WINNEMUCCA, Nev., Jan. 7, 2025
/PRNewswire/ -- Hycroft Mining Holding Corporation (Nasdaq:
HYMC) ("Hycroft" or "the Company") today announced that Mr.
Stephen A. Lang will step down as
Chair of the Board of Directors due to health reasons effective
January 15, 2025, but will remain on
the Board as an Independent Director. Thomas Weng, current independent Lead Director
and Chair of the Corporate Governance and Nominating Committee has
been appointed Chair of the Board, also effective January 15, 2025.
"On behalf of the Board, we want to express our deep
appreciation to Stephen Lang for his
dedicated service and outstanding leadership as Chair of the
company's Board of Directors," said Mr. Weng. Mr. Weng has
been a director of Hycroft since May
2020. He is an experienced financial executive in the mining
space, and with his extensive Board expertise and deep knowledge of
Hycroft, he will bring valuable insights to this important
leadership role as we continue to execute our strategy.
Mr. Weng has over 25 years of experience in the financial
services sector. In 2011, Mr. Weng co-founded Alta Capital
Partners, a provider of financial advisory services. From
February 2007 to January 2011, Mr. Weng was a Managing Director at
Deutsche Bank and Head of Equity Capital Markets for Metals and
Mining throughout the Americas and Latin
America. Prior to 2007, Mr. Weng held various senior
positions at Pacific Partners, an alternative investment firm,
Morgan Stanley and Bear Stearns. Mr. Weng graduated from
Boston University with a Bachelor of
Arts in Economics.
About Hycroft Mining Holding Corporation
Hycroft Mining Holding Corporation is a US-based gold and silver
company developing the Hycroft Mine, among 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 the next phase of commercial operations for
processing the sulfide ore. In addition, the Company is engaged in
a robust exploration drill program to further expand the newly
discovered high-grade dominant silver systems and unlock the full
potential of this world-class asset.
For further information, please contact:
info@hycroftmining.com
www.hycroftmining.com
Cautionary Note Regarding Forward-Looking Statements
This news release may contain "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, which are intended to be covered by the safe harbor
created by such sections and other applicable laws. Such
forward-looking statements may include, without limitation,
estimates and expectations of future production, reserve estimates,
exploration outlook and expected expenditure, and operational and
financial performance. 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. Where the Company expresses or implies an
expectation or belief as to future events or results, such
expectation or belief is expressed in good faith and believed to
have a reasonable basis. However, such statements are subject to
risks, uncertainties, assumptions and other factors, which could
cause actual results to differ materially from future results
expressed or implied by the "forward-looking statements". Such
assumptions, include, but are not limited to the key assumptions
set forth on page 4 hereof. Investors are also encouraged to refer
to the Company's Form 10-K for its fiscal year 2023, filed with the
SEC on March 14, 2024, as updated by
Form 10-Q for the quarterly periods ended March 31, 2024, June 30,
2024, and September 30, 2024,
filed with the SEC on May 7, 2024,
August 6, 2024, and November 5, 2024, respectively, as well as
Hycroft's other SEC filings for additional information. The Company
does not undertake any obligation to release publicly revisions to
any "forward-looking statement," including, without limitation,
outlook, to reflect events or circumstances after the date of this
news release, or to reflect the occurrence of unanticipated events,
except as may be required under applicable securities laws.
Investors should not assume that any lack of update to a previously
issued "forward-looking statement" constitutes a reaffirmation of
that statement. Continued reliance on "forward-looking statements"
is at investors' own risk.
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SOURCE Hycroft Mining Holding Corporation
