Eric Sprott and AMC Entertainment to acquire a 43.6% stake in Hycroft Mining for $56m.

Eric Sprott, a precious metals investor, and AMC Entertainment, a theatrical exhibition company, agreed to acquire a 43.6% stake in Hycroft Mining, a gold and silver development company, for $56m. "We couldn't be more pleased to announce this transformational investment in the future of Hycroft, anchored by Eric Sprott, one of the world's leading precious metals investors, and AMC Entertainment Holdings, which has proven its expertise and ability to address liquidity challenges and to raise capital to optimize the value of significant underlying assets. Collectively, their investment dramatically improves Hycroft's liquidity position and provides years of financial runway. Additionally, their confidence underscores the world-class nature of Hycroft's gold and silver deposit and our potential to unlock value at a pivotal moment in its development. We look forward to working alongside our new investors to advance Hycroft up the value chain," Diane Garrett, Hycroft President, CEO and Acting Chairman.