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Investing.com -- Hycroft Mining Holding Corporation (NASDAQ:HYMC) stock gained 4.9% in premarket trading Thursday after the company announced it has fully paid off its remaining debt of $125.5 million, including accrued interest.
The mining company made the payments on October 15, 2025, first repaying $15.0 million in principal balance of its first-lien debt along with $0.1 million in accrued interest. Hycroft then repurchased subordinated notes with a face value of $120.8 million plus approximately $0.5 million in accrued paid-in-kind interest at a 9% discount, paying $110.4 million.
"For the first time since becoming a public company, we are debt-free with a robust treasury," said Diane Garrett, President and CEO of Hycroft. "We’ve removed the financial constraints of the past and strengthened our foundation with a world-class institutional investor base and the capital resources to execute our long-term vision."
The debt elimination follows the completion of three equity offerings in 2025 that transformed the company’s shareholder base. According to Hycroft, approximately 80% of its outstanding shares are now held by institutional investors, including several leading funds in the global mining sector.
With its strengthened balance sheet, Hycroft stated it is now positioned to accelerate growth and enhance its operating flexibility as it moves forward with its strategic objectives.
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