Meme stock and Reddit market darling AMC has just taken a 22% strategic position in Hycroft Mining (NASDAQ: HYMC) in a US$27.9 million all cash trade. The pre-production silver miner has 600 million ounces of silver alongside 15 million ounces of gold in northern Nevada. With continued demand for the precious metal outstripping demand, AMC may be the one of the first listed companies outside of the mining sector racing to secure ounces in the ground.
