# Hycroft Provides Project Update

- Link: https://www.thailand-business-news.com/pr-news/hycroft-provides-project-update
- Published: 2026-09-22T04:55:00+07:00
- Author: PR Newswire

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**Unveils Refreshed Brand Identity to Reflect Its Evolution**

WINNEMUCCA, Nev., Sept. 22, 2026 /PRNewswire/ — Hycroft Mining Holding Corporation(
Nasdaq: HYMC) ("Hycroft" or the "Company"), a U.S.-based gold and silver exploration
and development company that owns the Hycroft Mine, today provides an update on 
the technical initiatives underway to advance the mine toward production. The Company
also unveils a refreshed brand identity, redesigned website and updated corporate
presentation that reflect Hycroft’s transformation and the significant opportunities
being advanced across the asset.

The Company is continuing to evaluate multiple potential pathways to unlock shareholder
value in the second half of 2026. These efforts are supported by a senior leadership
team with extensive operational expertise and a strengthened Board of Directors 
with substantial experience in mining operations and project development. The updated
website, available today at [www.hycroftmining.com](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4779204-1&h=2867398144&u=http%3A%2F%2Fwww.hycroftmining.com%2F&a=www.hycroftmining.com),
provides investors and all stakeholders with enhanced access to information on the
Company’s strategy, technical programs, exploration results and corporate developments.

**Diane Garrett, Executive Chairman and CEO, commented**: "We are progressing underground
development planning at Brimstone and Vortex, completing trade-off study results
between pressure oxidation and roasting for the broader sulfide resource and assessing
the potential restart of heap leach operations. Additionally, we are awaiting two
additional core rigs and expect to have them in the fourth quarter to accelerate
drilling on Vortex and Brimstone and test other highly prospective targets across
the site. Our focus remains on defining the optimal path to production that delivers
the highest economic value from the asset to our shareholders.

We have also strengthened our Board and management team with highly experienced 
mining leaders who bring the operating, technical, financial and strategic capabilities
needed to support this next phase of growth and our updated website and corporate
materials provide a more effective platform to communicate the progress being made
across the asset."

**Technical Update**

**Assessment of High-Grade Underground Development Potential**

The Company is finalizing its internal assessment of potential underground development
options for the high-grade Brimstone and Vortex systems. As previously announced,
the Company engaged RESPEC Company LLC ("RESPEC") to evaluate underground mining
alternatives and develop a conceptual mine plan. RESPEC is also supporting an assessment
of potential locations and configurations for an exploration decline that could 
provide underground drill access to more effectively and efficiently explore and
expand the high-grade systems while also considering its potential integration into
a future underground mining operation.

Hatch Ltd. ("Hatch") has also been engaged to evaluate processing alternatives for
recovering silver and gold from a potential underground operation. A metallurgical
test program is underway at Hazen Research Inc. ("Hazen") to further characterize
the metallurgical response of the high-grade Brimstone and Vortex material and support
this evaluation.

In parallel, the Company will continue the engineering, environmental, and permitting
work required to advance the project along the optimal production path.

**Metallurgical Test Work on Roasting**

The Company has completed the roasting metallurgical test program and is now finalizing
a trade-off analysis comparing the economic benefit of both roasting and pressure
oxidation. While both processing options are conventional methods, roasting has 
the potential for an additional revenue stream through the production and sale of
sulfuric acid, which is a critical input for lithium, copper, and fertilizer production.

**Assessment of a Heap Leach Restart**

The Company continues to evaluate the potential to restart heap leach operations
at Hycroft. A reverse circulation drill program, initiated in late 2025, further
defined the quantity, location and characteristics of oxide and transition material.
A metallurgical test program is underway, after which the Company will evaluate 
the appropriate next steps for advancing the restart opportunity.

**About Hycroft Mining Holding Corporation**

Hycroft Mining Holding Corporation is a US-based gold and silver company exploring
and developing the Hycroft Mine, among the world’s largest precious metals deposits,
located in Nevada, a Tier-1 mining jurisdiction. With a long history of heap leach
operations, Hycroft is advancing to the next phase of operations for processing 
sulfide mineralization. In addition, Hycroft is engaged in a robust exploration 
drill program (2025-2026 Exploration Drill Program) to expand and advance the two
new high-grade silver systems Brimstone and Vortex. These discoveries represent 
a significant value driver for the Hycroft Mine.

**For Further Information**

**Investor Relations:E: [info@hycroftmining.com](https://www.thailand-business-news.com/pr-news/info@hycroftmining.com)

P: 775-245-0564 

**Media:E: [media@hycroftmining.com](https://www.thailand-business-news.com/pr-news/media@hycroftmining.com)

P: 775-245-0564 

[www.hycroftmining.com](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4779204-1&h=2867398144&u=http%3A%2F%2Fwww.hycroftmining.com%2F&a=www.hycroftmining.com)

**Cautionary Note Regarding Forward-Looking Statements**

This press release contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange
Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995.
All statements, other than statements of historical fact, included in this press
release and in public statements by our officers or representatives that address
activities, events or developments that we expect or anticipate will or may occur
in the future are forward-looking statements. These include, but are not limited
to, statements regarding future business strategy, plans and goals, competitive 
strengths, the advancement and development of the Hycroft Mine, the results and 
implications of metallurgical analysis and test work, and the expansion and growth
of our business.

Forward-looking statements are often identified by future or conditional words such
as "estimate," "plan," "anticipate," "expect," "intend," "believe," "target," "budget,""
may," "can," "will," "would," "could," "should," "seeks," "scheduled to" and similar
words or expressions but the absence of these words does not mean that a statement
is not forward-looking. Forward-looking statements are based on current expectations,
estimates and projections that involve a number of risks and uncertainties, which
could cause actual results to differ materially from those reflected in the statements.
The risks 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 the lack of a completed feasibility study; risks related to metallurgical
test work and process development; risks related to obtaining and maintaining necessary
permits and regulatory approvals; and risks related to our ability to re-establish
commercially feasible mining and processing operations; and (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; and the availability
and cost of equipment, supplies, energy or reagents.

These and other risks may cause actual results to differ materially from those expressed
or implied by the forward-looking statements, and the occurrence of one or more 
of these events or circumstances, alone or in combination with others, may have 
a material adverse effect on our business, cash flows, financial condition and results
of operations. Please see the "Risk Factors" outlined in our Annual Report on Form
10-K for the year ended December 31, 2025, and in other reports filed with the SEC,
for more information about these and other risks. You are cautioned not to place
undue reliance on forward-looking statements, which speak only as of the date of
this press release. The Company undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new information, future events
or otherwise, except as required by applicable law.

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