WINNEMUCCA, Nev., Sept. 25,
2023 /PRNewswire/ -- Hycroft Mining Holding
Corporation (Nasdaq: HYMC) ("Hycroft" or "the Company")
announces that it plans to file a timely request for a hearing
before the Nasdaq Hearings Panel (the "Panel") to present its plan
to regain compliance with Nasdaq's minimum bid price
requirement.
Upon the filing of the request for a hearing, any further action
by Nasdaq will be stayed, and the Company's shares will continue to
trade on Nasdaq until the issuance of the Panel's decision
following the hearing.
The Company is diligently working to regain compliance with the
minimum bid price requirement and will provide an update when
relevant information becomes available. For more information on the
appeal and hearing process, please visit
www.listingcenter.nasdaq.com/.
About Hycroft Mining Holding Corporation
Hycroft Mining Holding Corporation is a US-based gold and silver
company developing the Hycroft Mine, one of the world's largest
precious metals deposits located in northern Nevada, a Tier-One mining jurisdiction. After
a long history of oxide heap leaching operations, the Company is
focused on completing the technical studies to transition the
Hycroft Mine into a large-scale milling operation for processing
the sulfide ore. In addition, the Company is engaged in a robust
exploration drill program to unlock the full potential of our
expansive +60,000-acre land package, of which only 10% has been
explored.
www.hycroftmining.com
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within
the meaning of Section 27A of the United States Securities Act of
1933, as amended, Section 21E of the United States Securities
Exchange Act of 1934, as amended, or the United States Private
Securities Litigation Reform Act of 1995. All statements, other
than statements of historical facts, included herein and public
statements by our officers or representatives, that address
activities, events or developments that our management expects or
anticipates will or may occur in the future, are forward-looking
statements, including but not limited to such things as future
business strategy, plans and goals, competitive strengths and
expansion and growth of our business. The words "estimate", "plan",
"anticipate", "expect", "intend", "believe" "target", "budget",
"may", "can", "will", "would", "could", "should", "seeks", or
"scheduled to" and similar words or expressions, or negatives of
these terms or other variations of these terms or comparable
language or any discussion of strategy or intention identify
forward-looking statements. Forward-looking statements address
activities, events, or developments that the Company expects or
anticipates will or may occur in the future and are based on
current expectations and assumptions. Forward-looking
statements 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 a lack of a completed feasibility study; and risks
related to our ability to re-establish commercially feasible mining
operations; (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; availability and cost of equipment, supplies, energy,
or reagents. The exploration target does not represent, and should
not be construed to be, an estimate of a mineral resource or
mineral reserve, as ranges of potential tonnage and grade (or
quality) of the 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 risks may include the following, and the occurrence
of one or more of the events or circumstances alone or in
combination with other events or circumstances may have a material
adverse effect on the Company's business, cash flows, financial
condition, and results of operations. Please see our "Risk Factors"
outlined in our Annual Report on Form 10-K for the year ended
December 31, 2022, our Quarterly
Report on Form 10-Q for the periods ended June 30, 2023, and other reports filed with the
SEC for more information about these and other risks. You are
cautioned against attributing undue certainty to 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 were based on
assumptions that the Company believes are reasonable when made, you
are cautioned that forward-looking statements are not guarantees of
future performance and that actual results, performance, or
achievements may differ materially from those made in or suggested
by the forward-looking statements in this news release. In
addition, even if our results, performance, or achievements are
consistent with the forward-looking statements contained in this
news release, those results, performance or achievements may not be
indicative of results, performance or achievements in subsequent
periods. Given these risks and uncertainties, you are cautioned not
to place undue reliance on these forward-looking statements. Any
forward-looking statements made in this news release speak only as
of the date of those statements. We undertake no obligation to
update those statements or publicly announce the results of any
revisions to any of those statements to reflect future events or
developments.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/hycroft-mining-provides-update-regarding-nasdaq-listing-301936871.html
SOURCE Hycroft Mining Holding Corporation