Business
Hycroft Mining Granted 180-day Extension By Nasdaq To Regain Compliance With Minimum Bid Rule
WINNEMUCCA, Nev., April 4, 2023 /PRNewswire/ -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) ("Hycroft" or "the Company"), a gold and silver development co
About this update from Hycroft Mining Holding Corporation
[{"type":"text","content":" WINNEMUCCA, Nev., April 4, 2023 /PRNewswire/ -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) (\"Hycroft\" or \"the Company\"), a gold and silver development company that owns the Hycroft Mine in the prolific mining region of Northern Nevada, today announced it has received an extension of 180 calendar days or until October 2, 2023, to regain compliance with Nasdaq's minimum bid price requirement. Nasdaq's determination is based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Capital Market with the exception of the bid price requirement, and the Company's written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. The Company will monitor the closing bid price of its common shares and consider all available options to regain compliance with the minimum bid price requirement. About Hycroft Mining Holding Corporation Hycroft is a US-based, gold and silver company developing the Hycroft Mine located in the world-class mining region of Northern Nevada. FOR FURTHER INFORMATION contact [email protected] or visit our website at www.hycroftmining.com. Diane R. Garrett,President & CEO Cautionary Note Regarding Forward-Looking Statements. This news release contains \"forward-looking statements\" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, Section 21E of the United States Securities Exchange Act of 1934, as amended, or the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included herein and public statements by our officers or representatives, that address activities, events or developments that our management expects or anticipates will or may occur in the future, are forward-looking statements, including but not limited to such things as future business strategy, plans and goals, competitive strengths and expansion and growth of our business. The words \"estimate\", \"plan\", \"anticipate\", \"expect\", \"intend\", \"believe\" \"target\", \"budget\", \"may\", \"can\", \"will\", \"would\", \"could\", \"should\", \"seeks\", or \"scheduled to\" and similar words or expressions, or negatives of these te...