Restricted cash

9 Months Ended

Sep. 30, 2026

Cash and Cash Equivalents [Abstract]

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


	September 30, 2026		December 31, 2025
Surety bond cash collateral	$	14,544	$	22,439
Other cash collateral	54		54
Total	$	14,598	$	22,493

As of September 30, 2026 and December 31, 2025, the Company had $14.5 million and $22.4 million, respectively, in cash collateral for surface management surety bonds, which totaled $58.9 million, respectively. Of the total for surface management surety bonds, $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 financial assurance obligations; however, future revisions to financial assurance requirements may result in changes to the bonding and collateral requirements.

During the three and nine months ended September 30, 2026, the Company earned $0.1 million and $0.4 million, respectively, of Interest income on a portion of its cash collateral. During the three and nine months ended September 30, 2025, the Company earned $0.3 million and $0.8 million, respectively, of Interest income on a portion of its cash collateral. 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.