Hycroft Mining Holding Corp-A 2026年季度报告

FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 For the quarterly period ended March31, 2026 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 For the transition period fromto Commission File No. 001-38387 HYCROFT MINING HOLDING CORPORATION(Exact name of registrant as specified in its charter) 82-2657796 Delaware (I.R.S. EmployerIdentification No.) (State or other jurisdiction of incorporationor organization) P.O. Box 3030Winnemucca, Nevada 89446(Address of principal executive offices)(Zip code)(775) 304-0260(Registrant’s telephone number, includingarea code) Securities registered pursuant to Section 12(b) of the Act:Name of each exchange on which registered Title of each classClass A common stock,par value $0.0001per share The Nasdaq Stock Market LLC HYMC Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant wasrequired to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the registrant was required to submit such files). Yes☒No☐Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “acceleratedfiler,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. ☐Large accelerated filer☒Non-accelerated filer ☐Accelerated filer☒Smaller reporting company☐Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act):Yes☐No☒ As of April27, 2026, there were 91,360,601 shares of the Company’s common stock issued and outstanding. Quarterly Report on Form 10-Q TABLE OF CONTENTS PARTITEMI1Financial Statements32Management’s Discussion and Analysis of Financial Condition and Results of Operations193Quantitative and Qualitative Disclosures about Market Risk254Controls and Procedures25II1Legal Proceedings262Unregistered Sales of Equity Securities and Use of Proceeds263Defaults Upon Senior Securities264Mine Safety Disclosures265Other Information266Exhibits27Signatures28 ITEM I. FINANCIAL STATEMENTS INDEX TO FINANCIAL STATEMENTS Unaudited Condensed Consolidated Financial Statements Unaudited Condensed Consolidated Balance SheetsUnaudited Condensed Consolidated Statements of OperationsUnaudited Condensed Consolidated Statements of Cash FlowsUnaudited Condensed Consolidated Statements of Stockholders’ Equity (Deficit)Notes to Unaudited Condensed Consolidated Financial Statements 45678 HYCROFT MINING HOLDING CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETS(in thousands, except share and par value amounts) HYCROFT MINING HOLDING CORPORATIONUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except share and per share amounts) HYCROFT MINING HOLDING CORPORATIONUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands) HYCROFT MINING HOLDING CORPORATIONNotes to Unaudited Condensed Consolidated Financial Statements 1. Company Overview Hycroft Mining Holding Corporation and its subsidiaries (collectively, “Hycroft,” the “Company,” “we,” “us,” “our,” “it,” or“HYMC”) is a U.S.-based gold and silver company dedicated to the safe, environmentally responsible, and cost-effective explorationand development of the Hycroft Mine, located in the state of Nevada. The Company restarted pre-commercial scale open pit mining operations at the Hycroft Mine during the second quarter of 2019and discontinued mining operations in November 2021. In February 2026, the Company, along with its third-party consultants,completed and filed the Hycroft Mine Initial Assessment and Technical Report Summary Nevada, USA (“2026 Hycroft TRS”) thatincluded a mineral resource estimate utilizing a pressure oxidation (“POX”) process for transitional and sulfide mineralization andheap leaching process for oxide mineralization and some transitional mineralization. The Company is focusing on exploration drill