Hycroft Mining (HYMC) said Thursday it is launching a public underwritten offering of its Class A common stock for gross proceeds of about $100 million.
Net proceeds will be used to expand and expedite exploration and drilling programs, and for general corporate and working capital purposes, the company said.
Hycroft Mining also said it will allow the underwriters a 30-day option to buy up to an additional 15% of the base offering.
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