Day traders looking to capitalize on commodity price volatility catalyzed a chain reaction that ended with movie theater giant AMC Entertainment Holdings Inc.’s unusual deal to take a stake in a gold-mining venture.
Hycroft Mining Holding Corp. , which owns large gold deposits in Nevada, was on the verge of bankruptcy a few weeks ago before it caught the attention of meme-stock traders online and then of AMC CEO Adam Aron, people familiar with the matter said.
Source: https://www.wsj.com/articles/amc-to-buy-stake-in-gold-and-silver-mining-company-hycroft-11647349469?mod=itp_wsj&yptr=yahoo