As of September 30, 2025 and December 31, 2024, the Company had $28.3 million and $27.5 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, $0.4 million was related to the financial assurance requirements for the adjacent water supply well field and exploration, and an additional $0.2 million was added in July 2025 to cover additional well monitoring. 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 is confident that it currently complies with all relevant bonding obligations.

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. During the three and nine months ended September 30, 2024, the Company earned $0.3 million and $0.9 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.