Hycroft Mining Holding Corporation · NASDAQ:HYMC
Hycroft Mining — Investor Presentation (July 2026)
50 slides from Hycroft Mining's investor presentation, Jul 16, 2026
Slide 1: Unlocking North America's Largest Precious Metals Deposits
ram HYCROET: _Nasoaa | Hyuic Unlocking North America’s Largest Precious Metals Deposits 2H-2026 hycroftmining.com AS
Slide 2: Financial Projections and Forward-Looking Statements
Financial Projections ‘This presentation contains financial forecasts regarding certain financial metrics of the Company. These projections should not be relied upon as necessarily indicative of future results. The independent auditor of the Company has not audited, reviewed, compiled, or performed
Slide 3: World's #1 Mining Jurisdiction: Nevada
MT 1 s0n0: vm X Thacker Pass Nevada Turquoise Ridge Sleeper®@ Coreg ellis © Winnemuc: Pain CE @ nn yd 7 - = = Marigold World’s #1 Mining Jurisdiction Faia Canea® Pron@ — @ Fire Geek @ Rochester = Nevada leads the nation with the largest mining program in @ Cortez Complex lower 48 states Go Bor@ @ Ba
Slide 4: 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 - current
Slide 5: Key Investment Highlights
Visible silver in core from Vortex. Key Investment Highlights Substantial Gold and Silver Resource in Tier 1 Jurisdiction - Nevada, USA Two High-Grade Silver Discoveries: Brimstone, Vortex System Remains Open in All Directions and at Depth ~ US$221M Cash and No Debt (at June 30, 2026) Indices: SILV,
Slide 6: What We Envisioned - We Achieved
What We Envisioned -— We Achieved FROM VISION TO SUCCESS - Delivering on our promise Oct 2025 1H 2026 Jan. 2025 eh camilica ‘an ‘ Drilled d raise — al resource increases para Pear eatecer institutional by 55% Two high- r Paid off all debt Market cap increase to Nov 2023 ores silver Brmstane & new 95
Slide 7: Contained Gold Ounces
Contained Gold Ounces Contained Gold Ozs M&l (Millions) 16.41 55% Increase ™2023Resource 2026 Resource + 2023 Resource is based on $1900/troy oz gold and $24.50\troy 07 silver + 2026 Resource is based on $3100)troy oz gold and $36/troy oz silver + See notes on 2026 Mineral Resource Slide Contained G
Slide 8: Contained Silver Ounces
Contained S Contained Silver Ozs M&l Contained Silver Ozs Inferred (Millions) i 562.57 96.11 360.66 56% Increase 38% Increase ™2023Resource 2026 Resource ™2023Resource 2026 Resource + 2023 Resource is based on $1900/troy oz gold and $24.50\troy 07 silver + 2026 Resource is based on $3100)troy oz gol
Slide 9: Equivalent Gold Ounces
Equivalent Gold Ounces Contained Equivalent Gold Ozs M&l (Millions) 22.94 lent Gold Ozs Inferred (Millions) 6.57 51% Increase ™2023Resource #2026 Resource ‘Assumptions for Calculating AuEq Resources (Metric): 43% Increase 2023 Resource 2026 Resource + Commodity Prices: 2026: Gold = $3, 100/troy oz;
Slide 10: Equivalent Silver Ounces
Equivalent Silver Ounces Contained Equivalent Silver Ozs M&I Contained Equivalent Silver Ozs Inferred (Billions) (Billions) 0.6 67% Increase 50% Increase 2023 Resource 2026 Resource 2023 Resource 2026 Resource Assumptions for Calculating AgEq Resources (Metric): + Commodity Prices: 2026: Gold = $3,
Slide 11: Technical Report (PEA) Summary
Technical Report (PEA) Summary’ VALUE le LEVERAGE 1 Source: S-K 1300 Technical Report Summary (May 14, 2026) 2 Base case: $3,600/oz gold | $48.00/oz silver 3 Spot prices: $4,569 /oz gold | $77.98/oz silver 4 AuEq based on silver to gold ratio of $48.00 to $3,600.
Slide 12: Sensitivity Analysis
Sensitivity Analysis Post-Tax Leverage to Gold and Silver Metal Prices z a 8 3 saeo0/sa8 $4000/$60 $4500/870 5000/80 $5500/$90 Gold/Silver Price (oz) TENPV at 5% BINPV ato% $6000/$100 For every $5 increase in silver price per ounce, NPV; increases by ~$460 million HYCROFT
Slide 13: Multi-Decade Mine with Scale
Multi-Decade Mine with Scale Life-of-mine production: -_ Revenue US$ Millions 10.4 million oz gold 347 million oz of silver First 10 years production of +330,0000z AuEg (7) Average annual production: 204,000 oz of gold 6.8 million oz of silver 295,000 oz gold equivalent 5678910111213 Initial Capital
Slide 14: Proven Process, Permits & Infrastructure
Proven Process, Permits & Infrastructure = Past producing mine with significant infrastructure and permitted for milling and heap leach operations = Proven POX processing technology, as adopted by other Nevada and global gold producers = Roasting processing option studies nearing completion Current
Slide 15: Size - Scale - Upside - Jurisdiction - Infrastructure
Size — Scale — Upside — Jurisdiction — Infrastructure + Large open pit, + High-grade UG, or + Hybrid - UG high grade to complement open pit + Engineering analysis well underway for decline * POX provides robust economics + Roasting study nearing completion — could add third revenue stream from the s
Slide 16: Property Overview
Property Overview (1) Resource remains open in all directions and at depth OQ Numerous targets within the land package (Nevada State Route 49) Jungo Road Hycroft Claims Resource Area Claims not owned by Hycroft 50/50 Owned with Hecla
Slide 17: Current Infrastructure
Current Infrastructure Q Onsite lab, admin, maintenance, truck shop, warehouse
Slide 18: Current Infrastructure
Current Infrastructure Q) Merrill-Crowe facility Q) New leach pad (permitted and available for ore loading)
Slide 19: High-grade Silver Systems
High-grade Silver Systems = Brimstone Dimensions = ~380 meters down dip = ~250 meters north to soul = Silver to Gold ratio: 3,000:1 = Vortex Dimensions = ~1 kilometer east to west = ~500 meters down dip = Silver to Gold ratio: 600:1
Slide 20: 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 21: 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 22: 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 nd 0.9m @ 10,289 g/t Ag 0.3m @ 20,280 g/t Ag
Slide 23: Brimstone Wireframes
Brimstone Wireframes Brimstone Wireframes (COG 68.5 g/t Ag) ~ Looking Northeast 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 and 0.19 g/t Au Incl 0.4m of 21,833 g/t Ag and 0
Slide 24: Conceptual Underground Access
Conceptual Underground Access HYCROFT
Slide 25: Brimstone Drill Results
Brimstone Drill Results Looking Southeast H25D-6069: Bie 7 a = : + 32.4m of 184.59 g/t Ag and 0.33 git Au PO aime — : ; incl 42m of 1,185 g/t Ag and 0.98 g/t Au = a . 4 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/t Au Incl 0.4m of 21,833 g/t Ag and 0.07
Slide 26: Vortex - High-Grade Gold & Silver
Vortex — High-Grade Gold & Silver Brimstone Pit © H2pD-5070: = ; + 30.8m of 438.58 g/t Ag and 0.41 git Au incl 6.1m of 739.58 git Ag and 0.21 git Au H25D-6072: + 26.4m of 565.31 g/t 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 Pett ofentation
Slide 27: 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 All indicating additional strong mineralization trends to the east and northeast following newly identified structural trends
Slide 28: Resource Benchmarking
Resource Benchmarking SILVER PRODUCERS (MOZ AGEQ.) SILVER DEVELOPERS (MOZ AGEQ.) * Not currently producing or a primary silver company GOLD DEVELOPERS (MOZ AUEQ.) Fresnillo siycot IE +200 Coeur 1,883 Hecla Hochschild 1,336 First Majestic 930 Silvercorp Endeavour Silver 6 Fortuna Americas Gold and Si
Slide 29: Enterprise Value / Resource Benchmarking
Enterprise Value / Resource Benchmarking * Not currently producing or a primary silver company SILVER PRODUCERS (US$ / OZ AGEQ.) SILVER DEVELOPERS (USS / OZ AGEQ.) GOLD DEVELOPERS (USS / OZ AUEQ.) Cocur ass Abrasilver == ia Perpetua First Majestic. Snowline Gold Vizsla Silver Mol s Andean Precious M
Slide 30: Largest Silver Projects
Largest Silver Projects Hycroft. Endeavour Discovery Sun Silver Silver Eloro (Hycroft Mine) Silver Silver (Maverick Opportunity Resources. (LaPitarrilay (Cordero) Springs) Partners _(Iska Iska) (Sunshine) | Source: BMO Capital Markets BENCHMARKING ANALYSIS ~ As of April 22, 2026 New Pacific New Paci
Slide 31: Price to NAV Benchmarking
SILVER PRODUCERS SILVER DEVELOPERS GOLD DEVELOPERS First Majestic Fresnillo Hecla coeur Endeavour Silver ‘Americas Gold and silver Santacruz Aya Gold & Silver Hochschild Silvereorp Fortuna Andean Precious Metals * Hycroft Abrasilver New Pacific Vizsla Silver Vizsla Silver 0.90% 079 Highlander Silver
Slide 32: 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.) * Hyere Seabridge c Hycroft 20.3 Speck 20s Hycroft Fresnillo 7A STLLR 10.2 | Contango 9 Silvercorp Mayfair Endeavou
Slide 33: 2026 Catalysts
2026 Catalysts
Slide 34: 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 Current mineral resource compr
Slide 35: A World-Class Asset and Team
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 recor
Slide 36: Mine Finders and Mine Builders
Mine Finders and Mine Builders DIANE GARRETT EXECUTIVE CHAIRMAN & 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 Pe
Slide 37: Capitalization & Ownership
Capitalization & Ownership Capital Structure Share Price ‘— HYMC (naspaq) $23.40 52-Week range 4 $2.93 - $58.73 Shares Outstanding 2 93.1M Fully Diluted 2/3 102.8M Market Capitalization 1/2 $2.18 B Average Daily Volume * 2,606K Unrestricted Cash * $221M Debt * SNIL 1. As of dose on June 30, 2026 2.
Slide 38: Board of Directors
Board of Directors DIANE GARRETT EXECUTIVE CHAIRMAN & CEO Formerly with Romarco Minerals, US Global Investors DAVID NACCARATI INDEPENDENT DIRECTOR Independent consultant; formerly with Cupric Canyon Capital, LLC, Phelps Dodge Corporation THOMAS WENG MICHAEL HARRISON INDEPENDENT LEAD DIRECTOR INDEPEN
Slide 39: For more information
rau NS HYCROFT | NASDAQ | HYMC For more information info@hycroftmining.com hycroftmining.com
Slide 40: Appendix
ram HYCROFT | NASDAQ | HYMC Appendix hycroftmining.com
Slide 41: Production Profile
Production Profile = Conventional open pit operation = Throughput of 57,100 ton/d = Low strip ratio of 1.55 = ROM will feed two processing facilities = Flotation mill followed by POX and leaching of concentrate = Heap leach for mineralization that is amenable to direct cyanide leaching = Average gol
Slide 42: 2026 Mineral Resource Estimate
2026 Mineral Resource Estimate As of January 21, 2026, Metric Units at $3,100/ oz Au and $36/ oz Ag Contained Ounces ‘cu | Cutoff Grade $ Net | Approximate Gold siver | Sulfide " Classification ; Ktonnes Gold Silver of Refining / tonne | Cutoff, AuEq g/t A) A) %) fining / sq g/t (g/t) @/) (%) Oz x 1
Slide 43: Initial High-Grade Silver Resource
Initial High-Grade Silver Resource Cutoff Classification | grade sitvergrt | Ktonnes Silver 0zx 1000 Measured 68.57|__ 2,899 0.372| 286.35) 13 35_| 26,686 Iindicated 68.57] 290 0.332] 106.62) 1871 3 1,025 IMeas + Ind 68.57|__ 3,198 0.368|___269.54| 138 38_| 27,711 Iinferred 68.57] 13 0.289) 120.74)
Slide 44: Vortex Extends North, South & West
Vortex Extends North, South & West fYCROFT
Slide 45: Conceptual Underground Access
Conceptual Underground Access
Slide 46: Drill Highlights - Vortex
Drill Highlights - Vortex een y TO INTERVAL GRADE (meters) (meters) (meters) Ag (g/t) Au (g/t) AgEQ(git) AuEQ (g/t) Vortex Vortex H24D-6001 383.2 507.5 124.4 102.59 0.95 184.40 2.14 Including 451.7 452.0 0.3 4,170.00 0.03 4,172.58 48.46 Including 498.2 507.0 8.9 475.56 0.31 502.25 5.83 Also Includin
Slide 47: Drill Highlights - Brimstone
Drill Highlights - Brimstone Location Brimstone Brimstone Brimstone Brimstone H23R-5753 Including Also Including H23R-5771 Including Also Including H23C-5790 Including Including H24D-6003 Including Including Including TO INTERVAL 4,974.00 142.61 357.15 3,806.78 869.90 11,933.00 26,745.00 34.70 1,835
Slide 48: Drill Highlights - Brimstone
Drill Highlights - Brimstone Location Brimstone Brimstone Brimstone Brimstone Brimstone Hole ID H24D-6010 Including Also Including Including Also Including Also Including H24D-6012 H24D-6018 Including Also Including H25D-6075 Also Including H25D-6077 Including Also Including FROM (meters, 328.4 333.
Slide 49: Gold Mineralization
Gold Mineralization Mineralization outside of the current resource
Slide 50: Silver Mineralization
Silver Mineralization
Hycroft Mining Holding — Investor Presentation (July 2026) on 6ix