Hycroft Mining Holding Corporation · NASDAQ:HYMC
Hycroft Mining — Investor Presentation (April 2026)
44 slides from Hycroft Mining's investor presentation, Apr 28, 2026
Slide 1: Developing One Of North America's Largest Precious Metals Deposits
HYCROF | NASDAQ | HYMC Developing One Of North America’s Largest Precious Metals Deposits 1H-2026 hycroftmining.com
Slide 2: Disclaimer
Disclaimer Financial Projections This presentation contains francial forecasts regarding certain financial metrics ofthe Company. These projesions shoud not berelied ypen as being necessarily indicative of futureresuks. The independent auditor f the Company hasnct audited, reviewed, compied, or perf
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$192M Cash (at Apr. 27, 2026- see slide 34) Indices: SILV, Solactive, Global Silver & GDXJ Board, Management, and Technical Team wit
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 2026 Resource ™ 2023 Resource 2026 Resource + 2023 Resource is based on $1900roy oz gold and $24.50/ troy oz silver + 2026 Resource is based on $3100troy oz
Slide 5: Contained Silver Ozs
Contained Silver Ozs Contained Silver Ozs M&l (Millions) 562.57 360.66 56% Increase ™2023Resource 2026 Resource + 2023 Resource is based on $1900ttroy oz gold and $24.50troy oz silver + 2026 Resource is based on $3100froy oz gold and $36froy oz silver + See notes on Slide 33 Contained Silver Ozs Inf
Slide 6: Initial High-Grade Silver Resource
Initial High-Grade Silver Resource High-grade Silver Bearing Domains, Contained within the Mineral Resource at 68.57 g/t (2 oz/ton) Cutoff Grade, Metric Units Contained Ounces Cutoff tonnes Silver Sulfide Cold Silver Grade Silver g/t git % on tis | Or can Brimstone Measured 68.57, 2,899 0.372 286.35
Slide 7: 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 ‘AuEq Resources (Metric): + Commodity Prices: 2026: Gold = $3, 100/roy oz; Silver = $36/tr
Slide 8: Equivalent Silver Ozs
Equivalent Silver Ozs alent Silver Ozs Inferred Contained Equivalent Silver Ozs M&I (Billions) (Billions) 0.6 2.0 67% Increase 50% Increase ™ 2023 Resource 2026 Resource ™2023 Resource 2026 Resource Assumptions for Calculating AgEq Resources (Metric): Commodity Prices: 2026: Gold = $3, 100/troy 02;
Slide 9: Resource Benchmarking
Resource Benchmarking * Not currently producing or a primary silver company SILVER PRODUCERS (MOZ AGEQ.) SILVER DEVELOPERS (MOZ AGEQ.) GOLD DEVELOPERS (MOZ AUEQ.) i Seabridge 260.4 HYCROFT *HYCROFT 2140 New Pacific ora Novagola Hecla 2122 i) Coeur 1,632 Highlander Silver 651 STLLR Hochschild 1,269 F
Slide 10: Enterprise Value / Resource Benchmarking
Enterprise Value / Resource Benchmarking SILVER PRODUCERS (USS / OZ AGEQ.) First Majestic. si7 AbraSilver |= Coeur $13 Vizsla Silver Andean Precious Metals sit Fortuna ff |) se Outerop Siver umm Hecla BES $8 Contango +l) Americas Gold and siver HES] 50 Santacruz S| s7 Highlander Siver | s2 Aya Gold
Slide 11: Enterprise Value / In-Situ Value Benchmarking
Enterprise Value / In-Situ Value Benchmarking * Not currently producing or a primary siiver company SILVER PRODUCERS (%) SILVER DEVELOPERS (%) GOLD DEVELOPERS (%) First Majestic 22.8% cr aoe Perpetua ined Erdene Coeur 17.8% Vizsia Silver 5.3% Rupert Andean Precious Metals 14.9% Novagold Fortuna 11.0
Slide 12: Largest Silver Projects
Largest Silver Projects Primary Silver Projects; Moz Ag M+I+1 591 558 347 299 299 253 215 212 197 180 HYCROFT — Endeavour Discovery —‘Sun Silver Silver Eloro New Pacific NewPacific AbraSilver Vizsla Silver _ Silver Mines (HYCROFT MINE) Silver Silver (Maverick Opportur Resources Metals, Metals (Diabi
Slide 13: Total Resources Per Share
Total Resources Per Share * Not currently producing or a primary silver company SILVER PRODUCERS (OZ AGEQ. / SH.) SILVER DEVELOPERS (OZ AGEQ. / SH.) GOLD DEVELOPERS (OZ AUEQ. / 100 SH.) wycrort A = Seabridge 2ar7 HYCROFT 22.4 HYCROFT Fresnillo 18 ‘Contango 63 Ascot Hecla 34 STLLR Erdesvoursiver’ Hi
Slide 14: 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 15: Mine Finders and Mine Builders
Mine Finders and Mine DIANE GARRETT PRESIDENT & CEO Formerly with Romarco Minerals, US Global Investors STAN RIDEOUT EXECUTIVE VICE PRESIDENT & CFO Formerly with Romarco Minerals, Phelps Dodge Corp. ERIC COLBY EXECUTIVE VICE PRESIDENT, CORPORATE DEVELOPMENT Formerly with Magris Performance Materials
Slide 16: 2026 Catalysts
2026 Catalysts
Slide 17: 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 — on
Slide 18: Nevada
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 19: Among the world's largest precious metals deposits
19, 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 les
Slide 20: Property Overview
Property Overview C1 Resource remains open in camon ache all directions and at depth C) 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 21: Current Infrastructure
Current Infrastructure Q Onsite lab, admin, maintenance, truck shop, warehouse Q Crusher and conveyor belt circuit
Slide 22: Current Infrastructure
Current Infrastructure . -) s Site Overview Q) Merrill-Crowe facility “) New leach pad (permitted and available for ore loading)
Slide 23: 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 24: 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 25: Visible Silver in Core - Brimstone
Visible Silver in Core - Brimstone HD24_6010 from Brimstone 18.2 meters of 1,987.35 g/t Ag Large zones of visible se, 0.9m @ 10,289 git Ag 0.3m @ 20,280 g/t Ag
Slide 26: Brimstone Wireframes
mstone Wireframes Brimstone Wireframes (COG 68.5 g/t Ag) - Looking Northeast 4 H24D-6010 / H25D-6077 «— H25D-6069 +— H25D-6075 H25D-6069: + 32.4m of 184.59 g/t Ag and 0.33 g/t Au incl 42m of 1,185 g/t Ag and 0.98 g/t Au H25D-6077: + 35.5m of 542.78 g/t Ag and 0.25 g/t Au incl 14.8m of 1,187 g/t Ag a
Slide 27: Brimstone Drill Results
Brimstone Drill Results Looking Southeast Reported Intercepts > 68.5 g/t Ag interpotant > ‘Stockwork vein zone Meters H25D-6069: + 32.4m of 184.59 git Ag and 0.33 g/t Au incl 42m of 1,185 g/t Ag and 0.98 g/t Au H25D-6077: + 35.5m of 542.78 g/t Ag and 0.25 g/t Au incl 14.8m of 1,187 g/t Ag and 0.19 g
Slide 28: Vortex — High-grade Gold & Silver
Vortex — High-grade Gold & Silver H25D-6070: * 30.8m of 438.58 g/t Ag and 0.41 g/t Au incl 6.1m of 739.58 gft Ag and 0.21 g/tAu H25D-6072: + — 26.4m of 565.31 gA Ag and 0.46 git Au incl 6.9m of 802.96 g/t Ag and 0.62 g/t Au multiple intercepts 960 to 1,545 g/t Ag H25D-6083: + 53.4m of 304 git Ag and
Slide 29: 2025 Drill Highlights - Vortex
2025 Drill Highlights - Vortex TO INTERVAI GRADE coe (meters) (meters) ‘Ag (ait) Au (gif) AgEQ(git) _ AuEQ (git) Vortex H25D-6068 4447 6137 769.0 16.07 048 57.24 0.66 Including 449.0 459.3 10.3 5.35 1.09 99.18 115 H25D-6070 419.7 450.5 308 436.2 0.41 471.49 5.48 inckiding 4248 430.9 61 739.58 0.21 7
Slide 30: Vortex Extends North, South & West
Vortex Extends North, South & West eI
Slide 31: Conceptual Underground Access
Conceptual Underground Access HYCROFT
Slide 32: Potential High-Grade Extensions
Potential High-Grade Extensions Extensive surface mapping Soils geochemistry Induced Polarity Geophysics / High Resolution 4 vild rose drone imaging of the | high walls and high 2 wall mapping All indicating additional strong mineralization trends to the east and northeast following newly identified
Slide 33: 2026 Catalysts
2026 Catalysts
Slide 34: Capitalization & Ownership
Capitalization & Ownership Capital Structure Share Price 1— HYMC(naspaq) $38.12 52-Week range ' $2.71 - $58.73 Shares Outstanding 2 91.4M Fully Diluted 2/3 101.4M Market Capitalization 1/2 $3.5B ‘Average Daily Volume * 2,280K Unrestricted Cash ' $192 M Debt ' $NIL 1. As of close on April 27, 2026 2.
Slide 35: For more information
HYCROF | NASDAQ | HYMC For more information info@hycroftmining.com hycroftmining.com
Slide 36: 2026 Mineral Resource Estimate
2026 Mineral Resource Estimate As of January 21, 2026, Metric Units at $3,100/ oz Au and $36/0z Ag . Contained Ounces Cutoff Grade $ Net | Approximate Gold Ktonnes Classification of Refining / tonne | Cutoff, AuEq g/t (g/t) Heap Leach Re Measured $2.07 - $4.00 0.027 - 0.055 84,364 K . . 10,322 Indic
Slide 37: Silver Mineralization
Silver Mineralization
Slide 38: Gold Mineralization
Gold Mineralization Mineralization outside of the current resource
Slide 39: Appendix
HYCROF | NASDAQ | HYMC Appendix hycroftmining.com
Slide 40: 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 41: Drill Highlights - Vortex
Drill Highlights - Vortex FROM TO INTERV, (meters) (meters) (meters) Ag (git) Au (git) AgEQ@git) _ AuEQ (git) H24D-6001 383.2 507.5 124.4 102.59 0.95 184.40 2.14 Including 451.7 452.0 03 4,170.00 0.03 4,172.58 48.46 Hole ID Including 498.2 507.0 89 475.56 0.31 502.25 5.83 Also Including 498.2 498.8
Slide 42: 2024 Drill Highlights - Vortex
2024 Drill Highlights - Vortex FROM TO INTERVAL GRADE (meters) (meters) (meters) Ag (git) Au (git) AuEQ (git) Location Hole ID Vortex H23D-6001 ° 383.2 507.5, 124.4 102.6 0.95 23 including 451.7 452.0 03 4,170.0 0.03 53.8 including A98.2 507.0 8.9 475.6 0.31 6.4 also including 498.2 498.8 0.7 1,700.
Slide 43: Drill Highlights - Brimstone
Drill Highlights - Brimstone Hole ID Brimstone H23R5753 i 534.29 554.40 Including 1,019.28 1,041.67 Also Including 4974.00 5,022.22 Brimstone H23R5774 148 2977 1529 14264 032 41047 198 Including 2160 2738 $77 367.16 0.29 382.12 444 Also Including 266.0 260.2 42 380678 058 3,856.72 4479 Brimstone H23
Slide 44: 2024 Drill Highlights - Brimstone
2024 Drill Highlights - Brimstone Location Brimstone Brimstone Brimstone Brimstone Brimstone Brimstone Hole ID H23R-5753 * including also including H23R-5760 * including also including H23R-5771 * including also including H23C-5790 ? including including H2aD-6010 * including including also including
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