Business Context and Reporting Period
This Form 8-K is filed by Hycroft Mining Holding Corporation (HYMC) on June 3, 2025. The filing reports a change in the Company's independent registered public accounting firm resulting from a merger between its former auditor, Moss Adams LLP, and Baker Tilly US, LLP.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on the administrative change of the external auditor.
Material Changes
- Auditor Merger: Moss Adams LLP merged with Baker Tilly US, LLP effective June 3, 2025.
- Auditor Resignation and Appointment: Moss Adams LLP resigned as the Company's auditor. The Audit Committee appointed Baker Tilly US, LLP as the successor independent registered public accounting firm.
- Continuity of Service: The personnel formerly employed by Moss Adams, including the engagement team, will continue to work on the Company's audit under the Baker Tilly banner.
Outlook, Risks, and Contingencies
- Going Concern Uncertainty: The audit report for the year ended December 31, 2024, issued by Moss Adams, contained an explanatory paragraph regarding a going concern uncertainty.
- No Disagreements: There were no disagreements with Moss Adams regarding accounting principles, practices, or audit scope during the two most recent fiscal years or through June 3, 2025.
- No Reportable Events: No "reportable events" requiring disclosure under Regulation S-K Item 304(a)(1)(v) occurred during the specified periods.
- Consultations: The Company did not consult with Baker Tilly regarding accounting applications or potential audit opinions prior to this appointment.
Investor Verification Checklist
- Verify the status of the going concern uncertainty noted in the December 31, 2024, audit report.
- Confirm the continuity of the audit engagement team under the new Baker Tilly US, LLP entity.
- Review the letter from Moss Adams LLP (Exhibit 16.1) to ensure they concur with the Company's statements regarding the change.
- Monitor future filings for the first audit report issued by Baker Tilly US, LLP to assess any changes in audit opinion or emphasis of matter.