WINNEMUCCA, Nev., May 7, 2024 /PRNewswire/ -- Hycroft Mining Holding Corporation (NASDAQ:HYMC) ("Hycroft" or "the Company") announces quarterly results for the three months ended March 31, 2024. Diane R. Garrett, Hycroft's President & CEO, commented: "The first quarter of the year continued to build on the strong results produced from our 2022-2023 exploration drill program, which identified a new high-grade silver discovery below the current resource pit that is truly a game changer for the Hycroft Mine. This new discovery has been very well received by the market and is bringing renewed attention to this world-class asset at an opportune time when commodity prices are also putting a spotlight on precious metals companies. "To underscore the excellent work and successful results by our team, the market has responded positively and in addition, the Company has been included on the Solactive Global Silver Miners Total Return Index, effective May 1, 2024. Everything accomplished throughout the quarter has moved Hycroft further up the value chain and I commend the team for the meticulous and thoughtful work they delivered." 2024 FIRST QUARTER HIGHLIGHTS Corporate Highlights Safety: During the first quarter of 2024, Hycroft reported no lost time accidents ("LTI") and the total recordable injury frequency rate ("TRIFR") for the trailing 12 months was 0.00. Hycroft continues to operate above one million work hours without a LTI and a TRIFR of zero. Balance Sheet: The Company ended the quarter with $57 million of unrestricted cash. On January 5, 2024, the Company voluntarily pre-paid $38 million of its senior secured debt held by Sprott Resource Lending, leaving $15 million in first lien debt. Equity Activities: The Company continued to access its at-the-market offering program and sold an additional 517,688 shares of common stock for aggregate gross proceeds, before commissions and offering expenses, of $1.2 million. Inclusion in Solactive Global Silver Miners Total Return Index: On March 28, 2024, it was announced that Hycroft was selected for inclusion in the Solactive Global Silver Miners Total Return Index, effective May 1, 2024. The index includes international companies active in exploration, mining and/or refining of silver. Operational Highlights Exploration: During the first quarter of 2024, the Company continued its exploration drill program including analyzing drill assay data and information compiled in 2023. The 2024 exploration drill program (the "2024 Drill Program") commenced in February 2024 to follow up on the high-grade underground silver discovery announced in November 2023. The current program is targeted to define the structural framework of the two new high-grade silver trends and target those areas that have not yet been drilled to establish continuity and extent, laterally and at depth, of these trends. The ...