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AMC’s Hycroft Raises $195M in Just Two Weeks and Adam Aron Can’t Stop Boasting About It

Last week, movie theater chain AMC Entertainment Holdings Inc (NYSE: AMC) purchased a major stake in Hycroft Mining Holding Corp (NASDAQ: HYMC). 

AMC spent $27.9 million in cash for the deal and received roughly 23.4 million shares in the company. 

Now, two weeks following the deal, AMC’s Hycroft mining company has raised a total of $195 million. 

One of the world’s leading gold and silver investors, Eric Sprott has taken a large stake in Hycroft. Together, AMC and Sprott invested $56 million in Hycroft. 

On Friday, …

Full story available on Benzinga.com

Original Article: benzinga.com

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