Eric Sprott - identified as a roughly 10% owner - together with 2176423 Ontario Ltd. reported a joint purchase of Hycroft Mining Holding Corp (NASDAQ: HYMC) Class A common stock on February 20, 2026, according to a Form 4 filing with the U.S. Securities and Exchange Commission. The filing shows a block of 150,000 shares bought at $42.05 per share, for a total consideration of $6,307,500.
Post-transaction ownership across their holdings is reported at 36,903,704 shares. The filing indicates the shares are held indirectly by Sprott Mining Inc., which is a wholly-owned subsidiary of 2176423 Ontario Ltd. Eric Sprott controls the Ontario entity.
The purchase arrives while Hycroft’s public market performance has been notable. The stock has returned 1,556% over the prior 12 months and gained 25% in the last week preceding the filing. Despite the strong near-term performance, the share price is trading significantly above InvestingPro’s Fair Value estimate and is listed among the platform’s most overvalued securities.
InvestingPro subscribers are noted as having access to 11 additional tips on HYMC, including material about the company’s volatility and profit outlook.
Beyond the insider transaction, Hycroft released an updated Mineral Resource Estimate effective January 21, 2026. The company reported a 55% increase in measured and indicated gold and silver resources, now totaling 16.4 million ounces of gold and 562.6 million ounces of silver attributable to its Nevada operations.
As part of ongoing 2025-2026 exploration work, the company also reported record silver grades from its Vortex system. Intercepts in that system ranged from 960 grams per tonne to 1,545 grams per tonne. Hycroft noted that the Vortex system has expanded roughly 70 meters to the northwest and about 90 meters down-dip to the west, and remains open in all directions.
On the corporate governance front, director Stephen A. Lang said he will not stand for reelection at the 2026 annual meeting for health reasons, while remaining in his current positions until the meeting. At Hycroft’s 2025 virtual annual meeting, shareholders elected six directors - including Lang - and no votes were cast against any nominee. The 2025 meeting also approved an executive pay plan.
Taken together, the insider purchase, the resource upgrade, and board developments underscore active shifts at Hycroft Mining. The Form 4 filing and the company’s resource and exploration disclosures provide the factual basis for the transactions and the operational updates reported here.