Restricted cash

3 Months Ended

Mar. 31, 2026

Cash and Cash Equivalents [Abstract]

The following table provides the components of Restricted cash (in thousands):


	March 31, 2026		December 31, 2025
Surety bond cash collateral	$	22,602	$	22,439
Other cash collateral	54		54
Total	$	22,656	$	22,493

As of March 31, 2026 and December 31, 2025, the Company had $22.6 million and $22.4 million, respectively, in cash collateral for surface management surety bonds, totaling $58.9 million. Of this total, $58.3 million secured the financial assurance requirements for the Hycroft Mine, and $0.6 million secured the financial assurance requirements for the adjacent water supply well field, well field monitoring, and exploration. Events or circumstances that would necessitate the guarantor’s performance include a deteriorating financial condition or a breach of contract. Periodically, the Company may need to provide collateral to support these instruments. When the specified requirements are met, the party holding the related instrument cancels and/or returns it to the issuing entity. The Company believes that it currently complies with all relevant bonding obligations.

During the three months ended March 31, 2026 and March 31, 2025, the Company earned $0.2 million of Interest income on a portion of its cash collateral during both periods. Interest received on cash collateral balances is restricted as to its use and is included as an increase to Restricted cash with a corresponding recognition of Interest income when earned.