AMC Entertainment Holdings, Inc. Transfers the Majority of its Equity Investment in Hycroft Mining Holding Corporation to Sprott Mining for a Net Consideration of $24.1 million

AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the Company”), today announced that it has completed a transaction to transfer the majority of its equity investment in Hycroft Mining Holding Corporation (Nasdaq: HYMC) (“Hycroft”) to Sprott Mining, a private Canadian corporation owned by one of the world’s leading gold and silver investors, Eric Sprott.

Under the terms of the private transaction, AMC sold approximately 2.34 million shares of Hycroft common stock, along with warrants for approximately 1.34 million Hycroft shares and rights to approximately 12,000 future-vesting shares issuable under previously granted equity awards. The transaction resulted in an aggregate net consideration of approximately $24.1 million.

AMC retained more than 1.0 million warrants to purchase Hycroft shares at $10.68 per common share and approximately 64,000 Hycroft common shares, allowing the Company to participate in the future success of Hycroft.

Adam Aron, Chairman and CEO of AMC, commented, “AMC’s original investment in Hycroft, together with Eric Sprott, set in motion the transformation of Hycroft to unlock the full potential of its vast gold and silver mineral resources. This is an exceptional result for both Hycroft and AMC investors and exactly what we intended when we originally invested in March of 2022.”

Aron continued, “Now is the right time for us to smartly monetize the majority of our original investment and re-deploy the capital towards the substantial opportunities within our core theatrical exhibition business. At the same time, with this transaction, we retain warrants to purchase more than 1 million shares of Hycroft plus a small direct equity stake so that AMC shareholders will continue to benefit from Hycroft’s future success. To that end, I’m glad that our Chief Financial Officer, Sean Goodman, will remain on the Hycroft board to support the progress we expect Hycroft will enjoy in the future.”

Aron concluded, “With the backdrop of a strong Thanksgiving holiday box office, coupled with an exciting film slate for the remainder of 2025 and 2026, the future for AMC looks exceedingly bright as we continue to focus on delivering the very best theatrical experience with our signature recliner seats, immersive sound, crisp laser projection, and the most sought-after premium large format experiences.”