Eric Sprott group boosts Hycroft Mining (HYMC) stake with share buys
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hycroft Mining Holding Corp reported insider buying activity linked to investor Eric Sprott. An affiliated entity, Sprott Mining Inc., made two open-market purchases of Class A common stock totaling 200,000 shares on a single date, at prices of $39.06 and $38.28 per share. Following these transactions, the filing shows indirect ownership of 37,303,704 Class A shares held through Sprott Mining Inc., which is wholly owned by 2176423 Ontario Ltd. controlled by Eric Sprott.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 200,000 shares ($7,734,000)
Net Buy
2 txns
Insider
Sprott Eric, 2176423 Ontario Ltd.
Role
10% Owner | 10% Owner
Bought
200,000 shs ($7.73M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A common stock | 100,000 | $39.06 | $3.91M |
| Purchase | Class A common stock | 100,000 | $38.28 | $3.83M |
Holdings After Transaction:
Class A common stock — 37,203,704 shares (Indirect, By Sprott Mining Inc.)
Footnotes (1)
- [object Object]
Key Figures
Total shares bought: 200,000 shares
First purchase price: $39.06 per share
Second purchase price: $38.28 per share
+2 more
5 metrics
Total shares bought
200,000 shares
Open-market purchases of Class A common stock
First purchase price
$39.06 per share
100,000-share open-market buy
Second purchase price
$38.28 per share
100,000-share open-market buy
Indirect holdings after transactions
37,303,704 shares
Class A common stock held indirectly via Sprott Mining Inc.
Buy transactions count
2 transactions
Both coded as open-market purchases (P)
Key Terms
open-market purchase, ten percent owner, Section 13(d), indirect ownership
4 terms
open-market purchase financial
"transaction_action: "open-market purchase" for both Class A common stock buys"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
ten percent owner regulatory
"reporting persons each flagged as "is_ten_percent_owner": 1"
Section 13(d) regulatory
"All of the Reporting Persons are a "group" for purposes of Section 13(d)"
indirect ownership financial
""ownership_type": "indirect" and "nature_of_ownership": "By Sprott Mining Inc.""
FAQ
What insider transaction did Hycroft Mining (HYMC) disclose in this Form 4?
Hycroft Mining disclosed that Sprott Mining Inc., affiliated with Eric Sprott, bought 200,000 Class A common shares in open-market transactions. The purchases occurred at prices of $39.06 and $38.28 per share and increased the group’s indirect equity position.
Who is the reporting person in the Hycroft Mining (HYMC) Form 4 filing?
The Form 4 lists Eric Sprott and 2176423 Ontario Ltd. as reporting persons. The shares are owned directly by Sprott Mining Inc., a wholly-owned subsidiary of 2176423 Ontario Ltd., which Eric Sprott controls through his ownership interests in that company.
What is the resulting Hycroft Mining (HYMC) stake after the Form 4 transactions?
After the reported purchases, the Form 4 shows indirect ownership of 37,303,704 Hycroft Mining Class A common shares. These shares are held by Sprott Mining Inc., which is wholly owned by 2176423 Ontario Ltd. and controlled by Eric Sprott through his ownership interests.
Were the Hycroft Mining (HYMC) transactions open-market purchases or another type?
Both reported transactions are classified as open-market purchases of non-derivative Class A common stock. The Form 4 uses transaction code “P” and describes them as purchases in open market or private transactions, indicating straightforward share buying activity by the affiliated entity.