Hycroft Mining Holding Corporation · NASDAQ:HYMC
Hycroft Mining — Investor Presentation (April 2026)
40 slides from Hycroft Mining's investor presentation, Apr 2, 2026
Slide 1: Developing One Of North America's Largest Precious Metals Deposits
ZN HYCROFT | NASDAQ | HYMC Developing One Of North America’s Largest Precious Metals Deposits 1Q-2026 hycroftmining.com
Slide 2: Financial Projections and Forward-Looking Statements
Financial Projections This presentation contains francial forecasts regarding certain inancél metrics ofthe Company. These projectors should not berelied ypen ar being necessarily indicative of future resuts. The independent aulltor of the Company has not audited, reviewed, comple or performed any p
Slide 3: Key Investment Highlights
Key Investment Highlights Substantial Gold and Silver Resource in Tier 1 Jurisdiction New High-Grade Discovery + Initial Resource New Resource Increases ~55% (M+l) ~ US$189M Cash (at Mar. 31, 2026- see slide 31) Included in SILV and Solactive Global Silver Indices Board, Management, and Technical Te
Slide 4: Contained Gold Ozs
Contained Gold Ozs Contained Gold Ozs M&l Contained Gold Ozs Inferred (Millions) (Millions) 16.41 5.03 55% Increase 50% Increase ™2023Resource 2026Resource ™ 2023 Resource 2026 Resource + 2023 Resource is based on $1900/troy oz gold and $24.50/ troy oz silver + 2026 Resource is based on $3100/troy o
Slide 5: Contained Silver Ozs
Contained S Contained Silver Ozs M&l Contained Silver Ozs Inferred (Millions) (Millions) 562.57 132.84 360.66 56% Increase 38% Increase ™2023Resource 2026 Resource ™2023Resource 2026 Resource + 2023 Resource is based on $1900/troy oz gold and $24 50/troy oz silver + 2026 Resource is based on $3100/t
Slide 6: Equivalent Gold Ozs
Equivalent Gold Ozs Contained Equivalent Gold Ozs M&l Contained Equivalent Gold Ozs Inferred (Millions) (Millions) 22.94 6.57 51% Increase 43% Increase ™2023Resource #2026 Resource 2023 Resource #2026 Resource Assumptions for Calculating AuEq Resources (Metri + Commodity Prices: 2026: Gold =$3, 100/
Slide 7: Equivalent Silver Ozs
Equivalent Silver Ozs Contained Equivalent Silver Ozs M&l ed Equivalent Silver Ozs Inferred (Billions) (Billions) 0.6 2.0 67% Increase 50% Increase ™2023 Resource 42026 Resource ™2023 Resource 2026 Resource Assumptions for Calculating AgEq Resources (Metri + Commodity Prices: 2026: Gold =$3,100/troy
Slide 8: Resource Benchmarking
Resource Benchmarking * Not currently producing or a primary silver company SILVER PRODUCERS (MOZ AGEQ.) SILVER DEVELOPERS (MOZ AGEQ.) GOLD DEVELOPERS (MOZ AUEQ.) seabiige 200. — ™ myenorr | oe : HYCROFT swvenort IR 200 New Pact on oval veda I 2122 v0 coour (IM 1:2 WiHaner Sve est snuir vocechis If)
Slide 9: Enterprise Value / Resource Benchmarking
Enterprise Value / Resource Benchmarking SILVER PRODUCERS (US$ / OZ AGEQ.) First Majestic 87 Coeur 313 Andean Precious Metals, sit roruna DY se Hecla $8 Americas Gold and Silver HES $8 Santacruz Aya Gold & Silver Fresnillo Endeavour Silver Hochschild Silvercorp I S3 *HYCROFT ES s2 ‘Median: USS8 / oz
Slide 10: Enterprise Value / In-Situ Value Benchmarking
Enterprise Value / In-Situ Value Benchmarking * Not currently producing or a primary silver company SILVER PRODUCERS (%) SILVER DEVELOPERS (%) GOLD DEVELOPERS (%) First Majestic 22.8% JineSiow. 0% Perpetua Erdene Coeur I) 8% Vizsla Silver 5.3% Rupert Andean Precious Metals 14.9% ! Novagold Fortuna 1
Slide 11: Largest Silver Projects
Largest Silver Projects 591 558 347 299 299 HYCROFT Endeavour Discovery Sun Silver Silver Eloro (HYGROFT MINE) Silver Silver (Maverick Opportunity Resources (La Pitarilla) (Cordero) Springs) Partners {(Iska Iska) (Sunshine) — iD | 1: = S_ = Mv ssoac: wm Source: BMO Capital Markets - BENCHMARKING ANA
Slide 12: Total Resources Per Share
Total Resources Per Share * Not currently producing or a primary silver company SILVER PRODUCERS (0Z AGEQ. / SH.) SILVER DEVELOPERS (0Z AGEQ. / SH.) GOLD DEVELOPERS (0Z AUEQ. / 100 SH.) *HYCROFT 22.4 Seabridge HYCROFT 22.4 HYCROFT 247.7 Fresnillo 78 Contango 63 Ascot Hecla [i] 34 STLLR Endeavour Sil
Slide 13: A World-Class Asset and Team
One of the world’s largest gold and silver deposits in a Tier | Jurisdiction Completing engineering work for next phase of commercial operations Two new high-grade silver discoveries represent a significant new value driver for the Hycroft Mine Award-winning safety record: Hycroft has maintained a T
Slide 14: Mine Finders and Mine Builders
Mine Finders and Mine Builders DIANE GARRETT PRESIDENT & CEO Formerly with Romarco Minerals, US Global Investors STAN RIDEOUT EXECUTIVE VICE PRESIDENT & CFO Formerly with Romarco Minerals, Phelps Dodge Corp. REBECCA JENNINGS SVP & GENERAL COUNSEL Formerly with Newmont, Allied Nevada DAVID THOMAS SVP
Slide 15: 2026 Catalysts
2026 Catalysts
Slide 16: Our Approach
Our Approach Expand recent high- grade discoveries Evaluate new potential underground opportunity on two high-grade silver systems Complete technical studies for sulfide milling operation Finalize Roaster vs POX trade-off studies Assess restart of heap leach operations +64 ,000-acre land package — o
Slide 17: Nevada: World's #1 Mining Jurisdiction
Nevada World’s #1 Mining Jurisdiction = Nevada leads the nation with the largest mining program in lower 48 states > 40 Operating gold mines > 100 Active mining operations (various minerals) > 280 Active exploration permits = Nevada is a significant producer of gold and silver = Strong ethic towards
Slide 18: Among the world's largest precious metals deposits
= Among the world’s largest precious metals deposits Heap leach operations (1980s to 2021) Extensive infrastructure on- site Permitted for heap leach and milling operations New high-grade discoveries + new priority targets identified Large untapped district-scale land package +64,000 acres - less th
Slide 19: Property Overview
Property Overview : uae ) Resource remains open in Union Pacific . = Rail Line (active) all directions and at depth ( Numerous targets within the land package Jungo Road (Nevada State Route 49) Hycroft Claims Resource Area Claims not owned by Hycroft 50/50 Owned with Hecla
Slide 20: Current Infrastructure
Current Infrastructure _] Onsite lab, admin, maintenance, truck shop, warehouse _) Crusher and conveyor belt circuit
Slide 21: Current Infrastructure
Current Infrastructure Merrill-Crowe facility New leach pad (permitted and available for ore loading) HYMC
Slide 22: 2025-2026 Drill Program
2025-2026 Drill Program ~26,000 meters of core drilling Two core drill rigs, 1 RC rig initially, adding 2 core rigs 2H2026 (5 rigs total) Target expansion of high-grade silver systems at Vortex and Brimstone HYCROFT
Slide 23: High-Grade Trends
High-Grade Trends New High-Grade Silver and Gold Mineralization Trends - Initial Resource Defined High-Grade Mineralization Remains Open Along Trends and at Depth Open Pit and Underground Optionality
Slide 24: Visible Silver in Core
Visible Silver in Core HD24_6010 from Brimstone 18.2 meters of 1,987.35 g/tAg Large zones of visible er 0.9m @ 10,289 g/t Ag 0.3m @ 20,280 git Ag
Slide 25: 2025 Drill Highlights - Vortex
2025 Drill Highlights - Vortex FROM To INTERVAL (meters) (meters) (meters) Ag (g/t) Au (g/t) AuEQ (g/t) Vortex H25D-6068 Including H25D-6070 Including H25D-6072 Including "= Vortex Dimensions = ~1 kilometer east to west = ~500 meters down dip " Silver to Gold ratio: 600:1 Brimstone Dimensions = ~380
Slide 26: Drill Highlights - Vortex
ll Highlights - Vortex , She 5 fF
Slide 27: Conceptual Underground Access
Conceptual Underground Access eo 275m 425m a” % DP ax mm eso FF Y =n gee Se & z 8 5 "Lf ra p , ; cree” =" ‘ «= - Brimstone
Slide 28: Potential High-Grade Extensions
Potential High-Grade Extensions Extensive surface mapping Soils geochemistry Induced Polarity Geophysics High Resolution drone imaging of the | high walls and high wall mapping a sa ™ . 3 Vortexe 4 - High-orade All indicating additional strong mineralization trends to the east and northeast followin
Slide 29: Bridge to Technical Report
Bridge to Technical Report Next Steps: ¥ 2024 Drill Results PEA with + Expand high- © Initial Mine Plan Economics grade systems | 2025-2026 Drill (Ongoing) + PFS—FS_ o Benchtop Roaster Testing Program on High- te Construction ¥ Capital Equipment Selection Grade + Production v Operating Cost Assessme
Slide 30: 2026 Catalysts
2026 Catalysts
Slide 31: Capitalization & Ownership
Capitalization & Ownership Capital Structure Share Price 1 — HYMC (naspaq) $35.20 52-Week range ' $2.30 - $58.73 Shares Outstanding ? 91.4M Fully Diluted 2/*/4 101.4M Market Capitalization */? $3.2B Average Daily Volume * 2,142K Unrestricted Cash * $189 M Debt ' SNIL 4. As of dose on March 31, 2026
Slide 32: For more information
ZN HYCROFT | NASDAQ | HYMC For more information info@hycroftmining.com hycrofitmining.com
Slide 33: 2026 Mineral Resource Estimate
2026 Mineral Resource Estimate As of January 21, 2026, Metric Units at $3,100/ oz Au and $36/ oz Ag Cutoff Grade $ Net Classification Approximate of Refining / tonne | Cutoff, AuEq g/t Heap Leach Resource Measured $2.07 - $4.00 0.027 - 0.055 84,364 Silver (g/t) Sulfide (%) Contained Ounces Gold Silv
Slide 34: Initial High-Grade Silver Resource
Initial High-Grade Silver Resource High-grade Silver Bearing Domains, Contained within the Mineral Resource at 68.57 git (2 oziton) Cutoff Grade, Metric Units Contained Ounces Classification "7 Gold 0zx1000 | 0zx 1000 Measured 68.57| 2,899 0.372| 286.35, 1.33 35 26,686 Indicated 68.57| 299 0.332| 10
Slide 35: Silver Mineralization
Silver Mineralization
Slide 36: Gold Mineralization
Gold Mineralization
Slide 37: Appendix
Page HYCROFT | NASDAQ | HYMC Appendix hycroftmining.com
Slide 38: Board of Directors
Board of Directors THOMAS WENG CHAIRMAN Co-Founding Partner, Alta Capital Partners; formerly with Deutsche Bank DAVID NACCARATI INDEPENDENT DIRECTOR Independent consultant; formerly with Cupric Canyon Capital, LLC, Phelps Dodge Corporation DIANE GARRETT PRESIDENT & CEO Formerly with Romarco Minerals
Slide 39: 2024 Drill Highlights - Vortex
2024 Drill Highlights - Vortex FROM TO INTERVAL GRADE Location Hole ID a a a Sl (meters) (meters) (meters) Ag (git) Au (git) AuEQ (git) Vortex H23D-6001 * 383.2 507.5 124.4 102.6 0.95 2.3 including 451.7 452.0 0.3 4,170.0 0.03 53.8 including 498.2 507.0 8.9 475.6 0.31 6.4 also including 498.2 498.8
Slide 40: 2024 Drill Highlights - Brimstone
2024 Drill Highlights - Brimstone FROM TO INTERVAL (meters) (meters) (meters) Ag (git) Au (git) AuEQ (git) Brimstone H23R-5753 * 274.3 359.7 85.3 534.29 0.23 7.12 including 285.0 324.6 39.6 1,019.28 0.26 13.40 also including 317.0 321.6 46 4,974.00 0.56 64.70 Brimstone H23R-5760 * 224.0 355.1 131.1
Hycroft Mining Holding — Investor Presentation (April 2026) on 6ix