financings.

The net impact of these developments will depend on how future drilling results, resource updates and technical studies translate into a mine plan and project economics, and how recurring cash costs compare with this quarter’s one-time compensation charges in subsequent financial disclosures.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

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

Item 9.01 Financial Statements and Exhibits Exhibits

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

Key Figures

Unrestricted cash: $189 million Pre-tax compensation expenses: $33.8 million Cash used for compensation actions: $19.4 million +5 more

8 metrics

Unrestricted cash $189 million Approximate balance at end of Q1 2026, debt free

Pre-tax compensation expenses $33.8 million Recorded in Q1 2026 for Board-approved compensation actions

Cash used for compensation actions $19.4 million Cash utilized in Q1 2026 for make-whole RSUs and bonus

Vortex main intercept length 53.4 meters Hole H25D-6083 at Vortex zone

Vortex main intercept grades 304.14 g/t Ag, 1.33 g/t Au Average grades over 53.4 meters in H25D-6083

Highest sub-interval grades 2,890.00 g/t Ag, 33.70 g/t Au 0.9-meter interval in H25D-6083 at Vortex

Gold price assumption for AuEq $3,100/oz Used to calculate gold equivalent (AuEQ) values

Silver price assumption for AgEQ $36.00/oz Used to calculate silver equivalent (AgEQ) values

Key Terms

Exploration Drill Program, Tier-1 mining jurisdiction, gold equivalent (AuEQ), silver equivalent (AgEQ), +2 more

6 terms

Exploration Drill Program financial

"announces additional drill results from the 2025-2026 Exploration Drill Program"

Tier-1 mining jurisdiction financial

"Hycroft Mine, located in Nevada, USA a Tier-1 mining jurisdiction"

gold equivalent (AuEQ) financial

"Note $3,100 gold and $36.00 silver are used for gold equivalent (AuEQ)"

silver equivalent (AgEQ) financial

"Note $3,100 gold and $36.00 silver are used for gold equivalent (AuEQ) and silver equivalent (AgEQ)"

restricted stock unit financial

"restricted stock unit make-whole awards with certain related cash payments"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

forward-looking statements regulatory

"This press release contains “forward-looking statements” within the meaning of Section 27A"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Understanding 8-K Material Events →

04/02/2026 - 08:00 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): April 2, 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.

On April 2, 2026, Hycroft Mining Holding Corporation (the “Company”) issued a press release announcing additional drill results from its 2025-2026 Exploration Drill Program and corporate updates.

A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

Corporate Presentation

On April 2, 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. The information included in this Item 7.01, including Exhibits 99.1 and 99.2, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The information set forth under this Item 7.01 shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit
Number		Description
99.1		Press Release dated April 2, 2026
99.2		Corporate Presentation posted April 2, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

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 thereunto duly authorized.

Date: April 2, 2026	Hycroft Mining Holding Corporation

	By:	/s/ Rebecca A. Jennings
		Rebecca A. Jennings
		Senior Vice President and General Counsel

Exhibit 99.1

Hycroft Intersects 33.70 g/t Gold and 2,890 g/t Silver at Vortex

New structural intersection identified at Vortex

Vortex expands with new targets at depth and along strike

WINNEMUCCA, NV, April 2, 2026 – Hycroft Mining Holding Corporation (Nasdaq: HYMC) (“Hycroft” or “the Company”) announces additional drill results from the 2025-2026 Exploration Drill Program (the “Exploration Program”) at the Hycroft Mine, located in Nevada, USA a Tier-1 mining jurisdiction. See Appendix for Table 1 - Full drill results and Figure 1 - High-grade silver within the mineralized breccia zone.

Vortex Drill Highlights:

●	H25D-6083:	53.4 meters at 304.14 g/t Ag and 1.33 g/t Au (4.86 g/t AuEq)

		Including:

		●	7.0 meters at 1,241.97 g/t Ag and 6.59 g/t Au (21.01 g/t AuEq)
		Also Including:

		●	0.9 meters at 2,890.00 g/t Ag and 33.70 g/t Au (67.26 g/t AuEq)

Diane Garrett, President and CEO commented: “These exceptional drill results represent a pivotal stage in the advancement of our project, where two years of disciplined analysis and exploration are delivering clear, high-impact success. They not only confirm the strength and continuity of the mineralization we’ve long believed in, but the consistency and scale of the mineralization we are seeing strongly support our geological and structural model. Results from both Vortex and Brimstone highlight two high-grade mineralized systems that are far more extensive than initially understood, with the true scope of each discovery beginning to emerge. More importantly, these results represent only a small portion of the system’s potential as both Vortex and Brimstone remain open in all directions and at depth. This is just the beginning of what we believe will be a much larger and highly compelling discovery story.”

Alex Davidson, Vice President, Exploration commented: “Our team is extremely pleased with these additional results from Vortex and our understanding of Hycroft’s emerging discoveries at both Vortex and Brimstone. Hole H25D-6083 was designed to test the structural intersection of the Break and Albert Faults. After two years of methodical logging of core which resulted in an update to the structural model controlling the mineralization at both Vortex and Brimstone, we have defined fluid pathways that are being targeted in our drilling program.”

The intercepts in H25D-6083 are very exciting as they represent significant silver grades occurring alongside extremely high gold grades. These results open new prospective ground at depth and along strike. H25D-6083 did not reach the full extent of the target depth due to complications when the hole encountered a previously unknown structure. Follow-up drilling in this area and others has been planned as Hycroft executes an expansion of its exploration drill program at both Vortex and Brimstone with two additional core rigs arriving in the coming months.

Corporate Update

The Company ended the first quarter of 2026 with approximately $189 million in unrestricted cash and remains debt free. During the first quarter of 2026, the Company recorded pre-tax expenses of approximately $33.8 million related to compensation actions approved by the Board of Directors on January 27, 2026, including (i) restricted stock unit make-whole awards with certain related cash payments, intended solely to compensate certain plan participants for the reductions to their cumulative target long-term incentive opportunities for 2023–2025, and (ii) a one-time extraordinary bonus awarded to the Company’s named executive officers and certain other employees to recognize the leadership team’s execution of transformational financings completed during 2025. The cash utilized for these actions was approximately $19.4 million.

About Hycroft Mining Holding Corporation

Hycroft Mining Holding Corporation is a US-based gold and silver company exploring and developing the Hycroft Mine, among the world’s largest precious metals deposits, located in northern Nevada, a Tier-1 mining jurisdiction. In 2023, Hycroft announced the discovery of two new high-grade silver systems within the known resource area and the Company is engaged in a robust exploration drill program (2025-2026 drill program) designed to expand these two systems in addition to targeting new opportunities. These discoveries represent a significant value driver for the Hycroft Mine. In addition, 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 mineralization.

For further information, please contact:

E: info@hycroftmining.com

Investor Relations Phone: 775-245-0564

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, 2025, 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

Table 1 – Full Drill Results

	FROM		TO		INTERVAL		GRADE
Hole ID	(meters)		(meters)		(meters)		Ag (g/t)		Au (g/t)		AgEQ (g/t)		AuEQ (g/t)
Vortex
H25D-6083		24.99		73.24		48.25		4.21		0.50		47.00		0.55
		421.23		474.60		53.37		304.14		1.33		418.77		4.86
Including		458.78		465.83		7.04		1,241.97		6.59		1,809.42		21.01
Also Including		462.50		463.39		0.88		2,890.00		33.70		5,791.94		67.26

Note: $3,100 gold and $36.00 silver are used for gold equivalent (AuEQ) and silver equivalent (AgEQ) numbers

Figure 1- High-grade silver within the mineralized breccia zone

Exhibit 99.2

Source: View Original Filing on SEC EDGAR

FAQ

What drilling results did Hycroft Mining (HYMC) report at the Vortex zone?

Hycroft reported a key intercept in hole H25D-6083 of 53.4 meters grading 304.14 g/t silver and 1.33 g/t gold. This includes 7.0 meters at 1,241.97 g/t silver and 6.59 g/t gold, plus 0.9 meters at 2,890.00 g/t silver and 33.70 g/t gold.

How much cash does Hycroft Mining (HYMC) have and does it carry debt?

Hycroft ended the first quarter of 2026 with approximately $189 million in unrestricted cash and reported that it remains debt free. This liquidity supports its 2025–2026 exploration drill program and ongoing technical studies for transitioning the Hycroft Mine to a milling operation.

What one-time compensation expenses did Hycroft Mining (HYMC) record in Q1 2026?

During the first quarter of 2026, Hycroft recorded about $33.8 million in pre-tax compensation expenses. These related to restricted stock unit make-whole awards with certain related cash payments and a one-time extraordinary bonus for named executive officers and other employees tied to 2025 transformational financings.

How much cash did Hycroft Mining (HYMC) use for its Q1 2026 compensation actions?

The company used approximately $19.4 million of cash for the compensation actions approved by the Board of Directors. This covered make-whole restricted stock unit arrangements and a one-time extraordinary bonus program recognizing leadership execution of significant financings completed during 2025.

What is Hycroft Mining’s (HYMC) current exploration focus at the Hycroft Mine?

Hycroft is running a 2025–2026 Exploration Drill Program targeting high-grade silver and gold systems at Vortex and Brimstone within the existing resource area. Recent results suggest both systems are more extensive, and the company is expanding drilling with two additional core rigs planned.

What are Hycroft Mining’s (HYMC) long-term plans for processing at the Hycroft Mine?

After a long history of oxide heap leach operations, Hycroft is focused on completing technical studies to transition the Hycroft Mine to a milling operation. The goal is to process sulfide mineralization, which underpins the recently discovered high-grade silver and gold systems.

Filing Exhibits & Attachments

48 documents

Hycroft Mining (HYMC) unveils ultra high-grade Vortex hits and $189M cash

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