Form 4: Eric Sprott Increases HYMC Stake by 700,000 Shares

Director and 10% owner Eric Sprott, through Sprott Mining Inc., acquired 700,000 shares of Hycroft Mining Holding Corp. Class A common stock across four transactions in late December 2025.

Summary

• Eric Sprott, a Director and 10% owner of Hycroft Mining Holding Corp. (HYMC), significantly increased his beneficial ownership.
• Through Sprott Mining Inc., a wholly-owned subsidiary of 2176423 Ontario Ltd. which Eric Sprott controls, a total of 700,000 Class A common shares were acquired.
• The purchases occurred on December 24, 2025, December 26, 2025 (two separate transactions), and December 29, 2025.
• Transaction prices ranged from $22.70 to $25.03 per share.
• Following these transactions, the total indirect beneficial ownership by Sprott Mining Inc. stands at 31,456,352 Class A common shares.

Sentiment

Score: 8

Explanation: The significant insider buying by a major shareholder and director, Eric Sprott, indicates strong confidence in the company's future, which is a very positive signal for investors.

Positives

• Significant insider buying by a director and 10% owner, Eric Sprott, indicates strong confidence in the company's future prospects.
• The acquisition of 700,000 shares represents a substantial investment by a key stakeholder, totaling approximately $16.5 million.
• The purchases were made at varying price points, suggesting a strategic accumulation of shares.

Future Outlook

This Form 4 filing does not contain specific forward-looking statements or guidance, but the significant insider buying by a major shareholder and director can be interpreted as a positive signal regarding the company's future prospects.

Management Comments

• These securities are owned directly by Sprott Mining Inc. ("Sprott Mining"), a wholly-owned subsidiary of 2176423 Ontario Ltd. Eric Sprott controls 2176423 Ontario Ltd. and has the power to direct the voting and disposition of Class A common stock held by Sprott Mining through his ownership interests in 2176423 Ontario Ltd.
• All of the Reporting Persons are a "group" for purposes of Section 13(d) of the Exchange Act.

Industry Context

Insider buying, especially by a prominent investor like Eric Sprott known for his focus on precious metals, often signals confidence in the company's valuation or future operational performance within the mining sector. This move could suggest a belief in the long-term potential of Hycroft Mining's assets or an anticipation of favorable market conditions for gold and silver.

Comparison to Industry Standards

• Insider buying by a 10% owner and director is generally viewed as a strong positive signal, often outperforming general market sentiment indicators.
• Eric Sprott's history of successful investments in the precious metals sector lends additional weight to this significant share accumulation, suggesting a belief that Hycroft Mining's assets are undervalued or poised for growth, similar to his past strategic investments in other junior and mid-tier mining companies.

Related Party Transactions

• The transactions involve Eric Sprott, a director and 10% owner, acquiring shares indirectly through Sprott Mining Inc., which he controls. This constitutes a related party transaction as it involves a key management person and entities under their control.

Stakeholder Impact

• Shareholders: This insider buying could instill greater confidence among existing shareholders and attract new investors, potentially leading to increased demand for the stock.
• Management: The actions of a significant shareholder and director like Eric Sprott can influence strategic decisions and corporate direction.

Key Dates

Recommendation

The substantial insider buying by Eric Sprott, a highly respected investor with a strong track record in the precious metals sector and a 10% owner and director of Hycroft Mining, signals significant confidence in the company's future prospects and valuation. Such a large investment by a knowledgeable insider often precedes positive developments or indicates a belief that the stock is currently undervalued. This action provides a strong bullish signal for investors.

Keywords

Hycroft Mining Holding Corp, HYMC, Eric Sprott, Sprott Mining Inc., Insider Buying, Form 4, Share Purchase, Director Ownership, 10% Owner, Mining Stock