Hycroft Mining Holding Corporation (NASDAQ:HYMC) Stock Attempts To Rebound After The Big Fall

July 31, 2021July 31, 2021 Madison Hall Hycroft Mining Holding Corporation (NASDAQ:HYMC), HYMC, HYMC news, HYMC stock, NASDAQ:HYMC

Gold and Silver producer operating mine in the world-class mining region of Northern Nevada, Hycroft Mining Holding Corporation (NASDAQ:HYMC) on July 26, 2021 said that it aims to provide operating and financial results for quarter ending June 30, 2021 by August 4, 2021 before opening of the markets.

Ranked amongst the top 20 largest primary gold deposits in the world, the Hycroft Mine is also second largest in the US.

The company also announced on assisting Mudrick Capital Management, L.P. in placing about 777,968 shares of common stock as well as 394,863 warrants from a harvesting fund, taking the fund entirely from Hycroft equity.

Chairman of the Board of Directors, David Kirsch, said that Mudrick continues to be long-term shareholders of Hycroft. Kirsch said that it is also supportive of management’s initiative for increasing ownership, aligning interests with stakeholders.

Members of the management and Board, with existing institutional shareholders, did the acquisition and augmented holdings in the common stock.

Diane Garrett, President & CEO, said that Hycroft is amongst the top 20 global gold deposits and the firm believes that the time was opportune for increasing commitment towards the project.

Garrett said the continuing support from shareholders along with new Hycroft management will drive the operations towards becoming a world class asset.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.