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Note 13 - Subsequent Events
6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events

Note 13. Subsequent Events

 

ATM Equity Distribution Agreement

 

Subsequent to June 30, 2025, the Company sold an additional 6,949,792 shares under its ATM equity distribution agreement for proceeds of $42.1 million, net of commissions and fees of $0.6 million.

 

IQ Notes

 

On July 9, 2025, the Company fully repaid the IQ notes, including interest, for $33.6 million.

 

Dismissal of Litigation related to Klondex Acquisition

 

On July 17, 2025, the United States Court of Appeals for the Second Circuit.affirmed the district court’s decision to dismiss a putative class action lawsuit filed against Hecla and certain of our executive officers and directors in 2019 concerning certain public disclosures made about our Nevada assets in 2018 and 2019. We expect this to be the end of this matter. The plaintiffs in the related derivative lawsuit pending in Delaware Chancery Court have voluntarily sought to dismiss the lawsuit.

 

Issued Notice to Redeem Portion of 7.25% Senior Notes Due February 15, 2028

 

On August 1, 2025, we issued a notice of redemption to the trustee to redeem $212 million of our outstanding $475 million of Senior Notes. We expect the Senior Notes to be redeemed on a pro rata basis on or about August 21, 2025.