Wall Street

Canadian Billionaire Sprott Offloads Five Million Hycroft Mining Shares

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On Thursday, Hycroft Mining (NASDAQ:HYMC) filed a form 4 regarding Canadian billionaire Eric Sprott, reporting his five million company share sale, or 21% of his position, at $1.275 via his company 2176423 Ontario Ltd. The precious metals mining and exploration company operates a mine in Nevada. Sprott is a self-made Canadian billionaire who created his fortune by betting on gold and silver investments. Q1 2022 hedge fund letters, conferences and more He acquired his stake in March. The offering grabbed headlines given its buyers and Hycroft’s funding struggle as it carries outsized debt. Alth…

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