HYCROFT ANNOUNCES BOARD CHAIR TRANSITION

Company Leadership Changes - Mr. Stephen A. Lang will step down as Chair of the Board of Directors due to health reasons effective January 15, 2025, but will remain on the Board as an Independent Director [1] - Thomas Weng, the current independent Lead Director, has been appointed as the new Chair of the Board, also effective January 15, 2025 [1][2] Board Member Background - Mr. Weng has over 25 years of experience in the financial services sector and co-founded Alta Capital Partners in 2011 [3] - He served as Managing Director at Deutsche Bank and Head of Equity Capital Markets for Metals and Mining in the Americas and Latin America from February 2007 to January 2011 [3] Company Overview - Hycroft Mining Holding Corporation is a US-based gold and silver company developing the Hycroft Mine, one of the world's largest precious metals deposits located in northern Nevada [4] - The company is transitioning the Hycroft Mine into the next phase of commercial operations for processing sulfide ore and is engaged in a robust exploration drill program to expand high-grade silver systems [4]