Sprott entities boost Hycroft Mining stake
Hycroft Mining Holding Corp. insider group reports major warrant exercise and share purchase.
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A common stock | 200,000 | $33.21 | $6.64M |
| Exercise | Warrants | 4,672,352 | $0.00 | $0.00 |
| Exercise | Class A common stock | 4,672,352 | $6.00 | $28.03M |
Footnotes (1)
- F1. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.