Hycroft Mining (HYMC) stake rises on Sprott share moves via warrant deal

Rhea-AI Filing Summary

Hycroft Mining Holding Corp. insider group reports major warrant exercise and share purchase. Entities associated with Eric Sprott, including 2176423 Ontario Ltd. and its wholly owned subsidiary Sprott Mining Inc., exercised 4,672,352 Hycroft Class A common stock warrants at $6.00 per share on January 13, 2026, receiving the same number of Class A shares.

On January 14, 2026, Sprott Mining Inc. also purchased 200,000 Class A common shares at $33.21 per share. Following these transactions, the group reports 36,453,704 Class A common shares beneficially owned indirectly and 6,855,824 warrants beneficially owned indirectly. The reporting persons are treated as a group and are 10% owners of Hycroft Mining.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sprott Eric

(Last) (First) (Middle)

7 KING STREET EAST SUITE 1106

(Street)

TORONTO A6 M5C 3C5

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HYCROFT MINING HOLDING CORP [ HYMC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A common stock	01/13/2026		M		4,672,352	A	$6	36,253,704	I	By 2176423 Ontario Ltd.(1)
Class A common stock	01/14/2026		P		200,000	A	$33.21	36,453,704	I	By Sprott Mining Inc.(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants	$6	01/13/2026		M			4,672,352	09/10/2025	09/19/2027	Class A Common Stock	4,672,352	$0	6,855,824	I	By 2176423 Ontario Ltd. and Sprott Mining Inc.(1)

1. Name and Address of Reporting Person^*

Sprott Eric

(Last) (First) (Middle)

7 KING STREET EAST SUITE 1106

(Street)

TORONTO A6 M5C 3C5

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

2176423 Ontario Ltd.

(Last) (First) (Middle)

7 KING STREET EAST SUITE 1106

(Street)

TORONTO A6 M5C 3C5

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. These securities are owned directly by Sprott Mining Inc. ("Sprott Mining"), a wholly-owned subsidiary of 2176423 Ontario Ltd. Eric Sprott controls 2176423 Ontario Ltd. and has the power to direct the voting and disposition of Class A common stock held by Sprott Mining through his ownership interests in 2176423 Ontario Ltd. All of the Reporting Persons are a "group" for purposes of Section 13(d) of the Exchange Act.

	/s/ Eric Sprott	01/15/2026
	/s/ Eric Sprott	01/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did HYMC report for Eric Sprotts affiliated entities?

Affiliated entities exercised 4,672,352 Hycroft Class A warrants at $6.00 on January 13, 2026 and Sprott Mining Inc. bought 200,000 Class A shares at $33.21 on January 14, 2026.

How many Hycroft Mining (HYMC) shares does the Sprott group beneficially own after these trades?

After the reported transactions, the group reports beneficial ownership of 36,453,704 Hycroft Class A common shares held indirectly through affiliated entities.

How many HYMC warrants remain held by the Sprott-related entities?

Following the warrant exercise, the reporting group indicates beneficial ownership of 6,855,824 warrants to acquire Hycroft Class A common stock.

Who actually holds the HYMC shares reported in this Form 4?

The shares are held indirectly by Sprott Mining Inc., a wholly owned subsidiary of 2176423 Ontario Ltd., which is controlled by Eric Sprott.

What is the relationship of the Sprott reporting persons to Hycroft Mining (HYMC)?

The reporting persons are identified as a group under Section 13(d) of the Exchange Act and are reported as 10% owners of Hycroft Mining Holding Corp.

What do the transaction codes M and P mean in the HYMC Form 4?

The Form 4 shows code M for the warrant exercise into Class A common stock and code P for the open-market purchase of 200,000 Class A shares.